Leading monocrystalline wafer producer and ‘Silicon Module Super League’ (SMSL) member LONGi Green Energy Technology increased revenue by 35.26% in the first nine months of 2018, yet third quarter revenue and profits were significantly lower than the previous quarter, due to ASP declines across wafers and modules.
‘Silicon Module Super League’ (SMSL) member LONGi Solar, a subsidiary of leading monocrystalline wafer producer LONGi Green Energy Technology Co is to offer its first AC module to the US market in the fourth quarter of 2018.
Leading ‘Silicon Module Super League’ (SMSL) member JinkoSolar has acknowledged its recognition as a ‘Top Performer’ in DNV GL's 2018 PV Module Reliability Scorecard results, which were announced at SNEC in China in May.
‘Silicon Module Super League’ (SMSL) member GCL System Integrated Technology Co (GCL-SI) is planning to sell up to RMB 1.0 billion (US$144 million) of sales invoices to a third party at a discount to improve its cash flow position.
PV manufacturing capacity expansion announcements in the second quarter of 2018, were slightly higher than the previous quarter, although activity slumped specifically in June, after China’s decision to suddenly cap utility-scale and distributed generation (DG) projects (531 New Deal). But large-scale multi-gigawatt production plans in the first half of the year may have hidden an inevitable slowdown, despite the impact on downstream demand from the 531 New Deal.
‘Silicon Module Super League’ (SMSL) leader JinkoSolar said it had supplied 10MW of its P-type mono PERC ‘Eagle’ modules (JKM295M-60) series for a PV power plant project built by Huaneng Renewables in Inner Mongolia, China.
The Chinese government’s decision (531 New Deal) to curtail utility-scale and distributed generation (DG) PV deployments just after the SNEC trade show at the end of May, not only surprised the industry but has since fuelled a significant ASP decline of modules and inverters.
Ahead of the forthcoming PV ModuleTech 2018 event in Penang, Malaysia on 23-24 October 2018, PV-Tech took the time to catch up with Pepijn Veling of Eternal Sun Group.
