The German PV equipment provider will not achieve the sales and earnings targets set for this year. CNBM is not expected to place orders for the expansion of its CIGS thin-film production operations in China until the fourth quarter.
A day after signing a 300 MW production capacity deal with the building materials company, the German company has announced exactly the same order – with the same customer – for a facility elsewhere in China.
German PV equipment supplier Singulus Technologies has reported a fall in both sales and profit year on year for the first quarter of 2018. The company, however, points out that its order books are full.
China National Building Materials (CNBM), the parent company of German module manufacturer Avancis, announced that the first modules have rolled out of its 300 MW CIGS factory in Anhui Province, China.
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