Turnover for the first half of this year was slightly down from the previous year. Large order intakes from China, however, will lead to a substantial improvement of the company’s result for full fiscal year.
The Middle Eastern country has so far mainly supported large-scale projects. The new rules, which will apply to projects not exceeding 1 MW, will come into force in mid-2018.
With revenue and gross profit up on Q1, the South Korean vertically integrated solar company continues strengthening its financial position, reducing its debt-to-equity ratio by 80%.
Canadian solar has announced the sale of an 80% in a 92.5 MW project located in Brazil. The stake is to be acquired by EDF Energies Nouvelles, representing the third deal in a row between the two energy giants.
The new rules will apply to large-scale projects as well as to residential and commercial PV.
The Chinese vertically integrated solar company signed a supply deal with Gransolar to ship its high efficiency modules to Chihuahua State. The PV plant was commissioned in April.
The German PV equipment supplier reports a stronger order intake for the first half of this year. Turnover, however, was lower than last year.
German silver paste manufacturer Heraeus announced that it has appealed the decision of Taiwanese regional intellectual property (IP) court, following its July 7th decision that Giga Solar does not infringe on its patent.
The German inverter manufacturer reports that shipments remained stable in the first half of this year, while revenues were down compared to a year earlier. The company, however, has raised its outlook for 2017.
The regulated tariff, which was previously granted only to small and medium hydro- power plants, was extended to PV up to 2 MW and wind projects not exceeding 3 MW in size.
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