LONGi Solar recorded a 21% leap in net profit in the first half of the year despite what it described as a “moderate” adjustment to capacity utilisation rates in the wake of market demand.
US solar companies have called upon the Biden administration to excise caution as a number of trade barriers risk threatening the supply of solar modules to the country just as deployment is set to accelerate.
LONGi has increased its wafer prices for the first time in nearly two months with the industry braced for continued high prices throughout the rest of the year.
It may be the height of summer but there’s no respite for the Solar Media Podcast, the new episode of which is packed full of insight as the US begins its clampdown on solar imports.
Canadian Solar has tweaked its planned capacity expansions for this year, stripping back module assembly capacity expansion to instead produce more solar wafers and cells as the industry continues to recalibrate following months of supply chain volatility.
Canadian Solar reported record quarterly revenue in Q2 2021, buoyed by a return to profit from its manufacturing division, but reduced its total shipment guidance for the year amidst continued industry headwinds.
Polysilicon manufacturer Xinte Energy has raised RMB2.3 billion (US$355.9 million) from its owner TBEA in order to fund its target polysilicon capacity of 100,000 metric tonnes (MT)
China could install up to 65GW of solar this year, driven largely by a surge in demand for distributed solar installations, while average solar deployment could reach 90GW per year in the years leading up to 2025.
