Leading Chinese module manufacturer JinkoSolar has published its financial results for the first quarter of 2024, which include over 21GW of shipments and total revenues of RMB23.04 billion (US$3.19 billion), a slight year-on-year (YoY) fall.
Indian solar manufacturer Waaree will expand its ingot, wafer, cell and module production capacity by 6GW following a second round equity funding raise of around INR10 billion (US$121 million).
Prices of all upstream PV products such as silicon wafers and silicon ingots increased recently, but downstream module prices continued to decline and reached new lows.