Much has been written and voiced over the past couple of months in the PV industry, following the so-called China-531 policy announcement that finally provided a wake-up call to Chinese manufacturers that their domestic end-market was not going to be allowed to maintain its near-exponential growth characteristics.
China-based PV module assembly equipment specialist Yingkou Jinchen Machinery Co reported record second quarter 2018 operating income as key PV manufacturers in China continued to add new module capacity in the first half of 2018, notably through fully-automated solar module assembly lines.
China-based PV module manufacturer Hareon Solar Technology Co, has reported unaudited first half 2018 financial results, highlighting the collapse in the company in 2017, as losses mounted and was forced into major restructuring in 2018.
The first wave of public listed China-based, China centric PV manufacturers reporting first half year financial results offers insight into the impact on companies after the Chinese Government capped utility-scale and distributed generation (DG) PV power plant projects at the end of May, 2018.
‘Silicon Module Super League’ (SMSL) member GCL System Integrated Technology (GCL-SI) reported a significant shift of its sales to outside China in the first half of 2018, accounting for 45.80% of total sales in the reporting period that also helped return the company to profitability.
In the hotly contested Californian residential solar market, new data compiled by ROTH Capital Partners highlights, amongst many data points, that Tesla’s solar panel supply base and suppliers is undergoing a major transition and that it has been changing for several years.
Building product manufacturer and distributor Gibraltar Industries has signed off on a deal to acquire SolarBOS, a California-based, privately-held provider of electrical balance of systems products for the US PV market.
