News

Can Canadian Solar Meet Shipment Expectation in Q2?

published: 2019-07-23 9:30
The Q1 shipment volume of Canadian Solar hit 1,423 MW, compared with the company's original forecast of 1.3-1.4 GW. The company racked up revenues of US$484.7 million in Q1, but incurred a net loss of US$17.2 million. ...  more

Is Perovskite PV Cell a Dark Horse?

published: 2019-07-22 13:49
A research team from Saudi Arabia’s King Abdullah University of Science and Technology has developed a durable Perovskite PV cell with a conversion rate reaching 21.09%, marking a major breakthrough for the emerging technology.  ...  more

LONGi Lands Order for 1.31 Billion Mono-Si Wafers

published: 2019-07-19 14:42
LONGi on July 16 announced that it has inked contracts with the Vietnamese PV Cell manufacturer Vina Solar for the supply of 1.31 billion mono-si wafers. The deal, which is valued at US$540 million, is equivalent to 17% of the company's entire 2018 sales, according to the company. ...  more

ABB Exits PV Inverter Market

published: 2019-07-19 10:57
ABB, a major Swiss electromechanical firm, has decided to withdraw from the PV inverter market, selling its PV inverter division to FIMER SpA, an Italian PV inverter firm and paying the latter US$470 million to cover the red ink of the division. ...  more

Reuters: LG Chem Plans to Build a New US$1.7 Billion EV Battery Plant in the US

published: 2019-07-18 10:25
LG Chem, South Korea’s major manufacturer of powertrain batteries for electric vehicles (EVs), is contemplating on investing a second battery production plant in the US so as to meet the increasing demand from American car makers, according to an exclusive report from Reuters on July 11. Sources with knowledge on this matter told Reuters that LG is planning to commit as much as US$1.7 billion into this project, and that the new plant could be up and running as early as 2022. ...  more