Banpu targets 300 MW with new downstream unit
Banpu, Thailand’s biggest coal miner, has jumped into downstream solar project development, with the launch of a new subsidiary that aims to install 300 MW of solar capacity over the next five years.
China Singyes posts $12.3 million profit in H1
China Singyes Solar Technologies has recorded a profit of CNY 80.98 million ($12.3 million) in the first half of 2017, down roughly 75% year on year, as it connected just 58.5 MW of fresh PV capacity to the Chinese grid.
Intraco Solar Power signs contracts for 30 MW PV plant in Bangladesh
Bangladesh based company Intraco Solar Power has signed a a 20-year PPA and construction agreement with two government agencies, for the development of a 30 MW PV power plant to be located on the outskirts of the city of Rangpur.
BYD posts $260 million H1 profit as solar sales sag
China’s BYD has recorded a profit attributable to owners of the company of CNY 1,723 million ($259.8 million) for the first half of 2017, down 23.8% year on year, as revenue from its PV and rechargeable battery business slid 15.8% from a year earlier.
ReneSola may sell PV production ops to regain NYSE compliance
ReneSola may sell off its indebted polysilicon, wafer and PV module production businesses to regain compliance with the listing standards of the New York Stock Exchange (NYSE).
pv magazine 7th Quality Roundtable: why investors should spend a little to save a lot
At the 7th pv magazine Quality Roundtable, to be held on September 21 at the REI show in Greater Noida, India, a collection of experts will examine the chief quality concerns facing this growing market. Confirmed speaker Steven Xuereb of PI Berlin explains how investors should take a long-term view when entering the Indian market, looking beyond immediate gains.
Hanergy claims narrower profit of $31.3 million in H1
Hanergy Thin Film Power (HTF) has reported an unaudited net profit of HK$244.8 million ($31.3 million) in the six months to the end of June, down roughly 70.2% from the preceding year, as revenue edged down 13.4% on the year to HK$2.9 billion.
Huadian Fuxin posts $218 million profit in H1
Huadian Fuxin Energy recorded a profit attributable to shareholders of CNY 1.45 billion ($217.9 million) in the first half of 2017 — roughly similar to its results in the first six months of the preceding year — as the company’s total installed PV capacity surpassed the 1 GW mark in China.
Chinese module prices rise 10% above forecast, causing problems for India
Growth in the booming Indian solar market, heavily reliant on Chinese modules, could slow as strong Q3 demand for panels in China and the U.S. push up prices and impact Indian firms’ financial modelling.
BYD scores 180 MW order in Brazil
BYD has agreed to supply 180 MW of PV modules to Spanish developer Cobra for use in the Guaimbe project in the Brazilian state of Sao Paulo.
