China's domestic PV market has seen a new wave of installations entering the fourth quarter, with cell and module manufacturers mostly producing at full capacity and module price rising slightly, according to source attending the 7th Chinese International Renewable Energy Conference & Exhibition held in Wuxi city of east China's Jiangsu Province.
PV project developers are speeding up installations for grid connection in a bid to enjoy subsidies, said Hu Zhigang, chairman with Qingdao Ruiyuandingtai New Energy Co., Ltd, noting that domestic PV module industry is getting out of downturn with more orders and higher prices, reported China Securities Journal on Thursday.
PV module price is up by 0.1-0.15 yuan/watt than before and the company believed that domestic PV companies' fourth quarter financial results would improve further, according to Hu.
Risen Energy (300118.SZ)'s shipment has now reached 7MW per day compared with 2-3MW in the first half this year, according to a senior manager with Risen Energy. Risen Energy is now mulling scale expansion, the senior manager said.
Companies are speeding up installations as many provinces only provide subsidies before the end of the year and some local governments specified that subsidies could only be given to companies that could complete installation target within 2015, according to Fu Jiayu, regional manager with Akcome Group.
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