Another photovoltaic leader announced the expansion of production.
Jingke Energy announced on March 18 that it plans to invest in the construction of 24gw high-efficiency photovoltaic modules and 100000 ton photovoltaic module aluminum profile projects, as well as the planned construction of 30GW single crystal pull rod photovoltaic industry projects, with a total investment of about 20.8 billion yuan. Recently, Longi Green Energy Technology Co.Ltd(601012) , Ja Solar Technology Co.Ltd(002459) and other leading photovoltaic enterprises announced their investment and production expansion, all at the level of 10 billion yuan.
It is worth noting that recently, an n-type TOPCON of Jingke energy failed to meet the expected efficiency, which suspended the rumors of TOPCON phase II project and disturbed the market. On March 18, Jingke energy replied on the investor interaction platform that the relevant rumors were untrue.
20.8 billion yuan invested in two photovoltaic projects
Jingke energy is the global leader in photovoltaic modules, with vertically integrated production capacity including silicon wafers, batteries and modules. In January 2022, Jingke energy landed on the science and innovation board, and the latest market value of the company was 118.3 billion yuan.
According to the announcement of Jingke energy, the company signed an investment agreement with the people's Government of Guangxin District of Shangrao City on March 18. Jingke energy plans to invest in the construction of 24gw high-efficiency photovoltaic modules and 100000 ton photovoltaic module aluminum profile project in Guangxin District of Shangrao City, with a total investment of about 10.8 billion yuan.
The project is divided into three phases, of which 8GW high-efficiency photovoltaic modules are constructed in phase I; Phase II construction of 8GW high-efficiency photovoltaic modules; Phase III construction of 8GW high-efficiency photovoltaic modules and 100000 tons of photovoltaic module aluminum profiles. The project will be put into operation before December 15, 2022 and reach production capacity before June 15, 2023. The second phase of the project is expected to be constructed in the fourth quarter of 2023, and the third phase is expected to be constructed in the third quarter of 2025.
On the same day, Jingke energy also signed an investment cooperation agreement with Xining Municipal People's government and the Management Committee of Xining Economic and Technological Development Zone. Jingke energy plans to invest in the construction of 30GW single crystal pull rod photovoltaic industry project in Nanchuan Industrial Park under the jurisdiction of Xining Economic and Technological Development Zone, with a total investment of about 10 billion yuan.
Among them, phase I plans to build a single crystal pull rod production line with an annual output of 20GW. The construction of a single crystal pull rod production line with an annual output of 20GW will be started in April 2022, and the construction of a single crystal pull rod production line with an annual output of 10GW will be timely promoted according to the market demand from 2023 to 2024. The investment of phase I 20GW single crystal pull rod project is expected to be about 7 billion yuan, and the investment of phase II 10GW single crystal pull rod project is expected to be about 3 billion yuan.
response to rumors of suspension of new battery project
On March 18, an investor asked Jingke energy for confirmation. It was reported on the Internet that the efficiency of the company's n-type TOPCON was not up to expectations, thus suspending the Topcon phase II project. Is it true.
Source: interactive platform
In this regard, Jingke Energy said on the investor interaction platform on March 18 that the relevant rumors were not true. At present, the 16GW n-type TOPCON battery projects that the company has put into operation in Hefei, Anhui and Haining, Zhejiang have a mass production efficiency of more than 24.5%. Various key indicators such as production capacity and yield are also steadily improving as planned, and it is expected to achieve full production ahead of schedule.
Since 2019, the company has started the production capacity layout of n-type TOPCON battery. The key technical indicators and production process have been verified and are in the stage of large-scale mass production. The company launched n-type TOPCON component products and has obtained good market feedback. At the same time, the company also has relevant technical reserves to further improve efficiency, reduce costs and lead the technological progress of the industry.
On February 21, Jingke energy issued a document saying that its high-efficiency n-type battery project in Haining base was successfully offline, and the first n-type high-efficiency product was successfully produced. Last October, Jingke Energy announced that its TOPCON battery conversion efficiency was up to 25.4% certified by a third-party authority.
Minsheng securities research report pointed out that since the theoretical conversion efficiency limit of p-type monocrystalline silicon perc battery is 24.5%, it is difficult to improve significantly. In 2022, the technology iteration of photovoltaic cells has officially ushered in a new era. Battery technologies with higher conversion efficiency such as TOPCON, hjt and IBC will move from the laboratory to the industrial chain.
photovoltaic faucet raises the tide of production expansion
With the improvement of the prosperity of the photovoltaic industry this year, the photovoltaic industry represented by leading enterprises has set off another wave of production expansion, both at the level of 10 billion yuan.
On March 14, Longi Green Energy Technology Co.Ltd(601012) issued the announcement of signing major investment agreements. The company signed the investment cooperation agreement with the people's Government of Inner Mongolia Eerduosi Resources Co.Ltd(600295) city and the people's Government of ejinholo banner on March 12, and reached cooperation intention on the company's investment and construction of 20GW monocrystalline silicon rod and chip project, 30GW high-efficiency monocrystalline cell project and 5GW high-efficiency photovoltaic module project in mengsu economic Development Zone of ejinholo banner, Inner Mongolia Eerduosi Resources Co.Ltd(600295) City, Inner Mongolia Autonomous Region. The total investment is about 19.5 billion yuan.
Previously, Ja Solar Technology Co.Ltd(002459) signed the investment framework agreement with Qujing Municipal People's government and Qujing Economic and Technological Development Zone Management Committee. In the next six years, the company plans to invest in the development and construction of "green photovoltaic new energy base" in Qujing City, with a total investment of about 10 billion yuan.
In the upstream polysilicon link, Jolywood (Suzhou) Sunwatt Co.Ltd(300393) also threw out a large investment order a few days ago Jolywood (Suzhou) Sunwatt Co.Ltd(300393) announced on March 15 that Jolywood (Suzhou) Sunwatt Co.Ltd(300393) signed the strategic cooperation and investment agreement with Taiyuan municipal government and Gujiao municipal government. The company plans to invest in the project with an annual output of 200000 tons of industrial silicon and 100000 tons of high-purity polysilicon in Gujiao City, Shanxi Province, with a total investment amount of 14 billion yuan.
On March 15, Tbea Co.Ltd(600089) issued an announcement on foreign investment. The holding subsidiary Xinte Energy Co., Ltd., with its wholly-owned subsidiary Xinte silicon-based new materials Co., Ltd. as the main body, plans to invest 17.6 billion yuan to build a 200000 ton polysilicon project.
