Modules & Upstream Manufacturing

Toshiba posts $439.5 million H1 loss as solar ops struggle

Toshiba has posted a group net loss of JPY 49.8 billion ($439.5 million) for the first half of the current Japanese fiscal year, but the bleak outlook for its solar operations is the least of its concerns, as it struggles to cover losses from its bankrupt U.S. nuclear business and avoid being delisted from the Tokyo Stock Exchange (TSE).

Hanwha Q Cells holds steady in Q3, expects bigger Q4

The Korean manufacturing giant posted a slight drop in revenue and profits for the third quarter ending September 30th, but expects to achieve total module shipments in the range of 5.5 GW to 5.7 GW for the full year 2017.

REC Group sees strongest third quarter ever

Norway headquartered REC Group has become the latest solar manufacturer to post increased module shipments for the third quarter of 2017, as global demand continues to be buoyed by massive installations in China and a rush for U.S. projects to procure modules.

Singulus: 2017 breakeven still possible

The German PV equipment manufacturer has posted financial results for the first nine months of 2017, projecting a protracted investment cycle for CIGS thin-film production. The company expects another prepayment from its major Chinese customer CNBM by the year’s end.

Shipments and revenues up in strong Q3 for Canadian Solar

Leading module manufacturer Canadian Solar posted revenue of $912 million for the third quarter of 2017, significantly above the figure of $692 million for the previous quarter. The company also saw quarterly shipments rise to 1.87 GW.

Tongwei to invest $1.8bn to build two 10 GW solar cell factories in China

Massive 12 billion yuan ($1.8 billion) investment part of Chinese solar firm’s goal to boost its production capacity to 30 GW and become world’s largest solar manufacturer.

JinkoSolar sets new mono-PERC cell efficiency record

JinkoSolar has achieved yet another efficiency world record, hitting 23.45% with its p-type monocrystalline PERC cell technology. The record has been confirmed by the Chinese Academy of Sciences.

Panasonic posts $1.04 billion profit in H1

Panasonic recorded a net profit of JPY 118.9 billion ($1.04 billion) for the first half of the current fiscal year, from JPY 133.5 billion a year earlier, as sales of its PV systems fell.

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SunPower vows “sustainable profitability” by second half of 2018

The company also announced its next-generation NGT solar cells have entered the certification process, with planned production to begin in the third quarter of next year.

Tesla solar deployments plummet while energy storage rises

The nation’s largest residential PV installer deployed only 109 MW of solar during Q3, its lowest level in many years, but it did install 110 MWh of battery storage.

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