Jolywood has actually suspended strategies to construct 100,000 metric heaps (MT) of polysilicon capability at a center in Gujiao, China’s Shanxi province.
March 12, 2024 Vincent Shaw
Image: Jolywood
Jolywood stated it has actually stopped strategies to establish a silicon metal plant and a polysilicon production center in Gujiao, Shanxi province. The business initially revealed the CNY 14 billion ($1.9 billion) strategy in March 2022. It stated it is stopping the task due to existing conditions in the upstream silicon PV market.
DMEGC has actually launched its efficiency report for 2023, with CNY 19.721 billion of running earnings, up 1.39% year on year. The panel maker stated its net revenue attributable to investors struck CNY 1.816 billion, up 8.8% year on year. It likewise reported that overall deliveries of PV cells and modules almost reached 10 GW, up 24.27% year on year. Throughout 2023, the business broadened its production capability by 6 GW for TOPCon cells and 5 GW for TOPCon modules. By the end of 2023, DMEGC had 14 GW of yearly production capability to produce solar batteries, and 12 GW for PV modules.
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Shijing Technology has actually revealed a tactical partnership with JinkoSolar. They prepare to establish a joint endeavor, with Shijing Technology taking a 90% stake, and JinkoSolar holding the staying 10% interest. The endeavor will purchase an advanced R&D and production center in Ziyang, Sichuan province, with a combined yearly production capability of 20 GW for silicon wafers and 20 GW for solar batteries. Building of the center is set up to start in April, targeting conclusion by the end of 2024 to release production.
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