Few second quarter (Q2) financial results more accurately reflect the changes afoot in the Chinese and - by extension - global solar market than those published this week by ReneSola. The Tier-1 PV firm has recorded relatively solid revenue, income and shipments, but in a wider context the various ups and downs threaded through its financial report starkly reveal where the markets are headed. Wafer shipments were up over the quarter, but module shipments were down - two divergent metrics that point to a rush among developers to complete solar projects before June 30, the date at which China reduced the price paid for PV by grid operators below 1.0 yuan ($0.15) per kWh. Allied to this was a contraction on wafer average selling prices (ASPs), which was strong enough to drag revenue down despite overall wafer shipments reaching 423.3 MW for the quarter - a 20.6% increase sequentially and a 50% rise on Q2 2015. Module shipments of 282.4 MW represented a fall of 19.5% on Q1 and a 12.3% drop year-over-year. This meant that revenue was down 4.1% on Q1, and 6.8% year-over-year, falling to $250 million. ...Den vollständigen Artikel lesen ...