Australia urged to aim for 100% renewables by 2030s
One of the world’s leading climate experts says Australia needs to aim for 100 per cent renewables within two decades as part of its efforts to meet climate targets, and it stands to reap enormous economic – and environmental – benefits if it does.
Tata Power Solar reports triple profit, 52 % net sales increase
The solar power arm of the Indian industrial conglomerate Tata has posted a 330% growth in profit after tax in 2016-17, citing EPC instead of manufacturing as the reason behind the increase
G Three to sell one-third of 50% stakes in 98 MW
PV investor G Three Holdings has revealed plans to sell one third of two 50% stakes it holds in two ventures that are building 98 MW of solar capacity in northeastern Japan.
Australia: AEMC shies away from “solar tax”
Although proposed in the report’s draft, the Australian Energy Market Commission’s final report on the Distribution Market Model does not mention imposition of charges for export of energy from distributed generators.
JA Solar ships 2.14 GW of modules in Q2
Chinese crystalline module manufacture JA Solar shipped 2.147 GW of modules, and a further 167.2 MW of cells to external customers, as well as 74.5 MW to its own downstream projects. This makes JA Solar only the second company to exceed 2 GW in shipments for a single quarter.
India imposes antidumping duty on tempered glass from China
The Indian Ministry of Finance has imposed an antidumping duty on tempered glass imported from China in the range from $64.04 to $136.21 per metric ton.
Egypt: First project contracts signed under EBRD framework
The European Bank for Reconstruction and Development (EBRD) today announced the completion of financing for two 50 MW PV projects, to be built as part of the 1.8 GW Benban Solar complex in Egypt’s Aswan province.
Datang posts $81.2 million net profit in H1
China Datang Corporation Renewable Power’s net profit more than doubled in the first half of 2017 to CNY 541.77 million ($81.2 million), as utilization hours of its solar projects rose from from the preceding year.
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.
