The Chinese solar firm sees Q4 revenue slump 21.7% YOY, with gross profit also contracting 89.5%. Full year financials reveal similar losses as the company continues its shift towards downstream project development.
In interview with South China Morning Post, Trina Solar chairman Jifan Gao says that the solar company will “certainly go public again” once privatization and delisting from New York Stock Exchange is completed.
The European Investment Bank and Eiffel Investment Group have launched a fund devoted to investments in the green economy in France and Europe. The fund will provide bridge financing for, among others, projects in the solar and storage sectors.
The Philippine conglomerate Ayala Corporation’s energy-focused arm AC Energy Holdings Inc. has taken control of Bronzeoak Clean Energy (BCE) and San Carlos Clean Energy (SCCE).
The South Korean solar company posted record revenues and module shipments last year, increasing 34.8% and 55% respectively year-on-year.
The Italian solar developer saw its turnover and profits decline slightly last year. The company acquired Italian solar inverter manufacturer Elettronica Santerno in late 2016.
The island nation’s Ministry of Power and Renewable Energy is set to leapfrog to the next stage of energy supply by expanding its loan scheme for rooftop solar.