SNEC, the largest solar trade show in the world, has been postponed from December 2022 to May 2023, due to difficulties caused by China’s strict pandemic rules. This is the second time the 16th edition of the event has been postponed. It was originally scheduled to be held in April 2022, and it was later delayed until June 2022, but has now been moved again to May 2023.
Yingfa Group commissioned a new 20 GW solar cell factory in Yibin, Sichuan province. The new manufacturing facility will begin production at full capacity by the end of 2030. Yingfa aims for 50 GW of cell capacity by the end of 2025.
GCL Technology announced that it will buy a majority stake in Yajiang Snowway Mining Development. The bankrupt mining company has the right to develop a lithium salt mine in Sichuan province, which has reserves of 18 million tons of lithium ore. GCL Technology said the acquisition will help it produce raw materials for electric car batteries. The polysilicon manufacturer did not disclose the financial terms of the investment.
Jinko Solar claims 23.86% efficiency for the latest n-type, TOPCon monocrystalline panel. The company achieved a record efficiency of 26.1% in October. The results, confirmed by Germany’s TÜV Rheinland, build on the company’s previous record of 23.53%, set in July.
Growatt said its application for a $1 billion initial public offering on the Hong Kong Stock Exchange has been approved. According to Frost & Sullivan, Growatt will be the third largest inverter manufacturer in the world in 2021.
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