Canadian Solar reported record quarterly revenue in Q2 2021, buoyed by a return to profit from its manufacturing division, but reduced its total shipment guidance for the year amidst continued industry headwinds.
Solar glass provider Xinyi Solar has reported a more-than-doubling of profits in H1 2021, but warned that weaker demand and lower prices for solar glass will dampen its results in the second half of the year.
Finlay Colville, head of market research at PV Tech Research, explores how solar PV has become dependent on low-cost manufacturing, facilitating a dominance by China-based players, and how the industry could engage with current scrutiny of solar’s supply chain.
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.
Solar wafer and cell manufacturers in China have hiked their prices once again this month after a jump in spot prices for polysilicon in the country, while earthquakes have also disrupted upstream production.
Indian independent power producer (IPP) ReNew Power has selected a site in the state of Gujarat for a new solar cell and module manufacturing facility that will have an annual capacity of 2GW.
Manufacturers of solar glass are expecting average selling prices to fall over the course of 2021 as more capacity comes onstream, but high prices last year helped send profits soaring.
PV Tech's Carrie Xiao analyses the health of the solar glass sector in 2020, reports of record profits from the industry's leading players, and takes a look at the year ahead.
Polysilicon provider Wacker witnessed a sales recovery in the second half of 2020, but ongoing cost reductions coupled with weak first half demand led to polysilicon plant utilisation rates averaging 85%.
