Taking a more pessimistic view of the impact of COVID-19 on the end-market demand for solar installations in 2020, IHS Markit expects global installs to decline 16% to 105GW in 2020, compared to around 125GW in 2019.
‘Solar Module Super League’ (SMSL) member, GCL System Integration Technology (GCL-SI) is to build a 60GW solar module megacomplex in Hefei City, China at a cost of approximately US$2.5 billion over a four-year period.
Having already guided expected GAAP net losses of US$145-195 million for 2020, high-performance PV manufacturer, SunPower is planning to make operating cuts to save around US$50 million, due to ongoing impact of COVID-19 and has withdrawn previous financial guidance for the year.
‘Solar Module Super League (SMSL) member, Canadian Solar plans to increase module assembly capacity by 3GW in 2020, giving the company a total nameplate capacity of 16GW, while shipments were guided between a range of 10GW to 12GW for the year.
Major polysilicon and merchant solar cell producer, Tongwei Group is adding 40,000MT of high-purity polysilicon at a cost of around RMB 4 billion (US$563 million), which is to result in its total polysilicon capacity reaching 155,000MT in 2021.
‘Solar Module Super League’ (SMSL) member LONGi Solar has started volume production at its latest 5GW highly automated module assembly plant to produce its HI-MO 1 modules using large area 166mm x 166mm (M6) wafers.
As expected, extension of Chinese New Year due to COVID-19 and restrictions to travelling and manufacturing re-starts had a sizeable impact on PV module exports from China in February, according to the latest official figures.
China-based PV manufacturer Jiangsu Akcome Science & Technology Co is issuing non-public ‘A’ shares to raise capital to invest in a second phase capacity expansion of heterojunction (HJ) solar cell and module production.