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Finance

BECE forecasts sharply higher H1 profit

Beijing Enterprises Clean Energy (BECE) expects its consolidated net profit to soar by 700% to 800% year on year in the first half of 2017, based on a preliminary review of its unaudited results.

Toshiba narrows PV loss as group struggles to survive

Toshiba has reported a group net loss of JPY 965.7 billion ($8.8 billion) for fiscal 2016, as its energy systems and solutions business — which which builds solar, wind, geothermal and hydropower projects, in addition to battery-based energy storage systems and smart meters — posted an operating loss of JPY 41.7 billion in the 12 months to the end of March 2017, marking a significant improvement from the preceding fiscal year.

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Profit and revenue swell for Canadian Solar in Q2

The second quarter financial results for the Chinese-Canadian solar firm reveal above-guidance growth in revenue and shipments, while profit rises to $167.8m for the quarter.

Solar Frontier reports stable demand in H1 of fiscal 2017

The Japanese CIS module maker said it is now focusing on the domestic market, as its overseas business is facing tough competition.

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SolarWorld creditors agree sale to CEO Asbeck

The takeover of the SolarWorld production sites at Freiberg and Arnstadt in Germany has today been approve by the creditors. Announcement means 500 staff can continue in their production roles.

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Singulus posts positive EBIT for 1st half 2017

The German equipment manufacturer reported a positive EBIT of €2.5 million for the first half of the year, a big improvement on the same period in 2016, when its EBIT was negative €9.3 million. EBIT for the second quarter stands at €1.1 million.

Colombia issues $66.7 million green bond

The funds will be used by the public bank Bancoldex to support unspeficied projects that help mitigate climate change impacts.

Phoenix Solar reports 20% revenue drop for first half of 2017

In the first half of this year, the company also saw its operating loss widen. Phoenix Solar, however, has released an optimistic guidance for full fiscal 2017.

Amtech sees turnover and profits climb in Q2 of fiscal 2017

The U.S. supplier of automation systems for the PV industry said its performance in the quarter was its best results since its solar business unit peaked in the third and fourth fiscal quarters of 2011.

Manz’s Ebit swings to profit thanks to sale of CIGS technology company

Turnover for the first half of this year was slightly down from the previous year. Large order intakes from China, however, will lead to a substantial improvement of the company’s result for full fiscal year.

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