Modules & Upstream Manufacturing

LG bumps up product warranty on NeON 2 to 25 years

Premium PV module producer and supplier LG Electronics Australia has increased its product warranty to 25 years. Having sold some 750,000 modules in Australia to date, LG reports a “very, very small” number of warranty claims.

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.

JinkoSolar achieves 23.95% efficiency for p-type mono cell

Chinese module manufacturing heavyweight JinkoSolar has announced the achievement of a new world record efficiency for a p-type monocrystalline silicon cell, at 23.95%. The record has been confirmed in testing by the Chinese Academy of Sciences.

SunPower to exit utility-scale solar development

The company is pivoting to DG solar and expanding its manufacturing as it continues to struggle with profitability.

JA Solar sees profits decline despite strong growth of shipments, sales

The Chinese company said its gross margins were impacted by lower ASPs and rising material costs, while the decline in net and operating profits was due to higher operating expenses. Shipments and sales, however, grew by 52.4% and 25.5%, respectively.

First Solar still sold out into 2020

The thin film solar maker is also reviving its EPC division with a goal to build 1 GW of solar projects each year, as well as increasing its presence in O&M services.

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Yingli’s financials go from bad to worse

In reporting its FY 2017 financials, Yingli has again revealed that “substantial doubt exists as to the Company’s ability to continue as a going concern.” It is seeking to agree on a debt restructuring plan with creditors, and is asking them to refrain from initiating bankruptcy proceedings. Overall, it recorded a 2017 net loss of US$510 million and total liabilities of $3.2 billion. It has not issued guidance for this year.

Longi half-cut cell PERC module exceeds 360 W

Longi is progressing at breakneck speed, having announced yet another world record. This time, the Chinese manufacturer says its 120-cell half-cut monocrystalline PERC module has exceeded 360 W.

Long read: China’s monocrystalline boom

Two large Chinese ingot and wafer makers have announced bold plans to expand their capacities beyond anything seen to date. In the process they could transform the entire upstream solar manufacturing landscape.