GCL signs PV supply deals for 370 MW in China
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.
Report: Suniva case could destabilize global supply chain (with chart)
IHS Markit says the complaint could also cause the U.S. market to crater 60% by 2021, causing global module oversupply and driving module prices ever lower.
Interview: Europe needs big PV manufacturers
Xavier Daval, the president of the French solar association SER-SOLER, spoke with pv magazine about the necessity of creating a large European industrial group specialized in solar module production. Leaving solar manufacturing to China and the United States, Daval said, would make Europe energy dependent for the next decades.
Egypt: German consortium plans 1 GW vertically integrated solar factory
A first agreement to start a feasibility study for the project, which also includes the construction of a giant solar plant, was signed in the presence of the country’s minister of energy Mohamed Shaker.
Indian government issues draft quality order on solar modules
The Indian Ministry of New and Renewable Energy (MNRE) has forwarded to the World Trade Organization a draft quality order on solar modules announced by Energy Minister Piyush Goyal a week earlier.
CSun unit secures panel supply deal with SPIC
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.
Midsummer sees profit increase for FY 2016
Financial results for 2016 posted by the Swedish thin film equipment supplier show that revenues almost doubled to SEK 60 million ($6.8 million) for the full year. Midsummer also saw a significant profit increase to SEK 10 million ($1.1 million).
NSP’s net loss narrows to $44 million in Q1
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.
Solar Frontier’s operating loss widens to $26.4 million in Q1
The CIS thin-film PV specialist has posted an operating loss of JPY 3 billion ($26.4 million) in the three months to March 31, from JPY 2.6 billion a year earlier. Net sales fell 41.3% on the year to JPY 22.2 billion.
Singulus reports revenue and profit increase
The German equipment provider has posted positive numbers for the first quarter of this year. The company also reports high interest for its new PV production machinery.
