Diversified renewables firm Shunfeng International Clean Energy (SFCE) has halted trading in its Hong Kong traded stocks as it prepares to submit an update to its protracted potential sale of its PV manufacturing operations, including Wuxi Suntech.
This article continues our series of features introducing new methodology that allows leading PV module producers to be categorised, ranked and short-listed by manufacturing and financial strength metrics; ultimately providing an investor-risk (or bankability) profile of PV module suppliers for non-residential end-market selection.
Diversified renewables firm Shunfeng International Clean Energy (SFCE) is close to an agreement to sell its manufacturing operations, which include Wuxi Suntech, as well as other international operations, including power plant monitoring firm, meteocontrol to reduce debts of RMB12,295.3 million (US$1.83 billion).
Diversified renewable energy firm Shunfeng International Clean Energy (SFCE) expects to report a loss in 2018 of approximately US$254 million, due to PV product ASP declines and impairment charges to its manufacturing operations.
The first wave of public listed China-based, China centric PV manufacturers reporting first half year financial results offers insight into the impact on companies after the Chinese Government capped utility-scale and distributed generation (DG) PV power plant projects at the end of May, 2018.
Following an extensive research process over the past couple of weeks, we can now reveal the top-10 module suppliers (by shipment volumes) for the calendar year 2017.
