GCL Group, Softbank sign MOU for 4 GW of solar manufacturing in Andhra Pradesh
The Asian companies will form a joint venture in India to execute the plan. The project’s total investment is expected to be around US$930 million, which will be used for the production of solar PV ingots, wafers, cells, modules and batteries.
Solargiga posts $16.96 million net profit in 2017
Solargiga Energy has recorded a net profit of CNY 107.5 million (US$16.96 million) for the year to the end of December 2017, from a net loss of CNY 239.149 million in the preceding 12-month period.
Solargiga invests in 1 GW of module output — correction
A unit of Solargiga Energy Holdings has revealed plans to invest CNY 160 million ($25.2 million) in 1 GW per year of PV module production capacity.
Solargiga invests $52.8m in new China ingot and wafer fab
Solargiga is ramping up its production capacity for monocrystalline silicon ingot and monocrystalline silicon wafers at a new factory in Quijing, China. Expansion undertaken alongside subsidiary Jinzhou Yangguang Energy.
LONGi Solar posts $191.2 million profit in H1
LONGi Solar Technology has recorded a net profit of CNY 1.236 billion ($191.2 million) for the first half of 2017, up 43.6% year on year.
Solargiga ships 1.16 GW in H1
Solargiga Energy’s shipments of PV cells, solar panels, silicon ingots and wafers reached 1.16 GW in the first half of 2017, up nearly 55% year on year. Revenue from its production business rose 16.2% on the year to CNY 1.97 billion ($291.6 million), according to unaudited preliminary operating statistics filed to the Hong Kong stock exchange.
Solargiga anticipates 2016 loss
The Chinese PV manufacturer expects to record a “substantial loss” for the year to the end of December.
