LongiTech buys Guangshuo New Energy for $16.7 million
The Chinese company has purchased the entire equity interest in Gaobeidian Guangshuo New Energy for HK$130 million ($16.7 million). As part of the deal, it will issue 44,820,000 consideration shares at HK$2.9 per share.
China extends antidumping and anti-subsidy duties on polysilicon imported from EU
Mocfom’s decision to extend antidumping and anti-subsidy duties on polysilicon imported from the EU is likely a reaction to the 18-month extension of the EU duties on Chinese solar modules. German polysilicon maker Wacker Chemie had previously agreed a minimum import price with China.
BECE posts $68 million net profit in 2016
The Hong Kong-listed renewables developer recorded a net profit of HK$529.2 million ($68.03 million) in the 12 months to the end of December, from a profit attributable to shareholders of about HK$38.5 million in 2015. Basic earnings per share for the year were HK$0.14.
United Photovoltaics Group agrees to acquire 200 MW plant in China’s Ningxia
A Chinese group’s unit has formally agreed the acquisition of 200 MW solar power plant in China from Beijing Zhongteng IOT Technology.
Trina Solar ships first 20 MW batch of new DUOMAX twin modules
The Chinese PV behemoth has supplied 20 MW of its newly launched bifacial module DUOMAX twin to a project in China’s Qinghai province.
United PV to raise $85.4 million with share issuance
The Chinese solar investor and developer has revealed plans to issue 700,000,000 shares to Driven Innovation at HK$0.95 per share, representing about 9.39% of its existing issued share capital. It expects net proceeds to reach HK$664.5 million ($85.4 million).
Arkema increases fluoropolymer production capacity in China by 25%
The capacity increase at Arkema’s Changshu platform near Shanghai aims at better serving the company’s customers in the storage and photovoltaic sectors.
SNEC 2017: news roundup
This year’s busy SNEC exhibition delivered its usual steady stream of news, new products and market insight. pv magazine rounds up the main stories and trends from the three-day event.
SNEC Daily: First day of exhibition draws huge crowds
Day one of the SNEC exhibition attracted massive crowds as China brushed off worries about a slow start to the year.
GTM Research: global solar market to see 9% growth in 2017
Increasing demand for solar power in China has prompted analysts to boost their 2017 estimates, forecasting an increase of more than 9% this year, with the annual global market reaching 85 GW.
