The thin film PV maker reported solid year-end 2018 results, with future bookings extending out four years and the fourth of five Series 6 factories already online.
There are indications the Trump administration may be closing in on a deal with Chinese authorities but, for now, the trade war goes on.
pv magazine is pleased to announce the winners of our inaugural Annual Award. Winners will be recognized in a ceremony alongside the Middle East Solar Industry Associations’ Solar Awards, during the World Future Energy Summit.
Although the investment bank says large manufacturers will suffer from continuing panel price falls, developers will be able to take advantage and experts predict a resurgence in the global market next year.
The thin film PV maker projects 5.4 to 5.6 GW of module shipments next year, more than double its current projected 2018 volumes of 2.6 to 2.7 GW.
The PV maker’s quarterly results show not only the ramping of its Series 6 production at a third location, but also bookings that continuing to climb, with 11.3 GW of modules now under contract.
The PV maker plans to shift its 800 MW of E-Series production to its new NGT technology, as it records a massive loss on depreciation of its old equipment. The move was revealed in second-quarter figures featuring plenty of red ink.
The thin film PV maker reports difficulties in ramping its new Series 6 product, as well as pressure from module price collapses.
The renewable energy software company will keep the skytron brand and platform, as well as providing services for Draker’s customers.
The Ngonye project proposed by Italian energy giant Enel Group and Zambia’s Industrial Development Corporation, will be financially underpinned by senior loans of up to $10 million from the International Finance Corporation, up to $12 million from IFC-Canada Climate Change Program and up to $11.75 million from the European Investment Bank.
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