Chinese photovoltaic industry has achieved steady growth in output in 2021, and the production of polysilicon, silicon wafer, cell and module has reached 505,000 tons, 227 GW, 198 GW and 182 GW respectively, worth RMB 750 billion yuan, according to China Photovoltaic Industry Association (CPIA).
With expanding application and increasing demand, China's installed capacity of photovoltaic power generation increased by 54.88 GW in 2021, including 29.28 GW of distributed project, accounting for more than 50% for the first time in history; Photovoltaic power generation has reached 325.9 billion KWh, up 25.1% year-on-year. The country’s exports of solar products exceeded US $28.4 billion, a year-on-year increase of 43.9%.
Recently, hundreds of detained shipping containers housing roughly 100MW of LONGi solar modules have been released, reports ROTH Capital Partners in an industry note.
On top of the 100MW of LONGi modules released, ROTH also believes that Trina has had the vast majority of its detained product released, if not all of it entirely.
The alleged Uyghur Forced Labor Prevention Act would ban all imports from the Chinese region of Xinjiang unless the products are determined to not be connected to forced labor, a time-consuming and costly process.
