Hong Kong-listed PV developer GCL New Energy has agreed to sell 320 MW of solar panels to China Resources Leasing for CNY 148.5 million ($21.5 million), as part of supply arrangements for the first 40 MW phase of a planned PV array in Zhanjiang, in China’s Guangdong province.

The Japanese trading firm has started selling its new Smart Star L lithium-ion storage battery system for the Japanese residential PV market. It has designed the system in cooperation with Yokohama-based manufacturer NF Corp.

Engineering firm Cypark Resources has signed contracts to build two utility-scale PV projects for MYR 75.01 million ($17.4 million) in the Malaysian state of Negeri Sembilan.

The Asian Development Bank has raised INR 3 billion ($46.19 million) through the issuance of rupee-linked green bonds to back the development of 709 MW of solar and wind capacity in six states in India.

Subsidiaries of GCL New Energy Holdings have selected Xi’an Datang Electric Power Design and Research Institute to provide EPC services for 165 MW of solar capacity at three sites in China.

The Chinese energy group’s external sales of polysilicon fell about 43.4% year on year to 1,896 metric tons (MT) in the January-March period.

State Power Investment Corp. (SPIC) — one of China’s top five state-owned electricity producers — has named China Sunergy (Nanjing) as one of its qualified multicrystalline PV module suppliers.

The Chinese solar investment group said that in aggregate, its PV plants generated roughly 374.7 GWh of electricity in the first four months of 2017, up approximately 87.5% year on year.

Net income hit $3.3 million in the 12 months to the end of December, from a net loss of $1.6 million a year earlier, although the Hong Kong-based PV independent power producer recorded a net loss of $8.7 million in the fourth quarter, from $7.4 million in the final three months of 2015.

Neo Solar Power has posted a net loss of NT$1.3 billion ($43.7 million) for the first quarter of 2017, as weak demand in China weighed on orders.