Manufacturing

Polysilicon prices dropped across the board as of 8 May, according to the latest report from metals market research company Shanghai Metals Market.

According to the company’s financial results for last year, 2022 was the first time that LONGi’s yearly revenue surpassed RMB100 billion (US$14.4 billion).

PV module manufacturer Meyer Burger has signed a four-year agreement to supply modules to Ingka Investments, the investment arm of Ingka Group and the largest franchisee of IKEA.

The US Senate has passed a vote to repeal Joe Biden’s two-year waiver on solar import tariffs, a decision which the Solar Energy Industries Association (SEIA) has previously said could result in US$1 billion in retroactive tariffs for the industry and 4GW of project cancellations.

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.