The decline reflects the broad trend across the solar manufacturing industry, where severe downward pressure on prices—brought about by an excess of product supply—has squeezed manufacturers' margins and pushed some into the red.
The Middle East has become a key market for Chinese PV companies, both as a source of demand for hardware and also as a hotspot for new manufacturing hubs. Carrie Xiao reports on some of the latest developments in the region.
Chinese solar module manufacturer JinkoSolar has submitted plans for a 600MW solar-plus-storage project in Queensland, Australia, to the federal government.
Global module prices are unlikely to fall much further and could begin to stabilise, the chairmen of two of China’s largest PV manufacturers, Trina Solar and JinkoSolar, have said.
