GCL-Poly Energy H1 profit edges down to $181 million
GCL-Poly Energy’s profit attributable to owners of the company fell 13% year on year in the first half of 2017 to CNY 1.19 billion ($181.3 million), as declining wafer prices offset gains made by its PV project business.
Global solar potential is highly underestimated, study shows
PV can reach a share of 30% to 50% in the global power production by 2050, according to a study conducted by Mercator Research Institute on Global Commons and Climate Change.
Bulgaria: municipality of Devnya preps to host 180 MW solar plant
The project is expected to be built by local company 4B Solar in three phases by the end of 2022.
Italy adds 234 MW of new PV capacity in H1 2017
The Italian solar market has registered 16% year-on-year growth in the first six months of 2017. New additions for June reached 29.7 MW.
Barclays backs 14.5 MW in Japan with $42 million of project bonds
Barclays has facilitated the sale of JPY 4.67 billion ($42.2 million) of project bonds to support the development of 14.5 MW of solar projects in western Japan.
Germany installs 155 MW of PV in July
Demand for small-sized PV systems remained strong in Germany in July, while growth of large-scale plants was lower than in the previous months.
India’s MNRE signs grid and RE framework with Germany’s GIZ
Agreement signed between India’s Ministry of New and Renewable Energy & GIZ Germany seeks improvement of framework conditions for grid integration and renewable energies.
Ontario launches green fund with initial $298 million investment
The authorities in the Canadian province of Ontario have announced the launch of the Green Ontario Fund, with the nation’s leading PV industry body hailing the new scheme as a potential boon for future solar deployment.
ABB hits 5 GW Indian inverter supply milestone
Switzerland’s ABB has further consolidated its market presence in India’s burgeoning renewables sector, surpassing a 5 GW supply milestone. The company claims its inverters now power 40% of various solar projects across the country, whose accumulated capacity stands at 13 GW.
Prime Enerji builds two PV plants totalling 25 MW in Turkey
The projects are being developed in partnership with German EPC contractor InTEC Energy Solutions in the Turkish provinces of Denizli and Erzurum.
