GCL-Poly Energy H1 profit edges down to $181 million
GCL-Poly Energy’s profit attributable to owners of the company fell 13% year on year in the first half of 2017 to CNY 1.19 billion ($181.3 million), as declining wafer prices offset gains made by its PV project business.
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.
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.
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.
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.
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).
