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.
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.
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.
The controlling shareholders of Shenzhen-listed solar manufacturer Jolywood have agreed to sell their stakes to state-owned WJ Energy, as two more power companies revealed big plans for new capacity. NYSE-listed Daqo, meanwhile, is mulling an IPO in its homeland.
The polysilicon, PV wafer and module and inverter maker has arranged a second EGM of 2018 to seek permission for two bond issues, as its peers scramble to raise their manufacturing capacities.
Chinese integrated energy company Sunpower Group Ltd today announced the securing of equipment supply contracts worth CNY 80 million (US$12.5 million) with Xinjiang Xinte Energy, a subsidiary of TBEA Co Ltd.
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