Good news coming from India’s EPC companies
RaysExperts adds 30 MW to its Rays Solar Park in just 90 days, whereas Rays Infra Power makes it on to IHS Markit’s top 10 EPC companies list, outside U.S. and China.
Sky Solar posts $3 million net profit in 2016
Net income hit $3.3 million in the 12 months to the end of December, from a net loss of $1.6 million a year earlier, although the Hong Kong-based PV independent power producer recorded a net loss of $8.7 million in the fourth quarter, from $7.4 million in the final three months of 2015.
Indian solar imports surge, while exports plummet
New data highlight a major discrepancy between India’s solar import and export numbers in the first 11 months of the financial year 2016-17.
Taiwan confirms plan to reach 20 GW of cumulative solar by 2025
Taiwan’s new solar energy strategy envisages the deployment of less than 200 MW of new PV capacity over the next two years, and the achievement of 6.5 GW of cumulative PV by 2020.
NSP’s net loss narrows to $44 million in Q1
Neo Solar Power has posted a net loss of NT$1.3 billion ($43.7 million) for the first quarter of 2017, as weak demand in China weighed on orders.
Solar Frontier’s operating loss widens to $26.4 million in Q1
The CIS thin-film PV specialist has posted an operating loss of JPY 3 billion ($26.4 million) in the three months to March 31, from JPY 2.6 billion a year earlier. Net sales fell 41.3% on the year to JPY 22.2 billion.
Solar tariffs in India tumble to another new record low
The latest 500 MW tender by the Solar Corporation of India (SECI) drove the tariffs under INR 2.50 ($ 0.038), making solar cheaper than fossil fuel-generated power.
United PV to acquire 110 MW of solar in China
A unit of the Chinese solar investment and development group will acquire a 100% equity interest in China New Energy Holdings, as part of a complex deal involving solar, wind and hydropower assets.
Panasonic’s 2016 profit falls 9.6% as solar sales sag
The Japanese electronics group posted a net profit attributable to shareholders of JPY 149.4 billion ($1.3 billion) in the fiscal year to the end of March — from JPY 165.2 billion a year earlier — as declining sales of solar panels in Japan eroded its earnings. The group’s net sales fell more than 3% on the year to JPY 7343.7 billion, although its operating profit rose to JPY 276.8 billion, from just JPY 230.3 billion a year earlier.
Nepal seeks to improve power network for 25 MW of grid-connected solar
The Nepal Electricity Authority has issued a tender to select consultants for the implementation of the Nepal Grid Solar and Energy Efficiency Project. The initiative is aimed at reducing distribution losses in pilot distribution centers, and enabling the grid-connection of large-scale solar.
