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The NEA (National Energy Administration) reported that a record level of residential solar was added in China last month. According to the survey, 1,301 MW were installed on roofs.
Shandong province led the expansion, with 560 MW, ahead of Hebei and Henan provinces, with 312 MW and 134 MW, respectively. The latest figures took the amount of residential photovoltaic energy installed in China in the first nine months of the year to 5,274 MW.
Increase in polysilicon affects Daqo sales forecast
Daqo, a manufacturer of monocrystalline silicon and polysilicon, announced that it has lowered its sales forecast for the third quarter, which was from around 17,500 tons to 13,643 tons.
According to the company, the measure was taken because the rapid increase in the price of polysilicon – from US$ 7 to US$ 7.50 per kilogram in the second quarter to the current US$ 11.50 to US$ 12.50 – has delayed orders in the last three months .
However, the manufacturer expects excess inventory to be liquidated in the current quarter due to strong demand from the global PV market. As a result, Daqo also updated its annual production forecast, from 73,000 to 75,000 tons to 75,000 to 76,000 tons.
GCL-Poly makes “unusual” announcement
GCL-Poly took the unusual step of making an announcement to the Hong Kong stock exchange to clear up related speculation about its plans for an 80,000-ton granular silicon facility in Sichuan province.
The company said Wu Guojing and Fu Xuguang, employees of its subsidiary Jiangsu Zhongneng Polysilicon Technology Development, hold all the equity in company owner Leshan Sumin who will carry out environmental assessments for the proposed site.
Trina announces construction of solar plant
Manufacturer Trina Solar announced this week that it has started construction of a 100 MW solar plant in Hainan prefecture, Qinghai province.
The 1.78km facility is being developed with a state-owned asset investment body affiliated with the provincial government. The project will feature Trina's mono PERC modules, string inverters and adjustable fixed support racks and is expected to generate around 180 GWh per year.
Solis records increase in revenue
Inverter manufacturer Solis reported revenue of RMB 624 million (approximately US$ 93.4 million) in the last quarter, an increase of 72% compared to the same period last year. Gross profit increased by 120% in the same comparison to RMB 92 million (approximately US$ 14 million).
