Huajun Holdings reports 29% revenue drop in its solar business
The Chinese group, which operates in the solar sector through its unit Huajun Ectricpower Limited, saw its solar segment achieve a turnover of RMB 545.7 million (US$82.4 million) in the first half of fiscal 2017.
Comtec cancels wafer supply agreement with Mission Solar
The Chinese solar company has terminated the agreement to supply wafers to the U.S. producer after repeated failures by Mission Solar to purchase the required quantities of wafers outlined in the contract.
US Senate approves tax bill with provision to hobble solar, wind tax credits
The bill will now be reconciled with the House version, which does not contain the BEAT provision. SEIA says that it has four Senators who support “fixes”, but was not able to get a modification to the Senate bill.
US: Longi, Canadian Solar in talks with Suniva
Reports from the Suniva’s bankruptcy filings indicate conversations with multiple companies that could potentially acquire the bankrupt cell and module maker.
Fortum to buy 35 MW of solar plants in Russia
The Finnish power utility has agreed to acquire three solar facilities, commissioned between 2016 and 2017 and located in Russia, from local solar module maker Hevel.
GCL-Poly sells stake to back new polysilicon plant
GCL-Poly Energy has revealed plans to sell off a stake in a subsidiary that is building a massive polysilicon plant in northwestern China, while injecting CNY 2.99 billion ($452.1 million) of fresh capital into another group unit to strengthen the competitiveness of its monocrystalline silicon business.
“Devastating” provision in US Senate tax bill could hobble the ITC
Renewable energy trade organizations in the U.S. are scrambling to stop the BEAT provision as the Senate’s tax bill hurtles towards a vote.
UK government backs national battery facility to tune of £80m
Partnership between Coventry City Council, University of Warwick’s WMG and Warwickshire Local Enterprise Partnership to receive sizable investment from British government to build and maintain world-leading storage research and production facility.
ADB finances 20 MW of solar in Afghanistan with $44.7 million
The funds will be used to build a solar plant in Naghlu, in the capital Kabul’s Surobi district.
The weekend read: Will duties ADD doubt to India’s solar growth?
The threat of India’s government imposing anti-dumping duties (ADD) against solar cells and modules from China, Taiwan and Malaysia is very real, and runs counter to its own ambitions of hitting 100 GW of solar by 2022. Or does it? Could duties help to boost India’s solar industry in other ways? And does the ongoing political uncertainty create opportunity or trepidation for industry?
