‘In the next year, some of these guys are going to be bankrupt’
At Intersolar in Munich, pv magazine spoke with Jenny Chase, solar analyst at BloombergNEF, about the incredibly low polysilicon prices, massive overcapacity, and increasing consolidation. According to Chase, this year there will be enough polysilicon capacity to produce 1.1 TW of solar modules, but global module demand is expected to reach around 585 GW. “That is a pretty huge delta,” she said, noting that the solar industry should also prepare for a series of “negative feedback mechanisms,” such as negative prices and excess of solar power.
Intersolar 2024: Day 3: Tecloman unveils Cubox mobile storage platform
Our pv magazine newshounds will be walking the floors for one last time in Munich today as Intersolar Europe 2024 winds down for another year.
Intersolar Liveblog 2024: Ban-Ki Moon, Cate Blanchett at ‘We Choose Earth Tour’
Our pv magazine newshounds are walking the floors in Munich today to bring you all the developments at Intersolar Europe 2024.
India’s GUVNL allocates 500 MW hybrid wind-solar at $0.040/kWh
Gujarat Urja Vikas Nigam Ltd (GUVNL) has awarded 500 MW of hybrid solar-wind projects at an average rate of INR 3.36 ($0.040)/kWh. The winning developers will install grid-connected projects on a build-own-operate basis, with the freedom to choose any location in India.
US solar module manufacturing capacity grows by 11 GW in Q1
Total US solar module production capacity increased by more than 11 GW in the first quarter of 2024, according to the U.S. Solar Market Insight Q2 2024 report.
French agency warns against unchecked reuse of secondhand solar modules
Soren, the French environmental agency, has warned that uninstalled panels are often resold or exported through loosely regulated reuse channels, especially to developing countries.
Longi denies rumors about factory closures in Southeast Asia
Chinese manufacturer Longi says it is not shutting down its factory in Malaysia, nor it is idling its production lines in Vietnam, but it acknowledges that it is implementing production adjustments at these facilities.
Fronius to cut 350 jobs
Fronius has revealed plans to cut 350 jobs due to “persistently weak sales” from its solar energy division. The Austrian inverter manufacturer significantly expanded production and hired new employees in 2022 and 2023.
World’s largest solar plant goes online in China
China Green Development Group has switched on the 3.5 GW Midong solar project in Urumqi, China’s Xinjiang region. The project required an investment of CNY 15.45 billion ($2.13 billion).
