Chinese module manufacturer ReneSola has turned down offers from China and India citing low profitability, it has emerged.
In its Q2 2014 results conference call yesterday, CEO Xianshou Li said the company was not interested in simply shipping as many modules as possible.
Unlock unlimited access for 12 whole months of distinctive global analysis
Photovoltaics International is now included.
- Regular insight and analysis of the industry’s biggest developments
- In-depth interviews with the industry’s leading figures
- Unlimited digital access to the PV Tech Power journal catalogue
- Unlimited digital access to the Photovoltaics International journal catalogue
- Access to more than 1,000 technical papers
- Discounts on Solar Media’s portfolio of events, in-person and virtual
Or continue reading this article for free
Speaking through IR director Laura Chen, Li said: “We don't really now focus too much on the quantity, the total shipments for a full year. Rather, we would focus on the profitability.
“We have refused to take some orders with very low ASP and low profitability; for example, the orders from
The company’s geographic spread of business in the second quarter was 40% in Europe, 20-25% in
The tactic highlights one problem with
The company said it was assessing its OEM and cell manufacturing capabilities to adjust for the new trade duties. It also revealed plans to increase its monthly output for the
“For the
“We've been looking at different parts of the world, looking to expand this cell capacity, but in the meantime really this
Lee also said the company had been building up inventory in
This article uses excerpts from Seeking Alpha's transcript.