Covid delays drove 20% dip in solar project revenue for Chinese developer last year
But new ventures into coal-fired steam and petrochemicals products helped state-owned China Shuifa Singyes towards a significantly healthier balance sheet in 2020.
Shuifa Singyes reports annual results
The bailed-out solar company has seen its fortunes reverse since state-owned Shuifa rode to the rescue but it still has some assets frozen as the result of civil cases.
Chinese PV Industry Brief: More ingot and module capacity, China’s largest rooftop project and a possible new listing
A new week has brought another slew of big production capacity announcements as online retailer JD.com prepares to install 200 MW of solar rooftop capacity and project developer SFSY reported on a promising new business stream.
Shuifa playing central role in bailing out distressed Chinese PV developers
The state-owned construction business which saved Singyes Solar with a US$200 million bail-out is now preparing to invest in a 75% stake in debt-saddled peer China Solar, whose shares have been unlisted since August 2013.
