PVTIME – On 26 December 2023, two Chinese companies announced delays to their solar power project and silicon material project respectively.
Beijing Jingyuntong Technology Co. (JTY, 601908.SH), a company engaged in the research and development, manufacture and sale of semiconductor and photovoltaic precision equipment, claims the extension of the expected commissioning date of the 22GW capacity mono-crystalline silicon ingot and wafer financing investment in Leshan City, China, from December 2023 to December 2024.
JYT stated that silicon prices in China have dramatically decreased due to the intense competition among silicon material manufacturers in 2023 and may negatively affect JYT’s new silicon project. In order to reduce the risks caused by the uncertainties of the market, the project will be adjusted according to the market and JYT’s situation.
On the same day, Shanghai Nenghui Technology Co. (Nenghui Technology, 301046.SZ), whose business covers solar power plant EPC, operation and maintenance, renewable energy service, microgrid solutions, heavy duty EV truck battery swap stations, energy storage and waste pyrolysis, etc., announced that it will postpone the completion date of its distributed solar power project from 31 December 2023 to 31 December 2024.
Nenghui Technology’s commercial distributed solar power project, with an investment of 256843000 yuan, has a total installed capacity of 58.60MW and is planned to be located in Henan Province, Guangdong Province and Shanghai City of China. The slowdown in project construction and module purchases is mainly due to changes in commercial and industrial operations and electricity load profiles, as well as sharp changes in the prices of upstream products in the photovoltaic industry. In order to ensure the return on investment of the project, Nenghui Technology decided to adjust the plan according to the market and the actual situation of the company.
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