Leading polysilicon and multicrystalline wafer producer GCL-Poly Energy Holdings has reported first half 2016 financial results that as expected benefited from the downstream boom in China that kept both polysilicon and wafer prices high.
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.
India is seeking to ensure the quality and reliability of solar PV equipment imported into the country, as per a draft technical regulation released by the Ministry of New and Renewable Energy (MNRE).
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.
Korea-based monocrystalline wafer producer SKC Solmics, a subsidiary of Korea’s third largest chaebol has exited the solar sector with the sale of its production equipment to rival Wongjin Energy.
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.
Solar Energy Corporation of India Limited (SECI) is to introduce a payment security mechanism to support its Viability Gap Funding (VGF) for solar projects.
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.
