financial results

Chinese solar manufacturer Tongwei has planned to invest RMB20 billion (US$2.7 billion) in its Leshan project, in the Chinese province of Sichuan, to expand ingot pulling, slicing and cell production capacity, so as to accelerate the establishment of “China’s Green Silicon Valley”.

Solar Module Super League (SMSL) member Canadian Solar has lowered its 2023 revenue guidance primarily due to rapid decline in solar module prices in Q2.

ReNew Energy Global has published results for the first quarter of its 2024 financial year, which include profits of US$36 million.

Meyer Burger has published its financial results for H1 2023, reporting strong production figures, but losses of US$49.4 million

Total module shipments were up 36.2%, from 13GW in Q1, and n-type shipments rose 74.1%, up from just under 6GW.

Solar module manufacturer Maxeon Solar Technologies has posted a slightly dropped financial performance as its adjusted EBITDA for the second quarter of 2023 decreased by 2.4% to US$30.2 million.

Array Technologies has published its financial results for the second quarter of this year, which include a revenue of US$507.7 million.

Renewables asset owner Brookfield Renewable is planning to commission at least 18GW of clean energy projects in the next three years.

AES has posted net losses of US$19 million in Q2 2023, alongside a US$59 million loss EBITDA compared to Q1 2023.

The continued decrease in polysilicon prices has halved Daqo New Energy's revenues during the second quarter of 2023.