Singyes Solar records 43% rise in net profit in 2016 full-year financials
The Chinese solar manufacturer saw revenue and profits both increase considerably last year. The company’s solar EPC business registered a 51% increase in turnover in 2016.
Yingli reduces losses despite Y-o-Y drop in revenue and shipments for 2016
The struggling Chinese module maker was able to reduce its losses in fiscal 2016. Revenue and shipments for last year, however, were down due to lower ASPs and lower utilization rate of production capacity.
Aquila Capital sells 38.4 MW in Japan
The German asset manager has completed the divestment of its second solar project in Japan.
Canadian Solar sells two PV power plants to Shenzhen Energy for $99.8 million
Canadian Solar is racking up sales in China with another two solar power plants traded for $99.8 million.
Toshiba posts 9-month net loss of $4.85 billion
The Japanese group — which develops solar projects and provides PV systems solutions, in addition to EPC and O&M services — has warned of “substantial doubt” over its “ability to continue as a going concern,” largely due to the decline of its nuclear business in the U.S.
SB Energy completes 350 MW in India
The developer — a venture between Japanese telecoms giant SoftBank, New Delhi-based conglomerate Bharti Enterprises and Taiwanese contract manufacturer Foxconn — has commissioned its first project in the country in Kurnool district, in the state of Andhra Pradesh.
Macquarie reported to have acquired 330 MW of solar PV in India
Based on reports, an infrastructure fund of Australia-based Macquarie Group has acquired a large solar portfolio from India’s Hindustan Power.
Greenpeace: China to see $782bn investment in solar, wind, by 2030
China is set to attract as much as 5.4 trillion yuan ($782 billion) in wind and solar sector investment between 2016 and 2030, off-grid solar stands out as the most economical way to address energy poverty, and curbing carbon footprint brings further environmental and economic benefits, finds a report by Greenpeace.
India sets new record low solar tariff of $0.0486/kWh
Winning bid for 250 MW solar project in NTPC-tendererd auction in Andhra Pradesh by Solairedirect is 4.5% lower than previous record price of $0.0494/kWh set earlier this year at the Rewa auction.
India’s cumulative solar capacity tops 12 GW, says energy minister
Over the last fiscal year, India added 5,525 MW of new solar to push its cumulative capacity past 12 GW and affirm its status as one of the world’s leading solar powers.
