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Home - Solar Industry - Chinese PV Industry Brief: Solargiga predicts a net loss for the first half of the year
Solar Industry

Chinese PV Industry Brief: Solargiga predicts a net loss for the first half of the year

solarenergyBy solarenergyAugust 16, 2024No Comments2 Mins Read
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Solargiga said it expects a net loss of between CNY95 million ($13.3 million) and CNY115 million for the first half of 2024.

August 16, 2024 Vincent Shaw

The TOPCon PV module from Solargiga

Image: pv magazine

Solargiga expects to report an unaudited loss of between CNY95 million and CNY115 million for the first half of 2024, based on a profit of approximately CNY100 million in the first six months of 2023. It attributes the expected loss to lower deliveries of solar panels, a sharp drop in PV module prices and inventory write-offs. The module maker said it now plans to increase operational efficiency and keep costs under strict control.

China Huaneng has announced its second framework tender for solar modules for 2024, targeting an estimated capacity of 15 GW. The tender round includes 13.5 GW of n-type tunnel oxide passivated contact (TOPCon) bifacial PV modules and 500 MW of n-type heterojunction (HJT) solar panels. The tender results will be announced on September 4.

Haiti solar energy said it has extended the construction period for its “2 GW HJT Solar Module R&D and Manufacturing Project” to March 31, 2025, and the “R&D Laboratory Expansion Project” to December 31, 2025. The company said the delay is a decision based on the current project conditions and does not affect the scope, implementation, fundraising goals or overall investment of the plan.

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See also  Chinese PV leaders ask Beijing for new pricing mechanisms

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