Solargiga posts sharp net loss in 2018
Solargiga Energy Holdings has posted a net loss of CNY 222.4 million ($33.08 million) for 2018, a sharp reversal from the CNY 107.5 million net profit it recorded in the preceding 12-month period.
Solargiga sees shipments increase slightly, revenue decline 11.1%
In the first three quarters of 2018, the Chinese solar manufacturer shipped approximately 1.75 GW of PV products – 3.5% more than it did in the same period of 2017. Revenue from the manufacturing business, however, fell by 12.6%, while total revenue drop was 11.1%.
Solargiga completes 1 GW module production increase
The Chinese solar equipment manufacturer says it has successfully ramped up its PV module line to a total annual output of 2.2 GW, and upgraded 150 MW of existing capacity to produce monocrystalline n-type IBC cell BS modules.
Solargiga confirms dramatic turnaround in figures
Chinese solar manufacturer reports a similar scale of first-half losses to the $15m profit it posted this time last year. Will the company’s decision to almost double module production capacity prove an inspired move or a mistimed disaster?
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.
Solargiga reports decline in shipments, turnover due to lower ASPs
In the first quarter of this year, the Chinese solar manufacturer registered a 34% drop in revenue, while quarterly shipments also declined around 19% year-on-year, to 462 MW.
Solargiga unit to increase stake in PV module maker for $1.6m
Jinzhou Yangguang Energy (Jinzhou Yangguang), a subsidiary of China’s Solargiga Energy Holdings, has agreed to buy a 17.8% stake in Jinzhou Yangguang Motech Renewable Energy (Jinzhou Motech) from Motech Suzhou Renewable Energy for CNY 9.96 million (US$1.58 million), in a cash transaction.
Solargiga invests in 1 GW of module output — correction
A unit of Solargiga Energy Holdings has revealed plans to invest CNY 160 million ($25.2 million) in 1 GW per year of PV module production capacity.
Solargiga invests $52.8m in new China ingot and wafer fab
Solargiga is ramping up its production capacity for monocrystalline silicon ingot and monocrystalline silicon wafers at a new factory in Quijing, China. Expansion undertaken alongside subsidiary Jinzhou Yangguang Energy.
Solargiga posts increase in shipment, revenue in Q1 2017
The Chinese PV manufacturer ended the first quarter of 2017 on an upbeat note.
