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.
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.
Meyer Burger to end manufacturing in Switzerland
Equipment manufacturer Meyer Burger plans to end production at its headquarters site in Thun, Switzerland, as part of an updated cost efficiency program. All production activities in Thun will be discontinued by the end of 2018, though the site will continue to serve as Meyer Burger’s headquarters.
