From pv magazine Global
China’s total annual solar cell and module production capacity may increase from 361 GW at the end of last year to up to 600 GW at the end of 2022, according to the Asia Europe Clean Energy (Solar) Advisory (AECEA).
“Since January, 20 companies disclosed to expand module production totalling 380 GW, planned to be executed within the next few months or up to 1,5 years,” the analyst firm said, noting that most of this capacity relates to n-type modules produced with tunnel oxide passivated contacts (TOPCon) solar cells or panels based on cells with a heterojunction (HJT) design. “Reportedly, TOPCon related expansion plans exceed 220 GW, whereas HJT is nearing the 150 GW mark. As an example, recently one HJT company conducted an online pitching and according to them almost 800 people joined that call,” it added.
So far this year, the output of polysilicon, wafers, cells and modules has already beaten the achievements of the Chinese PV industry in 2021 by some 50%. “By June, module shipments of the TOP 10 manufacturer crossed the 100 GW and by the end of September may have reached 140-150 GW (2021: 133 GW),” said the AECEA. “Just five of these top 10 have set shipment targets of between 183-205 GW.”
Furthermore, the AECEA revealed that the country’s polysilicon capacity should grow from around 530,000 MT at the end of 2021 to up to 1.2 million MT in 2022, jumping to 2.5 million MT in 2023, and up to 4 million MT in 2024.
“In the near term, the overall industrial landscape won’t fundamentally change. Incumbent companies are further consolidating their market positions through backward/forward integration,” the AECEA stated. “By and large, vertical integration remains their favored business model, which in times of external supply constraints or external supply dependencies has gained ever more weight.”
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: email@example.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.