Leading ‘Solar Module Super League’ (SMSL) member JinkoSolar has reiterated solar module shipment guidance for 2020 to be in the 18-20GW range, while stating that its monocrystalline-based module capacity would reach the 25GW milestone by the end of the year.
The slowdown of the global economy in 2020 is ultimately going to impact the guidance and forecasting offered by all PV manufacturers during the first couple of months of the year, prior to the effects of COVID-19.
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SunPower is planning to make operating cuts to save around US$50 million, due to ongoing impact of COVID-19 and has withdrawn previous financial guidance for the year.
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.
PV Tech is to hold the first ever conference, dedicated specifically to heterojunction (HJT) solar cell technology in manufacturing. The event will occur over two days, on 11-12 June 2020, in St. Petersburg in Russia.
Major polysilicon and merchant solar cell manufacturer, Tongwei Group and subsidiary Tongwei Solar are to significantly increase high-purity polysilicon production and high-efficiency solar cell production over the next five years.
Russia-based high-efficiency heterojunction solar module producer, Hevel had met all of its 2019 production and shipment targets, supported by a number of utility-scale PV power plant projects across Russia and Kazakhstan.
A 105MW (ac) PV power plant using high-efficiency N-type monocrystalline bifacial panels from Jolywood (Taizhou) Solar Technology Co is nearing completion in Oman, the largest to date deploying the panel technology.
Trade body, VDMA has made key updates to the 10th edition of the International Technology Roadmap for Photovoltaics (ITRPV) to incorporate the ongoing and rapidly changing wafer size transition as well as the manufacturing throughput differences in front-end and back-end processes.
China-based polysilicon producer Daqo New Energy Corp has been impacted by weaker than expected financial results for the second quarter of 2019, due to the lack of demand in China and record low polysilicon prices.
Leading PV manufacturing equipment supplier Meyer Burger Technology is seeking a new business model with integrated PV module manufacturer, REC Group to establish revenue share from establishing multiple gigawatts of heterojunction (HJT) solar cell and module production in Singapore.
PV module and major backsheet manufacturer, Jolywood (Suzhou) Sunwatt Co, reported a strong rebound in revenue and profits in the second quarter of 2019, with first half year results tempered by a weak first quarter.