Huadian Fuxin posts $293.6 million profit in 2016
The Chinese renewable-energy developer’s consolidated installed PV capacity rose to 977 MW in the year to the end of December, on 177.3 MW of annual capacity additions.
ReneSola fourth quarter results show loss of $25.5m
The Chinese solar firm sees Q4 revenue slump 21.7% YOY, with gross profit also contracting 89.5%. Full year financials reveal similar losses as the company continues its shift towards downstream project development.
Trina Solar to go public in China following NYSE delisting, chairman says – reports
In interview with South China Morning Post, Trina Solar chairman Jifan Gao says that the solar company will “certainly go public again” once privatization and delisting from New York Stock Exchange is completed.
Astronergy finishes 16.5 MW in South Korea
The Chinese PV supplier invested 29.7 billion Korean won ($26.8 million) in the project on Jeju Island, roughly 80 kilometres south of the Korean peninsula.
Kong Sun posts $7.9 million profit in 2016
The Chinese PV investment group recorded a profit of 54.8 million yuan ($7.96 million), from a loss of 98.9 million yuan in 2015, as it more than double the size of its operational solar portfolio.
Shunfeng expands 2016 loss forecast
Shunfeng International Clean Energy (SFCE) expects to record a loss of 2.4 billion yuan ($349 million) for the 12 months to the end of December 2016.
Stanford advocates ending China solar tariffs
The report led by a former Wall Street Journal editor gives national advice that mimics policies under President Obama’s energy department, but is unlikely to go anywhere under Trump.
Datang’s profit soars in 2016
The Chinese developer posted a profit attributable to shareholders of 198.2 million yuan ($28.7 million), up sharply from just 13.7 million yuan for the same period a year earlier.
Edra to complete 50 MW in Malaysia by early 2018
The Kuala Lumpur-based independent power producer (IPP) will finish building the project in the state of Kedah by the first quarter of 2018.
Four more Chinese solar manufacturers withdraw from minimum price agreement
Jetion Solar, Hareon Solar and GCL Technology requested to withdraw from the minimum price agreement in October. The three companies, as well as Talesun Solar, are now excluded by Brussels from the undertaking.
