Trina Solar completes 3 distributed generation projects in China (27 MW)

Trina Solar Limited successfully completed and connected three distributed generation projects totaling 27 MW to the grid in Suqian City, Jiangsu Province, China at the end of December 2015.

TrinasolarPowered by approximately 110,000 Trina Solar “Honey” modules, the Projects are installed on the rooftops of three large manufacturing factories located in the Suqian Economic & Technological Development Zone (SEDZ). Wholly owned by Trina Solar, the green electricity that the projects generate is expected to reach approximately 30 million kWh per year over the next 20 years, and is being supplied to the local grid to energize the SEDZ through power purchase agreements, which, on average, will reduce up to 29,000 tons of carbon dioxide emissions annually.

The projects are eligible for a 20-year benchmark on-grid tariff of 1.0 RMB/kWh based on the former feed-in-tariff program in China. In addition, the Company will provide operations and maintenance services (O&M) to the projects.

RELATED: New efficiency record for mono-crystalline silicon solar cell, says Trina 

“We are pleased to announce the addition of these three DG installations in the SEDZ to our portfolio of DG projects that went online in the 4th quarter of 2015,” commented Mr. Longxing Huang, Vice President and President of the Distributed PV Generation Business Unit of Trina Solar. “The area is a state-level development zone, where rapid industrial expansion and local government’s commitment to diversifying its energy mix continues to boost the prospects of solar installations. In particular, the large number of facilities within the zone that have massive flat roofs makes it particularly well suited for the deployment of DG solar energy.

“We will continue to execute the remaining DG projects within our pipeline in this region in 2016 by leveraging our leading technological expertise and outstanding project development and O&M capabilities. With the grid connection of these projects, along with various other initiatives, we believe our strong finish to the year leaves us particularly well positioned as we head into 2016.”

— Solar Builder magazine

China’s renewable energy portfolio to more than triple next 10 years

China solar power

Cumulative installed capacity for renewables, excluding hydropower, in China will more than triple from 196.3 GW in 2015 to an estimated 608.9 GW by 2025, representing a Compound Annual Growth Rate (CAGR) of 12%, driven primarily by ambitious government targets for onshore wind, according to research and consulting firm GlobalData.

The company’s report states that China has made considerable progress in renewable power over recent years, with cumulative installed capacity, excluding hydropower, burgeoning from just 9 GW in 2007 to 154.6 GW by 2014.

RELATED: China to increase by 7 GW in 2015; U.S. moves to No. 2, says GlobalData 

Chiradeep Chatterjee, GlobalData’s Analyst covering Power, says China’s National Energy Administration is targeting 150 GW of wind capacity by 2017, which will increase to 200 GW, 400 GW, and 1,000 GW by 2020, 2030 and 2050, respectively.

Chatterjee comments: “China’s renewable energy sources, especially wind power, will continue to grow thanks to the government’s supportive policies, as the country seeks to reduce its reliance on coal-based thermal power.

“However, connecting to the national grid represents a significant obstacle, as a number of renewable power projects have been revised or shelved due to the lack of offtake capacity. Laying new cables and creating an extensive smart grid network that would match supply with demand is necessary, but will require huge investment.”

For the full report, head over here. You know you want to.

 

— Solar Builder magazine

Trina Solar inks strategic financing agreements with CITIC in China

Trina Solar Limited, a leader in PV modules, solutions and services, announced that it signed a five-year strategic cooperation agreement with CITIC Financial Leasing Co., Ltd and a separate three-year strategic cooperation agreement with CITIC Bank Corp. Limited Changzhou Branch on Oct. 28.

TrinasolarUnder the terms of the agreements, as a preferred strategic partner of CITIC, Trina Solar will receive comprehensive, one-stop customized financial products and services including credit facilities of RMB5 billion from CITIC Financial Leasing to support equipment upgrade, downstream projects, as well as an additional credit line of RMB5 billion from CITIC Changzhou for trade financing including short-, medium- and long-term loans. Access to foreign currency loans will also be available.

“We are pleased to build a long-term strategic partnership with CITIC based on our existing cooperative relationship to fuel our global growth and optimize our capital structure,” said Teresa Tan, CFO of Trina Solar. “We believe these arrangements demonstrate CITIC’s continued strong confidence in our current business model and future prospects.”

The two cooperation agreements allow Trina access to CITIC’s diverse financing resources and experienced professional services, as well as enable CITIC to access Trina’s established industry network and participate in our strong growth.

— Solar Builder magazine

Canadian International Trade Tribunal makes call on ‘Chinese Solar PV Module Dumping and Subsidization’ issue

The Canada Borders Services Agency (CBSA) recently reviewed an anti-dumping complaint regarding import practices around Chinese panels in the Canadian market. Based on information provided, the CBSA determined that there was “sufficient evidence that certain panels originating in or exported from China have been dumped and subsidized, and there was a reasonable indication that such actions were causing and threatening to cause injury to the Canadian industry.”

Dumping and subsidy investigations were initiated on December 5, 2014.

On Feb. 3, the Canadian International Trade Tribunal (CITT) determined that there is enough evidence for the Anti-dumping and Subsidizing Case against China to proceed. Pursuant to the import legislation (Special Import Measures Act, subsection 37.1(1)), the CITT found that imports from China have caused or are threatening to cause injury to the Canadian Industry.

On March 5, the CBSA issued its preliminary estimate of margins of dumping, margins of subsidy and provisional duties by exporter with respect to PV modules and laminates produced in China and imported into Canada as part of its ongoing investigation into allegations of product dumping.

Canadian China PV module dumping

On June 5, the CITT heard closing arguments on its inquiry into the question of injury or threat of injury to the domestic industry and has now made order of finding. On July 3, the CITT ruled that dumping and subsidization is threatening to injure the domestic Canadian industry. Final duties, issued in March by the CBSA, will be valid for the next five years.

“The Canadian Solar Industry is happy to see the issue resolved, and that there is now clarity for the industry,” says John Gorman, President and CEO of The Canadian Solar Industries Association (CanSIA). “We will continue to focus on achieving the lowest cost possible, and best value, for Canadian customers.”

— Solar Builder magazine

GlobalData: Hanergy’s troubles stem from thin-film module outlook

solar stock price

Chinese PV manufacturer Hanergy has been in the news lately for the wrong reasons, such as a dropping stock and recently canceled $585 million order (see this Financial Times article for many of the details). GlobalData analyst Amit Sharma says that these problems are largely because of an “overly optimistic approach regarding its thin-film modules.”

“China’s solar PV industry has been severely affected by huge production capacity additions since 2010, and the subsequent overcapacity has had a much bigger impact on the thin-film industry than on the crystalline silicon (c-Si) industry,” he says. “Thin-film contributes around 10% of the solar PV installation in China as of 2015 and the technology, in comparison to C-Si, has not achieved its economies of scale. However, Hanergy has been aggressively promoting and increasing its manufacturing capacity for thin-film, based on optimism for the technology, rather than aligning it to upcoming project pipelines. While c-Si manufacturers, such as Yingli Green Energy and Trinity Solar, have the flexibility to outsource production and meet demand when required, thin-film manufacturers lack this ability.

Despite the problems and whatever the reason may be,  Sharma says Hanergy’s share price downfall is not expected to make a difference to the fast and steadily growing solar PV industry in China and the rest of the world.

“China’s solar industry is set to expand rapidly due to the government’s renewable plans and encouraging initiatives,” he says. “Presently, the country offers a feed-in tariff for both utility-scale and distributed generation installations. The National Energy Administration has increased the solar power installation goal by 20% and is aggressively working to increase solar capacity beyond 100 GW by 2020, a more than threefold increase from 30 GW in 2014.

“However, recent events raise questions over the future market shares of thin-film and c-Si. The solar PV industry still has no definite roadmap to follow, which means the market will be shaped by whatever route its leaders decide to take. As a result, it is perhaps more important for players to have project pipelines, whether in-house or third party, to produce against. Companies must hit customer-required metrics on cost, price, and efficiency, as well as have a business model that makes long-term sense.”

— Solar Builder magazine