- SunDrive opens solar manufacturing facility in Kurnell, NSW.
- First mass-manufactured solar cell in Australia in over a decade.
- Govt committed to supporting domestic solar manufacturing industry.
- Australia to put 60 million solar panels on roofs in the next 7 years.
- Only 1% of solar panels in Australia have been made in Australia.
Mass production of solar cells in Australia
Sharp creates world record Tandem PV cell
Sharp has set a new record with a 33.66% efficiency in tandem solar cells. The innovative double-step junction design has replaced the previous triple-junction cell, resulting in significant cost reductions. Sharp’s focus extends to the creation of modules for electric vehicles, mobile devices, and aerospace applications. This ground-breaking achievement will be revealed at the SHARP Tech-Day event in Tokyo.
SunPower’s financial accuracy under scrutiny
SunPower faces class action lawsuits for allegedly misleading investors about misreported cost metrics. The company admitted to internal financial control issues and potential $16-20 million overstatement of consignment inventory, planning a restatement for fiscal 2022 and H1 2023. It is negotiating with Bank of America for upcoming financial restatements.
SunPower reports earnings loss this quarter
SunPower reports earnings loss this quarter
SunPower’s Q3 2023 revenue is $432 million, which is down 9% year-over-year, and the gross margin has decreased from 22.4% to 15.5%. They gained 18,800 new customers in Q3 and are expecting a total of 18,400 retrofit and 38,000 New Homes customers in Q4. The company achieved an impressive 163% quarterly growth in SunVault battery storage sales.
JinkoSolar reports strong Q3 growth
- Quarterly shipments were 22,597 MW ,up 108.2% year-over-year.
- Shipments includes 21,384 MW for module and 1,213 MW for cell & wafer.
- Total revenues were RMB31.83 billion, up 3.7% sequentially.
- Gross profit was RMB6.13 billion , up 99.7% year-over-year.
Huasun expands Himalaya product line
- Huasun completes 1st cell production line at 5 GW HJT facility.
- Rolls out first batch of 182mm rectangular cells, a high-efficiency product.
- 182R cells enhance diversity in Huasun’s Himalaya series.
Reesun Solar invests in 10 GW PV cell and BIPV plant
- Reesun Solar begins 10 GW TOPCon cell and BIPV materials fab Shandong Province.
- Facility will have 20 TOPCon cell lines with 10 GW of N-type cell output.
- RMB 4.5 billion to be invested in the 500-acre project.
- Project anticipates annual income of RMB 12 billion at full cap.
Opdenergy’s signs a 12 year Chilean solar deal
- Opdenergy signs a 12 year PPA for 108 MW Alcones PV plant in Chile.
- PPA will supply 140 GWh/year to an Investment Grade International Utility.
- Including Alcones, its chilean PV installed portfolio will be 300 MW.
- The plant is expected to generate power equivalent to 86,000 households.
- Alcones can avoid emission of 62,000 tonnes of CO2 per year.
Soltec supplies SF7 trackers in Virginia project
- Soltec to supply 92 MW SF7 solar trackers in Virginia.
- The plant is expected to reduce 164,588 tons of CO2 emissions.
- Once operational, energy generated is equivalent to power nearly 10,000 homes.
- The tracker supply is expected in Q1 2024.
Green Genius partners with Mundus Bridge Finance
- Green Genius secures €9.5M financing from Mundus Bridge Finance.
- Investment is to develop 500 MW of renewable projects in Romania.
- Green Genius entered Romanian market in 2020, focusing on solar.
- Green Genius also considers acquiring early-stage projects.