Arctech says it plans to open a 3GW tracker factory in Saudi Arabia. The tracker manufacturer says the Jeddah facility will be designed to reach a capacity of up to 10 GW.
Arctech Solar has launched a new partnership with the Saudi Authority for Industrial Cities and Technology Zones (MODON) to establish a manufacturing facility in Jeddah, Saudi Arabia. The plant will cover an area of ​​approximately 97,000 square meters and have a production capacity of 3 GW, with the potential to reach up to 10 GW through local production. It will focus on PV-enabled tracker products for local customers.
JinkoSolar has recorded 21,907 MW of total shipments for the first quarter of 2024, including 19,993 MW of PV modules and 1,914 MW of wafers and solar cells. It also reported that net profit attributable to shareholders fell 29.09% year-on-year to CNY1.176 billion ($162.4 million). It attributed the decline to low prices and increasing competition. For the second quarter, JinkoSolar said it expects module shipments to be between 24 GW and 26 GW.
Trina Solar has signed a supply agreement with PetroGreen Energy Corp. (PGEC), a renewable energy developer in the Philippines. The agreement includes the supply of 117 MW of high-performance PV module products from Trina Solar’s Vertex series N-type TOPCon modules to PGEC’s subsidiary, Rizal Green Energy Corp. (RGEC), for a series of projects.
Daqo New Energy posted revenues of $415.3 million in the first quarter of 2024 and profit attributable to shareholders of $15.5 million. Polysilicon sales volume reached 53,987 tonnes (MT), while total production volume reached 62,278 MT, compared to 61,014 MT in the fourth quarter of 2023.
Golden solar energy technology said its 2023 revenue increased 7.7% to CNY295.35 million ($40.79 million), driven by sales of its cast monowafer products, heterojunction (HJT) solar products and heterojunction back contact (HBC) offerings, as well as are original equipment manufacturer (OEM) company. Revenue from the OEM business grew by approximately 11.7% to CNY 209.37 million, while revenue from PV products increased by 12.9% to CNY 79.75 million, driven by sales to European customers. It posted a full-year net loss of CNY326.4 million.
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