‘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.
Leading PV manufacturing equipment supplier Meyer Burger reported a significant increase in revenue in 2016, due to the start of major technology upgrade and capacity expansion cycle by PV manufacturers primarily in the ingot/wafer and solar cell upstream segments.
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.
Specialist PV manufacturing equipment supplier RENA Technologies has secured several major orders from Asia-based PV cell manufacturers for its alkaline texturing and junction isolation tools in the first quarter of 2017.
Leading PV manufacturing equipment and technology supplier Meyer Burger has recently announced a swathe of new orders that encompass diamond wire saw equipment, PERC upgrade technology and Heterojunction (HJT) cell technology.
DuPont Photovoltaic Solutions is a well-known supplier of specialty materials to the solar energy industry, especially with its ‘Solamet’ photovoltaic metallization pastes that improve cell efficiencies and the ‘Tedlar’ PVF film-based backsheet materials for modules.
US-Based wafer producer 1366 Technologies and ‘Silicon Module Super League’ (SMSL) member Hanwha Q CELLS have jointly achieved cell conversion efficiencies of 19.9%, up from 19.6% announced in December, 2016.