LONGi Solar has warned of reduced profits after Yunnan Province, where a significant portion of its manufacturing output resides, cancelled a previously-struck power pricing agreement.
Risen Energy has launched a range of new heterojunction (HJT) and building-integrated photovoltaic (BIPV) modules that are said to boast a reduction in carbon use and improved power generation performance compared with previous products.
US solar manufacturers can compete with Chinese companies for US PV projects given additional import costs and modules making up less than half a project's costs, while also ensuring a secure supply to the US market, lowering the carbon intensity of products and exploiting strong market demand, says Michael Parr, executive director of the Ultra-Low Carbon Solar Alliance (ULCSA).
Major polysilicon and merchant cell producer Tongwei Group is to invest in an additional 32GW of solar cell capacity through a RMB12 billion (US$1.9 billion) investment in partnership with the government of Meishan City, in Sichuan Province, China.
Enel Green Power (EGP) has signed a grant agreement with the European Commission for a 3GW PV module plant in Catania, Italy, with an R&D commitment to pursue tandem cell production in the coming years.
US residential solar installer SunPower is in late-stage discussions with US thin film manufacturer First Solar to develop the “world’s most advanced residential solar panel”, its CEO Peter Faricy revealed during an analyst day presentation that also set out the company’s new strategy.
First Solar has locked in steel supplies for solar modules made at its under-development manufacturing facility in Ohio, by signing a supply agreement with local provider Ice Industries.
Pressure is mounting on the policymakers in the US to push through incentives to stimulate domestic clean energy manufacturing in the country after a turbulent week for US solar.
Solar manufacturer Tongwei is forecasting for a six-fold increase in net profit for Q1 2022, highlighting the impact pricing spikes are having on upstream manufacturer fortunes.
Buy aluminium and steel when possible in order to accumulate stock and hedge against continued price rises for both. While the price of nickel has undergone a “short squeeze”, copper is likely to continue trading sideways in the near term and there is no immediate risk to silver supply.
