solar panel glass

Wood Mackenzie says Europe would need to dramatically raise its PV production capability to ensure the 420 GW-plus of new solar it wants this decade does not arrive in the form of Asian panels.

Xinyi Solar has proposed a dividend for the second year running as it announced shareholders would bank net profits of $630 million despite rising materials and shipping costs last year.

German company Glasmanufaktur Brandenburg and the European Commission claimed victory in the latest stage of a case which hinges on whether Chinese business Xinyi PV operates as a free-market manufacturer. The suit has been running since May 2014 and no immediate conclusion appears to be in sight.

A booming overseas market has offset falls in demand in China caused by rising solar module prices, according to Flat Glass. In common with its PV glassmaking rivals, the company is pressing ahead with production expansion, betting reduced prices for its products will feed even greater demand.

The nation produced 57% more solar cells in the first half of this year than in the same period a year earlier, according to a financial update from state-controlled manufacturer Luoyang Glass.

Electricity bill payers in nations as diverse as Germany, Greece, India and China should be aware new solar projects can now generate electricity cheaper for them than legacy coal and gas-fired plants.

The state-owned PV glass manufacturer, which claims to be one of the world’s big three, hived off its distracting new materials, solar module, and solar project development businesses to focus entirely on its core output in 2020.