wafers

Company stock diluted more than 8% to generate gross proceeds of $87 million as the company continues its policy of expansion at a breakneck rate.

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.

GCL-Poly Energy Holdings Ltd expects profits for the six months ended June 30, 2018, to drop between 60 and 70%, down from the around RMB 1.2 billion (US$173.6 million) it earned in the previous year.

Chinese manufacturer, JA Solar has secured a long-term buyer credit loan facility worth US$68.4 million for the procurement of equipment for its 1.5 GW wafer facility in Vietnam.

On Friday, three Chinese government ministries issued a joint “2018 Solar PV Power Generation Notice.” Its impact has been hotly debated since, with two key conclusions: the largest market segment – utility-scale PV – will take a pounding and not come close to last year’s record installation figure of just under 34 GW; and the expanding distributed generation market segment, which rose 360% from 2016 to 2017, will also be severely impacted by a 10 GW cap on new projects.

The Chinese solar energy firm announces details of joint venture with the Qujing Municipal Government in China to build a 20 GW monocrystalline ingot facility in Qujing.

The Asian companies will form a joint venture in India to execute the plan. The project’s total investment is expected to be around US$930 million, which will be used for the production of solar PV ingots, wafers, cells, modules and batteries.

Solargiga Energy has recorded a net profit of CNY 107.5 million (US$16.96 million) for the year to the end of December 2017, from a net loss of CNY 239.149 million in the preceding 12-month period.

The Chinese vertically integrated solar manufacturer has set out a three-year roadmap, aiming for 28 GW monocrystalline wafer capacity by end of this year, 36 GW by the end of 2019, and 45 GW by 2020.

The Chinese polysilicon supplier reveals that its order book is 90.2% filled as of the end of January, in response to surging demand among Chinese solar firms.