Canadian Solar also reports solid Q2 results, with PV shipments reaching 3.7 GW and revenue totaling US$1.43 billion.
Trina Solar is also looking to raise financing for its plans to increase PV cell and module capacity.
Xinte’s parent company – TBEA – has agreed to buy new shares issued by the company for RMB2.3 billion and these funds will be used to implement its 100,000 MT expansion plan. Furthermore, EVA solar film manufacturer Bbetter Century and 8 GW factory in the Shaanxi Province.
Maxwell Technology is planning to raise RMB2.3 billion (US$356 million) for a new HJT equipment production base in Suzhou City, Jiangsu province. Furthermore, Ginlong has reported its profits grew by more than 100% in the first half of the year.
There is also news of a 1.1 GW central inverter procurement contract, a pending IPO for solar cell player Runergy, and a $700 million-plus solar glass supply contract.
…but cell manufacturer Aikosolar is expecting a reversal in fortune for the first half of the year and has blamed rising solar panel material costs.
According to the China Nonferrous Metals Association, polysilicon prices declined by around 1.4% last week. In other news, Gaoce announced another 20 GW PV wafer factory and Hareon Solar filed for bankruptcy.
Longi’s 25.19% efficiency rating for its new p-type TOPCon solar cells, confirmed by the Institute for Solar Energy Research in Hamelin, is reportedly a world record.
Also, Wafer producer Zhonghuan Semiconductor has further reduced the prices of its products.
The volume of new PV generation capacity added in the first half was higher than expected, given the rising input costs seen in recent months, but solar was nevertheless outpaced by new wind farms in the first six months of 2021.
This website uses cookies to anonymously count visitor numbers. View our privacy policy.
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.