Hanwha Q Cells reports lower revenue, swings to loss in Q2

At US$518.4 million, the quarterly turnover of the South Korean-German manufacturer was down 10.3% year-on-year, while its net result swung from a profit of $18.7 million in the second quarter of 2017, to a loss of $41.3 million in the latest quarter. Despite this, the outlook for full fiscal 2018 remains unchanged.

Jinko sees Q2 profits slightly increase, confirms shipment outlook for fiscal 2018

The Chinese manufacturer has seen its revenue decline significantly in the second quarter of this year, despite quarterly shipments dropping just 3.1%. This performance, which confirms a trend that was already clear in fiscal year 2017, was mainly due to lower solar module ASPs. Quarterly net profit, however, has more than doubled. Despite recent developments in the Chinese PV market, the company maintains its shipment outlook for full fiscal year 2018, in which it hopes to ship between 11.5 GW and 12 GW.

UPDATE: ACWA offered lowest bid in Egypt’s 200 MW tender

As pv magazine has learnt, the Saudi energy giant lowered its offer to $0.02752/kWh at the last minute, beating the bid lodged by Spain’s Fotowatio, which offered $0.02791 per kWh.

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Egypt receives two bids under $0.03/kWh in 200 MW solar tender

The lowest bid was submitted by Spanish developer Fotowatio, which offered US$0.02791 per kWh. Slightly higher, at $0.02799 per kWh, was the offer of Saudi power company, ACWA.

Ambitious PV expansion plans for China’s Tongwei, Longi and Sunport still on track

Many expansion plans are still firmly afoot in the Chinese solar PV manufacturing industry, if the information pv magazine gathered from some of the country’s leading manufacturers at last week’s Smarter E event, are anything to go by. Indeed, Tongwei , Longi, Sunport and BYD are all progressing at full speed with their capacity ramp ups.

Construction underway on 350 MW of solar in Vietnam

Grimm Power and Xuan Cau began construction on two solar PV plants in the southern province of Tay Ninh.

IHS Markit lowers 2018 outlook for world PV market to 105 GW

The market research company expects the Chinese market will decline by 15 GW this. Part of this slow-down, however, will be off-set by lower module prices and accelerated demand across markets with pent-up demand.

SolarPower Europe revises down global outlook for 2018… but only a bit

Despite recent developments in China, the European solar association believes global newly installed PV capacity this year will reach 102 GW, only 5 GW lower than its previous guidance.

Panasonic, Tesla reveal plan to produce lithium batteries in China

Tesla’s batteries may soon be Made in China. The announcement was made by Panasonic CEO Kazuhiro Tsuga during a conference accompanying the company’s 2018 fiscal-year results last Friday.

Hanwha Q Cells improves profitability, reduces 2018 shipment guidance

The solar module manufacturer reports that Europe will likely replace the United States as its number one market, due to Trump administration duties. While Q1 revenues grew by around 2.5% year-on year, and net profit almost doubled from $17.6 million to $31 million, the outlook for 2018 shipments has been reduced by 400 MW to 5.6 GW to 5.8 GW.

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