Last week saw yet another price increase from some of the solar industry’s largest manufacturers, continuing a trend that has placed some of the sector’s largest providers under heightened margin pressure and PV project developers the world over under strain.
Last week was results season for solar manufacturers in China, with much of the industry’s upstream confirming both their annual reports for 2021 and performance in the opening quarter of 2022. PV Tech’s Carrie Xiao discusses some of the key trends emerging from their annual reports.
JinkoSolar has increased its PV manufacturing capacity expansion plans for 2022 once again in spite of margin pressure affecting its bottom line, citing accelerating demand in Europe and beyond.
Indian module manufacturer Waaree Energies has struck a multi-year supply agreement with CubicPV, a merger between US-based wafer producer 1366 Technologies and Hunt Perovskite Technologies (HPT), under which Waaree will receive 1GW of silicon cells per year from CubicPV’s Indian factory.
The May 2022 edition of our downstream solar journal, PV Tech Power, is now available to download, featuring articles surrounding the decarbonisation of solar manufacturing and deployment.
Solar polysilicon and cell manufacturer Tongwei has stated plans to significantly increase its manufacturing capacity over the next four years after confirming a six-fold increase in net profit in Q1 2022.
Indian solar glass manufacturer Borosil Renewables is acquiring European peer the Interfloat Group in a deal it said will enable a more efficient supply of PV glass to customers in Europe.
US perovskite company Tandem PV has closed on the first half of a US$12 million Series A raise after raising US$6 million for building a pilot manufacturing facility in its headquarters of San Jose, California.
As the world leans on solar PV to decarbonise its power supply, so to must the solar industry clean up its act. Jules Scully charts the industry-wide efforts for a greener solar PV industry.
Daqo New Energy recorded a guidance-beating performance in the opening quarter of 2022, cashing in on excess inventory, lower production costs and higher than anticipated average selling prices (ASPs).
