Shunfeng forecasts $133m loss in 2016
Shunfeng International Clean Energy (SFCE) expects to post a loss of 923 million yuan ($133m) in 2016, as its fortunes sank throughout the final six months of the year.
Solarzoom launches new trading platform for distributed PV in China
Trading platform for solar projects launched to connect potential investors with distributed solar PV assets across China.
China to invest $361bn in renewables by 2020, says NEA
Country’s National Energy Administration confirms in blueprint document plans to spend 2.5 trillion yuan on developing its solar, wind, hydro and nuclear power sectors, Reuters reports.
Huawei and Soventix partner for exclusive supply deal
Chinese technology company Huawei has been expanding its global presence in the solar industry as of late, with this most recent exclusive framework agreement with German solar developer Soventix proof that Huawei’s innovative PV solutions and inverters are continuing to appeal across the board.
GCL invests in 600 MW of cell capacity in Vietnam
The Chinese PV maker has joined its fellow manufacturers in expanding to Southeast Asia though a partnership with a Vietnamese cell maker.
ReneSola to develop 335 MW of solar rooftop systems in China
Fully-integrated solar developer ReneSolar has signed a framework agreement with emerging PV player Beijing Enterprises Clean Energy Group to act as EPC for 335 MW of solar rooftop projects in China, which are due to be completed in just six months.
Solar on course to become the world’s cheapest source of energy within the next 10 years
The dramatically falling costs of solar energy from the supply chain to the final product could see the average global price of solar power become cheaper than coal within the next 10 years, according to Bloomberg New Energy Finance, which is a position echoed by other experts.
Comtec Solar and Longi agree to asset purchase
Chinese monocrystalline silicon firm Longi has agreed to purchase the assets of Comtec Malaysia, a subsidiary of Comtec Solar Systems Group, for a fee of RMB 200 million (USD 28.74 million), which adds to the company’s expansion across Malaysia after announcing a new manufacturing facility in the country in 2016.
ACC, SUMEC to build 100 MW of rooftop solar in China
The two China-based companies have signed a cooperation agreement to bring 100 MW of solar to rooftops across the Chinese mainland.
China to cut large-scale solar tariff by 19% in 2017
Declining construction costs for solar plants have prompted the government to lower the amount of money it pays to newly completed PV farms.
