ABB hits 5 GW Indian inverter supply milestone
Switzerland’s ABB has further consolidated its market presence in India’s burgeoning renewables sector, surpassing a 5 GW supply milestone. The company claims its inverters now power 40% of various solar projects across the country, whose accumulated capacity stands at 13 GW.
Panda Green posts $41.9 million profit in H1
Panda Green Energy has recorded a profit of CNY 277 million ($41.9 million) for the first half of 2017, up 7% year on year, as it expanded its aggregate installed PV capacity by 468.1 MW.
ADB proposes new approaches to financing energy projects
Governments of cash-strapped developing nations should start exploring a range of innovative financing solutions to support the development of environment-focused infrastructure projects such as financially bankable solar installations, the Asian Development Bank (ADB) says in a new report.
Hareon posts $76.07 million net loss in H1
Hareon Solar Technology has reported a net loss of CNY 501.5 million ($76.07 million) in the first half of 2017.
Canadian Solar connects 27.3 MW PV plant in Japan
Module manufacturing heavyweight Canadian Solar today announced the start of commercial operation on a 27.3 MW PV power plant in Tottori Prefecture, Japan.
Huadian Power posts $27.5 million H1 loss
Huadian Power International (HPI) has recorded a loss attributable to shareholders of CNY 181 million ($27.5 million) in the first half, despite revenue of CNY 36,423 million, up 24% year on year.
Perovskite has changed its status to single (cell)
In another breakthrough for the material so many solar advocates hope will replace traditional silicon in module production, a group of scientists in China and the United States have produced the first monocrystalline perovskite cell, which could accelerate its acceptance as a silicon replacement.
BECE posts $81.3 million profit in H1
Beijing Enterprises Clean Energy (BECE) reported an unaudited profit of HK$636 million ($81.3 million) for the first half of 2017, from just HK$71.4 million a year earlier, as it connected roughly 210 MW of new solar capacity to the grid in China.
Comtec signals H1 turnaround, moves on downstream deals
Comtec Solar Systems will likely record a net profit of roughly CNY 8.8 million ($1.3 million) in the first half of this year, marking a sharp turnaround from the CNY 6.4 million net loss it posted in the first six months of 2016.
Quality is an issue in the fast-growing Indian market
Opinion: One of the main challenges for investors in India is to meet competitive pricing while achieving acceptable quality. Prakash Vora, senior director – Operations at Terraform Global India, explains how to ensure quality in India.
