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Hong Kong

Solargiga’s unaudited Jan-Sept revenue spikes 11% on year

The Hong Kong-based solar manufacturer appears to have posted impressive revenue gains this year, based on preliminary, unaudited operating results for the first three quarters of 2019. But as the troubled company continues to pin its hopes on a much-anticipated turnaround in Chinese solar demand, its long-term outlook remains uncertain, mere weeks before the scheduled de-listing of its shares in Taiwan.

Shunfeng forecasts $255m loss for 2018

Shunfeng International Clean Energy expects its annual losses to have widened to around $255 million last year, up from $125 million in the preceding 12-month period.

Hong Kong authorities propose generous new rooftop solar FIT

The Hong Kong government will start discussing plans from early next week to give owners of residential and commercial rooftop solar PV systems the chance to sell surplus electricity to the grid.

Researchers develop approach to identify best organic solar cell mixtures

The new temperature-dependent parameter can say “it’s a match“ even before manufacturing organic solar cells, saving time and resources, find scientists at the North Carolina State University and the Hong Kong University of Science and Technology.

CP Clean Energy’s generation falls slightly in Jan-Sept period

China Power Clean Energy Development  (CP Clean Energy) said its subsidiaries collectively generated about 7642.5 GWh of electricity in the nine months to the end of September, down just 0.97% from the first nine months of 2016.

China Singyes posts $12.3 million profit in H1

China Singyes Solar Technologies has recorded a profit of CNY 80.98 million ($12.3 million) in the first half of 2017, down roughly 75% year on year, as it connected just 58.5 MW of fresh PV capacity to the Chinese grid.

Huadian Fuxin posts $218 million profit in H1

Huadian Fuxin Energy recorded a profit attributable to shareholders of CNY 1.45 billion ($217.9 million) in the first half of 2017 — roughly similar to its results in the first six months of the preceding year — as the company’s total installed PV capacity surpassed the 1 GW mark in China.

Xinyi Solar posts $160.5 million profit in H1

Chinese PV developer and EPC specialist Xinyi Solar recorded a net profit of HK$1,254.9 million ($160.5 million) in the first half of 2017, up 12.5% from the preceding year, as its downstream unit’s cumulative installed capacity passed the 1 GW mark.

Kong Sun forecasts H1 profit of $5.9 million

The Chinese PV investor said it may record a net profit of up to CNY 40 million ($5.9 million) for the first half of 2017. The preliminary figures point to a sharp turnaround from last year, as it posted a net loss of CNY 124.4 million in the first six months of 2016.

CP Clean Energy’s H1 output declines offset by PV

China Power Clean Energy Development’s (CP Clean Energy) total power generation fell 10.67% year on year to 4,659,796.77 MWh in the first half of 2017. However, the completion of several solar projects — as well as improvements related to the PV curtailment rate in China — helped to balance out the declines.

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