On 29-31 May, CLNB 2024 (the 9th) China International New Energy Industry Expo was held in Suzhou International Expo Centre. The conference focused on new energy industries, raw materials, materials, photovoltaic, energy storage, hydrogen energy, power battery, new energy vehicles, artificial intelligence, battery recycling and other fields to carry out extensive exchanges and display the latest achievements.

As a highlight of the summit, the Photovoltaic Power Generation System Supply Chain Forum attracted a lot of attention. At the forum, Dr. Wanwu Guo, CTO of Jetion Solar, was invited to participate in a high-end dialogue with the theme of ‘Opportunities and Challenges of PV Industry under New Patterns’. In the interview, Dr Guo pointed out that the global PV market demand will continue to grow steadily in 2024, and the annual module demand is expected to reach 492-538 GW, showing the strong momentum of the industry. He emphasised that despite the slowdown in market growth compared to the past, China's position as the world's largest PV market remains strong, with domestic module demand projected at 245-255 GW, marking a 7-11% rise from the previous year and sustaining a colossal market scale.

Delving into recent National Energy Administration data, Dr. Guo highlighted China's impressive PV installation figures: 60.11 GW in the initial four months of 2024, a 24.4% YoY increment, demonstrating resilience despite an April dip. Lower industrial chain costs, while fostering a cautious approach among downstream consumers, have concurrently opened avenues for Chinese modules to enhance their competitiveness overseas, particularly in price-conscious markets, thereby spurring export growth and accelerating renewable energy adoption globally.

Reflecting on two decades of China's PV evolution, Dr. Guo emotionally remarked on the industry's transformation from technological dependence to self-sufficiency across the value chain, culminating in its leadership status. He attributed this meteoric rise to relentless technological innovation and iteration, essential for achieving efficiency leaps and cost reductions. At Jetion Solar, adhering to a 'mass production, development, and reserve' R&D strategy ensures a continuous pipeline of innovations.

Stressing the significance of a cohesive industrial ecosystem for technology upgrades, Dr. Guo emphasized the need for harmonious synergy among upstream and downstream players to facilitate seamless transitions from R&D to mass production. With N-type technology now dominating, Jetion Solar has successfully transitioned from P-type, and he foresees HJT technology as a future frontrunner due to its versatility and competitive edge, especially in light of recent advancements in silver point technology, copper metallization, and thin wafer availability. Despite acknowledging HJT's higher equipment depreciation costs, Dr. Guo called for collective industry efforts to propel module technology towards the 800W+ era, encapsulating the spirit of collaboration and shared progress in PV's ongoing journey towards excellence.

About Jetion Solar

Jetion Solar (China) Co., Ltd. is a world-renowned solar PV manufacturer, which is affiliated to China National Building Materials Group Corporation (CNBM), one of the FORTUNE 500 companies. Jetion Solar provides solar products, solutions and global EPC services to utility, commercial and residential customers all around the world and was rated as “Tier 1” on BloombergNEF Module Maker Tiering System. Currently, Jetion Solar has an annual production capacity of 2 GW of cells, 2.5 GW of modules and has 1 GW PV project development and investment capability.