The Taiwanese company has agreed to start a feasibility study next month on the possibility of developing the country’s first floating solar array, in cooperation with UMILE Ltd Liability Partnership.

The Chinese renewable-energy developer’s consolidated installed PV capacity rose to 977 MW in the year to the end of December, on 177.3 MW of annual capacity additions.

The Chinese PV supplier invested 29.7 billion Korean won ($26.8 million) in the project on Jeju Island, roughly 80 kilometres south of the Korean peninsula.

The U.S. private equity firm has announced more than $120 million of additional investments in the Japanese solar market.

The Chinese PV investment group recorded a profit of 54.8 million yuan ($7.96 million), from a loss of 98.9 million yuan in 2015, as it more than double the size of its operational solar portfolio.

Shunfeng International Clean Energy (SFCE) expects to record a loss of 2.4 billion yuan ($349 million) for the 12 months to the end of December 2016.

PLB Green Solar — a subsidiary of Penang-based construction group PLB Engineering — has secured approval to build the project from the Malaysian Energy Commission.

The Taiwanese company completed the 9.87 MW installation — which consists of arrays on top of two of its liquid-crystal display factories — in late December.

The Taiwanese PV cell producer partly attributed the NT$6.3 billion ($206.9 million) loss — down from a NT$139 million net profit in 2015 — to the idling of some of its production capacity in China.

The Tokyo-based developer and MUL Energy Investment — a unit of Mitsubishi UFJ Lease & Finance — have purchased a project company from conglomerate Marubeni.