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.
Huadian Fuxin posts $293.6 million profit in 2016
The Chinese renewable-energy developer’s consolidated installed PV capacity rose to 977 MW in the year to the end of December, on 177.3 MW of annual capacity additions.
ReneSola fourth quarter results show loss of $25.5m
The Chinese solar firm sees Q4 revenue slump 21.7% YOY, with gross profit also contracting 89.5%. Full year financials reveal similar losses as the company continues its shift towards downstream project development.
Kong Sun posts $7.9 million profit in 2016
The Chinese PV investment group recorded a profit of 54.8 million yuan ($7.96 million), from a loss of 98.9 million yuan in 2015, as it more than double the size of its operational solar portfolio.
Shunfeng expands 2016 loss forecast
Shunfeng International Clean Energy (SFCE) expects to record a loss of 2.4 billion yuan ($349 million) for the 12 months to the end of December 2016.
Neo Solar Power posts $206.9 million net loss in 2016
The Taiwanese PV cell producer partly attributed the NT$6.3 billion ($206.9 million) loss — down from a NT$139 million net profit in 2015 — to the idling of some of its production capacity in China.
Datang’s profit soars in 2016
The Chinese developer posted a profit attributable to shareholders of 198.2 million yuan ($28.7 million), up sharply from just 13.7 million yuan for the same period a year earlier.
Four more Chinese solar manufacturers withdraw from minimum price agreement
Jetion Solar, Hareon Solar and GCL Technology requested to withdraw from the minimum price agreement in October. The three companies, as well as Talesun Solar, are now excluded by Brussels from the undertaking.
