PR97123

CHANGZHOU, China, July 21, 2022 /PRNewswire=KYODO JBN/ --

A TrendForce EnergyTrend report for Q2 2022 says 56 cell manufacturers,

accounting for about 80% of all cell makers, can now produce 210mm cells,

representing a year-on-year growth of 51%. Moreover, 23 module makers have now

adopted 600W+ technology.

As the cost of polysilicon keeps growing, the need to increase efficiency,

reduce costs and improve IRR on projects has become more pressing than ever.

Large and ultra-high power PV products are advancing rapidly because of high

power, efficiency, reliability and immense cost benefits. They now account for

80% of capacity and shipments of wafers, cells, and modules, and have thus

become the mainstream of the market.

To download the full report, please check:

https://static.trinasolar.com/sites/default/files/Outlook_Large-Sized_Wafers_Cells_and_Modules_2022-final.pdf

Trend: 23 businesses adopt 600W+ as high-power modules become focus of tenders

TrendForce tender figures show that the ratio of large 182 & 210mm (including

210R) modules being bought and in use has increased significantly. An analysis

of the announced 89.4GW of PV module tenders indicates that about 72.2GW (77%)

of them have no specific size requirements and merely want power of 530W and

above. 17.2GW of tenders have specific module size requirements, of which large

(182 & 210mm) variations account for 13.97GW, or 81.2%.

Large high-power modules are becoming mainstream, particularly in ground power

stations. Large distributed PV products are also expected to grow rapidly in

the thriving market.

Capacity of 210mm wafers rose 172%, with the share of large-sized wafers

exceeding 80%

Newly established capacity during the first half of 2022 was mostly compatible

with large 182 & 210mm wafers. The TrendForce EnergyTrend survey points to

large  wafers (182 & 210mm) reaching 422.6GW of capacity this year, a ratio of

83.1%, of which 210mm wafers accounting for 164GW (32.25%), a year-on-year

increase of 172% (60.1GW in 2021). Large wafers (182 & 210mm) will have market

share of 89.97% by 2023, 210mm accounting for 274.6GW, or 46.35%.

Progress made in wafer thinning has exceeded initial expectations, yielding a

sizable reduction in wafer consumption. Businesses faced with stubbornly high

prices of raw materials are constantly reducing their use of wafers by rapidly

switching from 165(micrometre) to 160/155(micrometre), and will continue the

move toward 150(micrometre). Wafer consumption is thus expected to drop from

2.7-2.8g/W in 2021 to about 2.6g/W.

80% of businesses can produce 210mm cells under accelerated iteration between

old and new capacity

The deployment of large 182 & 210mm (including 210R) cells is steadily falling

in line with business' capacity upgrades and iterations, as well as their shift

in demand. According to the TrendForce study, the combined capacity of 182 &

210mm (including 210R) is now about 82.5%, while large cells (182 & 210mm) are

likely to reach capacity of 593.25GW in 2023, and total capacity of 210mm cells

will possibly reach 380.4GW and market share of 57.59%.

Large modules accounted for nearly 80% of shipments in Q1 2022

Major module makers generated combined shipments of 34.31GW in Q1 2022, large

modules (182 & 210mm) accounting for about 27.26GW, or 79%. Falling demand for

M6 and smaller modules is reflected in a pick-up in the shipment of large

modules. Major modules makers are expected to ship a total of 203-230GW

throughout 2022, and shipments of 210mm modules (including 210R) will rise

rapidly.

210 + N-Type technology has been on the way

As PERC is reaching the cut-off point of efficiency improvement and the cost of

materials, transportation and land increases, a further improvement in

conversion efficiency, reduction in system costs and acceleration in iteration

and upgrades for N-type technology are becoming essential for PV businesses

seeking competitive advantage. Thus, 210mm products emerged, and adding up any

advanced technology could be possible thanks to the openness and extensive

compatibility.

Last month, Trina Solar announced capacity expansion in Xining Plant, focusing

on the new N-type and 210 technology, which will enable the company to create

increased value for customers as a major supplier of main materials. Module

power output will be expected to reach 700W and above with the combination of

N-type and 210 technology.

The collocation of large-sized products and advanced technology has opened up

additional space for efficiency improvement and cost reduction. 210mm + N-type

continue to optimize LCOE. It may also further increase the ratio of PV in

renewable energy, and serve the cause of carbon peaking and neutrality goals.

SOURCE  TrendForce