Comtec posts $146 million net loss in 2016
The Chinese integrated solar specialist recorded a 1 billion yuan ($146 million) net loss for the 12 months to the end of December, from a loss of just CNY 434.7 million during the same period a year earlier.
LongiTech buys Guangshuo New Energy for $16.7 million
The Chinese company has purchased the entire equity interest in Gaobeidian Guangshuo New Energy for HK$130 million ($16.7 million). As part of the deal, it will issue 44,820,000 consideration shares at HK$2.9 per share.
BECE posts $68 million net profit in 2016
The Hong Kong-listed renewables developer recorded a net profit of HK$529.2 million ($68.03 million) in the 12 months to the end of December, from a profit attributable to shareholders of about HK$38.5 million in 2015. Basic earnings per share for the year were HK$0.14.
Pacifico starts building 258 MW in western Japan
The Tokyo-based developer has begun construction on what it claims will be Japan’s biggest PV project upon completion in September 2019.
Kyocera says PV output steady despite domestic plant closure
The Japanese manufacturer says it expects to produce about 1 GW of solar panels in the year to March 2018, roughly in line with its output in the preceding fiscal year.
Japan may cancel 27.7 GW of approved PV capacity
The Ministry of Economy, Trade and Industry (METI) has said that it may cancel feed-in tariff (FIT) approvals for 456,000 projects, or roughly 27.6 GW of capacity, as the prospective developers of those projects failed to lock in grid-connection agreements by the government’s March 31 deadline.
Solar Q reveals plan to install 350 MW in Australia
The company aims to build what would be one of the country’s largest PV arrays near a high-voltage substation in Queensland’s Lower Wonga region. Via the substation, the project would supply electricity to cities and towns such as Gympie, Gin Gin, Teebar Creek, Mungar, Kilkivan and Brisbane.
United PV to raise $85.4 million with share issuance
The Chinese solar investor and developer has revealed plans to issue 700,000,000 shares to Driven Innovation at HK$0.95 per share, representing about 9.39% of its existing issued share capital. It expects net proceeds to reach HK$664.5 million ($85.4 million).
SNEC 2017: news roundup
This year’s busy SNEC exhibition delivered its usual steady stream of news, new products and market insight. pv magazine rounds up the main stories and trends from the three-day event.
Solar Frontier sells 40 MW to Dominion
The U.S. development unit of the Japanese CIS thin-film manufacturer has completed the sale of the 40 MW (DC) Midway II project in California.
