Debt-laden and technically bankrupt PV module manufacturer, Yingli Green Energy has reported a major decline in its PV panel shipments and revenue in 2018, due to the ‘China 531 New Deal’ that impacted demand for its products.
LONGi Green Energy Technology continued to ride the industry wave in the transition to high-performance mono-based products in 2018, with overseas mono-module sales volume of 1,962MW, a year-on-year increase of 370%.
‘Solar Module Super League’ (SMSL) member Risen Energy has recently reported a decline in 2018 annual revenue and net profit, due to the overall decline in PV installations in China, which also led to pricing pressure across its PV module, PV encapsulant and EPC business divisions.
‘Solar Module Super League’ (SMSL) member, GCL System Integration Technology (GCL-SI) doubled overseas PV module shipments in 2018, while seeking a target of shipments outside of China of 80% in 2019, according to its recently published 2018, annual financial report.
Major polysilicon producer Wacker Chemie has continued to be impacted by record low polysilicon prices, due to overcapacity and weak demand caused by China’s ‘531 New Deal’ and lack of new support policies in China since June, 2018.
Duke Energy Renewables has acquired the 150MW North Rosamond solar project in Kern County, California from Clearway Energy Group. The North Rosamond installation stands as Duke Energy Renewables' sixth solar generation facility in Kern County.
Major China-based polysilicon producer and PV project developer, Xinte Energy Co has issued a profit warning for the first quarter of 2019, due to further polysilicon price declines. Xinte is a subsidiary of TBEA Co.
Leading monocrystalline wafer producer and ‘Solar Module Super League’ (SMSL) member LONGi Green Energy Technology experienced a revenue increase of 34.3% on strong global demand for monocrystalline products in the release of its preliminary ‘express’ annual report.
Major PV inverter manufacturer and EPC firm, Sungrow Power Supply Co has warned that net profit in the first quarter of 2019 would be lower than expected, due to a significant reduction in new PV grid connections in China.
PV inverter manufacturer, Sungrow Power Supply Co had the most incredible revenue generation in the fourth quarter of 2018 that surpasses anything any PV company has ever experienced. The problem of course is why?
Diversified renewable energy firm Shunfeng International Clean Energy (SFCE) confirmed full-year 2018 losses of around RMB 1,706.0 million (US$254 million), while shipping a record 3.3GW of solar modules from its two manufacturing operations, Wuxi Suntech and Jiangsu Shunfeng Photovoltaic Technology Company.
Leading polysilicon and multicrystalline solar wafer producer, GCL-Poly Energy Holdings has reported a loss of RMB 1,011.4 million (US$150.7 million) for its ‘Solar Material Business’ unit in 2018, citing the demand impact from the China 531 New Deal that led to overcapacity and rapidly falling selling prices.