China-based integrated monocrystalline PV manufacturer Solargiga Energy has warned that despite a 37% increase in total revenue for 2020, supply chain issues led to expected losses of around RMB215 million (US$33 million) for the year.
PV Tech has been covering analysis of R&D expenditures of PV manufacturers for over a decade. This blog anticipates some of the key trends set to be fully revealed in the forthcoming edition of technical journal Photovoltaics International.
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.
The first wave of public listed China-based, China centric PV manufacturers reporting first half year financial results offers insight into the impact on companies after the Chinese Government capped utility-scale and distributed generation (DG) PV power plant projects at the end of May, 2018.
China-based integrated monocrystalline PV manufacturer Solargiga Energy Holdings said it would expand module assembly capacity by 1GW at its existing manufacturing facilities at a cost of RMB160 million (US$25.2 million).
China-based integrated monocrystalline PV manufacturer Solargiga Energy Holdings' sales have rebounded in the first half of 2017, fuelled by demand in China for high-efficiency wafers including N-type wafers for ‘Top Runner’ PV power plant projects.