Yingli reduces losses despite Y-o-Y drop in revenue and shipments for 2016
The struggling Chinese module maker was able to reduce its losses in fiscal 2016. Revenue and shipments for last year, however, were down due to lower ASPs and lower utilization rate of production capacity.
Neoen plans $250 million solar project in Argentina
The French independent power producer is planning the construction of a 200 MW solar facility in the Argentinean province of Tucumán.
Solek Group issues bond to finance 60 MW of PV in Chile
The Czech solar developer intends to issue public bonds worth 500 million CZK ($19.9 million). The company will use the net proceeds to finance part of a 60 MW PV project pipeline in northern Chile.
Solar Frontier sells 40 MW to Dominion
The U.S. development unit of the Japanese CIS thin-film manufacturer has completed the sale of the 40 MW (DC) Midway II project in California.
Armenia sets up commission to support large-scale PV projects
The Armenian government said the new commission will supervise the development of six solar projects totaling 110 MW.
Malta makes room for more PV
Malta’s water supplier has signed an agreement with Malta Developers Association and with Malta Chamber of SMEs to build MW-sized solar plants on the roofs of all its reservoirs.
Toshiba posts 9-month net loss of $4.85 billion
The Japanese group — which develops solar projects and provides PV systems solutions, in addition to EPC and O&M services — has warned of “substantial doubt” over its “ability to continue as a going concern,” largely due to the decline of its nuclear business in the U.S.
German PV sector reports increasing solar demand
According to the business climate index of German solar association BSW, the order intake of PV developers is significantly increasing thanks to improved financing conditions and more attractive yields.
Spain’s 3 GW renewable energy auction to be held on May 17
The Spanish government has published the auction timeline and the amount of capacity it intends to allocate. Several renewable energy technologies will compete in the tender.
Edisun Power reports increase in revenue and profit
The Swiss solar power producer saw its production increase by 7% in 2016. The company’s PV project portfolio also grew considerably in the past months thanks to the acquisition of several MWs of solar in Spain.
