Mixed news from Chinese panel manufacturers

14. December 2012 | Global PV markets, Industry & Suppliers, Markets & Trends | By:  Max Hall

In separate developments in China, Apollo Solar announced an improvement in manufacturing processes that will further reduce module prices, whilst shares issue by SolarGiga were less than 50% subscribed.

The Chinese flag

Today's news from China is of a further decrease in panel prices and poor uptake of manufacturer SolarGiga's shares issue.

Thin film manufacturer Apollo Solar announced that improvements to its silicon-germanium production line have reduced the time taken to produce each unit from 5.5 hours to 3.4 hours, thereby increasing output 61.8%. The company estimates the cost of its panels will be reduced by around 9& as a result.

Meanwhile, SolarGiga announced that its share issue had been taken up by only 47.59% of existing shareholders, with the rest of the options secured by the underwriter.

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