Featured in Connections that count – 10-2022

Solar’s big five

The five largest vertically integrated PV manufacturers have seen significant growth in net profit and revenue so far this year. Combined, these five companies shipped a total of 78.6 GW of modules in the first half of 2022, up 48% from the same period last year. Their shipments accounted for 60% to 70% of the market, suggesting increasing consolidation. With first-half financial results filed, InfoLink’s Richard Chen digs into the numbers.

By

pv magazine

05 Oct 2022

Source: InfoLink/Company Announcements

Despite marked improvement in sales volume and revenue, costs remained high due to high materials prices and complicated trade policies. As a result, gross margin differs among companies, with most seeing no significant growth, reflecting that manufacturers had to deal with challenges of cost structure and profitability in the first half.Longi shipped 18 GW of …

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