BECE forecasts sharply higher H1 profit
Beijing Enterprises Clean Energy (BECE) expects its consolidated net profit to soar by 700% to 800% year on year in the first half of 2017, based on a preliminary review of its unaudited results.
U.S. legislators pressure ITC to reject trade petition
A bipartisan group of congressmen cite the possibility of devastating job losses as a reason to reject the Suniva/SolarWorld Section 201 trade case, one day before the commission hears testimony.
Panasonic’s Q1 profit widens to $445 million
Panasonic reported a net profit attributable to shareholders of ¥48.8 billion ($445.1 million) in the first quarter of the current fiscal year — up sharply from ¥29.2 billion a year earlier — despite a decline in sales of its solar panels.
SolarWorld resumes activities with 700 MW and 515 employees
The German manufacturer will focus on the production of PERC solar cells and bifacial glass-glass modules in the future.
Lesotho secures grant from AfDB to launch 20 MW solar project
If built, the solar facility would be the country’s first large-scale PV power plant and would contribute to 13% of its maximum system demand.
Toshiba narrows PV loss as group struggles to survive
Toshiba has reported a group net loss of JPY 965.7 billion ($8.8 billion) for fiscal 2016, as its energy systems and solutions business — which which builds solar, wind, geothermal and hydropower projects, in addition to battery-based energy storage systems and smart meters — posted an operating loss of JPY 41.7 billion in the 12 months to the end of March 2017, marking a significant improvement from the preceding fiscal year.
Profit and revenue swell for Canadian Solar in Q2
The second quarter financial results for the Chinese-Canadian solar firm reveal above-guidance growth in revenue and shipments, while profit rises to $167.8m for the quarter.
India in line for 9.4 GW solar additions in 2017, says Bridge to India
Report by market analysts forecasts India to become world’s third-largest solar market for 2017 but warns of headwinds including rising competition forcing down tariffs, uncertainty caused by anti-dumping issue, and potential rising module prices.
Brazil to include rooftop solar in low-income housing program “Minha Casa, Minha Vida”
The Brazilian government said it is planning to issue a decree to include the installation of rooftop PV arrays in all new buildings erected under the program by the end of 2017.
First Solar scores 241 MW deal in Australia
First Solar has agreed to supply 241 MW (DC) of its thin-film PV modules to Sydney-based EPC contractor RCR Tomlinson for Edify Energy’s 180.7 MW Daydream and 60.2 MW Hayman solar projects in the Australian state of Queensland.
