Chinese PV Industry Brief: New supply deal for Daqo plus more cell and PV glass production capacity
Chinese polysilicon manufacturer Daqo has secured a long-term supply agreement with PV equipment provider and monocrystalline wafer manufacturer Wuxi Shangji Automation, Shanxi Coal International Energy Group has unveiled a plan to set up a 10 GW heterojunction solar cell production fab and Longi has held its wafer prices.
Solargiga issues profit warning
The decision to remove its cell manufacturing capacity has prompted hefty impairment losses which, together with a Covid-19-related slump in demand, will wipe out the gains offered by new solar ingot, wafer and module production lines.
Xinte corrects update which said it was selling polysilicon at a bargain basement price
Whoever published the figures for a profit warning issued by the poly maker on Friday might have spooked investors even further with a stray decimal point.
Chinese PV Industry Brief: a 15 GW factory, new standards and solar glass output
Risen Solar has unveiled plans for a 15 GW cell and module fab in Yiwu City, Zhejiang province and China South Glass is fundraising for a PV glass factory in Anhui province. Such growth, however, may be slowed by the introduction of new standards by the government.
Chinese solar glass company’s figures indicate booming market
Xinyi Solar today said it is anticipating a bumper profit from the first half of the year – an announcement likely to bring wry smiles at the board of parent company Xinyi Glass, which soon after announced quite the opposite prospects after selling off shares in the PV subsidiary last year.
Panda Green warns of $500m annual loss
The bailed-out Hong Kong-listed PV developer has warned its remaining independent shareholders of a thumping net loss for 2019 as it prepares to reveal its final results at the end of the month.
Lithium miner expects profits to plunge 65%
Ganfeng Lithium blamed a falling lithium salt price for its expected woes, rather than the effects of the COVID-19 outbreak on operations which it spelled out last month.
‘Explosive growth’ ahead for Chinese PV predicts Solargiga
The Chinese manufacturer is holding out hope a boom that is expected to start imminently will help it turnaround losses that forced it to issue a profit warning last week. Getting its new production line in Qujing up to speed will help, provided the demand materializes.
Solargiga issues profit warning
The manufacturer has been unable to get its new mono ingot and wafer making facilities up to full speed and says the delay in confirming Beijing’s new solar policy this year also affected its bottom line.
Solargiga expects $15 million loss on back of China’s PV policy changes
Solargiga Energy Holdings Limited has issued a profit warning, stating it expects to record a loss of around US$15.2 million for the period ending June 30, 2018.
