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.
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 $3.2 billion. It has not issued guidance for this year.
Longi half-cut cell PERC module exceeds 360 W
Longi is progressing at breakneck speed, having announced yet another world record. This time, the Chinese manufacturer says its 120-cell half-cut monocrystalline PERC module has exceeded 360 W.
Long read: China’s monocrystalline boom
Two large Chinese ingot and wafer makers have announced bold plans to expand their capacities beyond anything seen to date. In the process they could transform the entire upstream solar manufacturing landscape.
BYD signs 75MW supply deal in Australia
The Chinese technology firm has inked an agreement with EPC provider Biosar for a solar farm in Queensland, estimated at around US$ 30 million – a significant deal for the company’s thriving solar PV division.
Jinko posts strong increase in shipments for 2017, but lower profits
Last year, the Chinese module maker shipped 9.8 GW, and achieved revenue of $4.0 billion. Both gross and net profit, however, declined due to lower ASPs, higher polysilicon prices and increased output from OEM partners.
Longi claims 23.6% efficiency for its PERC monocrystalline cells
Only one month after announcing a PERC module efficiency of 20.41%, the Chinese solar manufacturer announced it has now achieved a 23.6% efficiency for its PERC monocrystalline cells, thus beating its own previous records.
China drags global clean energy investment to $333.5bn in 2017, finds BNEF
Despite approximate 25% fall in solar costs per MWh against 2015, last year saw more than $333 billion invested in clean energy, with global solar deployment figures topping 53 GW, finds new Bloomberg New Energy Finance report.
8th IRENA Assembly: Solar driving “fast moving” Asian renewable markets
All forms of renewable energy will be cost competitive with traditional generation sources by 2020. This was one of the key findings in the latest report from the International Renewable Energy Agency (IRENA). It was delivered yesterday at IRENA’s 8th annual Assembly in Abu Dhabi.
Risen Energy to start production at new 5 GW solar factory in China
Risen Energy Co. Ltd is gearing up to begin production at a new, 5 GW solar PV cell and module manufacturing facility in China. A spokesperson for the company tells pv magazine manufacturing will begin this January 17.
