30 Aug '14, 12pm

Global new solar PV installations in 2014 forecast: 52 GW, up 30% from last year's record high!

Hanwha SolarOne Co. saw “robust” volumes in the first half while maintaining its aim to sell as many as 1.6 gigawatts of panels this year, Chairman and Chief Executive Officer of the Qidong, China-based company Nam Seong-Woo said yesterday on a call with analysts. To keep up with demand, it expects to complete its plant expansion by the end of the year. Trina Solar Ltd., First Solar Inc., JinkoSolar Holding Co., Canadian Solar Inc., and JA Solar Holdings Co. all reported profits in the quarter. Only Hanwha and larger rival Yingli Green Energy Holding Co. cut its shipment forecasts for this year and reported losses. Solar companies are expanding as a supply glut that hurt margins is mopped up. “Robust levels of global demand should continue to drive notable revenue growth” in the second half into 2015, Jeffrey Osborne, an analyst at Cowen & Co in New York, said in a researc...

Full article: http://www.renewableenergyworld.com/rea/news/article/2014...

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