‘Silicon Module Super League’ (SMSL) member Hanwha Q CELLS may have reported record PV module shipments and revenue for 2016 but the underlying strategy for 2017 is cash preservation after its gross profit and margins collapsed in the fourth quarter of 2016.
Diversified renewable energy firm Shunfeng International Clean Energy (SFCE) had previously warned that it expected to report a loss in 2016 of around US$133 million (RMB 923 million) due to a catalogue of issues but revised analysis by the company put the figure significantly higher at around US$348 million.
Many key PV manufacturers in Taiwan are still reporting monthly sales in February, 2017 that are well below the levels set in the first half of 2016, due primarily to the expected boom in China’s downstream PV market, which has yet to take hold.
Silicon Module Super League (SMSL) member Canadian Solar exceeded fourth quarter 2016 shipment and full-year guidance, due to strong demand at the end of the year but profitability was impacted by lower ASP’s and revised US anti-dumping and countervailing duties.
China-based integrated PV manufacturer Yingli Green Energy is supplying one of its upstream manufacturing equipment suppliers with its N-type ‘PANDA’ bi-facial modules for a 400kWp ground-mount power plant at Tempress Systems headquarters in the Netherlands.
This week's Movers & Shakers segment sees big waves in Europe with a new president for SolarPower Europe and Lightsource hiring a new strategy officer in its move to evolve from a pure solar company to a global energy leader. There's resignations in some of Asia's biggest module manufacturers including Trina Solar and Yingli Green, and the Coalition for Community Solar Access celebrates its first anniversary and talks to PV Tech on how to keep the community solar boom going.
Struggling integrated PV manufacturer Yingli Green Energy has formed a ‘Special Committee’ of independent directors to find options to repay debts incurred due to partial default on bonds by its subsidiaries in China.
Major Japanese electronics company Panasonic has increased its ‘HIT’ (Heterojunction with Intrinsic Thin layer) solar module product warranty from 15 years to 25 years and applies to all HIT modules installed from 2017.
Several GCL companies are forming a new joint venture (JV) unit to focus on downstream PV power plants that would be involved in the development, investment, construction and sale of projects with an initial investment of around US$290 million.