Shunfeng’s deal to sell solar manufacturing operations in doubt

Diversified renewables firm Shunfeng International Clean Energy (SFCE) deal with Hong Kong property tycoon, Kin Ming Cheng, a major shareholder in SFCE is in doubt after the date to secure an agreement to purchase most of the manufacturing operations that included Wuxi Suntech has lapsed.

Shunfeng shipped 3.3GW of solar modules in 2018, up 33.4% year-on-year

Diversified renewable energy firm Shunfeng International Clean Energy (SFCE) confirmed full-year 2018 losses of around RMB 1,706.0 million (US$254 million), while shipping a record 3.3GW of solar modules from its two manufacturing operations, Wuxi Suntech and Jiangsu Shunfeng Photovoltaic Technology Company.

Shunfeng’s losses to exceed US$250 million in 2018

Diversified renewable energy firm Shunfeng International Clean Energy (SFCE) expects to report a loss in 2018 of approximately US$254 million, due to PV product ASP declines and impairment charges to its manufacturing operations.

Shunfeng in second attempt to sell solar manufacturing operations

Diversified renewables firm Shunfeng International Clean Energy (SFCE) is trying a second time to sell its solar PV manufacturing operations to major shareholder and Hong Kong property tycoon, Kin Ming Cheng for around RMB4.7 billion (US$684.24 million), compared to US$760 million in mid-2016.

GCL New Energy placed rush module orders with Suntech and Hanwha Q CELLS

China-based PV project developer GCL New Energy (GCL-NE), a subsidiary of leading clean energy conglomerate GCL Group announced that it had purchased PV modules from both Wuxi Suntech and Hanwha Q CELLS in order to meet Chinese FIT construction deadlines, instead of typically using sister company GCL System Integration’s (GCL-SI) PV modules.

Shunfeng to post further losses in 2017

Diversified renewable energy firm Shunfeng International Clean Energy (SFCE) said it would continue to report a net loss for 2017, due to product ASP declines and PV power plant grid curtailments in China.

Top 10 module suppliers in 2017

Following an extensive research process over the past couple of weeks, we can now reveal the top-10 module suppliers (by shipment volumes) for the calendar year 2017.