Xinte Energy warns of possible polysilicon and inverter glut
The poly manufacturer discussed the impact of Covid-19 on its solar and wind project development business and fleshed out details of global polysilicon oversupply during a pandemic-hit first half of the year.
Chinese PV Industry Brief: New 10 GW module factory planned as 3.6 GW of cell capacity comes online
Power company Datang Group is reportedly planning to spend around $148 million replacing a coal-fired power plant with a 200 MW solar project in Shanxi province and two solar players are set to issue stock.
Panda Green begins recovery as director dramatically ousted in shareholder vote
All the indicators are pointing gradually in the right direction as new owner Beijing Energy bids to put a torrid year behind the solar developer and the company has announced its intent to enter the European solar market and explore hydrogen and energy storage.
Chinese PV Industry Brief: GCL begins work on new polysilicon factory, GoodWe listed on Shanghai exchange
Polysilicon maker GCL-Poly has started construction of a factory with an annual production capacity of 54,000 MT as Chinese inverter manufacturer Goodwe launched an IPO on the Shanghai stock market.
Chinese PV Industry Brief: New supply deal for Daqo plus more cell and PV glass production capacity
Chinese polysilicon manufacturer Daqo has secured a long-term supply agreement with PV equipment provider and monocrystalline wafer manufacturer Wuxi Shangji Automation, Shanxi Coal International Energy Group has unveiled a plan to set up a 10 GW heterojunction solar cell production fab and Longi has held its wafer prices.
More details emerge of missing deposits as auditor reduces Panda Green’s 2019 losses
There was rare good news for the remaining independent shareholders of the state-controlled solar developer, as the overdue 2019 figures were finally published, with new auditor PwC shaving almost $15 million off a near-$540 million loss.
Covid-19 weekly round-up: Differing opinions on energy storage fall-out, a trade show update and some surprisingly positive financials
Negative second-quarter updates from China and uber-low new-solar figures from India, however, show the world is far from out of the woods yet.
Solargiga issues profit warning
The decision to remove its cell manufacturing capacity has prompted hefty impairment losses which, together with a Covid-19-related slump in demand, will wipe out the gains offered by new solar ingot, wafer and module production lines.
Xinte corrects update which said it was selling polysilicon at a bargain basement price
Whoever published the figures for a profit warning issued by the poly maker on Friday might have spooked investors even further with a stray decimal point.
Covid-19 weekly round-up: Updates shed light on tough second quarter for solar industry firms
But Israeli inverter company Solaredge and Indian engineering, procurement and construction services provider Sterling and Wilson have both offered hope of a recovery in Europe as Chinese glass producer Xinyi said it kept the furnaces going throughout the worst of the pandemic.
