CGN New Energy’s profit narrows in 2016
The Chinese independent power producer’s profit attributable to shareholders plunged 23.5% year on year to $79.5 million, as revenue slid 6.7% to $1.07 billion in the 12 months to the end of December.
Malaysian PV investment hits $544 million in 2016
The Malaysian Investment Development Authority (MIDA) approved 2.42 billion ringgit ($544 million) of solar investments in the 12 months to the end of December.
Solargiga anticipates 2016 loss
The Chinese PV manufacturer expects to record a “substantial loss” for the year to the end of December.
Tata Power Solar doubles domestic module capacity to 400 MW
The Indian solar producer has also increased its cell manufacturing capacity at its Bengaluru facility to 300 MW as it responds to the government’s Make in India program.
SPI Energy unit to sell 4.8 MW in Japan
SPI Solar Japan, a wholly owned subsidiary of the Chinese PV group, has agreed to sell its entire interest in land and project development rights for 4.8 MW of PV capacity near Tokyo.
Trina Solar goes private
The Chinese PV maker has completed its merger transaction and will now become a private company. Trading of Trina’s shares on the NYSE have been suspended pending de-listing.
Canadian Solar signs PPAs with SECI for 80 MW of solar in India’s Maharashtra state
The Chinese solar firm has finalized power purchase agreements with the Solar Energy Corporation of India for 80 MW of solar PV capacity awarded to the company under the recent Maharashtra tender.
Tongwei subsidiary announces joint venture with Longi
Sichuan Yonxiang Co. Ltd, a subsidiary of Chinese industrial giants Tongwei, has announced the creation of a joint venture with Longi Green Energy Technology. The joint venture plans to build a new polysilicon production plant in Sichuan Province, China, with an annual capacity of 50,000 metric tonnes.
Intevac reports massive ion implant tool order
The company’s ENERGi systems will be used to enable a more than 1 GW expansion of high-efficiency n-type mono cell capacity for an un-named customer in China, a big boost for the technology.
Etrion posts $110.4 million net loss in 2016
The independent power producer recorded a net loss of $110.4 million from its continuing operations — up sharply from $27.5 million a year earlier — due to impairment expenses totalling $75.7 million, in addition to a net deferred tax write-off of $6.9 million.
