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.
Irico posts $7.01 million profit in H1
China’s irico Group New Energy has recorded a profit of CNY 46.7 million ($7.014 million) in the first half of 2017, up roughly 43.9% year on year, as revenue from its PV business jumped 27% to CNY 592.5 million.
Audi, Hanergy unit to jointly develop PV for vehicles
German automaker Audi and California-based Alta Devices — a wholly owned subsidiary of troubled Chinese PV group Hanergy Thin Film Power (HTF) — have agreed to collaborate on thin-film solar research, with plans to exhibit a PV-integrated Audi prototype vehicle by the end of this year.
AECEA: China installations to surpass 40 GW in 2017
Based on new data from China’s National Energy Administration (NEA), Asia Europe Clean Energy Associates (AECEA) has raised its forecast for PV installations in China for 2017. AECEA now expects to see 40-45 GW installed in China before the year end.
JA Solar ships 2.14 GW of modules in Q2
Chinese crystalline module manufacture JA Solar shipped 2.147 GW of modules, and a further 167.2 MW of cells to external customers, as well as 74.5 MW to its own downstream projects. This makes JA Solar only the second company to exceed 2 GW in shipments for a single quarter.
India imposes antidumping duty on tempered glass from China
The Indian Ministry of Finance has imposed an antidumping duty on tempered glass imported from China in the range from $64.04 to $136.21 per metric ton.
Singyes Solar expects profit to narrow in H1
China Singyes Solar Technologies will likely post a sharply lower profit in the first half of 2017 than it did during the same period a year earlier, partly due to a lack of disposal gains on its solar projects.
