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Statkraft AS, Europe's largest renewable energy generator, has announced plans to divest its businesses in the Netherlands, Croatia, and India to focus on core markets in Europe and South America. The company aims to upgrade hydropower and wind resources in Norway with a $6.1 billion investment and increase solar, wind, and battery storage projects in key markets by 2-2.5 GW from 2026. CEO Birgitte Ringstad Vartdal stated that the company is reallocating capital to its core business and reorganizing its operations, including the creation of a new technology and project delivery division. [Extracted from the article]

The new Treasury Department rule allows solar ingot and wafer manufacturing projects in the US to qualify for a 25% tax credit, aiming to boost investment in domestic production of equipment for solar panels. This rule extends the reach of an investment tax credit created under the US Chips and Science Act to include semiconductor and solar wafers. The policy is welcomed by solar manufacturers and renewable developers as it helps cultivate a deeper domestic supply chain beyond panel assembly, with a focus on conventional crystalline silicon panels. The move is seen as a step towards countering China's dominance in the clean energy supply chain and promoting domestic production of the full solar supply chain. [Extracted from the article]

Germany is implementing protective measures to safeguard its domestic and European wind industry from Chinese competition. The economy ministry has outlined an action plan to ensure fair competition, enhance cyber security, and reduce reliance on critical components. This move follows concerns over Chinese manufacturers' involvement in European projects and aims to maintain the competitiveness of the wind industry in Germany and Europe. Additionally, the government plans to provide financial guarantees for wind turbine manufacturers and scrutinize the financing of Chinese companies that may distort competition. [Extracted from the article]

Germany is implementing protective measures to safeguard its domestic and European wind industry from Chinese competition. The economy ministry has outlined an action plan to ensure fair competition, enhance cyber security, and reduce reliance on critical components. This move follows concerns over Chinese manufacturers' involvement in European wind projects, with a focus on maintaining competitiveness and fostering future value creation in the region. Additionally, the government plans to provide financial guarantees for wind turbine manufacturers and scrutinize the financing of Chinese companies that may distort competition or go against national and European industrial policy interests. [Extracted from the article]

According to a report by Gogla, a global organization representing off-grid solar product makers, $21.3 billion needs to be invested by 2030 to provide power to millions of people without access to electricity and reverse the recent increase in the number of people without power. The report states that the off-grid solar industry faces challenges in accessing finance. The World Bank and the African Development Bank are also working on a plan to provide electricity to 300 million Africans by 2030, with a pledge of $30 billion. The majority of those without electricity live in sub-Saharan Africa, and off-grid power is seen as the most cost-effective solution for 41% of those without power. The required investment would need to come from a combination of debt, equity, subsidies, and grants. [Extracted from the article]

Global semiconductor manufacturers are closely monitoring the supply of high-purity quartz, a crucial material for the industry, after Hurricane Helene caused production to halt at two mines in North Carolina that produce the majority of the world's supply. While companies like Taiwan Semiconductor Manufacturing Co. and Germany's Infineon Technologies AG do not anticipate significant impacts to their operations, they are keeping tabs on the situation. South Korea's Samsung Electronics Co. and SK Hynix Inc. also do not expect any repercussions. The full impact on the chipmaking sector remains uncertain, but companies are skilled at stockpiling essential components, and operations in North Carolina are expected to resume eventually. [Extracted from the article]

Global semiconductor manufacturers are closely monitoring the supply of high-purity quartz, a crucial material for the industry, after Hurricane Helene caused production to halt at two mines in North Carolina that produce the majority of the world's supply. While Taiwan Semiconductor Manufacturing Co. and Germany's Infineon Technologies AG do not anticipate significant impacts to their operations, they are keeping tabs on the situation. South Korea's Samsung Electronics Co. and SK Hynix Inc. also do not expect any repercussions. The mines near Spruce Pine, North Carolina, account for over 80% of the world's supply of commercial high-purity quartz. The impact on the global chipmaking sector remains uncertain, but semiconductor firms are skilled at stockpiling essential components, and operations in North Carolina are expected to resume eventually. [Extracted from the article]

Hurricane Helene has caused the suspension of two major quartz mining operations in North Carolina, which together produce over 75% of the world's high-purity quartz. The mines, owned by Sibelco and Quartz Corp., have been closed since September 26 and it is uncertain when production will resume. The impact on the global chipmaking industry is unclear, as companies often stockpile essential components, but a prolonged disruption in supply could lead to increased use of synthetic alternatives. The community in Spruce Pine, where the mines are located, has been severely affected by the storm, with flooding and power outages. [Extracted from the article]

Hurricane Helene has caused the shutdown of two quartz mining operations in North Carolina, which together produce over 75% of the world's high-purity quartz. The mines, operated by Sibelco and Quartz Corp., have been closed since September 26 and it is uncertain when production will resume. The mines are located near Spruce Pine, a town that is a major global supplier of quartz. The disruption in supply could potentially lead to increased use of synthetic alternatives in the solar and semiconductor industries. The community has been severely affected by the storm, with flooding and power outages, making the restart of operations a secondary concern. German chipmaker Infineon Technologies AG does not anticipate a significant impact on major firms in the industry at this time. [Extracted from the article]

Global semiconductor manufacturers are closely monitoring the supply of high-purity quartz, a crucial material for the industry, after Hurricane Helene caused production to halt at two mines in North Carolina. Taiwan Semiconductor Manufacturing Co. and Infineon Technologies AG stated that they do not anticipate any significant impact on their operations, while Samsung Electronics and SK Hynix also do not expect repercussions. The mines near Spruce Pine, North Carolina, account for over 80% of the world's supply of commercial high-purity quartz. The impact on the chipmaking sector remains uncertain, but semiconductor firms are skilled at stockpiling essential components. [Extracted from the article]

Two major quartz mining operations in North Carolina, which produce the majority of the world's high-purity quartz used in solar and semiconductor industries, have been halted for almost a week due to Hurricane Helene. The mines, located near Spruce Pine, account for over 80% of the global supply of commercial high-purity quartz. While the impact on the chipmaking sector remains uncertain, major chipmakers like Infineon Technologies AG and Taiwan Semiconductor Manufacturing Co. do not anticipate significant disruptions to their operations. The mining community is currently focused on dealing with the aftermath of the storm, and the restart of operations is a secondary concern. [Extracted from the article]

The US Commerce Department has imposed preliminary duties on solar imports from Southeast Asia, citing illegal government aid. Domestic panel makers argue that cheap imports are harming their operations and requested the duties. The targeted nations, including Thailand and Vietnam, provide the majority of US solar cell and module imports, and the countervailing duties will result in higher prices for renewable developers. The case is part of a larger effort by US manufacturers to confront overseas rivals, and Chinese officials have expressed concerns about the impact on the US energy transition and climate change efforts. The investigation is ongoing, and final rates could be adjusted based on the results. [Extracted from the article]

Indian producers of components used in solar panels, including solar glass, back sheets, and aluminum frames, are seeking trade protections against cheap imports, particularly from China and Vietnam. The Solar Ancillary Manufacturers' Association has written to the government requesting tariff and non-tariff barriers to curb the influx of inexpensive solar products. They argue that these measures are necessary to expand domestic capacity and create a level playing field. The association is also calling for the reinstatement of an anti-dumping duty on solar glass and a mandate for module makers to use a certain amount of domestic content in their products. [Extracted from the article]

The US residential solar market is expected to receive a boost from a recent cut in interest rates by the Federal Reserve. Lower rates will make it more affordable for consumers to finance rooftop solar projects, which have been negatively impacted by higher interest rates in recent years. This is particularly important for residential systems, as financing costs have a greater impact on homeowners. The rate cut is expected to make solar more affordable and increase demand, potentially leading to a surge in rooftop power installations. [Extracted from the article]

Sunrun Inc. shares dropped after the company announced the end of its sales partnership with Costco Wholesale Corp. The decision was made due to the companies' inability to reach mutually agreeable terms. Costco expressed dissatisfaction with Sunrun's subscription model, which provides less upfront revenue. However, Sunrun stated that the change will not significantly impact its sales volume or cash generation projections. This development comes at a challenging time for the rooftop solar industry, which has experienced a slowdown in sales due to higher interest rates and reduced incentives in California, the largest residential solar market. [Extracted from the article]

Meyer Burger Technology AG, a Swiss solar panel maker, has announced a restructuring plan and changes in its top leadership in an effort to return to profitability. The CEO and CFO will be replaced, and 200 jobs will be cut. The company's struggles reflect the challenges faced by the solar panel industry in Europe and the US, where cheap Chinese products dominate the market. Despite government support, Meyer Burger has faced difficulties and recently failed to establish a cell factory in the US. The company's shares fell by 13% following the announcement. Meyer Burger now aims to achieve revenue of 350-400 million Swiss francs from 2026 onwards. [Extracted from the article]

Swiss solar panel maker Meyer Burger Technology AG has announced a restructuring plan and changes to its top executives in an effort to return to profitability. CEO Gunter Erfurt and CFO Markus Nikles will be leaving the company, and around 200 jobs will be cut from its workforce. The company's struggles reflect the challenges faced by the solar panel industry in Europe and the US, where cheap Chinese products dominate the market. Meyer Burger plans to focus on existing production capacity and long-term supply agreements with key customers to achieve revenue targets in the future. [Extracted from the article]

Lumio, a residential solar panel provider, has filed for bankruptcy and plans to sell its business to its primary lender, White Oak Global Advisors. The Utah-based company filed for Chapter 11 bankruptcy, listing assets and liabilities between $100 million and $500 million. The sale to White Oak is in the form of a $100 million credit bid, subject to better offers. The bankruptcy filing reflects the challenges faced by the US solar industry, including subsidy changes in California and high interest rates. Lumio has stated that its operations will not be interrupted by the bankruptcy filing, and White Oak has expressed intentions to offer significant equity ownership to the company's employees if selected as the winning bidder. [Extracted from the article]

Lumio, a residential solar panel provider, has filed for bankruptcy and plans to sell its business to its primary lender, White Oak Global Advisors. The Utah-based company filed for Chapter 11 bankruptcy, listing assets and liabilities between $100 million and $500 million. The bankruptcy filing reflects the challenges faced by the US solar industry, including subsidy changes in California and high interest rates. Lumio has stated that its operations will not be interrupted by the bankruptcy filing, and White Oak has agreed to provide $8 million in financing to fund the business during the bankruptcy process. [Extracted from the article]

TotalEnergies SE, a French energy company, will invest $444 million in a new joint venture with Adani Green Energy Ltd. to develop solar projects in India. The joint venture will have a 50% stake from TotalEnergies and the other half from Adani Green. This investment will increase TotalEnergies' presence in India's growing energy market and allow Adani Green to develop new renewable projects. The joint venture will include a portfolio of 1,150-megawatt solar projects. Last year, TotalEnergies invested $300 million in a joint venture with Adani Green for wind and solar assets in India. [Extracted from the article]

China's solar manufacturers have experienced significant losses due to a glut in the industry, but there are signs that the situation may be improving. Longi Green Energy Technology Co. and other leading solar firms have reported combined losses of $2 billion in the first half of the year. However, Goldman Sachs and Morgan Stanley predict that factory closures and stabilizing equipment prices could help rebalance the market. The Chinese solar industry's overcapacity can be traced back to ambitious expansion plans that resulted in an excess supply. The industry's health is crucial for the fight against climate change, but it is facing challenges from trade tensions with the US and Europe. The US plans to increase import tariffs on Chinese solar equipment, and trade relations with the EU are deteriorating. Chinese manufacturers are responding to poor profitability and uncertainties by seeking government intervention and considering consolidation. While it may take another six to 12 months for prices to rise to sustainable levels, the industry is expected to reach a cyclical bottom in 2025. [Extracted from the article]

The article reports on the opposition of Republican lawmakers in Texas to solar power development projects in the region. Topics discussed include the growth of operations of the renewable energy industry in Texas, the skepticism expressed by Republican officials regarding the reliability of renewable energy compared to fossil fuels, and the outlook offered by the U.S. Energy Information Administration (EIA) on power generation in Texas in 2023.

China's solar industry has been facing significant challenges due to a massive glut and excess capacity, resulting in record-low prices and billions of dollars in losses for leading solar firms. However, there are signs that the industry may be nearing a turning point. Goldman Sachs predicts an imminent wave of factory closures that could rebalance the market, while Morgan Stanley believes that equipment prices have already bottomed out. Some companies have started to raise prices, and there are calls for government intervention to regulate new factory construction, promote consolidation, and cap price cuts. It may take another six to 12 months for prices to rise back to sustainable levels. The Chinese solar industry's struggles highlight the difficulty of matching production and demand in fast-growing sectors tied to the energy transition. Additionally, rising trade tensions with the US and Europe, including increased import tariffs and disputes over subsidies, are further complicating the situation for Chinese manufacturers. [Extracted from the article]

Longi Green Energy Technology Co., the world's top producer of solar wafers, reported a net loss of 5.24 billion yuan ($739 million) in the first half of the year due to overcapacity in the solar industry, which caused prices to plummet. This loss is in line with what the company had previously predicted and is a significant drop from the net income of 9.2 billion yuan it had a year ago. The Chinese solar industry as a whole is struggling with overcapacity, leading to low prices and financial difficulties for many producers. It is expected to take another six-to-12 months for prices to recover. Another major player in the industry, Tongwei Co., also reported a net loss for the first half of the year. Both companies are calling on the Chinese government to support the industry through consolidation and other measures. [Extracted from the article]

Sungrow Power Supply Co., China's largest solar equipment manufacturer, has reported a 13.9% increase in net income during the first half of the year. This surge in profit is attributed to the country's growing renewable power expansion, which is driving demand for solar equipment. China is expected to expand its solar capacity by up to 220 gigawatts this year, leading to increased market demand. While the solar industry in China is facing consolidation and oversupply issues, Sungrow is faring better due to the success of its main product, inverters. [Extracted from the article]

Chinese exports of critical minerals, such as gallium, germanium, and graphite, are returning to normal levels after restrictions were imposed by the government last year. The spike in exports before the controls were implemented, followed by a drop and subsequent recovery, suggests that fears of a supply shortage for high-tech manufacturers may be unfounded. The restrictions on critical minerals, which China dominates in terms of supply, are seen as a response to US-led controls on China's access to advanced chips and technology. While graphite exports have declined due to increased overseas mining and slowing demand for electric vehicles, gallium and germanium remain strong due to global demand in high-tech applications. [Extracted from the article]

Chinese solar manufacturers are facing insolvency due to oversupply and a price war, leading to companies selling below cost. Zhejiang Bangjie Holding Group Co. is the latest firm to face bankruptcy after missing debt repayments. This follows court orders against two other small solar makers, Zhejiang Akcome New Energy Technology Co. and Gansu Golden Solar Co., to restructure. China's solar industry is undergoing consolidation to rebalance supply and demand, with smaller and newer companies at the greatest risk. The industry group has called for faster consolidation, but it may take another six to 12 months for the supply chain to reach break-even levels. [Extracted from the article]

The US residential-solar industry is facing significant challenges, as demonstrated by the recent bankruptcy of SunPower Corp. The company's financial troubles were exacerbated by high interest rates and a subsidy cut in California, the largest solar market in the country. The situation highlights the need for fiscal discipline and a shift away from growth-focused strategies that rely on external funding. Other solar executives have also emphasized the importance of cash generation and debt repayment over aggressive expansion. The industry as a whole is projected to experience a decline in installations, particularly in California. [Extracted from the article]

The US residential-solar industry is facing significant challenges, as demonstrated by the recent bankruptcy of SunPower Corp. The company's financial troubles were exacerbated by high interest rates and a subsidy cut in California, the largest solar market in the country. The situation highlights the need for fiscal discipline and a shift away from growth-focused strategies that rely on external funding. Other solar executives have also emphasized the importance of cash generation and debt repayment over aggressive expansion. The industry as a whole is projected to experience a decline in installations, with California potentially seeing a 40% drop. [Extracted from the article]

The US residential-solar industry is facing significant challenges, as demonstrated by the recent bankruptcy of SunPower Corp. The company's financial troubles were exacerbated by high interest rates and a subsidy cut in California, the largest solar market in the country. This has led to a slowdown in demand and reduced profits for rooftop solar firms. The situation highlights the need for fiscal discipline and a focus on cash flow rather than external funding for survival in the industry. Other solar executives have also emphasized the importance of generating cash and paying off debt rather than pursuing growth at all costs. [Extracted from the article]

The article discusses the division and controversy surrounding renewable energy projects in rural communities in the Midwest. While some farmers, like Clara Ostrander in Michigan, see the benefits of hosting solar energy projects on their land, their neighbors fear lower property values and the loss of picturesque views. Opponents have used local ordinances to halt green energy projects in many states, but some states, like Illinois and Minnesota, have passed laws to prevent local governments from vetoing renewable energy projects. The push for renewable energy is driven by the Biden administration's goal of net-zero emissions by 2035, but the issue remains contentious and divisive in rural communities. [Extracted from the article]

The article discusses the division and controversy surrounding renewable energy projects in rural communities in the Midwest. While some farmers, like Clara Ostrander in Michigan, see the benefits of hosting solar energy projects on their land, their neighbors fear lower property values and the loss of picturesque views. Opponents have used local ordinances to halt green energy projects in many states, but some states, like Illinois and Minnesota, have passed laws to prevent local governments from vetoing renewable energy projects. The push for renewable energy is driven by the Biden administration's goal of net-zero emissions by 2035, but opponents argue that these projects are an affront to the democratic process and are pushing for a return to local decision-making. [Extracted from the article]

The article discusses the division and controversy surrounding renewable energy projects in rural communities in the Midwest. While some farmers, like Clara Ostrander in Michigan, see the benefits of hosting solar energy projects on their land, their neighbors fear lower property values and the loss of picturesque views. Opponents have used local ordinances to halt green energy projects in many states, but some states, like Illinois and Minnesota, have passed laws to prevent local governments from vetoing renewable energy projects. The push for renewable energy is driven by the Biden administration's goal of net-zero emissions by 2035, but the issue remains contentious and divisive in rural communities. [Extracted from the article]

The article discusses the division and controversy surrounding renewable energy projects in rural communities in the Midwest. While some farmers, like Clara Ostrander in Michigan, see the benefits of hosting solar energy projects on their land, their neighbors fear lower property values and the loss of picturesque views. Opponents have used local ordinances to halt green energy projects in many states, but some states, like Illinois and Minnesota, have passed laws to bypass local authority. The push for renewable energy projects is driven by the Biden administration's goal of net-zero emissions by 2035, but the issue remains contentious and divisive in rural communities. [Extracted from the article]

SunPower Corp., a prominent US solar company, has filed for bankruptcy after facing a series of challenges. The company had to cut costs, restate earnings, and default on a credit agreement. Industry headwinds, such as high interest rates and subsidy changes in California, also impacted the company. SunPower is carrying about $2 billion in long-term debt and has been struggling to avoid potential defaults. The company has agreed to sell assets to Complete Solaria Inc. and is seeking court approval for the deal. Despite SunPower's difficulties, analysts believe that the company's troubles are specific to the company and not indicative of a lack of demand for US residential solar. [Extracted from the article]

SunPower Corp., a former US solar firm, has filed for bankruptcy and plans to wind down its operations. The company listed assets and liabilities of $1 billion to $10 billion in its Chapter 11 petition. It has agreed to sell assets, including its Blue Raven Solar installation unit and new homes businesses, to Complete Solaria Inc. for $45 million. High interest rates and subsidy changes in California, as well as the company's own struggles, have contributed to its downfall. SunPower was known for producing high-quality solar panels but shifted its focus to rooftop installations, which ultimately proved unsuccessful. [Extracted from the article]

SunPower Corp., a former leading solar company in the US, has filed for bankruptcy in Delaware. The company cited high interest rates and subsidy changes in California, as well as its own financial struggles, as reasons for its decline. SunPower had previously focused on residential and commercial rooftop installations but faced challenges due to inflation and high interest rates. The company recently halted new installations and shipments, leading analysts to speculate about its future. [Extracted from the article]

Chinese solar manufacturers are facing financial losses and bankruptcy due to oversupply and price wars in the industry. Zhejiang Akcome New Energy Technology Co., a subsidiary of a Chinese solar firm, recently declared bankruptcy after being unable to pay its debts. The Chinese Communist Party has acknowledged the need to address the issue and prevent vicious competition. While larger companies have been able to survive by implementing production halts and layoffs, smaller companies are struggling to stay afloat. The industry is calling for government measures to facilitate consolidation and encourage larger players to acquire smaller plants. [Extracted from the article]

Chinese solar manufacturers are facing financial losses and bankruptcy due to oversupply and price wars in the industry. Zhejiang Akcome New Energy Technology Co. recently declared bankruptcy after a court ordered a reorganizing process, citing the company's inability to pay debts. The Chinese Communist Party has acknowledged the need to address the issue and prevent vicious competition. While larger companies have been able to survive through production halts and layoffs, smaller companies like Zhejiang Akcome Photoelectric Technology Co. have fewer options to overcome financial challenges. The government has been urged to implement measures to facilitate consolidation and encourage larger players to acquire smaller plants. [Extracted from the article]

Chinese solar manufacturer Zhejiang Akcome New Energy Technology Co. has been forced into bankruptcy due to a supply glut and intense price competition in the industry. This follows a trend of Chinese solar companies facing financial losses and consolidation as prices fall below production costs. While larger companies have been able to survive through production halts and layoffs, smaller players like Zhejiang Akcome have struggled to stay afloat. Another smaller manufacturer, Gansu Golden Solar Co., also entered a pre-reorganization process earlier this month. A Chinese solar industry group has called for measures to facilitate faster consolidation and encouraged larger companies to acquire smaller plants. [Extracted from the article]

Chinese solar manufacturers, Jinko Solar Co. and TCL Zhonghuan Renewable Energy Technology Co., have announced plans to build solar plants worth $3 billion in Saudi Arabia. This move is seen as an effort to expand their production bases globally due to margin pressures in China. The projects in Saudi Arabia are significant for China's clean energy industry, which is also facing trade tensions with the US and its allies. Jinko Solar will set up a joint venture with the Saudi sovereign wealth fund, while TCL Zhonghuan will partner with the fund and Vision Industries on a $2.08 billion plant. Additionally, Sungrow Power Supply Co. has signed a deal with Saudi investment company Algihaz Holding for a storage project, highlighting Saudi Arabia's campaign to boost renewable power production. [Extracted from the article]

Chinese solar firms, TCL Zhonghuan Renewable Energy Technology Co. and Jinko Solar Co., have signed deals worth $3 billion to build solar plants in Saudi Arabia. TCL Zhonghuan will partner with the Saudi sovereign wealth fund Public Investment Fund and Vision Industries Co. on a $2.08 billion plant, while Jinko Solar Co. will form a joint venture with PIF worth about $985 million. This move reflects Saudi Arabia's efforts to increase renewable power production, and Chinese clean energy firms are seeking to expand their manufacturing bases in Saudi Arabia due to domestic margin pressure and trade tensions with the US. [Extracted from the article]

Chinese solar manufacturers Longi Green Energy Technology Co. and Tongwei Co. have both reported significant losses in the first half of the year due to a surplus of solar generation equipment in the Chinese market. This surplus has led to a drop in prices for their products, resulting in no revenue increase despite increased sales volumes. The Chinese government has responded to the industry's struggles by introducing regulations to guide capacity expansions and encourage innovation and cost reduction. Longi's shares rose by over 6% and Tongwei's by almost 4% following the announcement of their losses. However, Longi's chairman has warned that the solar sector will continue to face challenges in the near future. [Extracted from the article]

Qcells, a solar panel maker in Georgia, has received $230 million in federal tax credits and plans to create the first end-to-end solar manufacturing chain in the US. However, the company's Chinese suppliers have received polysilicon from entities on the US government's list of sanctioned entities that use forced labor. While there is no evidence that Qcells panels contain banned polysilicon, questions remain about the company's ability to police its supply chain in China. Some industry observers have called for increased scrutiny of Qcells' supply chain by US Customs and Border Protection officials. [Extracted from the article]

Chinese solar companies Longi Green Energy Technology Co. and Tongwei Co. have both reported significant losses in the first half of the year due to a surplus of solar generation equipment in the Chinese market. The oversupply has led to a drop in prices for their products, resulting in no revenue increase despite increased sales volumes. The Chinese government has introduced regulations to address the issue, including raising capital costs for new factories and implementing higher product quality requirements. While larger manufacturers may benefit from these policies, smaller manufacturers are facing financial challenges, with five companies withdrawing their initial public offering plans in the first half of the year. [Extracted from the article]

Chinese solar manufacturer Longi Green Energy Technology Co. has announced that it expects to report a net loss of 4.8 billion yuan to 5.5 billion yuan for the first half of the year. The company attributes this loss to intense competition and price wars in the solar industry, which have led to a significant drop in prices for its major products. This comes as China's solar industry faces a surplus of production and a decline in demand. The Chinese government has responded by promising to guide capacity expansions and monitor solar factory utilization to improve market conditions. [Extracted from the article]

A solar panel maker in Georgia, Qcells, has received $230 million in federal tax credits and plans to create the first end-to-end solar manufacturing chain in the US. However, the company is currently using base components from China, and two of its Chinese suppliers have received polysilicon from companies on the US government's list of sanctioned entities using forced labor. Qcells has not disclosed details of its polysilicon sourcing, raising concerns about its supply chain. While the company claims to have measures in place to ensure compliance with US law, some industry observers are calling for increased scrutiny by US Customs and Border Protection officials. [Extracted from the article]

China's government has released a draft regulation aimed at curbing excessive expansion in its solar industry. The regulation seeks to address the oversupply and intense competition that has led to losses for domestic solar companies. Under the proposed rule, new manufacturing projects that simply expand existing capacity will be limited, and companies will be encouraged to focus on improving quality and reducing production costs. The regulation also includes requirements for higher efficiency in solar products and minimum spending on research and development. [Extracted from the article]

China's solar sector is facing challenges due to an oversupplied market, leading to suppressed profits for major manufacturers like Longi Green Energy Technology Co. The industry is grappling with a glut as production has outpaced demand in recent years. Longi reported losses in the first quarter as they were forced to sell below costs. Analysts predict that the oversupply is unlikely to ease for up to two years. Longi is betting on its new, more efficient technology to transform solar energy into electricity, but it is not yet cost-competitive. Despite geopolitical risks, Chinese solar companies have sought higher premiums overseas, including in the US. Longi has a joint venture in Ohio and is considering building a cell factory in the US. Chinese solar products have been subject to tariffs in the US for over a decade, leading some companies to shut down capacities in Southeast Asia. [Extracted from the article]

China's solar sector is facing ongoing challenges and is unlikely to become profitable in the near future, according to major manufacturer Longi Green Energy Technology Co. The market is oversupplied, leading to industry-wide losses. Longi believes that prices will not recover enough to surpass costs anytime soon. The company is focusing on developing new technology that is more efficient in converting solar energy into electricity, but it is not yet cost-competitive. Analysts suggest that investors should not expect a fundamental recovery for the sector. [Extracted from the article]