LONGi ships 18GW+ of modules in H1, calls TOPCon 'transitionary' as it targets HPBC development

• Solar Module Super League (SMSL) participant LONGi Green Energy shipped 39.62 GW of monocrystalline silicon wafers, of which 20.15 GW was sold on the surface and also 19.47 GW for interior usage, according to its monetary results for the initial fifty percent of the year.

Shipments of monocrystalline modules got to 18.02 GW, of which 17.7 GW was marketed externally (including 87.35 MW of BIPV modules) as well as 0.32 GW was for self-use.

The company claimed that import restrictions such as the Withhold Release Order (WRO) on silicon items from Hoshine Industries as well as its subsidiaries in the US had led it to adjust its operating strategy, "moving the focus of sales to various other key markets such as Europe".

It referenced raised release targets in the European Union (EU) as well as India as key chances for the company moving forward, noting the EU's upgraded REPowerEU plan which the "Indian market imported virtually as numerous modules in the first quarter alone as it did throughout the entirety of 2021."

Moreover, according to the announcement, LONGi attained an operating revenue of RMB50.417 billion (US$ 7.35 billion) in the initial fifty percent of the year, a year-on-year (YoY) rise of 43.64%, while its net profit was RMB6.48 billion (US$ 940 million), up by 29.79% YoY. Net profit deducted from non-recurring gains and also losses attributable to investors was RMB6.405 billion (US$ 930 million), up by 30.58% YoY.

TOPCon 'transitionary'.

In the interim report, LONGi published details on its new cell modern technology for the first time.

LONGi claimed: "The company has actually established and also reserved a range of brand-new cell as well as module technologies, looking for advancements in the n-type TOPCon, p-type TOPCon, n-type HJT and also p-type HJT as well as other highly-efficient cell modern technologies, and additionally has actually created a Hybrid Passivated Back Contact (HPBC) cell.".

The firm stated it will certainly continue to promote the automation and also change of new highly-efficient cells and modules on the basis of excellent cost-performance and commercialisation in order to build a separated item portfolio with long-lasting competitiveness.

LONGi is currently offering silicon wafers to help with new cell technology study as well as equipment and supporting materials as a guarantee for technical get as well as automation when advancements occur.

Previously, Zhenguo Li, head of state of LONGi, stated in a public report that the theoretical maximum efficiency of mono silicon cells is 29.4%, the laboratory restriction effectiveness is 28%, as well as the automation performance is 26-27%. LONGi has actually been trying to find the path to reach 26% -27% with lower price and also is advancing well with the strategies.

In regards to TOPCon, HJT and also other n-type technologies, Li claimed LONGi believed TOPCon innovation would be transitional because its greatest feasible performance is just 1% more than current technologies, including that HPBC technology has more room for enhancement when it comes to cell effectiveness.

LONGi's reported that its HPBCcapacity in Xixian, Henan province was originally 15GW however this has currently been boosted to 29GW. With 4GW in the city of Taizhou and 5GW in Yinchuan, the entirely prepared HPBC capacity exceeds 40GW, with production expected to start in Q4.

Li said that when the firm gets to a full capacity of HPBC in 2023, it will certainly ship 20-25GW of products annually. The HPBC innovation will certainly replace part of the company's PERC items in the future dispersed market. Nonetheless, PERC items will certainly still inhabit a market share in unique or low-end markets.

Internal Mongolia supply chain buildout.

At the same time, LONGi is constructing out its supply chains in Inner Mongolia for the very first time, consisting of a 46GW mono silicon ingot center, a 30GW high-efficiency mono cell project and also 5GW module project in Ordos Zero-carbon Industrial Park. Equipment at LONGi's Ordos projects will certainly be mounted by the end of Q2 2023.

Many Chinese companies have been constructing out their supply chains in Inner Mongolia in action to import constraints in the United States and various other leading markets that charge companies running around Xinjiang of using compelled labour to produce a few of their items.

Meanwhile, China's Photovoltaic Industry Association has said that the global PV market development may be accelerated with expected instalments of 205-250GW for this year, of which 85-100GW will certainly remain in China.

LONGi said that its mono silicon wafer shipment target for 2022 is 90GW-100GW (consisting of self-use), while its module shipment target stood at 50GW-60GW (including self-use) and also the annual target of operating revenue is RMB100 billion (US$ 14.58 billion) or a lot more.