CGN New Energy’s profit narrows in 2016
The Chinese independent power producer’s profit attributable to shareholders plunged 23.5% year on year to $79.5 million, as revenue slid 6.7% to $1.07 billion in the 12 months to the end of December.
Malaysian PV investment hits $544 million in 2016
The Malaysian Investment Development Authority (MIDA) approved 2.42 billion ringgit ($544 million) of solar investments in the 12 months to the end of December.
Solargiga anticipates 2016 loss
The Chinese PV manufacturer expects to record a “substantial loss” for the year to the end of December.
SPI Energy unit to sell 4.8 MW in Japan
SPI Solar Japan, a wholly owned subsidiary of the Chinese PV group, has agreed to sell its entire interest in land and project development rights for 4.8 MW of PV capacity near Tokyo.
Etrion posts $110.4 million net loss in 2016
The independent power producer recorded a net loss of $110.4 million from its continuing operations — up sharply from $27.5 million a year earlier — due to impairment expenses totalling $75.7 million, in addition to a net deferred tax write-off of $6.9 million.
CEFC finances 165 MW at three sites in Australia
Clean Energy Finance Corp.’s (CEFC) has announced its latest round of solar financing, with A$77 million ($58.3 million) to support the development of three projects in the states of Queensland and Victoria.
ReneSola to build 550 MW globally in 2017
The Chinese integrated PV manufacturer and developer currently has 335 MW of solar capacity under construction in seven countries, with plans to finish 550 MW by the end of the year.
Daqo posts $43.5 million profit in 2016
The Chinese polysilicon producer’s net profit rose sharply from $13 million a year earlier, as revenue jumped 25.9% year on year to $229.1 million.
GCL-Poly units starts PV development venture
Suzhou GCL New Energy and GCL System Suzhou have agreed to jointly invest 200 million yuan ($29 million) in projects in China.
Sri Lanka moves on 100 MW floating PV
The South Asian nation’s government has approved the construction of a floating PV array on a 202-hectare reservoir in the Mahaweli Economic Zone.
