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Solargiga

Chinese solar company highlights credit downgrades of state-owned entities

A record number of defaults last year has spooked some lenders, according to Solargiga, but the solar manufacturer has announced ambitious plans to ramp production capacity this year and next.

Solargiga board expects annual loss

The directors said the company’s shuttering of solar cell manufacturing–prompted by aging production equipment and a lack of scale–were unexpected.

Chinese PV Industry Brief: Record residential solar installs and rumblings in the polysilicon market

The NEA has revealed more than 1.3 GW of solar capacity was added to Chinese rooftops last month, with more than 500 MW of it in Shandong province. While poly maker Daqo was forced to revise down its latest sales forecast it predicted a quick rebound in the current quarter.

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Covid-19 weekly round-up: Differing opinions on energy storage fall-out, a trade show update and some surprisingly positive financials

Negative second-quarter updates from China and uber-low new-solar figures from India, however, show the world is far from out of the woods yet.

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.

Chinese PV Industry Brief: Jinko’s new capacity and a 200 MW solar park

JinkoSolar has begun construction of a new 16 GW module production base in Yiwu city, Zhejiang province and Eging PV has resumed a 200 MW solar project in Qitai county in the Xinjiang Uygur Autonomous Region, after securing approval from local authorities. The China National Energy Administration has confirmed the nation can add no more than 48.45 GW of solar to the grid this year.

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Chinese manufacturer looks to pv magazine for its Covid-19 updates

Manufacturer Solargiga referenced our website, rather than official channels, to have a stab at anticipating the possible effects of the public health crisis on the industry as it insisted production lines powered by bargain-basement electricity prices this year would help turn around a $50 million loss for 2019.

Chinese module manufacturer unveils bolt-on plan to raise capacity

A Solargiga subsidiary has handed over $2.5 million to almost double its stake in a 1.2 GW capacity module manufacturing business set up in June by investors which include the local government.

Solargiga warns public about fake website

The PV manufacturer said it has no connections to a website which features its logo and some of its completed solar projects and which invites visitors to download an app enabling them to start investing.

Solargiga hits 10% revenue rise – on back of 48% more shipments

The Chinese manufacturer had to ship a lot more ingots, wafers, cells and modules to secure a modest rise in returns, according to its unaudited 2019 figures.

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