GCL-Poly Energy offers $110m loan to subsidiary
China’s GCL-Poly Energy Holdings has agreed to lend US$110 million to GNE Development, a wholly owned unit of the group.
Hong Kong authorities propose generous new rooftop solar FIT
The Hong Kong government will start discussing plans from early next week to give owners of residential and commercial rooftop solar PV systems the chance to sell surplus electricity to the grid.
Solargiga unit to increase stake in PV module maker for $1.6m
Jinzhou Yangguang Energy (Jinzhou Yangguang), a subsidiary of China’s Solargiga Energy Holdings, has agreed to buy a 17.8% stake in Jinzhou Yangguang Motech Renewable Energy (Jinzhou Motech) from Motech Suzhou Renewable Energy for CNY 9.96 million (US$1.58 million), in a cash transaction.
The weekend read: Floating on optimism
The past year has been an exciting period for proponents of floating solar. A range of new projects and pilots have been announced across the globe over the past 12 to 14 months, with IHS Markit’s Solar Deal Tracker now listing floating PV installations in 24 countries throughout the world, all in varying stages of development.
Solargiga posts $16.96 million net profit in 2017
Solargiga Energy has recorded a net profit of CNY 107.5 million (US$16.96 million) for the year to the end of December 2017, from a net loss of CNY 239.149 million in the preceding 12-month period.
Tenaga Nasional signs PPAs for 60 MW in Malaysia
Tenaga Nasional Bhd. has signed power purchase agreements (PPAs) for two large-scale, grid-connected solar projects in Malaysia.
Canadian Solar exceeds Q4 shipment guidance, posts $99.6m profit in 2017
Canadian Solar has recorded net income of about $99.6 million for 2017, up sharply from the preceding year, as its full-year PV module shipments jumped by roughly 1.6 GW on the year to 6.8 GW.
Risen Energy to invest $1.58 billion to expand Chinese production facilities
Risen Energy has revealed it has committed to investing CNY 10 billion (US$1.58 billion) in the expansion of its solar PV cell and module production operations in China since December.
Japan: Kumamoto Electric pushes PV-powered cryptocurrency unit as potential curtailment solution
Kumamoto Electric Power, a Japanese power producer and retailer, has launched a new cryptocurrency-mining subsidiary that will primarily draw electricity from solar PV arrays.
Vietnam files complaint with WTO over US solar tariffs
The Vietnamese authorities have submitted a complaint to the World Trade Organization (WTO) to request formal consultations with Washington over its recently announced 30% tariff on crystalline silicon PV imports.
