Canadian Solar says that his net profit in the first quarter of 2025 fell nearly 92% in falling margins, while China Energy Engineering Corp. (CEEC) says that the Shanghai Stock Exchange has approved its targeted issue of A-Share to increase 15 billion (USD 2.09 billion) for energy projects.
Canadian solar energy Said that the profit of the first quarter for 2025 years after year fell by 91.83% to CNY 47.26 million ($ 6.58 million), because sales fell by 10.54% to CNY 8.586 billion in the midst of declining margins in core business lines. Module readings rose 9.4% to 6.9 GW. The energy storage unit, e-storage, placed a record of 91 GWH in contracted backlog, with an estimated order value of $ 3.2 billion. Recurrent Energy, the company’s energy development unit, now has a worldwide project pipeline of 27 GW in solar energy and 76 GWH in battery storage. Canadian solar sun income from the second quarter between $ 1.9 billion and $ 2.1 billion, with gross margins from 23% to 25%, modules shipments from 7.5 GW to 8.0 GW and deliveries of energy storage system from 2.4 GWh to 2.6 GWH.
CEEC said that the Shanghai Stock Exchange has approved its application for a targeted issue of A-share. The company is planning to collect CNY 15.00 billion, including issue costs, to finance large -scale energy -based projects and to supplement CNY 4.5 billion in working capital.
The China Non -Ferrous Metal Industry Association (Cnmia) said that the Chinese silicone market was further softened last week, with N-Type Rod Silicon trade on CNY 36,000/tonne to CNY 41,000/tonne and average CNY 38,600, a decrease of 1.53% week a week. N-type grainy silicon kept stable at an average of CNY 36,000, while P-Type Polysilicon fell by 3.10% to CNY 31,300. April Polysilicon output was 99,100 tons, a decrease of 6.08% from March. Waffle prices continued to fall on a weak demand and low use. N-type G10L waffles (182 mm x 183.75 mm, 130 urn) average CNY 0.95, a decrease of 5.94%; N-type G12R (182 mm x 210 mm) dropped 1.79% to CNY 1.10; and G12 waffles (210 mm x 210 mm) fell 3.70% to CNY 1.30). With most waffle plants that already have minimal capacity and spot prices under the costs, the CNMIA said that further disadvantage seems to be limited.
VANDA RE has signed a 1 GW Framework Supply Agreement with Longi for a solar and storage project on the Riau Islands of Indonesia. The joint venture between Gurīn Energy and Gentari said that Longi will deliver high-quality PV modules that meet local content requirements. The 2 GWP-Zonne-and 4.4 GWH storage project is part of a green economic corridor from Indonesia-Singapore aimed at strengthening clean technical supply chains, reducing renewable energy costs and positioning Indonesia as a regional green energy hub. Leaders of both parties said that the cooperation will support local growth, cross -border cooperation and low -carbon efforts in the Association of Southeast Asian Nations (ASEAN).
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