Jinko Solar has posted an improved financial result for the first quarter of 2023, as its net income attributable to ordinary shareholders increased by 18.6% quarter-on-quarter.
Solar manufacturer LONGi Green Energy Technology (LONGi) has announced an RMB45.2 billion (US$6.7 billion) plan to build a production base in China capable of manufacturing 100GW of solar wafers and 50GW of solar cells each year.
PV project developer and EPC firm SPI Energy has signed a letter of intent to secure 1.5GW of solar wafer manufacturing equipment for a US production facility.
Leading solar manufacturer LONGi has revealed it expects to finish 2022 with solar wafer, cell and module manufacturing capacity of 150GW, 60GW and 85GW respectively.
LONGi has raised its wafer prices for a second time in just over a month as hopes of falling costs fade and China shuts down for a week for its annual Luna New Year holiday.
Average market prices for 182mm solar wafers fell by nearly 7% this week, falling to levels not seen in almost two months, however other material and component costs have remained high.
Solar manufacturing leader LONGi Solar has signed a two-year wafer supply deal with Chinese PV manufacturer DAS Solar which could be worth up to US$1.1 billion.