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WEEK IN CHINA: Silicon price showed mark-down after five consecutive rise; Canadian Solar saw revenue increase in Q2


China-based Beyondsun, the world’s leading photovoltaic manufacturer, recently announced its formal participation in the United Nations Global Compact (UNGC) in August to jointly promote the early realization of the United Nations sustainable development goals. Jane Dong, general manager of Beyondsun, said that joining the UNGC is an important action for Beyondsun to actively respond to the global sustainable development agenda. We are very proud to participate in the global influential enterprise sustainable development initiative with enterprises from more than 160 countries.

Datang International Power Generation Co., Ltd. issued a resolution announcement of the board of directors on June 7, which adopted the Proposal on Investment and Construction of Shijiazhuang Pingshan Photovoltaic Power Generation Project on August 6, agreed to invest in the construction of the project and organize the project company. The total investment of the project is about RMB 269 million yuan, and the capital accounts for 30% of the total investment, about RMB 81 million yuan.

Chinese Silicon Industry released the latest price information of polysilicon on August 11, which rose for the first time after five consecutive declines in the second half of the year. The latest monocrystalline recharging material price is between RMB 195,000-209,000 yuan/ton, with an average price of 205,300 yuan/ton, an increase of 11,000 yuan/ton compared with last week; The transaction price range of polysilicon prime for mono is between RMB 193,000-207,000 yuan/ton, with an average price of 203,200 yuan/ton, an increase of 1,500 yuan/ton compared with last week; RMB 193,000-204,000 yuan/ton for polysilicon prime for multi, with an average price of 200,600 yuan/ton, an increase of 19,000 yuan/ton compared with last week.

Chinese PV module manufacturer JinkoSolar’s second project in Southeast Asia – Vietnam Silicon Wafer and Cell Factory officially landed in Guangning Province in northern Vietnam. Local media in Vietnam reported that it was confirmed that JinkoSolar has invested hundreds of millions of dollars to build such a gigawatt-scale silicon wafer and cell factory. The first phase of the project is planned to invest USD 500 million, mainly in the production of silicon wafers and cells. The second phase of the project will be flexibly adjusted according to the market development trend.

Chinese PV giant Longi Solar announced that it has officially become the exclusive supplier of green energy solutions for the 14th National Games. After signing the contract, Longi will also launch carbon reduction initiatives to Xi’an citizens, employees and partners in northwest China’s Shaaxi Province, and propose a number of green activities to advocate a healthy lifestyle and help achieve a complete success of the Games.

Canadian Solar released its financial results for Q2 on August 12, which revealed the net revenue of US $1.43 billion, a year-on-year increase of 105%. The revenue of the solar sector was US $1.149 billion, compared with US $663 million in the same period last year. The revenue of the global energy sector was US $280 million, compared with US $32.433 million in the same period last year.Net profit in Q2 was US $18.54 million, compared with US $20.413 million in the same period of last year, a year-on-year decrease of 9%.


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