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.
Canadian Solar sells two PV power plants to Shenzhen Energy for $99.8 million
Canadian Solar is racking up sales in China with another two solar power plants traded for $99.8 million.
Greenpeace: China to see $782bn investment in solar, wind, by 2030
China is set to attract as much as 5.4 trillion yuan ($782 billion) in wind and solar sector investment between 2016 and 2030, off-grid solar stands out as the most economical way to address energy poverty, and curbing carbon footprint brings further environmental and economic benefits, finds a report by Greenpeace.
Solargiga posts $34.7 million net loss in 2016
The Chinese PV manufacturer fell from a 2015 net profit of 16.4 million yuan ($2.4 million) to a net loss of 239.1 million yuan in the year to the end of December 2016.
GCL-Poly investing $826m in construction of 60,000 MT polysilicon plant in China
The clean energy company is spending RMB 5.68 billion on the creation of the poly plant, which will comprise 40,000 tonnes of new production capacity and 20,000 tonnes of relocated capacity from the firm’s existing facility in Xuzhou.
EU freezes minimum import price at China’s request
The Chinese Chamber of Commerce had proposed not to the change the conditions of the minimum price agreement until the end of the interim review. Brussels has now accepted this proposal. In doing so, the European Commission has maintained the minimum import price for Chinese solar modules at €0.46/W.
