State Power Investment Corp. (SPIC) — one of China’s top five state-owned electricity producers — has named China Sunergy (Nanjing) as one of its qualified multicrystalline PV module suppliers.
The Chinese solar investment group said that in aggregate, its PV plants generated roughly 374.7 GWh of electricity in the first four months of 2017, up approximately 87.5% year on year.
Neo Solar Power has posted a net loss of NT$1.3 billion ($43.7 million) for the first quarter of 2017, as weak demand in China weighed on orders.
A unit of the Chinese solar investment and development group will acquire a 100% equity interest in China New Energy Holdings, as part of a complex deal involving solar, wind and hydropower assets.
Global issuance soared 60% year on year to $113 billion in 2016, with Chinese and Indian banks playing a critical role in driving growth by issuing debt securities to back the development of PV projects and other climate-related initiatives, Fitch Ratings said in a recent report. The total value of outstanding green bonds had reached $280 billion by the end of March 2017.
At its joint exhibition with Dow Corning at the SNEC show in Shanghai last month, Dow Elastomers showcased its ENGAGE PV POE solution, a polyolefin-based material that can be used in manufacturing both top and bottom encapsulant films for many module types.
China is shifting its major PV installations from previous large utility-sized ground PV plants in the west and north to small-sized distributed PV projects in the eastern coastal areas. During this process, many companies have found new opportunities.
The Chinese polysilicon producer’s net income attributable to shareholders reached $22.9 million in the first quarter of 2017, from just $8.3 million a year earlier.
Far and away the largest PV market in the world, China’s development has broad consequences for the entire PV industry. Nowhere was this more evident than at the SNEC trade show in Shanghai last month, where the question of China’s projected installations for 2017 was hot on everyone’s lips.
The German PV equipment provider will partner with Shanghai Electric Group and Shenhua Group to further develop the CIGS technology. NICE PV Research has already started R&D activities.
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