Tongling Solar Photovoltaic Power Generation Project

Why did Lingda drop plans for a 20 GW solar cell factory?

Based in Shanghai, he covers the latest market developments, company news, and industry trends in Greater China. Lingda Group says it is dropping plans to invest in a 20 GW solar cell factory due to poor macroeconomic conditions, challenges in the PV industry, financing constraints, and other external factors.

How will PV power generation affect the NPV of a project?

Although the initial investment cost is large, national policies such as tax preferences greatly mitigate the upfront costs, and the green environmental attributes of PV power generation will provide additional income for the project. The NPV of the project will turn from negative to positive over time.

Does Heilongjiang have solar power?

Given the vast land area of Heilongjiang, the total solar energy resource potential is also substantial. Since 2017, Heilongjiang Province has been designated as a leading base for solar power generation applications, and after 5 years of development, PV installed capacity has become the third-largest power source in the Northeast region.

Where will JA Solar invest in a distributed PV project?

JA Solar has unveiled plans to invest in the development of two distributed PV generation projects in Yangzhou Enterprise Park in Jiangsu province with capacities of 11.56 MW and 11.68 MW. It will also build an 18 MW distributed PV project in Shijiazhuang, Hebei province, with an estimated total investment of CNY122 million.

Will PV power systems grow in 2022?

According to the International Energy Agency's PV Power Systems Program (2022) (Abdullah-Al-Mahbub et al., 2023), the global installed PV capacity will exceed 942 GW by the end of 2021, and continuous price reductions in the battery storage area will result in a growing market for distributed PV power systems (Jäger-Waldau, 2022).

How much did Lingda invest in Tongling?

Initially, Lingda had planned to invest approximately CNY 9.150 billion ($1.27 billion) in Tongling for the phased construction of a PV cell production project. The first phase aimed to establish a 10 GW TOPCon cell production line, followed by a second phase focusing on a 5 GW TOPCon cell line and a 5 GW HJT cell line.