Qn-SOLAR Emerges as a Key Player in TOPCon Technology, Reshaping the Photovoltaic Industry Landscape
April 19 , 2024 | 1324
In the thriving development of the photovoltaic (PV) industry, a wave of technological innovation is sweeping through, with companies eagerly vying for future directions and investment opportunities. Once, the rise of monocrystalline technology completely changed the industry landscape, and now, with technology continuously evolving, TOPCon technology is gradually becoming the focus, as companies are beginning to invest in it in hopes of reshaping their leadership position in the PV market. This transformation not only reflects changes in market trends but also demonstrates companies' accurate judgment of future development directions and active involvement.
Over the past two years, several companies have demonstrated strong initiative, increasing investment in technology and expanding production scale, aiming to achieve technological leadership. However, in this process, some projects have been forced to terminate due to unexpected price declines and internal market competition.
Currently, TOPCon technology has essentially established its dominant position. Qn-SOLAR, as a 'dark horse' in the industry, has shown tremendous potential in the TOPCon field. As early as 2014, Qn-SOLAR began EPC projects and wind power projects. Although it has only been involved in the PV manufacturing field for 3 years, Qn-SOLAR's overall shipment volume is on par with leading companies in the industry. In 2023, its module shipment volume exceeded 6GW, and it possesses the strength to compete for the top five in TOPCon cells and modules.
Currently, Qn-SOLAR has established 6 manufacturing bases, with a total planned capacity including 69GW of PV cells and 39GW of PV modules. As of the first quarter of 2024, its N-type capacity has reached 17GW of PV modules and 11GW of PV cells. It is expected that by 2024, Qn-SOLAR's TOPCon PV cell capacity will increase by over 20GW, and the proportion of TOPCon PV module shipments will also reach 80%, ranking among the industry leaders.
Qn-SOLAR performed well in the 2023 bidding of China Tier 1 utility-scale companies, supplying over 1GW of N-type PV modules to State Power Investment Corporation Limited (SPIC), and in early 2024, it secured a large order of 1.1GW TOPCon PV modules from SPIC, which is currently being continuously supplied.
In the ever-evolving photovoltaic industry, as a formidable force, Qn-SOLAR is spearheading advancements in TOPCon technology. With a strategic global footprint and significant partnerships, Qn-SOLAR embodies the essence of industry adaptation and growth. As the solar energy landscape undergoes rapid transformation, Qn-SOLAR's journey from newcomer to industry contender underscores the company's commitment to innovation and its pivotal role in shaping the future of photovoltaics.
