Finance

Yingli Green Energy Holding Company, one of the world’s leading solar panel manufacturer, has announced its financial results for Q2 of 2017, which ended June 30, 2017.

The EU has published its decision to review the undertaking and the minimum import price (MIP) for crystalline PV products from China. As was proposed in July, the MIP will now be reduced quarterly beginning in October. For some Chinese manufacturers, the MIP, as well as a variable duty, is to be applied in future.

Troubled PV module supplier Moser Baer Solar (MBSL) has asked the Central Bank of India to postpone its loan repayment schedule on claims that its business prospects have been damaged by a deluge of cheap Chinese PV modules that have flooded into the Indian market.

The US solar financing provider claims it has originated over $1 billon of loans for homeowners to date.

Swedish renewable energy company Eneo Solutions AB was awarded a PPA for a 745 kW rootop PV project by the municipality of Järfälla through a tender process.

Local communities and cities to receive government aid to fund and manage green projects in government-backed bid to drastically reduce carbon emissions, reports the Guardian.

Recurrent Energy, a wholly owned subsidiary of heavyweight module manufacturer Canadian Solar has signed power purchase agreement for a 100 MW PV project to be located in Kings County, Central California.

Kong Sun has recorded a profit of CNY 63.7 million ($9.75 million) in the first half of 2017, from a loss of CNY 124.4 million a year earlier, as  it connected roughly 210 MW of new solar capacity to the Chinese grid.

LONGi Solar Technology has recorded a net profit of CNY 1.236 billion ($191.2 million) for the first half of 2017, up 43.6% year on year.

The renewable energy unit of German utility RWE is now reportedly being targeted by the Spanish power provider, after French energy group Engie was said to have launched an offer in March.