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ReneSola may sell PV production ops to regain NYSE compliance

ReneSola may sell off its indebted polysilicon, wafer and PV module production businesses to regain compliance with the listing standards of the New York Stock Exchange (NYSE).

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Hanergy claims narrower profit of $31.3 million in H1

Hanergy Thin Film Power (HTF) has reported an unaudited net profit of HK$244.8 million ($31.3 million) in the six months to the end of June, down roughly 70.2% from the preceding year, as revenue edged down 13.4% on the year to HK$2.9 billion.

Huadian Fuxin posts $218 million profit in H1

Huadian Fuxin Energy recorded a profit attributable to shareholders of CNY 1.45 billion ($217.9 million) in the first half of 2017 — roughly similar to its results in the first six months of the preceding year — as the company’s total installed PV capacity surpassed the 1 GW mark in China.

BYD scores 180 MW order in Brazil

BYD has agreed to supply 180 MW of PV modules to Spanish developer Cobra for use in the Guaimbe project in the Brazilian state of Sao Paulo.

Sunseap signs 25-year PPA for 5 MW in Singapore

Singapore’s Sunseap Group has agreed to sell PV-generated electricity to ST Kinetics over a 25-year period across five locations in the Southeast Asian city-state.

Solar Philippines inaugurates country’s first PV panel factory

Solar Philippines officially opened the country’s first PV module plant with an inauguration ceremony attended by President Rodrigo Duterte earlier this week. It claims the facility in Santo Tomas, Batangas province, will produce 800 MW of solar panels in 2018.

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G Three to sell one-third of 50% stakes in 98 MW

PV investor G Three Holdings has revealed plans to sell one third of two 50% stakes it holds in two ventures that are building 98 MW of solar capacity in northeastern Japan.

Victoria announces 650 MW auction, new targets

The state government of Victoria has launched a tender for 650 MW of solar and wind capacity — which it claims is the biggest renewables auction in Australia — in support of fresh legislation that will set new renewables targets through 2025.

Irico posts $7.01 million profit in H1

China’s irico Group New Energy has recorded a profit of CNY 46.7 million ($7.014 million) in the first half of 2017, up roughly 43.9% year on year, as revenue from its PV business jumped 27% to CNY 592.5 million.

Audi, Hanergy unit to jointly develop PV for vehicles

German automaker Audi and California-based Alta Devices — a wholly owned subsidiary of troubled Chinese PV group Hanergy Thin Film Power (HTF) — have agreed to collaborate on thin-film solar research, with plans to exhibit a PV-integrated Audi prototype vehicle by the end of this year.

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