Having turned and continue to remain cautious about its business outlook for the second-half of 2017, JA Solar reported second quarter results that simply defied previous guidance, driven by greater than expected demand in China and a start of a rush to stockpile in the US.
According to independent solar industry advisory firm AECEA, China has already exceeded its 13th Five-Year-Plan (2016-2020) target of 105GW by installing around 10.52GW of solar in July, after record first half 2017 installations of 24.4GW.
China-based independent PV power producer GCL New Energy Holdings (GCLNE) has reported preliminary first half year 2017 results, which included cumulative installed PV power plant capacity surpassing 5GW for the first time.
Leading up to the PV ModuleTech 2017 conference, less than 3 months away (Kuala Lumpur, 7-8 November 2017), this blog series explains why this dedicated two-day industry event has the potential to provide some key answers for EPCs, developers and asset owners, in terms of understanding the key metrics that underpin solar modules going forward, ultimately mitigating risks during site design and build-out, while optimizing overall return-on-investment for more than 20 years in the field.
READ PART ONE HERE
The solar industry is set to reach annual demand at the 100GW level much earlier than has been forecast by both third-party observers and the leading component suppliers. During 2018, the solar industry is shaping up to ship more than 100GW of solar modules during the calendar year, while 2017 alone will see the number exceed 90GW comfortably.
Taiwan-based merchant solar cell and module producer Neo Solar Power (NSP) continued its solarcoaster ride that has lasted almost a year with revenue in July, 2017 sliding 26% from the previous quarter, which was the best it had achieved in 2017.
‘Silicon Module Super League’ (SMSL) member Canadian Solar reported record PV module shipments in the second quarter of 2017, while reiterating total module shipments in 2017 would be in the range of 6.0GW to 6.5GW.
Taiwan-based cell and module producer Neo Solar Power (NSP) said its downstream PV project developer arm, Clean Focus Yield (CFY), had completed the development of its Greenskies project, a portfolio of 225MW commercial and industrial solar projects in the US.
Leading CdTe thin-film module manufacturer First Solar has secured a 241MW module supply contract with Australian EPC firm, RCR Tomlinson. The latest contract is for two major PV power plant projects, bringing its contracted business in the country to over 500MW in the next 12 months.
International solar PV systems integrator Phoenix Solar said that it was forced to lower its full-year revenue guidance, due to delays in securing previously expected PV power plant projects for completion in 2017. However, its project pipeline hit a new record.