Global Fixed Axis Solar Costs Go Up 14% YoY
BloombergNEF: Rising Inflation Takes Renewable Energy LCOE Benchmark Back To 2019 Levels
While renewables get a renewed push post COVID-19 and through the Russian war against Ukraine, supply chain challenges and rising costs have pushed up the cost of new-build fixed axis solar by 14% YoY, said Bloomberg New Energy Finance (BNEF) that wo.
Steel Fab Reopens In US For Nextracker
Bethlehem Steel Fab in Pittsburg Restarts To Produce Solar Tracker Equipment For Market Leader Nextracker
American solar tracker manufacturer Nextracker and local steel fabricator BCI Steel have reopened the Bethlehem Steel Manufacturing Factory in Leetsdale, Pittsburg that will produce solar tracker equipment for large scale solar power plants in Pennsylvania, Indiana, New York and Ohio.
China’s Jolywood Scraps Indonesian Plans
COVID-19 & Geopolitical Challenges Prompt Jolywood To Pull Brakes On Indonesia Production
Chinese integrated solar PV manufacturer Jolywood has decided to not go ahead with its planned 2.5 GW cell and module production plans in Indonesia citing reasons varying from COVID-19 to anti-circumvention investigation of the US and Ukraine war’s impact.
MoU For Silicon Raw Material Supply In US
REC Silicon & Ferroglobe To Establish ‘Fully Traceable’ US Solar Supply Chain
Norwegian polysilicon producer REC Silicon has roped in British silicon metal and alloys producer Ferroglobe PLC to supply it silicon metal raw material for its Moses Lake production fab in the US as it targets to establish a low-carbon and fully traceable US based solar supply chain.
Juwi Demands Deadline Extension For RE in Germany
Citing Supply Chain Disruptions, Juwi Wants Extension For Solar & Wind Projects in Germany
Renewable energy developer juwi AG has called upon the German government to extend deadlines for the implementation of solar and wind power projects by an additional 12 months under the country’s Renewable Energy Sources Act (EEG) citing supply chain disruptions.
High Prices To Impact 5 GW Solar In India
CRISIL Estimates Lower RoE For 5 GW India Solar Capacity Due To Soaring Prices
S&P Global’s Indian credit ratings agency CRISIL counts soaring prices of solar modules, related components as steel and freight costs to negatively impact 5 GW capacity in India that were bid out at less than INR 2.35 ($0.030) per kWh between October 2020 and December 2021.
Chint Solar To Offload Module Manufacturing
Citing Market Volatility, Chint Solar To Sell PV Module Production Business
China’s Chint Solar is divesting its 100% stake in the company’s solar PV cells and module production business operating as Chint New Energy to 13 companies, citing the impact of ‘violent fluctuation’ of upstream raw material prices in the PV industry on the business.
SolarEdge’s Q1/2022 Financial Results
Israel’s SolarEdge Posts Strong Q1/2022; Guides For Up To $740 Million Revenues For Next Quarter
SolarEdge Technologies, Inc, the Israel headquartered solar PV inverter supplier, ticked all the right boxes with its Q1/2022 revenues of $655.1 million having gone up 19% QoQ and 62% YoY, thanks to strong solar business in the US and Europe.
First Solar’s Q1/2022 Financial Results
Lower Module Sales & ASPs Pull Down First Solar’s Q1/2022 Net Sales; Company Posts Net Loss
American CdTe solar module manufacturer First Solar, Inc says decrease in module sales volume, ASP and lower project revenues in Japan pulled down its Q1/2022 revenues of $367 million 59% QoQ and 54% YoY, even as it booked 11.9 GW DC new capacity during the reporting quarter alone.
JinkoSolar’s Q1/2022 Financial Results
JinkoSolar’s Total Shipments, Revenues & Net Income Declined Sequentially In Q1/2022
A drop in solar module shipments in Q1/2022 pulled down JinkoSolar Holding Co, Ltd’s quarterly revenues by 9.9% to $2.33 billion, but increased 85.9% YoY, while gross margin of 15.1% declined QoQ as well YoY due to an increase in material cost of modules.
Enphase Energy’s Q1/2022 Financial Results
Enphase Improves Q1/2022 Revenues Having Shipped 1,029 MW DC Microinverters
US headquartered solar PV microinverter supplier Enphase Energy’s Q1/2022 revenues improved by 7% QoQ and 46% YoY despite the global supply chain being ‘under stress’ as the management remains confident of its supplier management and ‘qualification of alternate suppliers’.
Tesla Deployed 48 MW New Solar In Q1/2022
Solar Component Delays Pull Down Tesla’s Q1/2022 PV Deployments By 48% YoY
Tesla has reported its solar PV deployments in Q1/2022 to have dropped by 48% on annual basis to 48 MW, compared to 92 MW in Q1/2021 due to import delays for certain solar components which the company said was beyond its control, without specifying more.
Nextracker Opens New Production Line In US
Solar Tracker Maker Nextracker Commissions New Production Line Near Steel Fab
US based global solar tracker manufacturer Nextracker Inc has opened a new production line on the campus of Steel Dynamics, Inc (SDI) fab in Texas which is a new facility launched by steel maker JM Steel to ensure low-carbon tracker supply within the southern part of the country.
200 GW RE Before 2025 In China’s Deserts
China’s 455 GW Renewable Energy Plan For Desert Regions To See 255 GW Built Post 2025
Quoting a Chinese researcher with the State Grid Corp. of China, Bloomberg has reported details of the country’s plans to bring about 455 GW solar and wind energy in its desert regions, with 200 GW to be installed before 2025.
Growing Imbalance Of RE PPA Demand & Supply
Regulatory, Logistical Issues Along With War In Ukraine Pushing Up PPA Prices For Solar & Wind: LevelTen Energy
LevelTen Energy blames regulatory, interconnection and supply chain challenges in North America and the war in Ukraine for Europe, along with rising development costs, as reasons pushing up prices for wind and solar power purchase agreements (PPA).
Array Technologies’ 2021 Annual Results
US Solar Tracker Maker Reports Net Loss In 2021, But Offers Strong Guidance For 2022
US solar tracker manufacturer Array Technologies blamed increased supplier and logistics lead times, and project delays for its 2021 annual revenues dropping 2% to $853.3 million and net loss of $66.1 million, yet offered a robust guidance of 2022 re.
Solar Demand Might Fuel Forced Labor?
Rights Lab Report Presses For Global Roadmap For Solar Industry To Address Modern Slavery Risks
A report by Rights Lab at the UK University of Nottingham believes growing demand for solar may parallelly fuel demand for products made with forced labor, including polysilicon for solar panels and cobalt for lithium-ion batteries, unless the solar .
SMA Solar Declares 2021 Financial Results
Chip Shortage Pulls Down SMA Solar’s 2021 Business; Bullish For 2022 Prospects With Large Order Backlog
German solar PV inverter supplier SMA Solar Technology AG saw its annual sales for 2021 drop by 4% to €983.7 million, owing to the COVID-19 pandemic and shortage of electronics chips supply.
Kaneka Ups Its Solar Module Prices
Japan’s Kaneka To Increase Solar Module Prices By 20% From April 1, 2022
Japanese solar PV module producer Kaneka Corporation has announced come April 1, 2022 and it will increase the price of its solar products by 20% or more from the current price, citing tight supply of silicon raw materials and high logistics costs.
SolarEdge’s Q4/2021 Financial Results
SolarEdge Exited 2021 With 34.6% Annual Growth In Revenues & 21% Improvement In Net Income
Israel headquartered solar inverter supplier SolarEdge Technologies, Inc achieved record revenues of $551.9 million in Q4/2021, reflecting an annual increase of 54% and contributing to the 34.6% YoY growth in 2021 revenues of $1.96 billion.
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