First Solar reports strong Q1 results as it readies for Series 6
First Solar brought in a net profit on the sale of a major solar project, as it orders tools and prepares for the switch to its large-format series 6.
Comtec posts $146 million net loss in 2016
The Chinese integrated solar specialist recorded a 1 billion yuan ($146 million) net loss for the 12 months to the end of December, from a loss of just CNY 434.7 million during the same period a year earlier.
Kyocera supplies modules for 92 MW PV plant in Japan
A joint venture of four Japanese firms invest $315 million for a solar project in the south of the country. The solar park is scheduled to start operation in January 2020, producing 99 MWh annually.
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.
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.
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.
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.
