Panda Green Energy 1H 2018 results: Revenue up, EPS down
Today, Panda Green Energy Group Limited posted its results for the first half of the business year 2018. The company made itself a name when it started constructing Panda-shaped solar parks in 2017.
Shunfeng posts slight increase in shipments, sales, but ballooning net loss
The parent company of Chinese solar module maker, Suntech saw its net loss almost quadruple in the first half of this year, while net revenue grew year-on-year by just 0.7%. Sales of solar products in the period reached around 1.9 GW, and the group’s total installed operational PV capacity reached 1.5 GW at the end of June.
China’s Akcome to sell 503.5 MW of solar to ZPEG
China’s Jiangsu Akcome Science and Technology has revealed plans to sell 503.5 MW of solar to Zhejiang Provincial Energy Group (ZPEG), as it struggles to rein in its debts.
Lion Point Capital offers $250m to support Canadian Solar’s go-private bid
Shares of Canadian Solar soared earlier this week after U.S. investment firm Lion Point Capital revealed that it had initiated discussions with a number of undisclosed third parties about the possibility of funding the privatization of the solar PV module supplier.
Japanese government hails new quality guidelines for PV projects
The Japanese government said the recent publication of a quality-evaluation guide for solar projects will ensure the long-term sustainability of the country’s PV sector, partly by improving maintenance standards, while serving as a potential boon for investment in the relatively dormant secondary market for operational installations.
Undaunted Xinyi presses on with production expansion
Chinese solar glass manufacturer will forge ahead with plans for three new Malaysian fabs – at some point – but EPC and development operations are fading into the shadows in the wake of Beijing’s new PV policy direction.
Elon Musk scraps plan to take Tesla private
The company’s shares have returned to a level slightly above where they were prior to the August 7 announcement.
More developers approved for Egyptian small scale PV program
National scheme reportedly aims to drive installation in segments including residential and commercial and industrial facilities.
Solar beats oil and gas price in EU
With the carbon price set by the bloc’s emissions trading scheme on the rise – alongside fossil fuel costs – there’s never been a stronger economic case for renewables. And analysts are predicting the trend is no blip.
Mitsubishi buys controlling stake in Nexamp
The acquisition of a share in Nexamp follows on Mitsubishi’s acquisition of BETM, which the company says will serve as the foundation for nationwide clean energy push.
