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.
GCL unit pays first tranche of $30 million investment in Millennial Lithium
A unit of China’s GCL group has moved forward with a $30 million strategic investment in Millennial Lithium by finalizing the first of two payments for a 17% stake in the Canadian exploratory mining firm.
China unveils electricity trading pilot scheme
China’s National Development and Reform Commission (NDRC) and National Energy Administration (NEA) have revealed plans to start operating a wholesale market for distributed-generation (DG) electricity on a pilot basis from early February.
Toshiba posts $439.5 million H1 loss as solar ops struggle
Toshiba has posted a group net loss of JPY 49.8 billion ($439.5 million) for the first half of the current Japanese fiscal year, but the bleak outlook for its solar operations is the least of its concerns, as it struggles to cover losses from its bankrupt U.S. nuclear business and avoid being delisted from the Tokyo Stock Exchange (TSE).
Mitsubishi Electric completes 2.6 MW floating plant
Mitsubishi Electric and Tokyo-based Sumitomo Mitsui Construction have finished building a 2.6 MW floating solar plant on a pond in western Japan.
Renova breaks ground on 22 MW in Japan
Renewables developer Renova has broken ground on a 21.6 MW (DC) solar plant in central Honshu, Japan.
Yingli to supply 38 MW in China
Yingli Solar has agreed to supply PV modules for 38.4 MW of solar capacity that is being built under China’s PV poverty alleviation program.
SoftBank unit to build 102 MW in Japan
SB Energy, a subsidiary of Japanese telecoms group SoftBank, has revealed plans to build a 102.3 MW solar project in northern Japan, backed by 27 MWh of lithium ion storage capacity.
Panasonic posts $1.04 billion profit in H1
Panasonic recorded a net profit of JPY 118.9 billion ($1.04 billion) for the first half of the current fiscal year, from JPY 133.5 billion a year earlier, as sales of its PV systems fell.
CSIF acquires initial Japan PV portfolio for $267 million
Canadian Solar’s new PV investment vehicle has followed its recent trading debut in Tokyo with the acquisition of 13 solar projects in Japan for JPY 30.4 billion ($267 million).
