The Japanese equipment provider also reported a profit of JPY 446 million ($4.0 million) for the first three quarters of the current fiscal year.
A total of 250 MW of capacity at Andhra Pradesh’s Kadapa solar park has a 13-month completion timeframe from the date of signing of the power purchase agreement. These plans are now put on hold as APSPDCL withdraws from the deal, as once a record low solar power tariff turns into too high a price.
Rahul Gupta, founder and MD of Indian solar developer Rays Experts tells pv magazine that the anti-dumping case lodged against Chinese, Taiwanese and Malaysian solar companies could deliver temporary blow to India’s solar momentum, but in the longer-term it might be best for the sector.
The official target set by the Chinese government for the end of this decade is still 105 GW.
China’s GCL System Integration Technology (GCL-SI) and Vina Solar have started manufacturing PV cells in Vietnam, with annual output estimated at 600 MW. Roughly 330 MW of their total output capacity has been reserved for passivated emitter rear contact (PERC) solar cells.
A 60 MW solar PV plant in the city of Toledo, the largest solar project to be financially underpinned by the Development Bank of the Philippines, has begun dispatching electricity to the grid.
The Taiwanese solar association filed a complaint on behalf of Taiwanese cell manufacturers, claiming that the prices set by the two market research companies do not correspond to real sale prices and are below real production costs.
Another 20 MW solar plant was connected to the grid in the Iranian southeastern province of Kerman, where at the same time construction started on a 100 MW PV facility.
The Indian manufacturer is reported to have completed a fully automatic solar module manufacturing plant in Sangareddy district of the Indian state of Telangana.
The Chinese PV investor said it may record a net profit of up to CNY 40 million ($5.9 million) for the first half of 2017. The preliminary figures point to a sharp turnaround from last year, as it posted a net loss of CNY 124.4 million in the first six months of 2016.
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