China Solar Panel Exports To Ease On EU Curbs

BANGALORE/HONG KONG: Major Chinese solar panel makers such as Canadian Solar Inc recorded buoyant shipments in the April-June period as they raced to rev up sales ahead of EU restrictions on Chinese exports, but sales have eased in the current quarter.

Canadian Solar said late on Thursday that it expects to ship between 410 megawatts (MW) and 430 MW of solar panels in the third quarter, lower than the 455 MW it shipped in the second but still much higher than first quarter shipment of 340 MW. In the second quarter of 2012, the firm shipped 412 MW.