LONGi Green Energy Technology continued to ride the industry wave in the transition to high-performance mono-based products in 2018, with overseas mono-module sales volume of 1,962MW, a year-on-year increase of 370%.
Leading ‘Solar Module Super League’ (SMSL) member, JinkoSolar has secured new solar panel orders totalling 10.7GW in the first four months of 2019, setting a company and industry record.
‘Solar Module Super League’ (SMSL) member Risen Energy has recently reported a decline in 2018 annual revenue and net profit, due to the overall decline in PV installations in China, which also led to pricing pressure across its PV module, PV encapsulant and EPC business divisions.
‘Solar Module Super League’ (SMSL) member, GCL System Integration Technology (GCL-SI) doubled overseas PV module shipments in 2018, while seeking a target of shipments outside of China of 80% in 2019, according to its recently published 2018, annual financial report.
Major polysilicon producer Wacker Chemie has continued to be impacted by record low polysilicon prices, due to overcapacity and weak demand caused by China’s ‘531 New Deal’ and lack of new support policies in China since June, 2018.
Tesla’s energy generation and storage business revenue declined further in the first quarter of 2019, with solar rooftop deployments hitting a new low of 47MW, a 36% quarter-on-quarter decline. In response, Tesla will be offering new customers in the US a US$99 upfront deposit before installing a solar system.
According to China’s National Renewable Energy Center (NREC), PV installations in the first quarter of 2019, declined by 46%, year-on-year to only 5.2GW.
Leading monocrystalline wafer producer and ‘Solar Module Super League’ (SMSL) member LONGi Green Energy Technology is planning to invest around US$875.7 million in expanding its Czochralski-based monocrystalline silicon (mono-Si) ingot and wafer capacity by 15GW, while expanding mono-Si solar cell capacity by an initial 3GW in 2020.
