‘Silicon Module Super League’ (SMSL) member GCL System Integrated Technology Co (GCL-SI) is planning to sell up to RMB 1.0 billion (US$144 million) of sales invoices to a third party at a discount to improve its cash flow position.
PV manufacturing capacity expansion announcements in the second quarter of 2018, were slightly higher than the previous quarter, although activity slumped specifically in June, after China’s decision to suddenly cap utility-scale and distributed generation (DG) projects (531 New Deal). But large-scale multi-gigawatt production plans in the first half of the year may have hidden an inevitable slowdown, despite the impact on downstream demand from the 531 New Deal.
‘Silicon Module Super League’ (SMSL) leader JinkoSolar said it had supplied 10MW of its P-type mono PERC ‘Eagle’ modules (JKM295M-60) series for a PV power plant project built by Huaneng Renewables in Inner Mongolia, China.
The Chinese government’s decision (531 New Deal) to curtail utility-scale and distributed generation (DG) PV deployments just after the SNEC trade show at the end of May, not only surprised the industry but has since fuelled a significant ASP decline of modules and inverters.
Ahead of the forthcoming PV ModuleTech 2018 event in Penang, Malaysia on 23-24 October 2018, PV-Tech took the time to catch up with Pepijn Veling of Eternal Sun Group.
‘Silicon Module Super League’ (SMSL) member Hanwha Q CELLS has as expected confirmed it would de-list from NASDAQ as part of its planned acquisition by Hanwha Solar Holdings Co, a subsidiary of Hanwha Chemical Corporation.
Leading PV manufacturing equipment supplier Meyer Burger has announced a new restructuring program, which is intended to bring its breakeven level to around CHF 250 million per annum.
The long-standing CEO of major PV inverter manufacturer SMA Solar Technology, Pierre-Pascal Urbon has suddenly stepped down from his executive role and plans to leave the company altogether at the end of December, 2018.
Renewables firm AC Energy, a wholly owned subsidiary of Philippines-based industrial firm, Ayala Corporation has announced a further 80MW of solar projects in Vietnam, soon after detailing a 300MW pipeline in the country.
China-based polysilicon producer Daqo New Energy Corp said that its polysilicon production costs were targeted to reach US$6.80 per kilogram in 2020, once the capacity expansion to 70,000MT per annum had been completed.
