Daqo New Energy posts $23 million net profit in Q1
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.
Video: China market not to disappoint in 2017
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.
China installs 7.2 GW of solar in Q1
The 7.21 GW of fresh capacity that was completed in the January-March period marks an increase of just 70 MW from the first three months of 2016, according to the National Energy Administration (NEA).
Comtec posts $146 million net loss in 2016
The Chinese integrated solar specialist recorded a 1 billion yuan ($146 million) net loss for the 12 months to the end of December, from a loss of just CNY 434.7 million during the same period a year earlier.
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).
