Indian corporates are taking a significant share of the domestic solar PV market with Indian conglomerate Adani taking top spot in terms of capacity additions in the last year, according to consultancy firm Bridge to India.
The hardest and most ‘controversial’ aspect of analyzing capacity expansion announcements is converting them to actual or ‘effective’ new nameplate capacity.
Manufacturing Execution System (MES) software firm camLine has won a bid to supply its software to the planned AVANCIS, 300MW CIGS thin-film production plant in Anhui, China.
United PV and the United Nations Development Programme (UNDP) have partnered to jointly launch the “Panda Solar Power Plant”, which promotes both youth engagement and sustainable development in China.
PV Tech’s preliminary analysis of global PV manufacturing capacity expansion announcements in July and August, 2016 highlight the industry fears over a new period of overcapacity across the supply chain after explosive growth plans announced in the first half of 2016.
CIS thin-film module manufacturer Solar Frontier has signed a Memorandum of Understanding (MO) with Saudi Aramco and the Saudi Arabian National Industrial Cluster Development Program (NICDP) on the feasibility of establishing a thin-film module production plant in Saudi Arabia.
PV thin-film equipment and module producer Hanergy Thin Film Power Group (Hanergy TF) has claimed to have bounced back from a non-cash loss of around US$1.58 billion in 2015 to a first half 2016 net profit of around US$105.8 million.
PV and electronics equipment manufacturing and automation specialist Manz AG has reported continued demand for automation system in China for solar manufacturing applications that have generated €17.5 million in first half year revenue, up 66.7% from the prior year period.
Leading CdTe thin-film producer First Solar is undergoing a mid-year restructuring that includes cost cutting activities that should generate a US$2 billion balance sheet cushion against changing solar business dynamics and a looming revenue and shipment hole facing the company in 2017.
With First Solar’s revenue and shipment guidance unchanged and basically locked-in for 2016, despite solar industry dynamics becoming increasingly fluid, filling demand for 3GW of thin-film module capacity in 2017 has become a priority for management as a rather large hole in bookings is proving difficult to fill.
