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.
REC Group places equipment order with Aurora Solar Tech
Aurora Solar Technologies today announced that it has received an order from Norway headquartered vertically integrated PV manufacturer REC Group for its inline cell measurement equipment. The order is expected to ship in January 2018.
REC Silicon sees 38% sales increase in Q3
Leading polysilicon producer REC Silicon posted revenue of $75.5 million in the third quarter – 23% above the previous quarter. REC saw a 38.2% increase in sales volume, despite polysilicon production for the quarter coming in slightly below guidance.
First Solar knocks it out of the park in Q3
The thin-film maker topped $1 billion in quarterly revenue with impressive profitability and a strong war chest as it continues its retooling for Series 6.
