Chinese manufacturer JA Solar has announced a new 525 W+ panel and said the product will be available from the second half. Domestic rival Risen has shipped the first batch of its high-powered modules and intends to stick to pre-Covid-19 plans to ramp up production.
It’s solar earnings season and there’s a clear, non-surprising theme: The first quarter was strong and largely unimpacted by the pandemic, but the second quarter and 2020 as a whole is uncertain.
“Despite the uncertain economic environment, demand for our Series 6 product remains strong, as evidenced by the 1.1 GWDC of net-bookings since our prior earnings call.”
Longi and Sungrow both announced solid financial results last week. Module maker China Solar delayed the resumption of trading on the Hong Kong stock exchange, and polysilicon producer GCL-Poly unveiled plans to raise up to $16.8 million by issuing shares. Coal miner Baofeng Energy, meanwhile, announced the construction of what it claims will be the world’s largest PV-powered hydrogen plant, and Seraphim and Lu’An Solar revealed that they will open a 5 GW PV panel factory in China’s Jiangsu province.
Despite the pandemic, capital is still pouring into solar.
Renewable energy industry officials are hopeful that a post-pandemic comeback is possible in 2021 but, “Supply chain issues haven’t played out yet,” said George Strobel of Monarch Capital.
The company claimed 25.2% of the residential solar module market, while controlling 13.3% of the commercial and industrial market, according to WoodMac’s Q1 2020 U.S. PV Leaderboard. The achievement marks the first time Q Cells has topped both markets, as well as the first time any company has held a residential market share of 25% or greater.
Trina Solar has been manufacturing its 500 W modules for a month now and plans to increase module output to more than 600 W in the future.
The First Solar-developed Rabbitbrush project will provide electricity for these two community choice aggregators for 15 years.
The solar efficiency leader remains on track to complete its planned split into two independently focused pure-play solar companies by the end of the second quarter.
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