‘Solar Module Super League’ (SMSL) member Trina Solar reported an 18.66% increase in revenue for the first nine months of 2020 compared to the prior year period, setting the company on a path to exceed 2019 financial results in the fourth quarter after several years of annual revenue declines.
Major polysilicon and merchant solar cell producer Tongwei has resumed production at its 20,000MT polysilicon plant in Leshan City, Sichuan province after damage, due to severe flooding in the region forced the plant to close in mid-August, contributing to a spike in polysilicon prices at the time.
US distributed solar and storage firm SunPower has joined the ranks of US installers to bounce back from a COVID hit Q2, while raising its guidance for the full year.
Enphase Energy exceeded its revenue guidance in the third quarter as microinverter shipments rebounded strongly on the back of a “significant” improvement in global demand.
China-based PV backsheet and high-efficiency PV module manufacturer Jolywood (Suzhou) Sunwatt Co (Jolywood) has reported record third quarter 2020 revenue and profits, while exceeding 2019 full-year financial results in the first nine months of 2020 as it continues to execute on high-efficiency n-type TOPCon module shipments to utility-scale PV power plant projects.
Tesla has said its strategy to deliver the lowest-cost solar rooftop installations in the US is paying off after it witnessed a doubling of installs in Q3 2020.
France will guarantee tariff support to 341MW of solar projects following completion of an oversubscribed auction that featured reduced prices compared to previous rounds.
Scatec Solar has raised more than US$500 million in a private placement just days after it announced the US$1 billion acquisition of hydropower firm SN Power.
