IBC Solar signs contract with SECI for 20 MW solar plant in India
The large-scale project will be owned and developed by IBC solar in Odisha.
Malaysia emerging as key PV investment target — BMI
The enthusiastic response earlier this month to Malaysia’s second competitive auction for large-scale PV projects highlights the country’s growing importance as a destination for clean-energy investment, with non-hydro renewables capacity to rise from 1.4 GW last year to 3.4 GW by 2026, according to a new report.
Bali’s PV potential shines in ADB mapping study
The island of Bali could produce as much as 115,371.9 GWh of electricity per year — far above its projected requirement of just 4,992.7 GWh per year by 2019 — and solar offers the greatest potential for future development, according to a new report by the Asian Development Bank (ADB).
Datang posts $81.2 million net profit in H1
China Datang Corporation Renewable Power’s net profit more than doubled in the first half of 2017 to CNY 541.77 million ($81.2 million), as utilization hours of its solar projects rose from from the preceding year.
India: MAHAGENCO tenders 110 MW of solar
Bids have been invited for 110 MW of grid-connected solar projects in the Indian state of Maharashtra, in two separate tenders with September 26 as the submission deadline.
GCL New expects H1 profit on 1 GW of capacity
GCL New Energy will likely post a profit of CNY 450 million ($67.4 million) in the first half of 2017, from a profit of just CNY 147 million a year earlier, as it connected 1.04 GW of new solar capacity to the grid.
Hitachi, Itochu, NEDO switch on PV microgrid pilot in India
Japan’s New Energy and Industrial Technology Development Organization (NEDO) has started operating a microgrid powered by a 1 MW solar array in western India.
Sparx posts $4 million profit in Q1
Japanese asset manager Sparx has reported a profit attributable to owners of the company of ¥460 million ($4.15 million) in the first quarter of the current fiscal year, as it connected roughly 20 MW of new PV capacity to the grid.
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.
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.
