Longi, TCL Zhonghuan elevate silicon wafer costs – pv journal Worldwide

LONG raised the value of silicon wafers to CNY 1.15 for N-G10L wafers and CNY 1.30 for N-G12R wafers, efficient August 29. This adjustment, averaging CNY 0.05 extra per piece, refers to deal with low value competitors and enhance market situations. TCL Zhonghuan additionally raised its costs by CNY 1.15 for G10N wafers, CNY 1.30 for G12RN wafers, and CNY 1.50 for G12N wafers.

Canadian Solar mentioned it shipped 8.2 GW of PV modules within the second quarter of 2024, with $1.635 billion in income, a gross margin of 17.2%, and a web revenue of $4 million. Its e-STORAGE division reported a $2.6 billion backlog and 66 GWh of reserve orders, whereas Recurrent Energy, its energy plant subsidiary, holds 27 GW of venture reserves and secured a serious funding from BlackRock. Canadian Solar mentioned it expects third-quarter gross sales of $1.6 billion to $1.8 billion, with a gross margin of 14% to 16%. It goals to ship 9 GW to 9.5 GW of PV modules and 1.4 GWh to 1.7 GWh of storage techniques.

New Energy within the City recorded $219.9 million in income within the second quarter, up from $415.3 million within the first three months of 2024. The polysilicon producer additionally posted a web lack of $119.8 million, up from $15.5 million in web revenue within the first quarter of 2024 and $103.7 million within the second quarter of 2023. Its common promoting value fell to $5.12/kg, under manufacturing prices. It mentioned it expects to supply 210,000 metric tons (MT) to 220,000 MT of polysilicon by 2024.

Resurrected Energy mentioned that the 5 GW n-type heterojunction (HJT) cell and 10 GW HJT PV module initiatives have been postponed. The initiatives will likely be accomplished by the top of the primary quarter of 2025 as a substitute of June 2024. The firm cited “modifications within the photovoltaic trade chain and exterior components affecting materials procurement and venture growth” for the delay. .