The largest solar cell manufacturer in Taiwan, Motech Industries has added to a major restructuring of the company with the closure of its 1.1GW solar cell manufacturing plant in Taoyuan, southern Taiwan and a 916 reduction in full-time employees by 28 January 2019.
‘Silicon Module Super League’ (SMSL) member GCL System Integrated Technology (GCL-SI) has agreed to take full control of Huajun International Group’s PV manufacturing operations (Huajun Power Technology (Jiangsu) Co), as part of a cooperation framework agreement that would last for three years.
SPONSORED: Chinese manufacturers are forced to expand their market share overseas as a result of the domestic cap on PV deployment. JA Solar reveals how it found success in Japan and how that provides a springboard for further gains in international markets.
‘Silicon Module Super League’ (SMSL) member Canadian Solar has lowered its full-year 2018 revenue guidance for a second time, citing a closer focus on profitability through PV power plant project selection and manufacturing cost and capacity expansion controls.
Major PV inverter manufacturer SMA Solar Technology reported third-quarter 2018 financial results that were largely impacted by cuts in utility-scale and Distributed Generation (DG) deployments in China as the 531 New Deal and US residential issues take hold.
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.
International renewable energy provider GCL New Energy, a subsidiary clean energy conglomerate GCL Group has recently received the first tranche of tariff back payments in China totalling RMB 990 million (US$142.5 million).
Polysilicon producer REC Silicon has been forced to sell solar grade (FBR) polysilicon below cash cost, due to weak demand and ASP declines, driven by demand curtailment in China and continued polysilicon capacity expansions.
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.
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.
In part II of PV Tech’s interview with Vikas Bansal, Head of Business Development - International Solar at Sterling & Wilson Solar, one of the world's largest PV EPC firms, we discuss how installers are having to adapt to new technologies in the realm of PV modules, balance of system, robotics and energy storage.