IFC reportedly invests $60 million into Jinko Malaysia
The Chinese PV manufacturing giant’s Malaysian arm has reportedly received a $60 million financing package from the IFC.
Indonesia: new policy scheme and PV projects
Indonesia recently brought in a new renewable energy law that changes the remuneration tariffs for renewable energy projects, including solar PV systems. Furthermore, the country’s state-owned utility recently signed agreements for new photovoltaic capacity.
Mercom Capital: $3.2 billion total corporate funding for solar raised in Q1
Information published by industry analysts Mercom Capital Group shows that a total of $3.2 billion was raised from 60 deals in the first quarter of 2016. This represents a major increase from the previous quarter, when $1.6 billion was raised in 45 deals.
Germany: several Chinese PV manufacturers face legal action for circumventing duties
According to media reports, several Chinese solar module manufacturers will face legal actions for illegal trade of PV products in Germany. For one of these cases, approximately €110 million in tax frauds is reported. The court of Nürnberg-Fürth in southern Germany has already launched prosecutions related to the matter for four persons.
LongiTech buys Guangshuo New Energy for $16.7 million
The Chinese company has purchased the entire equity interest in Gaobeidian Guangshuo New Energy for HK$130 million ($16.7 million). As part of the deal, it will issue 44,820,000 consideration shares at HK$2.9 per share.
China extends antidumping and anti-subsidy duties on polysilicon imported from EU
Mocfom’s decision to extend antidumping and anti-subsidy duties on polysilicon imported from the EU is likely a reaction to the 18-month extension of the EU duties on Chinese solar modules. German polysilicon maker Wacker Chemie had previously agreed a minimum import price with China.
UK adds 111 MW of solar in Q1 2017
Great Britain installed 111 MW of new PV systems in the first three months of this year, according to provisional BEIS statistics. The country’s cumulative capacity now surpasses 11.85 GW.
BECE posts $68 million net profit in 2016
The Hong Kong-listed renewables developer recorded a net profit of HK$529.2 million ($68.03 million) in the 12 months to the end of December, from a profit attributable to shareholders of about HK$38.5 million in 2015. Basic earnings per share for the year were HK$0.14.
Cubico buys 105.6 MW of PV plants in Italy
The British renewable energy infrastructure company has agreed to acquire 18 solar facilities located in Italy from a joint venture between U.S. companies Riverstone and SunEdison.
Symbior Solar, Paragon awarded 10 MW project
The two companies have pledged to bring online one of a few large-scale solar PV plants in Bangladesh.
