The Hong Kong-based thin film manufacturer’s parent company may not be able to deliver mammoth panel orders on time, but looks set to arrange a HK$5/share deal to take the troublesome unit back in house and list it on the A-share index, in a move which will come as a relief to shareholders stuck with its stock since May 2015.
The Hong Kong government will start discussing plans from early next week to give owners of residential and commercial rooftop solar PV systems the chance to sell surplus electricity to the grid.
While President Trump has a range of options, all likely scenarios seem likely to result in a modest increase in the cost of solar installations.
Huadian Fuxin Energy recorded a profit attributable to shareholders of CNY 1.45 billion ($217.9 million) in the first half of 2017 — roughly similar to its results in the first six months of the preceding year — as the company’s total installed PV capacity surpassed the 1 GW mark in China.
The expansion of the Asian solar market in the first quarter of 2017 was broadly similar to the growth seen in the first quarter of last year, although most countries in the region have yet to reveal official installation statistics for the January-March period, the Asian Photovoltaic Industry Association (APVIA) said in a new report.
Net income hit $3.3 million in the 12 months to the end of December, from a net loss of $1.6 million a year earlier, although the Hong Kong-based PV independent power producer recorded a net loss of $8.7 million in the fourth quarter, from $7.4 million in the final three months of 2015.
Hong Kong energy firm posts revenue of HK$4.48 billion in 2016, and reports profits of HK$252 million following the resumption of trading. Firm’s solar division reports solid results.
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