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Latest Trends and Developments in the Photovoltaic Industry

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The photovoltaic industry is a rapidly evolving sector, and the Polar Star Solar Photovoltaic Network offers a wealth of information related to this field, helping you stay updated on the latest developments. For more details about the photovoltaic industry, please follow the Polar Star Solar Photovoltaic Network.

Latest Industry Updates

Rising Prices of Solar Cells

As of March 20, the latest pricing data from TrendForce indicates a continuing upward trend in the prices of solar cells due to persistent demand. The current prices for raw materials are as follows: the mainstream transaction price for n-type recycled silicon is 41 yuan/kg, while for n-type dense silicon, it is 40 yuan/kg; n-type granular silicon transactions are at 38 yuan/kg.

Silicon Wafer Prices on the Rise

With battery inventory levels low, the production forecast for April is projected to exceed 60 GW. However, the existing production capacity for silicon wafers is significantly lower than the battery production forecast, which is complicated further by the required release time of over 20 days for remaining effective capacities.

Industry Self-Regulation

Since late last year, there has been a noticeable turnaround in the photovoltaic industry, particularly with significant price recoveries across the supply chain. Major companies are taking proactive measures to ensure self-regulation.

Innovations in Offshore Photovoltaics

The successful implementation of the Jimo Offshore Photovoltaic Project serves as a strong model for integrating marine and renewable energy. Huasun, a leader in heterojunction technology, is committed to enhancing the performance of photovoltaic products to support the development of offshore solar energy.

New Standards for Testing

As the photovoltaic industry evolves, performance evaluation methodologies for bifacial modules are under discussion. The IEC testing standards, such as IEC 61215, are widely applied to ensure quality.

Price Reports

As of March 19, the price for 2.0 mm coated photovoltaic glass is 13 yuan/m², while the price for 3.2 mm coated glass is 21 yuan/m². The price for 2.0 mm backsheet glass is 14 yuan/m².

Strengthening Domestic Manufacturing

India’s new policy on solar cells aims to bolster local manufacturing as the country currently relies heavily on imports for silicon wafer production. The government hopes to attract investment to gradually achieve self-sufficiency in the photovoltaic supply chain.

Challenges in Offshore Photovoltaics

Despite policy innovations supporting offshore photovoltaics, industry insiders recognize the challenges in controlling costs, marking a new phase for the industry towards large-scale and clustered development.

Supply Chain Trends

Recent analysis predicts a price surge across the photovoltaic supply chain, as the industry struggles to clear outdated capacities in the short term. The future may hinge on eliminating obsolete technologies and increasing competitive barriers.

Efficiency Breakthroughs

Fina has recently achieved a breakthrough in perovskite module efficiency, with a certified conversion rate of 24.12% for its small modules, showcasing significant advancements in technology.

Investment in Photovoltaic Infrastructure

The Fengyang Conch Photovoltaic Industry Integration Project has commenced operations, aiming to produce 1.02 million tons of photovoltaic glass annually. This project exemplifies the transition of traditional material companies into the renewable energy sector.

Upcoming Initiatives

The Yunnan Yongren County has signed a contract for a photovoltaic bracket and fastener production project with a total investment of 15 million yuan, indicating progress in local investment initiatives.

Market Trends

As of March 13, the photovoltaic market is experiencing an increase in silicon wafer prices due to growing demand linked to favorable policies driving installations.

Global Expansion of Chinese Companies

Chinese photovoltaic companies are increasingly looking to expand internationally, especially in the bracket sector, where they face strong competition from established foreign firms.

Quality Assurance Challenges

Quality concerns in photovoltaic glass manufacturing are emerging, with some companies opting for cheaper materials that may contain harmful substances, posing risks to both health and product quality.

Future Prospects

As the photovoltaic industry approaches a new era of technological iteration and market restructuring, the focus will be on enhancing efficiency and adapting to diverse application scenarios.

Conclusion

The photovoltaic industry is poised for significant growth, driven by innovations and strategic investments. Staying informed on industry trends and developments is key for stakeholders.