Jinko finalizes sale of downstream business in China
The Chinese tier one solar manufacturer has cut its ties with its downstream business in China, Jinko Power, after completing the sale of 55% of its shares in the business for USD 250 million, as it continues to focus on its upstream activities.
Comtec Solar to add residential solar business to company portfolio
The Chinese solar manufacturer has agreed to buy a 51% stake in residential solar business, Forum (Asia), as the company begins to come good on its plans to expand into the downstream side of the industry.
GTM Research: Purchases to overtake third-party residential solar in 2017
GTM Research expects the declining market share of residential solar leasing and power purchase agreements to continue in coming years, with loans and direct purchases overtaking third-party solar as the dominant market in 2017.
Neo Solar Power Q3 revenue contracts 33.85%, losses hit $84 million
The Taiwanese solar cell producer suffers revenue slump as cell ASPs slump significantly in the third quarter due to tumbling demand. Overseas expansion expenses weigh heavy on balance sheet.
India: 750 MW of solar tendered at record low price
The Rajasthan tender by the Solar Energy Corporation of India saw a new low benchmark price of INR 3.93/kWh for large-scale PV, besting the country’s previous low.
Etrion to sell 60 MW Italian solar portfolio
A joint venture of Enel Green Power and Fondo Italiano per le Infrastrutture has signed the contract to buy the 60 MW of solar projects from Etrion for a fee that could go as high as EUR 102 million, as business for the Swiss power producer seems to be strengthening after posting positive quarterly financial results.
SolarWorld’s year of two halves laid bare as Q3 revenue contracts
Revenue of EUR 204 million is below both Q2 2016 and Q3 2015 despite slight shipments increase year-on-year. SolarWorld cuts production volume and staff in third quarter as it prepares for Q4.
Orange to build 34 MW of solar projects in Jordan
The solar plants from the telecommunications company are the first projects to be equity financed by the Catalyst MENA Clean Energy Fund, which is hoping to set up a selection of renewable energy projects across the Middle East and North Africa, beginning by taking advantage of Jordan’s new “wheeling law.”
Astronergy equips Bangladesh post offices with solar modules
Solar module manufacturers Astronergy will provide solar modules for 8500 post offices across the nation of Bangladesh. The modules will provide a reliable off grid power source to post offices in remote regions where power cuts or lack of grid connection are a problem.
SunEdison pushes back on TerraForm settlement proposal
SunEdison under restructuring officer John S. Dubel has put out a note to “clarify” its position on the settlement process, which may not be entirely easy.
