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Photovoltaic new technology leads the market development

Entering 2023, listed companies will accelerate the deployment of N-type TOPCON photovoltaic cells.

Recently, the largest photovoltaic cell project in Nantong City – Linyang solar high-efficiency photovoltaic cell project held a foundation laying event and announced the official start of construction. It is understood that the total investment of the project is 10 billion yuan, mainly producing high-efficiency N-type TOPCON photovoltaic cells, with an estimated annual production capacity of 20GW. This landing is the first phase of the project, which is expected to be put into operation by the end of June this year.

N-type TOPCON photovoltaic cells are the focus of development in the industry in the past two years. Companies such as JinkoSolar, GCL Integration, Mubang Hi-Tech, Yijing Optoelectronics, and Huasheng New Energy are all making deployments. Therefore, 2022 is also regarded by the industry as the first year of commercialization of N-type photovoltaic technology. Many manufacturers’ N-type TOPCon module products have won orders from central enterprises and even exported them to overseas markets.

Trina Solar said that TOPCon has reached the stage of high-efficiency and low-cost mass production, and is currently the preferred technology route. The chairman of Tongwei Co., Ltd. said that he is optimistic about the development potential of HJT (crystalline silicon heterojunction cell) in the long term, but the current cost performance of HJT has no obvious advantages compared with PERC and TOPCon, and further research and development is still needed.

Since last year, photovoltaic companies have started to make continuous efforts on N-type batteries, announcing the production of TOPCon technology routes, and the industry is showing a trend of blowout.

At the same time, the N-type TOPCON photovoltaic cell of Mubang Hi-Tech, another listed company that is accelerating its transformation, is also progressing rapidly.

On January 29, Shijing Technology announced that the company won the bid for the process supporting system project of the 10GW high-efficiency photovoltaic cell production base in Wuzhou High-tech Zone, Guangxi. . The tenderee is Jiangxi Mubang Hi-Tech Co., Ltd.

Not long ago, on January 17, Shijing Technology also received the notice of winning the bid from Guangxi Mubang Hi-Tech New Energy Co., Ltd. for the 10GW high-efficiency photovoltaic cell production project in Wuzhou High-tech Zone, Guangxi. The winning project is Wuzhou, Guangxi-Special Gas & Chemicals, etc. project, the total bid price is 126.15 million yuan.

Guangxi Mubang High-Tech New Energy Co., Ltd. is a wholly-owned subsidiary of Jiangxi Mubang High-Tech Co., Ltd. It is building a 10GW N-type high-efficiency battery project with an estimated total investment of more than 4 billion yuan.

In addition to Mubang Hi-Tech’s own accelerated layout, the photovoltaic industry has started a price game in the industry chain under the background of continuous high demand this year, and the price of silicon wafers has also continued to rise.

On February 4th, the authority to quote the latest silicon wafers in Central, one of the leading silicon wafers, rose. P-type 150μm silicon wafers 182, 210, and 218.2 rose to 6.22 yuan/piece, 8.2 yuan/piece, and 8.85 yuan/piece respectively; N-type 130μm thickness Silicon wafers 182 and 210 rose to 6.39 yuan/piece and 8.35 yuan/piece respectively; the thickness of N-type 150 μm silicon wafers was reduced to 140 μm, and the quotations for 182 and 210 sizes were 6.52 yuan/piece and 8.52 yuan/piece respectively.

Photovoltaic new technology leads the market development

Galaxy Securities pointed out that as silicon materials enter a downward cycle, the profits of the photovoltaic industry chain have entered a stage of redistribution. In 2023, the profitability of most companies will improve to varying degrees, and the gross profit rate of the main industry chain (excluding silicon materials) will return to the central range of 15%. Integrated enterprises can maximize the profit dividends released by silicon materials. It is recommended to grasp two main lines: one is an integrated enterprise or a leader in auxiliary materials that has a large margin for improvement in profitability, has the ability to resist cyclical fluctuations, has strong competition barriers, and enjoys dividends in overseas markets; the other is that new technologies lead the market, and N-type batteries Pulled apart, granular silicon + CCZ has great potential.