According to Deutsche Bank’s US market analyst Vishal Shah, strong PV manufacturing capacity expansion growth in the second half of 2016 and 2017 is expected to lead to a global 16% solar module oversupply through the period.
India-based PV module manufacturer Vikram Solar has revealed plans to expand capacity to 2GW by 2019, up from recently completed expansions that have taken nameplate module capacity to 500MW.
JRT Photovoltaics, a subsidiary of the Jonas & Redmann Group has optimized the testing and sorting of solar cells, claiming to significantly reducing the total cost of ownership (COO) with its ‘CTS 3600’ single-track cell tester & sorter
Manufacturing Execution System (MES) software firm camLine has won a bid to supply its software to the planned AVANCIS, 300MW CIGS thin-film production plant in Anhui, China.
PV Tech’s preliminary analysis of global PV manufacturing capacity expansion announcements in July and August, 2016 highlight the industry fears over a new period of overcapacity across the supply chain after explosive growth plans announced in the first half of 2016.
Electronic gases specialist, Linde has established a new R&D facility in Taiwan to better serve the growth in solar cell manufacturing capacity expansions in South East Asia.
CIS thin-film module manufacturer Solar Frontier has signed a Memorandum of Understanding (MO) with Saudi Aramco and the Saudi Arabian National Industrial Cluster Development Program (NICDP) on the feasibility of establishing a thin-film module production plant in Saudi Arabia.
Inverter manufacturer ABB India has opened a solar inverter manufacturing facility in the southern city of Bangalore, which doubles the firm’s capacity in the country.
PV thin-film equipment and module producer Hanergy Thin Film Power Group (Hanergy TF) has claimed to have bounced back from a non-cash loss of around US$1.58 billion in 2015 to a first half 2016 net profit of around US$105.8 million.
Monocrystalline wafer producer Comtec Solar Systems Group has reported first half 2016 financial results that were impacted by a decline in average selling prices (ASP) and lower volume shipments, due to production upgrades and training at its facility in Malaysia.
