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.
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.
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.
The company is pivoting to DG solar and expanding its manufacturing as it continues to struggle with profitability.
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.
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.
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 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.
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.
In this interview with pv magazine USA SunPower CEO Tom Werner gets into the why and how of his company’s purchase of SolarWorld Americas, and what to expect from SolarWorld’s Oregon factory in the future.
This website uses cookies to anonymously count visitor numbers. To find out more, please see our Data Protection Policy.
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.