Data from the Silicon Industry Branch published this week (8 May) indicated that Chinese PV wafer prices have been under downward pressure and witnessed a significant decline, with the maximum drop reaching 13.85%.
Four leading Chinese PV companies, JinkoSolar, LONGi Green, JA Solar and Trina Solar, recently released their financial reports for Q1 of 2025, all with a decrease in their revenue.
The global solar market will continue to slow in 2025 after 2024 saw the total capacity growth rate decrease by over 50%, according to a report from SolarPower Europe (SPE).
CSI Solar, the PV manufacturing subsidiary of Canadian Solar, has posted massively decreased profits in Q1 2025 amid what it described as “high trade barriers” and “severe supply-demand imbalances”.
