28 Apr '15, 5pm

Canadian Solar Sees Panel Shortage in Second Half on More Demand

“Imbalance may appear,” Chief Executive Officer Shawn Qu said in an interview in Shanghai on Tuesday. “Customers’ real demand has been growing.” The forecast for scarcity contrasts with a glut that wiped out profits across the industry in the early part of this decade. It helps explain decisions by the top manufacturers including Trina Solar Ltd. and JinkoSolar Holding Co. to build more capacity. The industry may install about 57.2 gigawatts this year , up from 40 gigawatts in 2013, Bloomberg New Energy Finance estimates. Canadian Solar plans to almost double its own panel capacity from 2013 levels. It maintained its plans to expand to 3.5 gigawatts after June from more than 3 gigawatts currently, Qu said. Along with supply from original equipment manufacturing, total capacity will reach more than 4 gigawatts, he said. Its new cell factory in Funing, Jiangsu province, will...

Full article: http://www.renewableenergyworld.com/rea/news/article/2015...

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