Solar wafer manufacturer Shangji Automation has signed a supply deal worth RMB5.91 billion (US$856 million) and has launched a large-scale fundraising project to accelerate its capacity expansion.
PV balance of system (BOS) solutions provider Shoals Technologies is expected to continue its growth this year thanks to the increased demand for its new products, while its adjusted EBITDA in 2022 increased by more than 47.8% year-on-year, according to the latest financial results.
Solar tracker manufacturer Soltec posted net profits of €13.1 million (US$13.9 million) for the year 2022, a €14 million increase on 2021 which saw a €1.2 million loss for the company.
Husk Power CEO explains how a portfolio of 200 solar mini-grids in India, Tanzania and Nigeria are now investible, unlocking the door to scaling in a sector that is key to national electrification programmes in emerging economies.
JA Solar intends to fund the construction of a major PV manufacturing facility by issuing convertible bonds to raise up to RMB8.96 billion (US$1.3 billion).
During 2022, capex for solar PV manufacturing fabs reached a record high - at more than US$27 billion - with spending dominated by Chinese companies building out new fabs in China and across Southeast Asia.
