United PV forms investment tie-up
Wholly owned group subsidiary Zhaolian Lvyi has agreed to set up a partnership with China Zheyin Synergy Capital Management to invest in companies that are building solar, wind, hydropower and biomass projects.
Longi’s solar module embrace supercharges its 2016 profit and revenue
The Chinese solar company’s new module business underpins strong 12 months for the firm, with revenues rising 94% year-on-year and net profit soaring by 197% over the same period.
Tesla to issue US$1 billion stock & convertible bond offering
The EV, solar and battery company has filed to issue $750 million in convertible notes, and another one million shares of stock in advance of its Model 3 roll-out.
EBRD commits €300 million to Greece’s renewables
The European Bank for Reconstruction and Development (EBRD) has announced a framework committing up to €300 million of new financing for Greece’s renewable energy sector. The timing is crucial, since the Greek electricity sector is expected to undergo fundamental changes very soon.
JA Solar posts 16% revenue, 25% shipment year-on-year increase in 2016
A solid fourth quarter ended a good year for the Tier-1 Chinese solar company, where shipments topped 5.2 GW and revenue reached $2.3 billion.
Trina Solar goes private
The Chinese PV maker has completed its merger transaction and will now become a private company. Trading of Trina’s shares on the NYSE have been suspended pending de-listing.
Tongwei subsidiary announces joint venture with Longi
Sichuan Yonxiang Co. Ltd, a subsidiary of Chinese industrial giants Tongwei, has announced the creation of a joint venture with Longi Green Energy Technology. The joint venture plans to build a new polysilicon production plant in Sichuan Province, China, with an annual capacity of 50,000 metric tonnes.
Etrion posts $110.4 million net loss in 2016
The independent power producer recorded a net loss of $110.4 million from its continuing operations — up sharply from $27.5 million a year earlier — due to impairment expenses totalling $75.7 million, in addition to a net deferred tax write-off of $6.9 million.
CEFC finances 165 MW at three sites in Australia
Clean Energy Finance Corp.’s (CEFC) has announced its latest round of solar financing, with A$77 million ($58.3 million) to support the development of three projects in the states of Queensland and Victoria.
Reunert takes 51% interest in South African EPC contractor Terra Firma Solutions
The South-African investment company has acquired a 51% stake in solar EPC contractor Terra Firma Solutions. The company provides EPC services for rooftop solar projects in sub-Saharan Africa
