China’s National Energy Administration (NEA) says the country installed 78.42 GW of solar power in the first six months of this year, bringing it to nearly 470 GW of cumulative installed solar capacity by the end of June.
The China Photovoltaic Industry Association (CPIA) reports that polysilicon production increased by 65 percent in the first half of the year to more than 600,000 tons, while silicon wafer production increased by 63 percent to 250 GW. Solar cell production jumped 62% to more than 220 GW in the first six months of 2023, and solar cell production grew 60% year-over-year to around 200 GW. China also exported more than $29 billion in solar products, up about 13% year-on-year. Europe was the largest module market for China’s exports, and Asia was China’s largest market for silicon wafers and solar cells.
Canadian sun says its majority-owned subsidiary CSI Solar has signed an agreement with the government of Hohhot, Inner Mongolia, to invest 11.5 billion yuan ($1.6 billion) in a vertically integrated plant. The factory produces 40 GW ingots, 10 GW wafers, 10 GW cells and 5 GW modules. Ingot production is expected to start in March 2024, and the rest of the production lines will be opened in the second half of 2024.
The China Nonferrous Metals Industry Associationn (CNMIA) says that polysilicon prices rose this week for the first time since February. N-type monocrystalline polysilicon prices are currently between CNY 70,000 and CNY 82,000 per ton, up 2.01%. p-type monocrystalline polysilicon prices are currently around CNY 65,000/MW to CNY 76,000/MW, up 2.67%.