Huasun has signed two offers with Leascend Group, together with a monocrystalline silicon wafer provide settlement, whereas GCL Expertise has agreed to produce Longi Inexperienced Vitality Expertise with 425,000 tons of N-type granular silicon to the tip of 2026.

Leascend Group, a Shenzhen-listed firm, has signed two agreements with Huasun New Materials and Huasun Photo voltaic. Considered one of its subsidiaries has agreed to accumulate 180 million 210/N monocrystalline silicon wafers from Huasun New Materials. Leascend Group has additionally agreed to promote 1 GW of A-grade G12 heterojunction cell merchandise to Huasun Photo voltaic. The whole worth of the 2 contracts exceeds CNY 200 million ($27.6 million). 

First, an encapsulation movie producer in China, has introduced strategic changes to the deliberate 2024 growth of manufacturing capability throughout its amenities in Vietnam, in addition to the Chinese language cities of Hangzhou and Suzhou. The corporate mentioned it plans to decelerate its improvement of the undertaking, which goals to supply 250 million sq. meters of encapsulation movie per 12 months in Hangzhou, to take care of optimum capability utilization and guarantee a balanced supply-demand relationship for downstream photovoltaic modules. The remaining capability manufacturing is scheduled to be postponed till the tip of 2025. A part of the plant development was accomplished by December 2023, with an funding equal to about 10% of the full deliberate expenditure. 

China’s Ministry of Trade and Data Expertise (MIIT) has launched January-February PV manufacturing information exhibiting that firms manufactured about 330,000 tons of polysilicon, 130 GW of silicon wafers (with 9.3 GW exported) and 100 GW of photo voltaic cells (with 9.5 GW exported). The MIIT mentioned that 76 GW of PV modules have been additionally made within the first two months of the 12 months.

GCL Expertise mentioned it has signed a contract to produce Longi Inexperienced Vitality Expertise with 425,000 tons of N-type granular silicon over the following three years to the tip of 2026. The deal entails roughly 125,000 tons of granular silicon in 2024, roughly 150,000 tons in 2025, and 150,000 tons in 2026.

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