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.
The European investment market for power generation assets is likely to be severely hit by the continuing impacts of the UK’s Brexit vote, ‘Big Four’ consultancy EY has warned.
‘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.
Lerri Solar, DelSolar, CNPV, Motech and Xian Longi have withdrawn from the EU’s Minimum Import Price (MIP) undertaking and will instead have to service their European customers via manufacturing facilities abroad.
Leading PV manufacturing equipment supplier Meyer Burger Technology has reported strengthening sales, orders and backlog in the first half of 2016, driven by planned capacity expansions from major PV manufacturers across wafer, cell and modules, primarily in Asia.
Integrated PV manufacturer SolarWorld has started using two module assembly subcontractors to boost capacity to meet demand in the US and Europe, according to the company’s first half 2016 financial report.
