With production and capacity figures provided by industry analyst IHS Markit, pv magazine provides a rundown of the top 10 crystalline silicon module manufacturers based on 2017 production data, followed by a look at the market forces and technology trends that have shaped the supply landscape.
Chinese module giant JA Solar has announced the completion of a merger that makes it the latest in a line of solar manufacturers to voluntarily de-list from a major stock exchange.
Chinese manufacturer, JA Solar has secured a long-term buyer credit loan facility worth US$68.4 million for the procurement of equipment for its 1.5 GW wafer facility in Vietnam.
The solar superpower’s departure from its ambitious PV targets has shaken the industry and put a dampener on share prices. Analysts from U.S. investment bank Roth Capital expect a module oversupply mountain of more than 30 GW as a result of the policy change.
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.
Chinese module manufacturer, JA Solar has issued a statement refuting assertions made by SolarWorld in hearings conducted last year, which were reported last week in the findings of United States Trade Representative (USTR) report into Chinese practices related to intellectual property.
Herman Zhao resigned on March 27 from his role as chief financial officer for Chinese solar firm, JA Solar. The company affirmed that there had been “no issues involving its financial statements” that prompted the move.
Shareholders have agreed to the proposed merger of JA Solar Holdings Co., Ltd with JASO Holdings and its wholly owned units, JASO Parent and JASO Acquisition, thus taking the manufacturer one step closer to privatization.
The Ashalim solar park is a 250 MW project that will combine concentrated solar power and photovoltaics once completed. JA Solar is sole supplier of the PV modules.
The Chinese solar PV manufacturer estimates that it shipped between 7.5 and 7.8 GW of modules and cells in 2017, up from an expected 7 to 7.2 GW, with between 2.1 and 2.4 GW shipped in Q4.
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