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American Factory Owner Fuyao Glass To Raise $550 Mln, Eyes Solar Market
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Chinese solar developer expects $0.22/W cost for lithium-ion storage in 2023
The board of Xinyi Solar has announced it expects to have to install energy storage at its Chinese solar projects from July onwards, as a result of the recently launched five-year plan.Solar project company and PV glass manufacturer Xinyi Solar has fleshed out the costs it expects to pay for battery storage capacity up to 2024, as it expects the Chinese authorities to mandate the installation of the technology across a proportion of its solar generation portfolio. The company s board told the Hong Kong Stock Exchange today, it expects to have to install energy storage linked to 11.8 MW of its .
Impax trust flags premium risk as eco demand runs hot
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Solar glass provider profits topped US$1.25 billion in 2020, but sudden price falls loom
By Carrie Xiao
Prices for glass have remained high early in 2021. Image: AGC.
After witnessing solar prices stabilise and cell prices fall last week, glass prices have also started to contract. After taking off in H2 2020, the solar glass market would appear to now be gradually cooling off.
The latest glass price monitoring updates released by EnergyTrend showed that the current price for 2.0mm coated PV module glass was RMB31/㎡ (US$4.73), down 6.06%. The price of 3.2mm glass was RMB40/㎡ (US$6.11), down 6.98%.
Players throughout the PV supply chain who had suffered at the hands of continuously rising prices were feeling somewhat relieved by the price reduction. Excessive demands in H2 2020 had spurred the price of solar glass to rise by over 70%. Confronted by such scarce glass supply, module manufacturers were at a loss.
Solar glass manufacturers expecting slide in prices after record-breaking 2020
By Carrie Xiao Email
Solar glass provider profits topped US$1.25 billion in 2020, PV Tech analysis shows. Image: Almaden/Trina Solar.
Manufacturers of solar glass are expecting average selling prices to fall over the course of 2021 as more capacity comes onstream, but high prices last year helped send profits soaring.
Analysis conducted by
PV Tech of financial results of glass providers such as Xinyi Solar, Flat Glass Luoyang Glass found that revenues and profits soared year-on-year, with Luoyang in particular recording a six-fold increase in net profit.
Xinye Solar, the market leader in solar glass, recorded a 35% jump in revenue to RMB103.99 billion (US$15.8 billion) last year, contributing to a near 89% leap in net profit to RMB38.4 billion (US$5.86 billion).
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