Leading Chinese PV manufacturer JinkoSolar has continued to grow shipments in Q4 2016, with full-year (FY) module sales increasing close to 50% YoY. Downward price pressure continues to bite, with revenues falling 8.3% compared to Q3, and almost 14% year-on-year.
Monocrystalline giant, the Longi Group, will now use the brand for its cell and module business, formerly Lerri Solar. The unified brand will be showcased at the PV Expo in Tokyo, which kicks off on Wednesday.
Landsat 8 satellite images taken in January capture the four million solar panels installed at the site in Qinghai province, covering an area almost the size of Macau.
The Tier 1 solar company ups its projected module and cell shipments projection above guidance figures to 5.1 GW to 5.2 GW, with revenue for the year expected to be around $2.2 billion.
The solar investment group will likely swing back to the black from a net loss of roughly 98.9 million yuan ($14.4 million) in the 12 months to December 31, 2015.
The Chinese PV giant claims the project will be “the world’s largest solar canopy.”
Jolywood (Suzhou) Sunwatt will produce n-type monocrystalline bifacial solar cells at the plant in Taizhou, just to the north of Shanghai in China’s Jiangsu province.
GCL System Integration (GCL-SI) did not disclose the financial terms of the master distribution agreement, under which Guadalajara-based DMSolar will offer the Chinese PV maker’s components, as well as its GCL-P6/60 and GCL-P6/72 panels.
Beijing Enterprises Clean Energy (BECE) has signed a development agreement with the authorities in Weishan county, Shandong province, to build the solar project in the city of Jining.
The Chinese PV module supplier has 90 days to regain compliance with the listing standards of the New York Stock Exchange, according to a letter it received last week from the market regulator.
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