531 new deal

Major polysilicon producer Wacker Chemie has warned its overall group profitability for 2019 would be around 30% lower than the prior year, due to continued weak demand from the solar industry in China and continued polysilicon prices declines to industry record lows.

China added 11.4GW of solar capacity in the first half of 2019 – less than half the capacity installed a year prior.

In recently released first half 2019 financial guidance, three China-based PV inverter manufacturers, Sungrow, Ginlong and Kehua have mainly guided weaker profits than reported for the prior-year period.

Sungrow, Jinko and Tongwei among the names to be awarded hundreds of MWs of project capacity.

The advisory group AECEA raises expectations on China's full-year deployment to 38-42GW in the wake of huge feed-in tariff awards.

Rush in Asian state could lead to an increase in module prices of 10-15%.

Debt-laden and technically bankrupt PV module manufacturer, Yingli Green Energy has reported a major decline in its PV panel shipments and revenue in 2018, due to the ‘China 531 New Deal’ that impacted demand for its products.

LONGi Green Energy Technology continued to ride the industry wave in the transition to high-performance mono-based products in 2018, with overseas mono-module sales volume of 1,962MW, a year-on-year increase of 370%.

‘Solar Module Super League’ (SMSL) member Risen Energy has recently reported a decline in 2018 annual revenue and net profit, due to the overall decline in PV installations in China, which also led to pricing pressure across its PV module, PV encapsulant and EPC business divisions.

‘Solar Module Super League’ (SMSL) member, GCL System Integration Technology (GCL-SI) doubled overseas PV module shipments in 2018, while seeking a target of shipments outside of China of 80% in 2019, according to its recently published 2018, annual financial report.