Solar wafer and module manufacturer ReneSola reported second quarter 2016 results impacted by a module end market demand slowdown in China and high polysilicon prices, while wafer ASPs decline, squeezing revenue and margins.
Leading ‘Silicon Module Super League’ (SMSL) member Trina Solar exceeded PV module shipment guidance in the second quarter of 2016, partially driven by increased shipments to China. China became the largest contributor with external shipments growing 150.1% sequentially and 118.7% year-over-year. Quarterly module shipments were the second highest on record.
Solar Energy Corporation of India (SECI) has awarded 270MW of solar PV capacity in the Indian state of Odisha to three firms, having originally planned 450MW.
Around 75% of all India’s solar capacity additions in the last 12 months have been in southern states, according to the latest industry update from consultancy firm Bridge to India.
‘Silicon Module Super League’ (SMSL) member Canadian Solar has retained both PV module shipment and revenue guidance for 2016, despite fears of overcapacity hitting both third party demand and ASP declines as it plans tight inventory control, curtail capacity expansions and use its downstream PV project development business as its overall buffer.
The European Bank for Reconstruction and development (EBRD) may provide US$26 million debt financing for Indian firm ACME Cleantech to develop a 29MW solar PV project in the Zhambyl region of Southern Kazakhstan.
