Chinese PV Industrial Instant: Beijing probes EU investment barriers for PV

The Chinese executive is launching an investigation to uncover whether the European Union is obstructing Chinese solar investments.

July 12, 2024 Vincent Shaw and Valerie Thompson

China’s Ministry of Commerce

Image: N509FZ, Wikimedia Commons

China’s Ministry of Commerce acknowledged it has launched a trade and investment barrier investigation into the European Union’s actions regarding Chinese enterprises below the EU Foreign Subsidies Law and its enforcing principles. The investigation follows a question of from the China Chamber of Commerce for Import and Export of Equipment and Digital Merchandise and can focal level on four most foremost product categories: railway locomotives, photovoltaics, wind vitality, and security inspection equipment. The ministry is gathering data from stakeholders through questionnaires, hearings, and on-pickle investigations. The investigation is determined to realize by Jan. 10, 2025, with a conceivable extension to April 10, 2025, below particular cases.

Xinte Vitality acknowledged it expects a loss between CNY 780 million ($96.22 million) and CNY 950 million for the six months ending June 30, 2024, in contrast to a CNY 4.75 billion income within the a related length last year. The firm attributed the loss to the decline within the in vogue selling worth of polysilicon, no matter a 50% lengthen in manufacturing quantity and a 30% cut worth in manufacturing costs. Xinte Vitality renowned that the polysilicon industry’s affect outweighed obvious inclinations in other fashions, similar to renewable energy projects in wind and solar, and manufacturing equipment and inverters, which saw a necessary lengthen in shipments. The closing results would possibly be published by the terminate of August.

Cybrid Technologies acknowledged its 2024 half of-year efficiency forecast predicts a procure loss attributable to shareholders of between CNY 15 million and CNY 22 million for the most foremost half of of 2024. The firm attributed the loss to astronomical potential liberate, intensified market competition, and veteran seek files from, leading to a necessary tumble in every quantity and price of its backsheet industry. Though the sales quantity of encapsulation movie merchandise remained stable, their selling costs saw a astronomical year-on-year decline, also contributing to the loss.

Shanghai Electric Investment has published the shortlisted candidates for its first PV module procurement at ease of 2024. The checklist involves Tongwei, Das Photo voltaic, JinkoSolar, Trina Photo voltaic, GCL Integration, Canadian Photo voltaic, Risen Vitality, and JA Photo voltaic. The at ease covers eight sections with a complete procurement potential as a lot as 800 MW, requiring cell sizes of 182 mm and above. The bidding costs level to the lowest worth for p-form panel bids at CNY 0.76/watt, while the absolute best worth for n-form bids is CNY 0.839/watt.

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