Solargiga

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.

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.

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.

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.

Huanghe Hydropower Development has started work on the first phase of a huge renewable energy project which will eventually feature 10 GW of solar generation capacity along with 5 GW of wind and 1 GW of concentrating solar power. Trina will supply 600 MW of modules to the first phase of the facility.

The Hong Kong-based solar manufacturer appears to have posted impressive revenue gains this year, based on preliminary, unaudited operating results for the first three quarters of 2019. But as the troubled company continues to pin its hopes on a much-anticipated turnaround in Chinese solar demand, its long-term outlook remains uncertain, mere weeks before the scheduled de-listing of its shares in Taiwan.

The ever worsening balance sheet of the Hong Kong-based solar manufacturer has triggered the removal of shares listed in Taiwan, which is likely to leave the company with a $2.84 million bill for buying them back.

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.

The solar manufacturer today moved to reassure investors ahead of what promises to be another rocky set of first-half figures in two days’ time. The Hong Kong company says it wants to add another 3.6 GW of mono ingot and wafer capacity by early 2021.

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.