Topcon Solar Cell Production Capacity and Shipments are Expected to Exceed 517.6 GW and 140 GW Respectively by the End of 2023

SHANGHAI, Apr 24 (SMM) - TOPCon solar cell projects spread across 14 provinces and autonomous regions in China. The country has more than 90 TOPCon solar cell production bases and a planned annual production capacity of more than 894.5 GW in total. The top five regions in terms of planned production capacity are Jiangsu (26.17%), Anhui (21.91%), Zhejiang (14.18%), Sichuan (12.07%), and Inner Mongolia (7.83%). Solar module production capacity across projects in Jiangsu stands at the highest, and in Anhui, the capacity expands the fastest.

About 67 domestic companies are planning to deploy TOPCon solar cell-based production lines, of which about 22 are new players in the solar cell sector. It is expected that about 42 companies will complete their TOPCon solar cell projects and will put them into production successfully this year. Integrated projects will be a trend in the future, and most of them will be equipped with N-type solar module-based production lines. The top five companies in terms of planned capacity overseas are JA Solar (107.3 GW), Jinko Solar (79.6 GW), Jietai (44 GW), Tongwei (40 GW), and Runyang (36 GW). There are 12 companies with a planned capacity of over 30 GW.

In terms of the commissioning progress of TOPCon solar cell projects in 2023, in January, the total annual production capacity was 54.3 GW, and by the end of March, the capacity reached 74.9 GW. Based on the specific data, SMM makes the prediction of the total annual TOPCon solar cell production capacity from April to June this year, which will be 79.7 GW, 114.4 GW and 123.9 GW respectively. In December 2023, with the commissioning of Topcon solar cell projects, the total annual capacity will be 517.6 GW.