LONGi Solar recorded a 21% leap in net profit in the first half of the year despite what it described as a “moderate” adjustment to capacity utilisation rates in the wake of market demand.
LONGi has increased its wafer prices for the first time in nearly two months with the industry braced for continued high prices throughout the rest of the year.
Amidst surging materials costs, the solar industry needs to avoid any “gaming” on price between upstream and downstream sectors as it could be “very dangerous for both sides”. Leo Xiang, general manager at Jiang Tai Insurance Brokers’ energy department, speaks to PV Tech about the potential remedies to the situation.
In the second part of a two-part feature on the solar industry’s response to polysilicon price increases, Carrie Xiao hears from industry leaders about the importance of technology innovation, efforts to reduce waste and the need to avoid cutting prices blindly just to appease customers.
In the face of rising materials costs and natural disasters impacting output, solar manufacturers should heighten their focus on insurance placement to protect against large losses, a Chinese insurance broker has told PV Tech.
Price increases in polysilicon and other auxiliary solar module materials have exerted much pressure on manufacturers, JA Solar has said, impacting on profitability in the first half of 2021. Xinming Huang, senior vice president at JA Solar, tells PV Tech how the company is responding.
Leading solar module and wafer provider LONGi has increased its wafer prices by around 12%, reflecting increased material and components prices being felt across the industry.
Companies are purchasing solar, wind, and other forms of renewable energy more than ever before. The power purchase agreement (PPA) market in Europe has grown to a cumulative capacity of over 12GW, with a record 4GW signed in 2020. Corporate climate commitments are opening doors for investment in renewable energy, and continued price declines are convincing companies to sign new contracts. Is the European market ready to fulfil its potential? By Dr. Mercè Labordena, senior policy advisor at SolarPower Europe, and Milena Koot, communications advisor at SolarPower Europe
Polysilicon manufacturer Daqo New Energy has submitted new documents regarding a potential initial public offering (IPO) to the Shanghai Stock Exchange, detailing how proceeds will be spent on new facilities.
In the first of a two-part feature Joseph C. Johnson, technology and quality senior analyst at Clean Energy Associates, explores recent polysilicon price volatility and its impact on the upstream solar sector.
