Huanghe Hydropower Development has commissioned 2.2 GW of PV capacity in China’s remote Qinghai province. Yingli, meanwhile, has started to build a new 5 GW solar module factory in Hebei province.
Plus, panel maker Risen began construction of a 15 GW cell and module factory in Yiwu, in the central Zhejiang province of eastern China.
A filing made to the Securities and Exchange Commission today has confirmed holders of stock in Yingli Green Energy Holding Co Ltd will be left empty-handed some time around the end of the month.
PV manufacturers unable to live with proposed new quality guidelines and project developers alike are set to be squeezed out by the state in the world’s biggest solar market, according to Frank Haugwitz, who has compiled a market update as preparations for the next five-year plan gather pace.
The Chinese solar panel making division of the debt-saddled company appears likely to be broken up after admitting creditors will take controlling stakes in its business units following the successful petition of a court in Hebei province.
The Chinese solar manufacturer today admitted it is in talks with its lenders and strategic investors about a break up of the company after its 2018 annual accounts revealed an apparently unserviceable debt pile. Any strategic investor is likely to constitute a Chinese state-backed bail-out.
Latest tirade may simply be a crude bid to up the ante with a high-profile Chinese deputation due to visit the U.S. in the latest round of trade talks this week but its timing is worrying for the Chinese solar companies struggling under huge debts.
With production and capacity figures provided by industry analyst IHS Markit, pv magazine provides a rundown of the top 10 crystalline silicon module manufacturers based on 2017 production data, followed by a look at the market forces and technology trends that have shaped the supply landscape.
Yingli Green Energy Holding Company Limited has been delisted from the New York Stock Exchange, and expects to begin trading on the OTC Pink on July 2, where there are no disclosure requirements.