ReneSola posts Q2 results, outlines restructuring plan
ReneSola has recorded a net loss of $31.5 million for the second quarter of 2017, from a loss of $23.2 million in the first three months of the year.
ReneSola to sell all shares in solar manufacturing business to CEO
Share purchase and subscription agreement struck by the Chinese solar company will see 100% of all share capital related to its manufacturing and LED distribution business transferred to the CEO, Xianshou Li, as part of firm’s restructuring.
Solargiga invests $52.8m in new China ingot and wafer fab
Solargiga is ramping up its production capacity for monocrystalline silicon ingot and monocrystalline silicon wafers at a new factory in Quijing, China. Expansion undertaken alongside subsidiary Jinzhou Yangguang Energy.
Hanergy to provide thin-film solar panels to MTbike
China’s Hanergy Holding has signed a CNY 300 million ($45.5 million) strategic agreement with bike-sharing company MTbike, following several other agreements it has recently concluded to generate power with firms in the transportation industry.
Yingli Green Energy posts major shipments increase in Q2
Yingli Green Energy Holding Company, one of the world’s leading solar panel manufacturer, has announced its financial results for Q2 of 2017, which ended June 30, 2017.
LongiTech to raise $36.5 million in share placement
LongiTech Smart Energy aims to generate aggregate net proceeds of HK$285 million ($36.46 million) via a new share placement in Hong Kong.
LONGi Solar hits 22.43% PERC cell conversion efficiency
Monocrystalline PV manufacturer LONGi Solar has reached record 22.43% conversion efficiency on a PERC cell based on mass production technology. The result is confirmed in a report from China’s National Center of Supervision and Inspection in Solar PV Product Quality (CPVT).
LongiTech posts $7 million profit in H1
LongiTech Smart Energy Holding has recorded a profit attributable to the owners of the company of CNY 45.76 million ($7 million) for the first half of 2017, up 8.5% year on year, as it rapidly expanded its core PV development and smart-energy management businesses.
Kong Sun posts $9.8 million profit in H1
Kong Sun has recorded a profit of CNY 63.7 million ($9.75 million) in the first half of 2017, from a loss of CNY 124.4 million a year earlier, as it connected roughly 210 MW of new solar capacity to the Chinese grid.
LONGi Solar posts $191.2 million profit in H1
LONGi Solar Technology has recorded a net profit of CNY 1.236 billion ($191.2 million) for the first half of 2017, up 43.6% year on year.
