Chinese solar glass company’s figures indicate booming market
Xinyi Solar today said it is anticipating a bumper profit from the first half of the year – an announcement likely to bring wry smiles at the board of parent company Xinyi Glass, which soon after announced quite the opposite prospects after selling off shares in the PV subsidiary last year.
Chinese PV Industry Brief: Jinko’s new capacity and a 200 MW solar park
JinkoSolar has begun construction of a new 16 GW module production base in Yiwu city, Zhejiang province and Eging PV has resumed a 200 MW solar project in Qitai county in the Xinjiang Uygur Autonomous Region, after securing approval from local authorities. The China National Energy Administration has confirmed the nation can add no more than 48.45 GW of solar to the grid this year.
Chinese PV Industry Brief: 4.3 GW of new cell capacity and a 1 GW solar park
Cell manufacturer Aiko Solar is raising funds to increase its production capacity with 4.3 GW of new lines while Datang Corporation has inked a deal for a 1 GW desert project.
GCL-Poly abandons $35m fundraising exercise
Today’s announcement indicates either the board or the listing committee of the Hong Kong exchange where the company is listed put a spanner in the works.
Shuifa playing central role in bailing out distressed Chinese PV developers
The state-owned construction business which saved Singyes Solar with a US$200 million bail-out is now preparing to invest in a 75% stake in debt-saddled peer China Solar, whose shares have been unlisted since August 2013.
Panda Green owners look to lease developer out of onerous capital requirements
Beijing Energy, which is among a bevy of public entities holding stakes in the developer, is proposing one of its subsidiaries offer $211 million of leasing options to debt-saddled Panda Green.
Auditor blocks solar developer accounts over missing deposits
State-owned solar company Panda Green will miss Friday’s deadline for publishing its audited figures for last year and new owners Beijing Energy have announced the formation of a committee to investigate the payment of $144 million in deposits to secure development rights for projects which never happened.
Covid-19 hampering the survival prospects of private solar developers in China
SFCE has revealed, in a string of stock market updates this year, the coronavirus pandemic is complicating its efforts to sell off PV projects fast enough to pay off creditors.
Obligatory temperature testing: How Covid-19 is changing the boardroom
Chinese solar project developer GCL New Energy revealed in its latest update in a drawn-out project sale saga how coronavirus measures will affect corporate gatherings.
Covid-19 disruption leaves indebted Chinese manufacturer in limbo
Debt-saddled GCL-Poly’s attempts to renegotiate $809 million of defaulted borrowings have been held up because of the coronavirus crisis unfolding in Europe, where one lender is based. Shareholders are due to vote tomorrow on a project sale which could generate $153 million of benefits.
