Investors advised by J.P. Morgan purchase stake in Sonnedix Group
The investors acquired all of the outstanding shares in Sonnedix, less than two years after J.P. Morgan partnered with the solar power producer to pursue opportunities in the global solar market.
Shunfeng's H1 net profit slumps 68% YOY due to curtailment and delayed tariffs
Despite increasing gross profit by 114% and revenue 30.9% year-on-year, China’s SFCE suffered from widespread grid curtailment of its solar power plants, as well as delayed tariff subsidies.
United PV achieves modest H1 profit increase of $37m
The Chinese solar PV group increased its net profit by 1% year-on-year as it ramped up its downstream portfolio by more than 55%.
Hanergy reports H1 net profit of $105m
The troubled Hong Kong solar companys financials reveal that two customers accounted for almost 80% of sales revenue in first six months of the year; revenue reported as $425 million for the period.
India: Adani to commence 1.2 GW solar fab construction before year end
The Indian conglomerate says it expects to commission phase one of its Gujarat solar equipment facility before year end, with Phase 2 penciled in for April 2017. Tenders issued for 200 MW solar+storage in Karnataka.
NEXTracker acquires predictive modeling software firm BrightBox
U.S. tracker manufacturer NEXTracker has purchased software firm BrightBox Technologies in a move it says will augment its predictive modeling capabilities and expedite the commissioning process.
GCL-Poly agrees to buy $150 million of SunEdison's manufacturing business
The Chinese company will buy three of SunEdison’s manufacturing businesses involved in polysilicon and cell production, amid rumors that it is also planning to make a bid for SunEdisons controlling stake in TerraForm Power.
TrinaBEST to expand into Japan
The new storage arm of Trina Solar, Trina Energy Storage Solutions, otherwise known as TrinaBEST, has announced the establishment of a Japanese subsidiary, TrinaBEST Japan to help grow its energy storage business in Japan.
RWE to acquire PV and storage specialist Belectric Solar & Battery
The German utility’s renewable energy arm, innogy SE, has signed the contract to acquire Belectric Solar & Battery, a solar developer who has built more than 1.5 GWp of PV projects worldwide, significantly enhancing the company’s solar and storage expertise.
Sharp mulls China solar cell market entry
Japanese electronics giant is preparing to expand into the Chinese solar market with an eye on supplying megasolar plants being planned across the country. Strategy could prove risky, experts say.
