The Chinese authorities has launched an investigation to find out whether or not the European Union is obstructing photo voltaic investments in China.
Ministry of Commerce of China mentioned it had launched an investigation into the commerce and funding barrier actions of the European Union concerning Chinese companies beneath the EU’s Foreign Subsidies Regulation and its implementing guidelines. The investigation follows a request from the China Chamber of Commerce for Import and Export of Machinery and Electronic Products and can give attention to 4 fundamental product classes: railways, photovoltaics, wind energy, and gear. safety inspection. The ministry gathers info from stakeholders by questionnaires, hearings, and on-site investigations. The investigation is scheduled to finish on January 10, 2025, with a doable extension to April 10, 2025, beneath particular circumstances.
Xinte Energy mentioned it expects a lack of between CNY 780 million ($96.22 million) and CNY 950 million for the six months ended June 30, 2024, in contrast with a CNY 4.75 billion revenue in the identical interval final 12 months. The firm attributed the loss to a lower within the common promoting value of polysilicon, regardless of a 50% enhance in manufacturing quantity and a 30% discount in manufacturing prices. Xinte Energy famous that the influence of the polysilicon enterprise outweighed the optimistic developments in different models, similar to wind and photo voltaic renewable vitality tasks, and gear manufacturing and inverters, which noticed a major enhance in freight. The closing outcomes will probably be printed on the finish of August.
Cybrid Technologies mentioned the 2024 half-year efficiency forecast predicted a web loss resulting from shareholders of between CNY 15 million and CNY 22 million for the primary half of 2024. The firm attributed the lack of enough capability launch , intensified market competitors, and weak demand, led to a major discount within the quantity and value of its backsheet enterprise. Although the gross sales quantity of the encapsulation movie merchandise remained secure, their gross sales costs noticed a major year-on-year decline, which additionally contributed to the loss.
Investment in Shanghai Electric revealed the shortlisted candidates for the primary PV module procurement tender in 2024. The record contains Tongwei, Das Solar, JinkoSolar, Trina Solar, GCL Integration, Canadian Solar, Risen Energy, and JA Solar. The tender consists of eight sections with a complete procurement capability of as much as 800 MW, requiring cell sizes of 182 mm and above. Bidding costs present the bottom value for p-type panel bid at CNY 0.76/watt, whereas the best value for n-type bids is CNY 0.839/watt.
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