Manufacturing

Indian module manufacturer Navitas Green Solutions (Navitas Solar) has raised US$5 million aimed to expand its current solar manufacturing capacity.

German chemical group Wacker Chemie has started the first quarter of 2023 with lower polysilicon sales volume.

Chinese PV manufacturer Risen Energy saw significant profit and revenue growth in 2022 as the company looked to expand its module production capacity and develop new technologies.

French solar company Reden Solar has announced a plan to increase its new solar module production capacity to 200MW a year by 2024.

Thin-film module manufacturer First Solar has reached a module backlog of 71.6GW and sold all its allocated US capacity through 2026.

The Silicon Industry Association has reported that silicon wafer prices have continued to fall due to an oversupply of silicon.

Lower average selling price (ASP) and polysilicon volume sales have dented the revenue of Daqo New Energy in the opening quarter of 2023.

India-based renewables developer Avaada Group has raised US$1 billion from asset owner Brookfield Renewable to fund the growth of its renewable energy platform in India.

Italian utility Enel’s US subsidiary Enel North America has said that Oklahoma is the favourable location for its planned 3GW US cell and module manufacturing facility.

TCL Zhonghuan has made a series of announcements recently, including investing in a 25GW N-type TOPCon project, initiating a share buyback and releasing its operating data in the first quarter of the year, which reflected its new direction in the industry and confidence in high quality development.