China

Panda Green writes off another $5.6m
The debt saddled renewables project developer has signed off on the sale of two wind farms in Shanxi at a loss of RMB40 million on investment. The sale will contribute up to RMB251.5 million to help pay off the parent company’s debts
Sep 9, 2019 // Markets & Finance News, China, Asia, Panda Green, Changzhou Zhaolian
UNEP: Solar the star of a decade of ‘incredible’ renewables momentum
Solar PV has seen a “meteoric rise” over the past decade, with more capacity installed than any other power source, according to a new report by BloombergNEF and the United Nations Environment Programme (UNEP).
Sep 9, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, Germany, UK, China, Europe, Asia, bloomberg nef, unep, solar finance, development finance, reports, Inger Anderson
High power prices, falling PV costs and new regulations behind Brazil’s solar carnival
The nation’s thriving distributed generation market is flying, as was evident at last week’s Intersolar South America trade show. The sector seems unconcerned by mooted changes to net metering incentives in the new year and when even an environmental non-believer like President Bolsonaro is on side, it is difficult to be pessimistic.
Sep 8, 2019 // Manufacturing News, Plants, Large-Scale, Commercial, Inverters, Solar, USA, Sungrow, Canadian Solar, China, South america, Latin america, Europe, Brazil, Asia, Fronius, Greener, North America, Intersolar South America, Solar Promotion, Florian Wessendorf, utility scale solar, Marcelo Sousa, Ada Li, Thais Zampieri Bitancourt, Julian Rau, Trina, Álvaro García Maltrás, Apollo Chai, Rodolfo Meyer, Portal Solar, Marcio Takata, Lucas Troia
Panda Green accepts $22.5m hit on sale of 540 MW of solar projects
The heavily indebted developer has cashed in two eight-project portfolios for an immediate $28 million windfall but accepted the sales recognize heavy losses as it continues to try and pay down debt.
Sep 8, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, China, Asia, Panda Green, Shanxi Silu Electricity Engineering Co Ltd, Changzhou Zhaolian Lvchang New Energy Ltd
Comtec ready to swim against the tide by outsourcing manufacturing
While the rest of China’s solar manufacturers take on ever more debt to expand their production lines as fast as possible, Comtec said it is ready to sell off fabs for the right money and will instead focus on project sales and lithium battery and EV business opportunities.
Sep 6, 2019 // Manufacturing News, Plants, Large-Scale, Commercial, Markets & Finance News, China, Asia, Comtec, John Yi Zhang
Ukraine orders lift Risen up overseas module shipment rankings
The Ningbo-based manufacturer shipped more than a quarter of the panels it exported in the first six months of the year to the eastern European nation. All the big manufacturers posted rising shipment volumes as emerging markets made up for slow growth in their homeland.
Sep 6, 2019 // Manufacturing News, Jinko Solar, China, Ukraine, JA Solar, Europe, Asia, Trina Solar, GCL, Risen, Chint
China’s aluminum smelters alone could shift 2.3% of daily electricity demand
German energy agency Dena has found China’s smelter fleet could shift 432.5 GWh of daily demand to more amenable hours to tally with renewables generation. To make it happen though, the regulator needs to lay down rules for providing incentives.
Sep 5, 2019 // Manufacturing News, Plants, Large-Scale, Commercial, Germany, China, Europe, Asia, Dena, flexible
Longi brings forward manufacturing capacity plans by a year
Having stated an intent to hit 65 GW of annual mono wafer production capacity by the end of 2021, the Chinese solar manufacturing giant has now said that landmark will be achieved next year.
Sep 5, 2019 // Manufacturing News, China, Asia, LONGi, mono wafer
AST wins largest order from a major China-based manufacturer
Inline solar cell measurement equipment specialist Aurora Solar Technologies (AST) has won its largest single order to date from a major China-based manufacturer of high-efficiency PERC solar cells.
Sep 4, 2019 // Manufacturing News, China, Asia, AST, PERC solar cells, Gordon Deans
‘Explosive growth’ ahead for Chinese PV predicts Solargiga
The Hong Kong 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.
Sep 3, 2019 // Manufacturing News, Plants, Large-Scale, Commercial, Markets & Finance News, China, Asia, wafer, Solargiga, monosilicon ingot
Singyes Solar shares suspended as it misses first-half results deadline
The embattled solar manufacturer – which is facing a winding-up petition lodged by Deutsche Bank Hong Kong – says it failed to publish the six-month update by the weekend because of a delay in producing its annual results for last year.
Sep 3, 2019 // Manufacturing News, Markets & Finance News, Singyes Solar, China, Asia, Water Development (HK) Holding Co Ltd.
LONGi posts record quarterly revenue as mono wafer shipments increase 183%
Leading monocrystalline wafer producer and ‘Solar Module Super League’ (SMSL) member LONGi Green Energy Technology (LONGi Group) has reported second quarter 2019 revenue of approximately US$1.17 billion, a new quarterly record, due to monocrystalline wafer shipments increasing by 183% in the first half of 2019, compared to the prior year period.
Sep 3, 2019 // Manufacturing News, Markets & Finance News, China, pv modules, c-si manufacturing, Asia, monocrystalline wafer, LONGi, PERC
JinkoSolar’s order book for 2020 is rapidly filling up
The SMSL reported second-quarter PV module shipments of 3,386MW, an increase of 11.5% from 3,037MW in the first quarter of 2019 and an increase of 21.2% from 2,794MW in the second quarter of 2018.
Sep 2, 2019 // Manufacturing News, Plants, Large-Scale, Commercial, Markets & Finance News, China, JinkoSolar, Asia, PV module, monocrystalline wafer, Kangping Chen
JinkoSolar unveils another impressive set of quarterly figures
The Shanghai-based solar manufacturer has maintained gross margin in a depressed domestic market by shipping ever more modules around the world and is pressing ahead with dramatic production plans on the eve of a looming solar boom.
Sep 1, 2019 // Markets & Finance News, China, pv modules, JinkoSolar, Asia, Solargiga, Comtec, Kangping Chen
Ganfeng Lithium prepares solid-state battery test line
The Chinese company is ramping up R&D efforts to try and fast-track commercialization of the more productive – and more expensive – battery tech. The news was announced as part of an uninspiring first-half update thanks to falling lithium salt prices.
Aug 29, 2019 // Storage, storage, China, Asia, Ganfeng Lithium, solid-state lithium batteries