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Chinese PV Industry Brief: Intense M&A activity and two more factories

Longi and Tongwei have both seen changes in ownership in recent days. Meanwhile, Maxwell Technology has unveiled a plan to build a heterojunction cell factory Jiangsu Province and the Henan Group has entered PV glass and module production.


Solargiga posts sharp net loss in 2018

Solargiga Energy Holdings has posted a net loss of CNY 222.4 million ($33.08 million) for 2018, a sharp reversal from the CNY 107.5 million net profit it recorded in the preceding 12-month period.

China: 2018 installations could drop by more than a third

On Friday, three Chinese government ministries issued a joint “2018 Solar PV Power Generation Notice.” Its impact has been hotly debated since, with two key conclusions: the largest market segment – utility-scale PV – will take a pounding and not come close to last year’s record installation figure of just under 34 GW; and the expanding distributed generation market segment, which rose 360% from 2016 to 2017, will also be severely impacted by a 10 GW cap on new projects.


GCL Group, Softbank sign MOU for 4 GW of solar manufacturing in Andhra Pradesh

The Asian companies will form a joint venture in India to execute the plan. The project’s total investment is expected to be around US$930 million, which will be used for the production of solar PV ingots, wafers, cells, modules and batteries.


Solargiga posts $16.96 million net profit in 2017

Solargiga Energy has recorded a net profit of CNY 107.5 million (US$16.96 million) for the year to the end of December 2017, from a net loss of CNY 239.149 million in the preceding 12-month period.


Solargiga invests in 1 GW of module output — correction

A unit of Solargiga Energy Holdings has revealed plans to invest CNY 160 million ($25.2 million) in 1 GW per year of PV module production capacity.

Solargiga invests $52.8m in new China ingot and wafer fab

Solargiga is ramping up its production capacity for monocrystalline silicon ingot and monocrystalline silicon wafers at a new factory in Quijing, China. Expansion undertaken alongside subsidiary Jinzhou Yangguang Energy.


LONGi Solar posts $191.2 million profit in H1

LONGi Solar Technology has recorded a net profit of CNY 1.236 billion ($191.2 million) for the first half of 2017, up 43.6% year on year.


Solargiga ships 1.16 GW in H1

Solargiga Energy’s shipments of PV cells, solar panels, silicon ingots and wafers reached 1.16 GW in the first half of 2017, up nearly 55% year on year. Revenue from its production business rose 16.2% on the year to CNY 1.97 billion ($291.6 million), according to unaudited preliminary operating statistics filed to the Hong Kong stock exchange.

Solargiga anticipates 2016 loss

The Chinese PV manufacturer expects to record a “substantial loss” for the year to the end of December.

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