Profits rise again for Hanwha Q Cells in second quarter
With revenue and gross profit up on Q1, the South Korean vertically integrated solar company continues strengthening its financial position, reducing its debt-to-equity ratio by 80%.
Heraeus launches appeal against Taiwanese IP court decision
German silver paste manufacturer Heraeus announced that it has appealed the decision of Taiwanese regional intellectual property (IP) court, following its July 7th decision that Giga Solar does not infringe on its patent.
Smart Solar begins building 34 MW in northern Japan
Smart Solar has started installing 34 MW of solar on the Japanese island of Hokkaido. The project will include 14.4 MWh of lithium-ion storage capacity.
Daqo’s net profit slides to $12.1 million in Q2
Daqo New Energy reported a net profit of about $12.1 million in the second quarter of 2017, down roughly 47% from the preceding three-month period, as the Chinese polysilicon producer’s revenue fell more than 9% to about $76 million.
British university to drive £7m Indian BIPV solar project
Swansea University will lead a consortium of 12 British and Indian universities on a £7 million project to build five solar-powered buildings in remote Indian villages that will be fully self-sufficient.
India H1 solar installs surpass last year’s 12 month total, finds Mercom report
Approximately 4,800 MW of solar capacity has been commissioned in India in the first six months of the year, surpassing last year’s 4,038 MW total, finds new data from Mercom Capital Group. GST uncertainty could slow growth in 2018, however.
China installed 24.4 GW of solar in first half of 2017, shows official NEA data
The statistics, published over the weekend, reveal that June alone accounted for more than half of that total figure, increasing 16% against June 2016.
India energy ministry plans 7.5 GW support program for domestic solar manufacturing
The Ministry of New and Renewable Energy has initiated the second phase of its CPSU program to provide installation capacity totaling 7.5 GW of solar projects made using domestically manufactured solar cells and modules.
ACC completes 19 MW BIPV project in China
Asia Clean Capital (ACC) has connected a 19 MW building integrated photovoltaic (BIPV) project to the grid at a shipyard in eastern China. It claims that the installation is the largest BIPV project in the world.
Xinyi Solar posts $160.5 million profit in H1
Chinese PV developer and EPC specialist Xinyi Solar recorded a net profit of HK$1,254.9 million ($160.5 million) in the first half of 2017, up 12.5% from the preceding year, as its downstream unit’s cumulative installed capacity passed the 1 GW mark.
