GCL-Poly Energy H1 profit edges down to $181 million
GCL-Poly Energy’s profit attributable to owners of the company fell 13% year on year in the first half of 2017 to CNY 1.19 billion ($181.3 million), as declining wafer prices offset gains made by its PV project business.
Barclays backs 14.5 MW in Japan with $42 million of project bonds
Barclays has facilitated the sale of JPY 4.67 billion ($42.2 million) of project bonds to support the development of 14.5 MW of solar projects in western Japan.
India’s MNRE signs grid and RE framework with Germany’s GIZ
Agreement signed between India’s Ministry of New and Renewable Energy & GIZ Germany seeks improvement of framework conditions for grid integration and renewable energies.
Ontario launches green fund with initial $298 million investment
The authorities in the Canadian province of Ontario have announced the launch of the Green Ontario Fund, with the nation’s leading PV industry body hailing the new scheme as a potential boon for future solar deployment.
ADB proposes new approaches to financing energy projects
Governments of cash-strapped developing nations should start exploring a range of innovative financing solutions to support the development of environment-focused infrastructure projects such as financially bankable solar installations, the Asian Development Bank (ADB) says in a new report.
Technology making micro-grid ‘remoteness’ less remote, investment more attractive, finds new report
Report by TFE Consulting shows how investment in micro-grid businesses and technology is bridging the informational, operational and psychological gap between the end customer and micro-grid developers and investors.
Comtec signals H1 turnaround, moves on downstream deals
Comtec Solar Systems will likely record a net profit of roughly CNY 8.8 million ($1.3 million) in the first half of this year, marking a sharp turnaround from the CNY 6.4 million net loss it posted in the first six months of 2016.
ReneSola may sell PV production ops to regain NYSE compliance
ReneSola may sell off its indebted polysilicon, wafer and PV module production businesses to regain compliance with the listing standards of the New York Stock Exchange (NYSE).
Hanergy claims narrower profit of $31.3 million in H1
Hanergy Thin Film Power (HTF) has reported an unaudited net profit of HK$244.8 million ($31.3 million) in the six months to the end of June, down roughly 70.2% from the preceding year, as revenue edged down 13.4% on the year to HK$2.9 billion.
Chinese module prices rise 10% above forecast, causing problems for India
Growth in the booming Indian solar market, heavily reliant on Chinese modules, could slow as strong Q3 demand for panels in China and the U.S. push up prices and impact Indian firms’ financial modelling.
