TZS targeting 55GW of 210mm mono wafer ability by end of 2021

• Tianjin Zhonghuan Semiconductor (TZS) is establishing its sights on achieving a 150% rise in 210mm monocrystalline wafer capacity by the end of 2021.

Reporting full-year 2020 economic outcomes, TZS said that it was accelerating the building and construction of its G12 (210mm) wafer production base in Inner Mongolia and was functioning to have the building and device mount phases completed by mid-2021 before beginning quantity production soon after.

At first plans were for quantity manufacturing to begin near the end of the year, having actually added 2GW of brand-new capability to its 20GW of existing capacity before the end of 2020, mostly from debottlenecking and manufacturing optimisation.

TZS additionally noted that with the increased development prepares it expected to gotten to between 52GW to 55GW of total G12 wafer ability by the end of 2021, up from 22GW at the end of 2020.

In tandem with the Inner Mongolia expansion, TZS highlighted that it new 50GW nameplate G12 wafer plant in Ningxia (Ningxia Zhonghuan Phase VI project), in north-central China would certainly be completed by the end of 2021 as well as placed it right into manufacturing in 2022/3. The firm additionally has around 20GW of 160mm to 182mm square large-area wafer capability.

Cell as well as module strategies

In respect to its cell and module manufacturing JV with Total and Maxeon Solar (HSPV), TZS stated that it would certainly be implementing a Passivated Emitter Rear Cell (PERC) 3.0 technology upgrade appropriate to shingled cell PV modules within the year at its committed centers in Tianjin.

The company said that the doubling of capability from 2GW to 4GW was finished in 2020. TZS believes it is the biggest manufacturer of shingled cell PV modules, known as SunPower's 'P' Collection modules.

In February 2020, HSPV had actually introduced prepare for a 6GW G12 wafer-sized shingled module setting up clever great projects at manufacturing sites in Yixing as well as Tianjin. The JV intends a fast growth of the future generation 'P5' module version ability to 6GW in 2021. This is anticipated to generate performance degrees in the range of 520W to 540W.

Financials

TZS reported full-year 2020 total operating earnings of RMB19.06 billion (US$ 2.93 billion), up 12.8% from the previous year. This was mostly because of wafer capacity as well as sales revenue increasing considerably in the fourth quarter of 2020 to US$ 873.8 million, up from a low in the second quarter of around US$ 635 million.

Sales quantity of solar silicon wafers boosted by 24.90% compared with the previous year, while wafer result enhanced by 30.23%, year-on-year.

TZS reported a web profit of RMB1.48 billion (US$ 227.7 million in 2020, up 17% year-on-year. The company gained from a number of running efficiency drives, higher production yields and also greater exercise prices in the second and third quarters, offset by lower web profits of US$ 37.3 million in the fourth quarter of 2020.