China Solar PV News Snippets
Latest Monocrystalline Wafer Prices From TCL Zhonghuan & More From TW Solar, JinkoSolar, Leascend, CR Power, Safety Wire Rope
Wednesday, 23 Aug 2023
TCL Zhonghuan releases updated price list; TW Solar to launch 2 new modules at Intersolar South America; JinkoSolar delivers 1.1 MWh BESS to Djibouti; Leascend’s HJT fab rolls out 1st cell; China Resources Power Holdings net profit up 54.2% YoY.
India’s ReNew Energy Returns To Profitability
ReNew Commissions 4 GW Solar Module Production Plant In Jaipur; Reiterates Annual Guidance
Wednesday, 23 Aug 2023
Nasdaq-listed Indian renewable energy company ReNew Energy Global has announced the full commissioning of its 4 GW solar module manufacturing plant in Jaipur that produces 2 GW AC modules, in a move that helps it secure modules for the growing project pipeline.
CSIQ Meets Q2/2023 Shipment & Revenue Guidance
Canadian Solar Adjusts Manufacturing Expansion Plans; Aims For 80 GW Module Capacity By December 2024
Tuesday, 22 Aug 2023
Canada-headquartered solar PV manufacturer Canadian Solar managed to meet its Q2/2023 revenue guidance, reaching the lower end with $2.4 billion, thanks to a 62% increase in solar module shipments to 8.2 GW.
China Solar PV News Snippets
Arctech Signs Uzbekistan Tracker Supply Deal & More From TBEA, Jiezao, DMEGC, Sunwell New Energy
Thursday, 17 Aug 2023
Arctech strikes another supply deal in Uzbekistan; TBEA operating income and net profit up YoY for H1 2023; Jiezao Technology commences construction on HJT cell production line; DMEGC reports positive results for H1 2023; Sunwell New Energy signs supply contract.
Meyer Burger Produced 302 MW Modules In H1/2023
85 GW Chinese Module Capacity In Europe Forced Manufacturer To Slash Prices; Eyes US Expansion
Thursday, 17 Aug 2023
With 85 GW worth of cost-competitive Chinese solar modules flooding European markets in H1/2023 and ‘lack of fair market conditions for European manufacturers in Europe’, Meyer Burger Technology AG said it was forced to reduce prices for its Euro.
China Solar PV News Snippets
GCL System Integration H1 2023 Net Almost Triple YoY & More from Hunan Yujing Machinery, SC-Solar, National Bureau Of Statistics Of China
Wednesday, 16 Aug 2023
GCL System Integration doubles operating income YoY in H1 2023; Hunan Yujing Machinery reports 72% increase in H1 2023 net profits; SC-SOLAR signs RMB 358 million sales contract; July solar power generation up in China.
JinkoSolar Shipped 17.7 GW PV Modules In Q2/2023
Chinese Solar Company Raises 2023 Shipment Guidance Anticipating Stimulation Of Pent-Up Demand
Wednesday, 16 Aug 2023
Touting orderbook visibility of about 80% for 2023, led by overseas orders, leading Chinese solar PV manufacturer JinkoSolar Holding has raised its annual shipment guidance for modules to 70 GW and 75 GW, after having shipped 17.7 GW in Q2/2023, reflecting a sequential increase of 36.2%.
Singapore Company’s Q2/2023 Revenues Grew 46% YoY
Citing Challenging Market Conditions, Maxeon Solar Technologies Lowers Annual Guidance
Friday, 11 Aug 2023
Solar panel manufacturer Maxeon Solar Technologies grew its annual revenues in Q2/2023 by 46%; however, citing softening of residential demand and challenging market conditions that it expects to persist through the end of this year, the management has lowered its 2023 annual guidance.
Home Solutions Lead Business For SMA Solar
German Solar Inverter Company’s H1/2023 Revenues Grew By 65%; Reiterates Annual Guidance
Thursday, 10 Aug 2023
Improved supply situation and strong demand for its products led SMA Solar Technology to sell 7.213 GW worth of solar inverters in H1/2023, up from 5.75 GW in the previous year.
FTC Solar Misses Q2/2023 Revenue Guidance
Project Delay Challenges Slow Down US Tracker Maker’s Growth Even As Project Backlog Swells
Thursday, 10 Aug 2023
Solar tracker manufacturer FTC Solar in the US missed its Q2/2023 revenue guidance due to project delays on the part of developers that prefer to wait for clarity on the Inflation Reduction Act (IRA).
China Solar PV News Snippets
Sungrow Forecasts H1 2023 Net Profits To Zoom 400% YoY & More From Maxwell Technologies, Chaojing New Energy, Gaoce Technology
Wednesday, 09 Aug 2023
Sungrow expects close to 400% increase in net profit in H1 2023; Maxwell’s new TCO deposition process for low-indium HJT cells; Chaojing New Energy to build manufacturing facility in Sichuan; Gaoce reports high profit boost.
Strong Q2/2023 Financial Results For Array
Array Delivers 21% Annual Revenue Growth As Executed Contracts & Awarded Orders Increase To $1.7 Billion
Wednesday, 09 Aug 2023
US solar tracker manufacturer Array Technologies exited Q2/2023 with strong financials, having grown its revenues by 21% annually to $507.7 million, thanks to a 124% YoY improvement in the STI segment.
Aiko Solar Sold 18.7 GW Cells & Modules In H1/2023
Chinese Solar PV Manufacturer Meets Sales Guidance; Claims Sufficient Orders For ABC Modules
Monday, 07 Aug 2023
Aiko Solar, the Chinese solar cell and module supplier, exited H1/2023 with a 3.09% annual increase in its operating income of RMB 1.64 billion, having sold 18.7 GW of solar cells and modules during the period, the company shared in its unaudited interim results.
Sunrun Installed 297 MW New Solar In Q2/2023
‘Robust’ Sales Growth Outside California Prompts Sunrun To Stay Put With Annual Guidance
Monday, 07 Aug 2023
Leading US residential solar and storage system installer Sunrun added 39,755 new customers in Q2/2023, taking its cumulative count to 869,464, growing 20% annually even as sales within California, the largest residential solar market in the US, were down for the company.
Low Polysilicon Prices Impact Daqo’s Q2/2023 Results
Aggressive Pricing Due To Oversupply Pulled Down Solar Silicon Producer’s Revenues; Annual Guidance Maintained
Friday, 04 Aug 2023
Chinese polysilicon producer Daqo New Energy says oversupply and excess industry inventory led to delays and reductions of orders from its downstream customers that pulled down its Q2/2023 revenues by 10% sequentially and 49% annually to $636.7 milli.
Strong Financials For Shoals In Q2/2023
62% Annual Revenue Jump & 67% Growth In Backlog For US EBOS Supplier Thanks To Blattner Deal
Thursday, 03 Aug 2023
US based electrical balance of systems (EBOS) solutions firm Shoals Technologies Group reported healthy financial results in Q2/2023 with 62% annual increase in revenues of $119.2 million.
SolarEdge Reports Record Revenues For Q2/2023
Solar Inverter Maker Shipped 4.3 GW, Meets Guidance; Offers Cautious Q3/2023 Forecast
Wednesday, 02 Aug 2023
Israel based SolarEdge Technologies reported record revenues of $991.3 million for Q2/2023, with its solar segment contributing $947.4 million, within the guided range.
SunPower Reports -$30 Million GAAP Net Loss
Higher Interest Rates Pull Down Q2/2023 Demand For SunPower’s Residential Solar Business
Wednesday, 02 Aug 2023
US residential solar power company SunPower Corporation exited Q2/2023 with a GAAP net loss of -$30 million thanks to higher interest rates, even as its annual revenues improved 11%.
AGEL’s Q1 FY 2024 Financials Improve YoY
With Over 2.5 GW AC Capacity Energized, Adani Green Grows Operational Portfolio To 8.3 GW AC
Tuesday, 01 Aug 2023
Adani Group’s renewable energy arm Adani Green Energy Ltd (AGEL) grew its operational capacity during Q1/FY2024 (period ending June 30, 2023) by 43% annually to over 8.3 GW AC, including 4.97 GW AC solar whose share increased by 4% during the perio.
NextEra Expanding Renewable Energy Portfolio
US Energy Group Counts Around 250 GW Renewable & Storage Projects In Pipeline
Tuesday, 01 Aug 2023
With a 29 GW operational renewables portfolio, NextEra Energy, Inc of the US counts its total renewables and storage projects pipeline now adding up to roughly 250 GW, with subsidiary NextEra Energy Resources accounting for some 20 GW in its backlog.
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