China

Yingli’s financials go from bad to worse

In reporting its FY 2017 financials, Yingli has again revealed that “substantial doubt exists as to the Company’s ability to continue as a going concern.” It is seeking to agree on a debt restructuring plan with creditors, and is asking them to refrain from initiating bankruptcy proceedings. Overall, it recorded a 2017 net loss of US$510 million and total liabilities of $3.2 billion. It has not issued guidance for this year.

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Meyer Burger secures $16 million equipment order from Asia

Meyer Burger Technology Ltd has secured a CHF 16million (US$16.3 million) order from an unidentified Asian customer for its MAiA and FABiA cell coating equipment. It is the first industrial order for the latter platform, says the company.

Sungrow plans 3 GW inverter fab in India

Sungrow, the world’s second largest inverter supplier, according to GTM research, has announced plans to establish production facilities in India. The Chinese inverter company is aiming to strengthen its global delivery capability by setting up central and string inverter facilities in the state of Karnataka. The fab would be its first outside of China.

ReneSola records positive performance following restructuring

The Chinese solar PV project developer has posted positive earnings for both FY2017 and Q4, although it has not included its discontinued manufacturing operations in its latest financials. Overall, it has a project pipeline of 1.1 GW, big plans for Europe and a strategic investor interested in injecting US$31.6 million in its Chinese Holdco.

Longi half cut PERC module exceeds 360 W

Longi is progressing at breakneck speed, having announced yet another world record. This time, the Chinese manufacturer says its 120-cell half-cut monocrystalline PERC module has exceeded 360 W.

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China bucks forecasts to install 9.65 GW of PV in Q1, DG leads the way

Of the 9.65 GW of solar PV China installed in the first quarter of 2018, 7.68 GW comprised distributed generation (DG) systems, reports China’s National Energy Administration (NEA). Changes to the country’s PV policy have also been proposed.

Meyer Burger to appeal Chinese ruling in patent infringement lawsuit

Meyer Burger (Switzerland) Ltd has said it will appeal the decision by a Chinese court to dismiss claims that Wuxi Shangji Automation Co. Ltd has infringed on its patented wire wrapping system.

China to power new sustainable development zone with renewables

The Chinese authorities plan to use renewable energy technologies to provide all of the electricity that will be consumed in a new economic zone that is being developed near Beijing, according to local state media reports.

GCL-Poly Energy offers $110m loan to subsidiary

China’s GCL-Poly Energy Holdings has agreed to lend US$110 million to GNE Development, a wholly owned unit of the group.

The weekend read: On track for quality improvement

China continues to grow in importance as a key source of components for solar trackers produced by the world’s leading tracker companies, in part since improvements in Chinese quality control have advanced significantly over the last few years.

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