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.
TerraForm Power holds on to SunEdison staff, changes terms on notes
The changes in terms on notes also include a requirement that companies buying up TerraForm stock take over the notes.
Interview: How Solar Impulse's round the world flight took batteries on a journey of discovery
July’s successful circumnavigation of the globe by Solar Impulse was a triumph for human endurance and ingenuity, and proved solar power’s efficacy as a reliable source of electricity. But the project would not have been possible without batteries… and the journey proved a voyage of discovery for storages technical possibilities.
BBOXX raises $20m funding to boost African off-grid solar presence
The London-based solar systems provider has secured investment from a consortium of backers, including Engie SA, to help support its expansion plans in Cameroon and the Ivory Coast.
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.
PG&E to open bidding process for 75 MW of shared renewables
The California utility is seeking 75 MW of solar and other renewable energy projects from 500 kW to 20 MW in capacity under a new shared renewable energy program.
Enerray to build 104 MWp PV plant in Brazil
It is the second contract that the Italian company has won from Enel Green Power for a large-scale solar plant in Brazil, after it began construction on the mega 254 MWp Ituverava PV plant late last year.
