JA Solar CFO stands down for personal reasons
Herman Zhao resigned on March 27 from his role as chief financial officer for Chinese solar firm, JA Solar. The company affirmed that there had been “no issues involving its financial statements” that prompted the move.
French energy giants keep investing in renewables
Engie has become partner of the solar and hydrogen-propelled catamaran, Energy Observer, while Total has become the founding partner of the Cathay Smart Energy Fund in China.
Manz dismisses CFO
A few days after announcing a record turnover and positive EBIT, the German PV equipment provider has now dismissed its CFO, Gunnar Voss von Dahlen, effective immediately. The company said his departure was due to divergent opinions about its strategic direction.
Meyer Burger reports €67.8 million loss for fiscal 2017
The Swiss PV equipment manufacturer recorded a loss of around €68 million last year. Although Meyer Burger was able to slightly increase sales, the EBITDA margin was below 3%. This year, the company is aiming for an EBITDA margin of 10%, in order to return to profitability.
Solargiga posts $16.96 million net profit in 2017
Solargiga Energy has recorded a net profit of CNY 107.5 million (US$16.96 million) for the year to the end of December 2017, from a net loss of CNY 239.149 million in the preceding 12-month period.
JinkoSolar posts strong shipments increase for 2017, but lower profits
Last year, the Chinese solar PV module maker shipped 9.8 GW, and achieved a revenue of US$4 billion. Both gross and net profit, however, declined due to lower ASPs, higher polysilicon prices and increased output from OEM partners.
Northwest Europe could install 60 GW of subsidy-free renewables by 2030, report finds
Aurora Energy Research report calculates as much as €180 billion renewable investment opportunities in the region through to 2030, of which €64 billion could be for subsidy-free projects.
No deal: US rejects EU’s WTO request for softer tariffs on solar
Joint communication between the European Union and the U.S. reveals that Washington has not agreed with suggestions from Brussels that EU solar imports were not causing any serious injury and thus should be subjected to a less penalizing tariff.
IFC, EIB and EBRD commit $424.5 million in green bonds for emerging markets
Three of the world’s leading development finance institutions (DFIs) commit US$424.5 million of investment in green bonds, specifically for developing markets.
Schletter files for insolvency under self-administration
The German PV company aims to finalize the proceedings, which are possible under German insolvency law since the summer of 2012. Business operations are expected to run at full capacity.
