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Xinyi Solar’s net profit soars 65% in 2016

The Chinese solar glass manufacturer reported net income of HK$1,985.6 million ($255.8 million) in the 12 months to the end of December, from HK$1,205.6 million a year earlier.

Panasonic to supply PV panels, batteries for Toyota Prius

Toyota’s new 2017 Prius plug-in hybrid vehicle (PHV) will feature Panasonic’s newly designed 180 W solar panels.

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SunPower, Dongfang to establish 5 GW P-Series cell, module factory

The U.S. solar maker and two Chinese companies are planning to build out the massive factory in eastern China, making good on the promise to transition to the lower-cost P-Series.

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United PV chooses EPC firms for 50 MW ‘panda’ project

Datong Panda PV, an indirect wholly owned subsidiary of United Photovoltaics, has selected two EPC providers to work on a panda-shaped PV array in northern China’s Shanxi province.

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Tokyo Gas, Shizen Energy launch solar development venture

The liquefied natural gas distributor and its partner plan to start jointly developing an initial 60 MW of capacity “as soon as possible,” according to an online statement.

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JRE breaks ground on 22.3 MW near Tokyo

Japan Renewable Energy (JRE) started building the project this week on a 25.3-hectare plot of land in Tsuchiura, Ibaraki prefecture.

Renova surges on Tokyo trading debut

Shares of the Japanese renewables developer — which has a solar portfolio of 270 MW — jumped ¥675 ($5.98) to an opening-day closing price of ¥1,425 on the Tokyo Stock Exchange’s (TSE) Mothers board.

Dai-Ichi Life, Japan Post Insurance start jointly financing PV

The two insurance firms have already provided ¥10 billion ($88.4 million) in project financing for an undisclosed solar project near Tokyo and another in the Tohoku region, on the northern end of the island of Honshu.

First Solar secures financing for 59.5 MW in Japan

Mizuho Bank arranged the ¥27 billion ($240 million) syndicated loan for the array in Ishikawa prefecture.

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Kong Sun forecasts 2016 net profit

The solar investment group will likely swing back to the black from a net loss of roughly 98.9 million yuan ($14.4 million) in the 12 months to December 31, 2015.

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