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Liquidity constraints, delayed projects and shaken investor sentiment are weighing heavily on the solar and storage sectors this summer. European Solar CEO Gerard Scheper shares how companies can best deal with these difficult market conditions.
Rising cell prices, falling export values, stable polysilicon – the solar market is sending mixed signals. We spoke with Gerard Scheper, CEO of European Solar, about what the latest figures reveal for the road ahead.
LONGi reported a net loss of 1.261 billion CNY (€170 million) in Q3 of this year. To return to profitability, the Chinese manufacturer is increasingly relying on high efficiency PV modules with back contact technology.
The summer of 2024 has not led to an increase in demand for solar panels. Due to the low prices, the financial problems continue, according to Gerard Scheper, CEO of European Solar. "Consumer interest and market are actually temporarily 'on pause', but a company cannot be on pause for a year. Fortunately, the C&I market and batteries still offer some hope."
PV InfoLink has updated its analysis of product market share based on different sizes of silicon wafers, indicating that, with M10 modules having a share exceeding 60% in the first half of the year, the overall figure for the format in 2022 has increased to 58%.
CS Wismar introduces three new formats for its glass-foil and glass-glass modules. By using half cells and wafers of 182 square millimetres, the new modules achieve up to 490 watts.
Trina Solar and Tongwei join forces to further upgrade the integrated industrial chain for 210mm solar modules. They invest about 2.3 billion US dollars in new manufacturing facilities.
PV module prices are to rebound into an uptrend as global wafer prices surge once again, the analysts from TrendForce say.
