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The main industry chain was in a state of loss result in the weakened investment enthusiasm

published: 2024-09-24 17:31

In August 2024, the game in the photovoltaic industry chain intensified. The main industry chain was in a state of loss, and the investment enthusiasm of enterprises was significantly weakened. The development of N-type and perovskite technology is faster. Aiko, Jingyou, and Gstar are accelerating their overseas expansion to seize emerging markets such as countries along the “Belt and Road” and the Middle East.

Contracted projects

According to incomplete statistics from TrendForce, six PV projects were contracted in August 2024. Among them, the specific scale of the cell link has not yet been disclosed, and the scale of the module link is about 7GW.

In the cell sector, only one project was signed in August, which involved the perovskite field.

In the module sector, 4 projects were signed in August. Aiko, Jingyou and Gstar accelerates the globalization layout.

Chart: Contracted projects in August 2024

Started projects

According to TrendForce' statistics, there were three expansion projects started construction in August 2024. All projects are module projects and the total capacity is 9GW. These projects' owners are Canadian Solar, Xinjiang Huixu New Energy and Skyworth Photovoltaics.

Shenzhen Skyworth Photovoltaic Smart Industrial Park project is constructed in two phases. The first phase is expected to be completed and put into use by the end of 2026, and the second phase is expected to be fully put into use in mid-2027. The annual production capacity is expected to be 5GW.

Chart: Started projects in August 2024

Commissioning projects

According to incomplete statistics from TrendForce, there were 6 photovoltaic projects put into production in August 2024, of which the cell production scale is about 10GW and the module production scale is 3.1GW.

In August, only two module projects of Beyondsun and Photocrystalline Energy, put into production.

Chart: Commissioning projects in August 2024

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