Friday, June 14, 2024

Arctech to construct 3 GW manufacturing unit in Saudi Arabia – pv journal Worldwide


Arctech says it plans to open a 3 GW tracker manufacturing unit in Saudi Arabia. The tracker producer says the Jeddah facility is designed to achieve 10 GW of capability.

Arctech Solar has launched a brand new partnership with the Saudi Authority for Industrial Cities and Technology Zones (MODON) to determine a manufacturing facility in Jeddah, Saudi Arabia. The manufacturing unit covers roughly 97,000 sq. meters and has a manufacturing capability of three GW, with the potential to achieve as much as 10 GW by way of native manufacturing. It will deal with PV-supporting tracker merchandise for native prospects.

JinkoSolar recorded 21,907 MW of whole shipments within the first quarter of 2024, together with 19,993 MW of PV modules and 1,914 MW of wafers and photo voltaic cells. It additionally reported that web revenue offered to shareholders fell 29.09% year-on-year to CNY 1.176 billion ($162.4 million). It attributed the decline to low costs and rising competitors. For the second quarter, JinkoSolar mentioned it expects module shipments to be between 24 GW and 26 GW.

Trina Solar signed a provide settlement with PetroGreen Energy Corp. (PGEC), a renewable vitality developer within the Philippines. The settlement contains the provision of 117 MW of high-performance PV module merchandise from Trina Solar’s Vertex collection N-type TOPCon modules to PGEC’s subsidiary, Rizal Green Energy Corp. (RGEC), for varied tasks.

Daqo New Energy recorded $415.3 million in income within the first quarter of 2024, and a revenue offered to shareholders of $15.5 million. Its polysilicon gross sales quantity reached 53,987 metric tons (MT), whereas the overall manufacturing quantity reached 62,278 MT, up from 61,014 MT within the fourth quarter of 2023.

Golden Solar New Energy Technology mentioned its income rose 7.7% to CNY 295.35 million ($40.79 million) in 2023, pushed by gross sales of its forged mono wafer merchandise, heterojunction (HJT) photo voltaic merchandise, and heterojunction again contact (HBC) ) choices, in addition to its unique gear. producer (OEM) enterprise. Sales from its OEM enterprise grew by roughly 11.7% to CNY 209.37 million, whereas income from PV merchandise elevated by 12.9% to CNY 79.75 million, pushed by gross sales to prospects in Europe. It recorded a web lack of CNY 326.4 million for the 12 months.

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