The drive by China-based PV panel manufacturers to shift sales overseas after the impact of China's 531 New Deal in 2018 is starting to make a positive impact on companies starting to guide first half year financial results.
Scatec Solar and its partners have grid connected its third solar power plant in Malaysia, the 66 MW Merchang plant. Scatec now boasts a 197MW PV pipeline within the country.
Leading monocrystalline wafer producer, LONGi Green Energy has signed a long-term supply deal with Vietnam-based PV manufacturer Vina Solar valued at approximately US$540 million.
Major PV inverter manufacturer, Sungrow Power Supply Co is preparing for a renewed push in the Indian market having already passed 4GW of deployment in the country.
‘Solar Module Super League’ (SMSL) member, JA Solar is supplying its high-efficiency bifacial PERC modules for two 2.4MW PV projects in South Korea, the largest projects so far to use the technology in the country.
Polysilicon producer REC Silicon is reducing its workforce at its plant in Moses Lake, Washington, US by approximately 100 employees as the trade war with China continues.
