Increased shipments, falling revenues for Canadian Solar in Q2
Module manufacturing giant Canadian Solar shipped 1.7 GW of modules in the second quarter of 2018, a 23.7% increase on the previous quarter, according to the company’s latest update. Net revenue, however, fell more than 50% quarter-on-quarter with the company blaming fewer project sales and lower module prices.
Longi exempt from EU minimum import price for products from Malaysia
The Chinese PV manufacturer has proved to the European Commission that it does not use products from China at its Malaysian plant. Therefore, the commission has exempted these products from the applicable minimum import price regime.
PV Info Link: Mono-cSi cell price drops below multi
According to PV Info Link, the price for monocrystalline cells in China fell below that of the usually cheaper multicrystalline products. However analysts expect it to be a blip, with multi prices expected to fall and mono to be supported by the Top Runner Program, now China’s main source of demand for the rest of 2018.
Japan’s PV sector should focus on future energy mix target — report
The Japanese PV industry should respond to the government’s recent decision to leave its 2030 energy mix targets unchanged by pushing for a higher share of solar in the next version of the country’s strategic energy plan, according to a new report.
Seraphim plans 1.5 GW solar module, 300 MW cell fab in Africa
Chinese solar PV manufacturer, Seraphim has inaugurated a US$14 million, 300 MW solar PV module manufacturing facility in South Africa. Plans are in place to ramp this up to 1.5 GW over the next three years, and add 300 MW of cell production.
Daqo New Energy maintains production amid falling prices
Chinese polysilicon producer Daqo New Energy says it maintained full production capacity in June, and reiterated its full year production guidance of 22,000-23,000 MT. The company’s Q2 financials show, however, sales volume and profits fell over the previous quarter, thanks to loss of demand in China.
Trump confirms additional 25% tariffs on Chinese cells and modules
While the duties make importing solar from China even more impractical, they are unlikely to have a significant impact on trade flows or on the U.S. market, with Chinese manufacturers outsourcing operations overseas.
Taiwan’s Neo Solar Power narrows loss ahead of merger
Taiwanese cell producer, Neo Solar Power has posted a net loss of NT$390 million (US$12.75 million) for the second quarter of 2018. Though indicative of the difficult times currently facing Taiwan’s cell manufacturers, the figures represent a 39.3% reduction compared with the previous quarter’s loss.
Beijing about-turn influenced collapse of polysilicon deal
Shanghai Electric says the Chinese government’s abrupt decision to rein in solar was a significant factor in the collapse of its planned $3.64 billion acquisition of a controlling stake in the world’s biggest poly maker.
Taiwan: Schedule agreed for three-way solar merger
A timetable has been set for the merger of three of Taiwan’s largest solar cell manufacturers, according to reports from the state-owned Central News Agency. The companies held separate board meetings last week and confirmed the transaction is set to be completed on October 1.
