Sparx launches $18 million renewables fund in Japan
A unit of Tokyo-based asset manager Sparx has set up a new JPY 20 billion (US$17.95 million) fund to invest in operational renewable energy projects throughout Japan.
GCL-Poly unveils $542 million wafer supply deal
A unit of Chinese energy group GCL-Poly Energy has agreed to supply wafers to PV module manufacturer GCL System Integration and one of its subsidiaries in a deal worth up to CNY 3.59 billion ($542.3 million).
Japan’s METI awards 140 MW in first PV auction — report
Japan’s Ministry of Economy, Trade and Industry (METI) has awarded 140 MW of solar capacity to eight companies across nine locations, with the lowest bid coming in at JPY 17.2 ($0.15)/kWh, according to a local media report.
Australian government to back blockchain PV, water project
The Australian government has agreed to provide AU$2.57 million (US$1.9 million) to support a two-year pilot project that will use blockchain technology to pair utility-scale and commercial rooftop PV with a battery, electric vehicle charging stations and water treatment systems in Western Australia.
JA Solar to drop NASDAQ listing, go private
JA Solar has signed an agreement to cancel its listing on the NASDAQ stock exchange and go private in an all-cash transaction.
Solar Frontier reveals production halts in Japan – correction
Solar Frontier has halted operations at its 150 MW Tohoku plant in northeastern Japan and has revealed plans to shut down production at its 50 MW plant in Miyazaki prefecture in late December, in line with plans to consolidate production at its flagship 900 MW Kunitomi facility, which is also located in the southern prefecture.
Mudajaya to finance 49 MW in Malaysia with Islamic bonds
Mudajaya, a Malaysian engineering and construction group, aims to raise up to 245 million ringgit ($58.7 million) by issuing sukuk Islamic bonds. It will use the proceeds to finance the construction of 49 MW of solar capacity in northern Peninsular Malaysia.
JA Solar posts $6.3 million net profit in Q3
JA Solar has recorded a net profit of CNY 41.9 million ($6.3 million) in the third quarter of 2017, down nearly 5% year on year, as revenue slid 27.1% from the preceding quarter to CNY 4.3 billion.
Kong Sun buys 59 MW in China for $80.9 million
Kong Sun has agreed to acquire 59 MW of operational solar capacity in China for roughly $80.9 million.
Daqo posts $24.1 million net profit in Q3
Daqo New Energy recorded a net profit of $24.1 million in the third quarter of 2017, as the polysilicon and solar wafer producer’s revenue rose nearly 18% from the preceding three-month period to $89.4 million.
