Arctech says it plans to open a 3 GW tracker manufacturing facility in Saudi Arabia. The tracker producer says the power in Jeddah will likely be designed to achieve as much as 10 GW of capability.
Arctech Photo voltaic has launched a brand new partnership with the Saudi Authority for Industrial Cities and Expertise Zones (MODON) to arrange a manufacturing facility in Jeddah, Saudi Arabia. The manufacturing facility will cowl an space of roughly 97,000 sq. meters and may have a manufacturing capability of three GW, with the potential to achieve as much as 10 GW by means of localized manufacturing. It would give attention to PV-supporting tracker merchandise for native prospects.
JinkoSolar has recorded 21,907 MW of complete shipments for the primary quarter of 2024, together with 19,993 MW of PV modules and 1,914 MW of wafers and photo voltaic cells. It additionally reported that its web revenue attributable to shareholders fell 29.09% yr on yr to CNY 1.176 billion ($162.4 million). It attributed the decline to low costs and rising competitors. For the second quarter, JinkoSolar mentioned it expects module shipments to vary between 24 GW and 26 GW.
Trina Photo voltaic has signed a provide settlement with PetroGreen Power Corp. (PGEC), a renewable vitality developer within the Philippines. The settlement includes the provision of 117 MW of high-performance PV module merchandise from Trina Photo voltaic’s Vertex collection N-type TOPCon modules to PGEC’s subsidiary, Rizal Inexperienced Power Corp. (RGEC), for a spread of tasks.
Daqo New Power recorded $415.3 million of income in first quarter of 2024, and a revenue attributable to shareholders of $15.5 million. Its polysilicon gross sales quantity reached 53,987 metric tons (MT), whereas its complete manufacturing quantity hit 62,278 MT, up from 61,014 MT within the fourth quarter of 2023.
Golden Photo voltaic New Power Expertise mentioned its income elevated by 7.7% to CNY 295.35 million ($40.79 million) in 2023, pushed by gross sales of its forged mono wafer merchandise, heterojunction (HJT) photo voltaic merchandise, and heterojunction again contact (HBC) choices, in addition to its authentic tools producer (OEM) enterprise. Gross sales from OEM enterprise grew by roughly 11.7% to CNY 209.37 million, whereas income from PV merchandise elevated by 12.9% to CNY 79.75 million, pushed by gross sales to European prospects. It recorded a web lack of CNY 326.4 million for the yr.
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