The influx of affordable Chinese green products is pressuring local industries in major economies, particularly the U.S. and Europe, driving down prices and potentially stifling domestic innovation due to competitive disadvantages.
The ongoing price war between top global suppliers could catalyse more competitive solar panel pricing in the Indian market, potentially leading to an increase in solar adoption at both the commercial and residential levels.
China’s SolarSpace has partnered with NTPC to provide dual-glass PV modules for NTPC’s 375 MW solar project in Bhuj, Gujarat, with Zetwerk as the supply partner.
Jolywood has suspended plans to build 100,000 metric tons (MT) of polysilicon capacity at a facility in Gujiao, China’s Shanxi province.
Sunpure will supply Larsen & Toubro with water-free PV cleaning robots for the world’s largest utility-scale hydrogen plant powered entirely by renewable energy.
Greenko founders-owned AM Green will partner with Chinese multinational Envision Energy to manufacture wind turbines in India for green energy projects of AM Green and its customers. The two companies will also collaborate on net-zero industrial parks and green hydrogen projects in India and globally.
Huasun, a Chinese heterojunction module specialist, says it has invested CNY 5.4 billion ($761.2 million) in its new new 3.6 GW solar factory.
Huasun’s Himalaya G12-132 HJT solar module provides a power output of 750 W and a conversion efficiency of 24.16%.
Average sales prices of Chinese power cells at the end of 2023 were half of what they were at the start of the year, according to TrendForce. Despite the drop, the research firm says prices should stabilize in the second half of 2024.
Akcome says it hopes to soon start commercial production of its heterojunction (HJT) perovskite solar cells, but it has yet to provide a specific time frame.
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