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.
The Tier-1 Chinese solar company saw its profit slip both sequentially and year-over-year, however, as lower average selling prices continued to fall. Company will seek opportunities to streamline operations moving forward.
The Chinese PV manufacturer has agreed to provide its Eagle series solar panels for undisclosed solar fishery projects being developed by Jing Bei New Energy. It did not disclose the terms of the deal.
Subsidiaries of GCL New Energy Holdings have selected Xi’an Datang Electric Power Design and Research Institute to provide EPC services for 165 MW of solar capacity at three sites in China.
The Chinese energy group’s external sales of polysilicon fell about 43.4% year on year to 1,896 metric tons (MT) in the January-March period.
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.
The Ernst & Young’s RECAI league table sees big movements at the top, as China and India take on the mantle of leaders, while the U.S. drops to third spot.
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.
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