Foresight Solar Fund to pursue international strategy
The Foresight Solar Fund, an investment group with a 470 MW portfolio of solar projects in the UK, published financial reports for the first half of 2016 this week. Reporting after tax profits of GBP 11.5 million ($15 million) for the period up to 30th June, the group also announced plans to expand and acquire projects in new markets outside of the UK.
Appeals court upholds SolarWorld’s $800 million debt to Hemlock
The ruling comes as the German solar manufacturer is restarting following an insolvency process, and Hemlock may have a hard time collecting.
Meyer Burger reports strong demand, customer orders in H1 2017
Following a comprehensive restructuring program to sustainably increase its profitability, the Swiss PV technology provider has posted the highest volume of incoming orders in any half-year period since 2011.
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.
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.
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.
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.
