Bali’s PV potential shines in ADB mapping study

The island of Bali could produce as much as 115,371.9 GWh of electricity per year — far above its projected requirement of just 4,992.7 GWh per year by 2019 — and solar offers the greatest potential for future development, according to a new report by the Asian Development Bank (ADB).

Standards Australia to consult industry on proposed storage rules

Standards Australia wrapped up public consultation last week on a draft standard for battery storage, setting the stage for the development of a comprehensive framework for future deployment.

Datang posts $81.2 million net profit in H1

China Datang Corporation Renewable Power’s net profit more than doubled in the first half of 2017 to CNY 541.77 million ($81.2 million), as utilization hours of its solar projects rose from from the preceding year.

GCL New expects H1 profit on 1 GW of capacity

GCL New Energy will likely post a profit of CNY 450 million ($67.4 million) in the first half of 2017, from a profit  of just CNY 147 million a year earlier, as it connected 1.04 GW of new solar capacity to the grid.

Hitachi, Itochu, NEDO switch on PV microgrid pilot in India

Japan’s New Energy and Industrial Technology Development Organization (NEDO) has started operating a microgrid powered by a 1 MW solar array in western India.

Sparx posts $4 million profit in Q1

Japanese asset manager Sparx has reported a profit attributable to owners of the company of ¥460 million ($4.15 million) in the first quarter of the current fiscal year, as it connected roughly 20 MW of new PV capacity to the grid.

BECE forecasts sharply higher H1 profit

Beijing Enterprises Clean Energy (BECE) expects its consolidated net profit to soar by 700% to 800% year on year in the first half of 2017, based on a preliminary review of its unaudited results.

Panasonic’s Q1 profit widens to $445 million

Panasonic reported a net profit attributable to shareholders of ¥48.8 billion ($445.1 million) in the first quarter of the current fiscal year — up sharply from ¥29.2 billion a year earlier — despite a decline in sales of its solar panels. 

Toshiba narrows PV loss as group struggles to survive

Toshiba has reported a group net loss of JPY 965.7 billion ($8.8 billion) for fiscal 2016, as its energy systems and solutions business — which which builds solar, wind, geothermal and hydropower projects, in addition to battery-based energy storage systems and smart meters — posted an operating loss of JPY 41.7 billion in the 12 months to the end of March 2017, marking a significant improvement from the preceding fiscal year.

First Solar scores 241 MW deal in Australia

First Solar has agreed to supply 241 MW (DC) of its thin-film PV modules to Sydney-based EPC contractor RCR Tomlinson for Edify Energy’s 180.7 MW Daydream and 60.2 MW Hayman solar projects in the Australian state of Queensland.