Sparx posts $4 million profit in Q1
Japanese asset manager Sparx has reported a profit attributable to owners of the company of ¥460 million ($4.15 million) in the first quarter of the current fiscal year, as it connected roughly 20 MW of new PV capacity to the grid.
BECE forecasts sharply higher H1 profit
Beijing Enterprises Clean Energy (BECE) expects its consolidated net profit to soar by 700% to 800% year on year in the first half of 2017, based on a preliminary review of its unaudited results.
Panasonic’s Q1 profit widens to $445 million
Panasonic reported a net profit attributable to shareholders of ¥48.8 billion ($445.1 million) in the first quarter of the current fiscal year — up sharply from ¥29.2 billion a year earlier — despite a decline in sales of its solar panels.
Toshiba narrows PV loss as group struggles to survive
Toshiba has reported a group net loss of JPY 965.7 billion ($8.8 billion) for fiscal 2016, as its energy systems and solutions business — which which builds solar, wind, geothermal and hydropower projects, in addition to battery-based energy storage systems and smart meters — posted an operating loss of JPY 41.7 billion in the 12 months to the end of March 2017, marking a significant improvement from the preceding fiscal year.
Profit and revenue swell for Canadian Solar in Q2
The second quarter financial results for the Chinese-Canadian solar firm reveal above-guidance growth in revenue and shipments, while profit rises to $167.8m for the quarter.
India in line for 9.4 GW solar additions in 2017, says Bridge to India
Report by market analysts forecasts India to become world’s third-largest solar market for 2017 but warns of headwinds including rising competition forcing down tariffs, uncertainty caused by anti-dumping issue, and potential rising module prices.
Solar Frontier reports stable demand in H1 of fiscal 2017
The Japanese CIS module maker said it is now focusing on the domestic market, as its overseas business is facing tough competition.
GCL-Poly, Tianjin Zhonghuan reveal polysilicon tie-up
GCL-Poly Energy has signed a framework agreement with semiconductor manufacturer Tianjin Zhonghuan, under which the two sides will collaborate of the production of polysilicon and wafers, in addition to downstream PV project development.
Etrion posts H1 net loss of $14.4 million
Etrion has recorded a consolidated net loss of $14.4 million in the first half of 2017, primarily due to depreciation and financing expenses.
Engie in talks to develop solar roofing partnership in India – reports
French clean energy developer Engie is reportedly discussing a partnership with Indian roofing manufacturer Everest Industries to develop “solar-ready” rooftop solutions for the under-served distributed generation market.
