Mixed news from Chinese panel manufacturers

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.