531 new deal

April 26, 2019
Major polysilicon producer Wacker Chemie has continued to be impacted by record low polysilicon prices, due to overcapacity and weak demand caused by China’s ‘531 New Deal’ and lack of new support policies in China since June, 2018.
April 23, 2019
Duke Energy Renewables has acquired the 150MW North Rosamond solar project in Kern County, California from Clearway Energy Group. The North Rosamond installation stands as Duke Energy Renewables' sixth solar generation facility in Kern County.
April 18, 2019
According to China’s National Renewable Energy Center (NREC), PV installations in the first quarter of 2019, declined by 46%, year-on-year to only 5.2GW.
April 15, 2019
Major China-based polysilicon producer and PV project developer, Xinte Energy Co has issued a profit warning for the first quarter of 2019, due to further polysilicon price declines. Xinte is a subsidiary of TBEA Co.
April 9, 2019
Leading monocrystalline wafer producer and ‘Solar Module Super League’ (SMSL) member LONGi Green Energy Technology experienced a revenue increase of 34.3% on strong global demand for monocrystalline products in the release of its preliminary ‘express’ annual report.
April 8, 2019
PV equipment and technology specialist, Amtech Systems is to sell its solar manufacturing equipment subsidiaries that included Tempress and SoLayTec to focus its semiconductor sector business.
April 4, 2019
Major PV inverter manufacturer and EPC firm, Sungrow Power Supply Co has warned that net profit in the first quarter of 2019 would be lower than expected, due to a significant reduction in new PV grid connections in China.
April 3, 2019
PV inverter manufacturer, Sungrow Power Supply Co had the most incredible revenue generation in the fourth quarter of 2018 that surpasses anything any PV company has ever experienced. The problem of course is why?
April 1, 2019
Diversified renewable energy firm Shunfeng International Clean Energy (SFCE) confirmed full-year 2018 losses of around RMB 1,706.0 million (US$254 million), while shipping a record 3.3GW of solar modules from its two manufacturing operations, Wuxi Suntech and Jiangsu Shunfeng Photovoltaic Technology Company.
April 1, 2019
Leading polysilicon and multicrystalline solar wafer producer, GCL-Poly Energy Holdings has reported a loss of RMB 1,011.4 million (US$150.7 million) for its ‘Solar Material Business’ unit in 2018, citing the demand impact from the China 531 New Deal that led to overcapacity and rapidly falling selling prices.

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