Motech closing 1.1GW cell plant with company-wide job losses of 916

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.

GCL-SI gains access to rivals 3.5GW integrated module production capacity

‘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.

SMA Solar’s sales slide 15% in Q3 on China and US woes

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.

LONGi Green Energy revenue and profits fall in Q3 as ASP declines continue

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.

Solar industry manufacturing capacity expansion plans in Q2 take hit from China

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.