Detail

ZNSHINE » News » 2018 » ZNSHINE Solar Signed A 300 MW PV Module Supply Agreement With India’s Largest IPP Company

ZNSHINE Solar Signed A 300 MW PV Module Supply Agreement With India’s Largest IPP Company

Views: 57 Author: Site Editor Publish Time: 2018-05-04 Origin: Site

Chinese solar photovoltaic manufacturer ZNSHINE Solar has nailed a 300 MW photovoltaic module supply agreement with India renewable energy developer ACME Cleantech Solutions Private Limited, responding to growing market demand in India.
This is another multinational agreement reached since the last year’s cooperation between ZNSHINE Solar and several well-known Indian companies, said Lily Q. Lee, Sales president of the company.
Znshine Solar will provide ACME with a variety of photovoltaic power output solutions including graphene-coating PV modules, also known as self-cleaning PV modules, 1500V modules and decentralized junction box, all of which will be shipped in May 2018 and is expected to be delivered by the end of August this year, she said.

(Left: Lily Q. Lee, Sales President of ZNSHINE Solar; Right: Nikhil Dhingra, ACME President)India’s photovoltaic market has prospered and attracted the attention of the global market thanks to the vigorous promotion of the government. According to the International Renewable Energy Agency (IRENA), India’s new solar power generation in 2017 reached 9,628 MW, compared with the 4,251 MW in 2016 and exceeded the markets of North America, Europe and Japan.
While The Indian government aims to build 100 gigawatts of new solar power by 2022 setting to become the second largest solar PV market in 2018, the market potential is huge, says IHS Markit.
Josefin Berg, an analyst at IHS Markit said they expect to see 11 GW in India this year, while the U.S. should install 10 GW. In the face of this huge market opportunity and relatively favorable government taxation, Chinese companies are competing to invest in India’s PV market with many Chinese PV companies, including ZNSHINE Solar, LONGi Solar and Trina Solar have all invested in the Indian market in recent years.
India is already China’s biggest export market for solar products by sales value. During 2017, China’s exports accounted for 24.1% of India’s solar products, with sales growth seen in both cells and modules.
According to Li, India is a major overseas market that ZNSHINE is looking to expand. In the second half of 2017 alone, the company has signed orders with morethan 800 MW with companies including OPG、 Aditya、 Hindustan、Harsha Abakus、ACME.
The cooperation with ACME, the biggest independent power generation company in India, is a win-win as we can provide them with the most advanced photovoltaic manufacturing technology and professional service from China, ensuring a professional technological support for the country’s photovoltaic power stations, said Li.
“At the same time, this will also inject new momentum for us to further explore the Indian market.” As one of the world’s largest power plant developers and module manufacturers, ZNSHINE Solar has been actively deploying overseas markets. The company currently sees its PV projects in Japan, Europe, the Middle East, Southeast Asia, and other countries.
With its power station seeing an annual capacity of 1.1 GW, the company boasts module output of 2 GW each year and completes more than 5GW of power plant construction worldwide.
The Indian government said earlier it was considering a 70 percent import tax against Chinese PV manufacturers which see cheaper cost. However, developers warn that posing import duty to Chinese manufacturers could halt the fast-expanding industry in its tracks and increase the cost of all solar installation despite the protection of only a few Indian manufacturers.
In addition to India, which sees trade disputes surrounding the manufacture of solar panels, the EU has imposed anti-dumping tariffs on Chinese solar panels in 2013, before which the US imposed duties of up to 165 per cent on imports from China saying panels were being sold too cheaply to the US market.
The situation has driven many Chinese manufacturers to the Indian market, with exports increased more than 1,100 per cent between 2012 and 2016.According to Wang Dong, technical and quality general manager of ZNSHINE Solar, the key for continuous success in the solar power sector lies in manufacturing innovation and technology.Seeding a next generation of technology, identifying promising technology and scaling it up is the essence, he said.
Jointly developed with the University of Science and Technology of China, the company has come up with a series of independently developed graphene-coating photovoltaic modules, which allow light to pass through more easily and thus convert more light to electricity.
Founded in 1988，Znshine Solar now sees its module output of 2 GW each year and completes more than 5GW of power plant construction worldwide so far.As one of the biggest solar farm developers and pv module manufactures, Znshine Solar has been actively expanding market overseas, with pv projects scattered across the globe including Japan, Europe, Middle East and Southeast Asia.
TypeInfo: Company News
Keywords for the information:

Related News

The Evolution of Solar Cells and the Innovation of Rectangular Cell Modules: ZNSHINE SOLAR Leads the Way in High-Efficiency, Cost-Effective Solutions

In recent years, the rapid development of solar photovoltaic (PV) technology has been accompanied by the continuous iteration of solar cell sizes. From the early 156mm era to today’s widespread use of larger 182mm and 210mm cells, each technological advancement has driven improvements in module power and optimization of system costs.
Graphene: A Revolutionary Material Enhancing Solar Efficiency and Durability

Graphene is hailed as the most revolutionary material of the 21st century, earning the title of "king of new materials" due to its exceptional properties. Composed of a single layer of carbon atoms arranged in a honeycomb lattice, graphene exhibits a range of remarkable physical characteristics. It is 100 times stronger than steel and has excellent electrical conductivity, with its carrier mobility at room temperature being approximately 10 times that of silicon. Additionally, graphene boasts outstanding thermal conductivity, with a thermal conductivity coefficient of up to 5300 W/mK, far surpassing most materials. Graphene is also nearly transparent, with an absorption rate of just 2.3% in the optical range. It retains excellent flexibility, allowing it to bend and deform while maintaining its structural integrity. These unique properties make graphene a material of enormous potential across various fields and are widely believed to herald a materials revolution.
Advances in Solar Module Frame Technology: A Comparative Analysis of Materials

When purchasing solar modules, performance and price are the two key factors to consider. The performance of a solar module depends not only on its photovoltaic conversion efficiency but also on the strength and durability of its structure. As a crucial support and protective component, the frame material has a direct impact on the overall performance of the module. Additionally, solar module frames, being high-value auxiliary materials, play a significant role in the module’s total cost structure. For instance, *the commonly used aluminum frame, with its strong mechanical properties, accounts for around 13% of the total module cost—surpassing other auxiliary materials like EVA, glass, backsheets, and solder ribbons—second only to the 55% cost share of the solar cells themselves.
How to Install PV Modules on the Rooftop?

Installing a solar photovoltaic (PV) system on a roof is a crucial process that requires ensuring the system efficiently captures solar energy while maintaining its safety and stability. This article will describe how to use the SRS (Solar Racking System) to install PV modules more securely and efficiently.
Tecnología PERC, cambio en la arquitectura de la célula

Una célula fotovoltaica es algo relativamente sencillo. Un material semiconductor, en el que se ha creado un diodo (se le ha dado polaridad), al que se le pone una capa azul antirreflejante y se conectan unos conductores eléctricos para extraer la electricidad. Digamos que la arquitectura de la célu
Bifacial Technology: how to generate more power

The first bifacial photovoltaic cells were created in the laboratory several decades ago. The first company that commercialized them was the Spanish company Isofoton (1981), based on the studies of Antonio Luque at the Institute of Solar Energy in Madrid.Today’s bifacial solar modules are a simplifi
Double Glass Technology: Harnessing Authentic Advantages for Reliable Power Output

Double glass photovoltaic modules stand out with remarkable advantages in power generation, embodying authenticity in their performance. The transparency and robust UV resistance of glass seamlessly align with the characteristics of double-sided cells, establishing a flawless synergy. When it comes to the module backsheet, the industry widely acknowledges the superiority of glass backsheets. In 2018, Joshua S. Stein from Sandia National Laboratories and Dirk C. Jordan from the National Renewable Energy Laboratory (NREL) conducted an in-depth review of double glass photovoltaic modules, delving into various pertinent issues.
Expanding Global Collaboration | ZNSHINE SOLAR Launches Malaysian Project

Recently, ZNSHINE SOLAR, through its Singapore subsidiary ZNSHINE ENERGY INVESTMENT PTE LTD, officially launched a 549.26 kW solar project in the Bandar Baru Bangi area of Malaysia. This project will provide commercial and industrial rooftop solar support for the Malaysian factory of Japan’s Okumura Metal. Situated near Kuala Lumpur, Malaysia’s capital, the project marks a significant step in ZNSHINE SOLAR's strategic development in Southeast Asia’s green energy market. It also serves the solar rooftop needs of multiple Japanese corporations with overseas factories, demonstrating ZNSHINE SOLAR’s unique advantage in supporting global enterprises in their green transformations.