The drive by China-based PV panel manufacturers to shift sales overseas after the impact of China's 531 New Deal in 2018 is starting to make a positive impact on companies starting to guide first half year financial results.
The PV industry roadmap - and related metrics of technology and bankability - are now being driven by leading module supplier, JinkoSolar, with others seeking to replicate Jinko’s product line options, trying to differentiate in markets that are receptive to low-cost alternatives, or focusing only on rooftop markets where volumes are lower and sales/distribution efforts are more intensive.
The EU has committed to lending €145 million (US$163 million) and the ICO up to €140 million (US$156 million) to the largest solar project under construction in Europe.
Leading monocrystalline wafer producer, LONGi Green Energy has signed a long-term supply deal with Vietnam-based PV manufacturer Vina Solar valued at approximately US$540 million.
Major PV inverter manufacturer, Sungrow Power Supply Co is preparing for a renewed push in the Indian market having already passed 4GW of deployment in the country.
Polysilicon producer REC Silicon is reducing its workforce at its plant in Moses Lake, Washington, US by approximately 100 employees as the trade war with China continues.
According to the latest ‘Solar EPC and O&M Provider Tracker’ report from IHS Markit, the EPC sector has yet to experience any effective market leaders or consolidation.
Zurich firm cites bleak outlook of global inverter segment as it moves to offload liability-ridden unit to Italian group FIMER, in return for hefty compensation.
