Three of the world’s largest photovoltaics (PV) companies in China are reporting strong preliminary earnings and forecasts for the first three quarters, due chiefly to growth in overseas demand for solar energy as Europe seeks alternative energy to replace natural gas.
Despite a rise in the price of silicon, Jinko Solar Co. Ltd., the world’s biggest shipper of solar panels, according to a September report by InfoLink Consulting LLC, said net profit surged 129% to 136% in the first nine months to between 1.65 billion yuan to 1.7 billion yuan ($228 to $235 million), preliminary unaudited earnings results show.
