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South Korea's solar shipments spike in January-June period
Exports of solar modules and related PV kit soared 46.7% year on year to $2.01bn in the first seven months of 2016, according to new government data.
Silicor nears completion of financing for USD1bn Iceland facility
U.S. solar silicon manufacturer Silicor Materials is just USD150 million away from completing financing for the company’s first commercial-scale site to produce solar silicon using its unique production process.
Foresight Solar Fund raising capital for further solar investment
The U.K. investment company has announced that it is putting 28.2 million shares up for sale in an attempt to raise GBP 28.9 million (USD 38.5 million) for investment in an attractive 200 MW solar pipeline that it has identified.
Jinko Solar and Heraeus enter into fresh collaboration
The established partners enter a new phase of their cooperation, as Jinko Solar is using Heraeus Photovoltaics front-side silver paste on its new high-efficiency solar cells.
The pv magazine weekly news digest
More storage movement as RWE moves to acquire Belectric and Enphase launches its AC battery in Australia and New Zealand. SolarCity-Tesla and GCL-SunEdison also make the news turn this week.
SolarCity value miscalculated by $400 million in Tesla merger
A Securities and Exchange Commission (SEC) filing by Tesla on Wednesday revealed that the investment bank that advised SolarCity on its sale to Tesla, Lazard Ltd, double-counted some of the companys projected indebtedness, resulting in a $400 million undervaluation.
Investors advised by J.P. Morgan purchase stake in Sonnedix Group
The investors acquired all of the outstanding shares in Sonnedix, less than two years after J.P. Morgan partnered with the solar power producer to pursue opportunities in the global solar market.
Shunfeng's H1 net profit slumps 68% YOY due to curtailment and delayed tariffs
Despite increasing gross profit by 114% and revenue 30.9% year-on-year, China’s SFCE suffered from widespread grid curtailment of its solar power plants, as well as delayed tariff subsidies.
United PV achieves modest H1 profit increase of $37m
The Chinese solar PV group increased its net profit by 1% year-on-year as it ramped up its downstream portfolio by more than 55%.
Hanergy reports H1 net profit of $105m
The troubled Hong Kong solar companys financials reveal that two customers accounted for almost 80% of sales revenue in first six months of the year; revenue reported as $425 million for the period.
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