Leading monocrystalline wafer producer and ‘Solar Module Super League’ (SMSL) member, LONGi Green Energy has defied the downward pricing pressure on its core wafer business and weak global demand, driven by the impact of COVID-19 on the solar industry supply chain to report record revenue, profit, and module shipments in the first half of 2020.
‘Solar Module Super League’ (SMSL) member Trina Solar has reported its first financial results since delisting from the New York Stock Exchange (NYSE) almost four years ago, starting with record first half year PV module shipments of 5,840MW, a 37% increase of the prior year period.
Major polysilicon and solar wafer producer GCL-Poly has warned investors that it expects to make a net loss of at least RMB1.5 billion (US$217 million) for the first half of 2020 as market demand and other issues impacted profitability.
China-based PV module manufacturer ZNShine Solar plans to more than double its manufacturing capacity by 10GW over the next two years, focusing on large-area, high-efficiency modules to improve its competitive position.
‘Solar Module Super League’ (SMSL) member Trina Solar is planning its first major solar cell manufacturing expansion in recent years, driven by its migration to large-area PV modules using the 210mm wafer size as it ramps production of its high-performance mainstream ‘Vertex’ Series modules in 2021 onwards.
Major polysilicon producer Daqo New Energy expects polysilicon demand to outstrip supply for at least the next 18 months, due to the lack of new polysilicon capacity and strong demand as a growing number of ‘Solar Module Super League’ (SMSL) members continue to add in-house monocrystalline ingot and wafer production.
The announcement from Tongwei on 10 August disclosing new cell price rises was a surprise for the whole PV industry. Compared to its previous quote on 24 July, the price of poly cells rose by another 6 USD cents/W, with a further increase of 8 cents/W for 156.75mm, 158.75mm and 166mm mono cells.
Major polysilicon producer Wacker Chemie has reported polysilicon sales of €152.5 million in the second quarter of 2020, a new low, due to weak demand and lower utilisation rates, resulting in losses of €35 million for its polysilicon division.
Since its founding in 2010, inverter manufacturer Growatt has been on an international trail that has seen it establish branches in 14 countries and regions including Germany, the US, the UK, Australia, Thailand, India and the Netherlands to serve global customers. Its overseas markets accounted for between 60 – 70% of its total business last year. PV Tech sits down with Growatt’s Lisa Zhang about the firm’s strategy behind its new factory location, and more
