Chinese solar cell manufacturer Aiko Solar plans to issue a global depository receipt and apply for a listing on the Swiss Stock Exchange to improve its competitiveness.
A subsidiary of PV cell producer Aiko Solar intends to participate in the capital increase of Qinghai Lihao Semiconductor Materials to improve the supply chain.
One of the largest merchant solar cell producers in the world, Aiko Solar has now established a base in Europe, with the intention of accessing the best of the R&D activities the region can provide. PV Tech speaks to Dr Christian Peter, managing director at Solarlab Aiko Lab Europe, to determine the direction of that European facility.
China-based PV module manufacturer and PV project developer and operator, CECEP Solar Energy Co has started an initial phase of construction of an advanced solar cell facility as part of a new strategy to enter and become a major merchant cell producer with a total capacity of 50GW.
Record Q3 revenue has helped major merchant solar cell producer Aiko Solar report nine-month revenue growth of 49.45%, compared to the prior year period, exceeding the company's full-year 2019 revenue figure.
Major merchant solar cell producer Aiko Solar may have increased first half year revenue 30% compared to the prior year period, but COVID-19 and solar cell average price declines, triggered by weak demand, sent net profits falling by 68% year-on-year.
Preliminary data compiled by PV Tech highlights an unprecedented level of solar industry capacity expansion plans having been announced in just the first quarter of 2020, easily surpassing any total annual plans in the history of the industry.
Aiko Solar has been celebrating its 10th anniversary in 2019 and has become the largest merchant solar cell producer in the last few years, focusing on high-efficiency cells, notably mono-PERC (Passivated Emitter Rear Cell] production, and is the first-tier producer of this cell type in 2018.
