Chinese PV Industry Brief: JA Solar expects $110 million net loss for H1
JA Solar says it has incurred a $110 million net loss for the first half of 2024, due to rising competition in the solar market, continual price declines, lower gross profit from core operations, and significant provisions for inventory depreciation.
Chinese PV Industry Brief: JinkoSolar’s TOPCon module shipments pass 100 GW
Chinese solar module maker JinkoSolar says it has shipped more than 100 GW of tunnel oxide passivated contact (TOPCon) modules in just 18 months.
Wafer prices stable-to-soft on weak demand
In a new weekly update for pv magazine, OPIS, a Dow Jones company, provides a quick look at the main price trends in the global PV industry.
PV market eyes recovery amid falling module prices
Martin Schachinger, founder of pvXchange.com, says that solar module prices are falling across the board, while batteries and inverters are hitting historically low prices due to market oversupply.
Chinese PV Industry Brief: January-May installations hit 79.15 GW
China’s cumulative installed PV capacity reached 690 GW at the end of May, according to recent numbers released by the country’s National Energy Administration (NEA).
‘Oversupply issues may continue in 2025’
As part of our Intersolar 2024 interview series, pv magazine spoke with Amy Fang, senior PV analyst at InfoLink Consulting, about new solar factories coming online and decreasing solar modules prices. She says the downward trend may continue until the first half of next year, with prices reaching $0.07/W, and estimates global module demand for this year could reach between 470 GW and 500 GW.
Polysilicon prices stable, market concerns persist over worst-case scenario
In a new weekly update for pv magazine, OPIS, a Dow Jones company, provides a quick look at the main price trends in the global PV industry.
Chinese PV Industry Brief: Longi to issue $1.38 billion of bonds
Longi says it will issue up to CNY 10 billion ($1.38 billion) of bonds. It will primarily use the funds to support operational needs, supplement working capital, repay interest-bearing debts, and aid project construction and operations.
GCL Tech, Mubadala to open polysilicon factory in UAE
Chinese polysilicon maker GCL Tech says it is partnering with Emirati state-owned Mubadala Investment Co. to build the Middle East’s first polysilicon factory in the United Arab Emirates.
TCL Zhonghuan reveals plans to acquire majority stake in Maxeon
Chinese wafer manufacturer TCL Zhonghuan says it wants to invest around $197.5 million to increase its stake in Maxeon from 22.39% to at least 50.1%. A Maxeon spokesperson told pv magazine that the plan would place the company in a solid financial position.
