Panasonic, Tesla reveal plan to produce lithium batteries in China
Tesla’s batteries may soon be Made in China. The announcement was made by Panasonic CEO Kazuhiro Tsuga during a conference accompanying the company’s 2018 fiscal-year results.
Vivint Solar grows revenue on lower volume
The US residential solar power company continues its focus on higher profits, hinting at strong growth potential in coming quarters as sales teams settle into their new pipelines.
SMA confirms guidance for 2018
In the first quarter, SMA saw its sales increase slightly, while EBITDA improved compared to the same period of the previous year. Net profit, however, was significantly below the level of the first quarter of 2017.
JA Solar sees profits decline despite strong growth of shipments, sales
The Chinese company said its gross margins were impacted by lower ASPs and rising material costs, while the decline in net and operating profits was due to higher operating expenses. Shipments and sales, however, grew by 52.4% and 25.5%, respectively.
Mersen acquires Idealec, reports 50% growth for solar business
Through the transaction, the French industrial equipment manufacturer aims to strengthen its R&D capabilities, as well as its position in the power electronics market. In the first quarter, its solar-related business grew by around 50%.
Kyocera reports lower solar sales for fiscal 2018
The group’s solar business incurred an operating lost in the last fiscal year, due to a write-down related to a long-term purchase contract for the supply of polysilicon.
Panda Green reports increase in turnover, declining net profit
The Chinese solar PV developer increased the combined capacity of its solar plant portfolio by 62% to 2 GW last year. Total revenue for last year reached around $241 million.
Shunfeng trims net loss, improves sales
The Chinese PV manufacturer shipped 3.85 GW of solar PV products last year, including 37.6 MW of wafers, 1,346 MW of solar cells, and 2,475 MW of PV panels. China was still the company’s largest market, accounting for 74.9% of total sales.
Comtec to focus on downstream and 156mm x 156mm “Super Mono” wafer business
In the past financial year, the Chinese solar manufacturer and project developer implemented a plan to expand activities in the downstream solar sector, while downsizing its wafer manufacturing. In the future, Comtec will focus on its 156mm x 156mm “Super Mono” wafer business, and will ship no more than 500 MW per year.
Singulus sees revenue grow in 2017
The German system manufacturer continues to work on its major orders from China. If everything goes according to plan, Singulus expects further growth in sales and profits this year.
