DOE Reaches Out To Public For Critical Materials Research Program
Public Views Sought By US DOE For Its $675 Mn Critical Materials Research Program
The US Department of Energy (DOE) has reached out to the people for their inputs on how to develop and implement the $675 million Critical Materials Research, Development, Demonstration, and Commercialization Program.
FTC Solar Announces Q2/2022 Financial Results
FTC Solar’s Q2/2022 Revenues Slid 38% QoQ With Lower Demand & Module Supply Challenges
US based solar tracker supplier FTC Solar has reported its Q2/2022 revenues of $30.7 million to have dropped 38% QoQ and 39% YoY, pulled down by lower demand in the US, module availability constraints and regulatory environment.
SolarEdge’s Q2/2022 Financial Results Out
Europe & US Markets Drive Solar Revenues For SolarEdge In Q2/2022 As Supply Chain Challenges Continue
Israel headquartered solar PV inverter supplier SolarEdge Technologies, Inc saw its GAAP revenues surge 52% YoY to $727.8 million in Q2/2022 led by solar, and growing demand for clean energy, majorly from Europe and the US markets, however its net income went down 67% to $15.1 million.
Meyer Burger Lowers Annual Production Forecast
Meyer Burger Brings Down Volume Targets Citing Challenges Related to Global Supply Chain Constraints
Swiss headquartered German HJT cell/module manufacturer Meyer Burger has lowered its annual module production forecast for 2022 from 500 MW and for 2023 from 1.35 GW shared previously, claiming it reflects ongoing supply chain constraints that preven.
CPS Enters MoU With Hanwha For Solar Glass
Qcells’ Parent To Secure Patterned Solar Glass From Canadian Premium Sand
As the US administration plans to boost the local solar PV integrated value chain, Qcells parent Hanwha Solutions Corporation has entered into a memorandum of understanding (MoU) with Canadian Premium Sand (CPS) to secure patterned solar glass from the Canadian manufacturer.
IEA Calls For Diversified Solar Supply Chains
Governments Need To Pay More Attention On Facilitating Local PV Manufacturing, According To IEA Report On PV Supply Chains
By 2025, China is likely to control 95% of global polysilicon, ingot, wafer production, up from 80% now, going by the manufacturing capacity under construction in the world’s largest PV market.
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.
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