Indian integrated solar firm Tata Power Solar saw profits after tax more than triple in the 2017 fiscal year, driven mainly by a shift in focus from manufacturing towards providing EPC services.
Filipino president Rodrigo Duterte today inaugurated the Philippines first solar module manufacturing facility with an expanded capacity of 800MW at Santo Tomas, Batangas, owned by renewable energy firm Solar Philippines.
Having turned and continue to remain cautious about its business outlook for the second-half of 2017, JA Solar reported second quarter results that simply defied previous guidance, driven by greater than expected demand in China and a start of a rush to stockpile in the US.
The International Solar Alliance (ISA) is set to become a recognised multilateral agency by the end of this year, according to Indian energy and mines minister Piyush Goyal.
Qatar Solar Technologies (QSTec) has taken a 49% stake in SolarWorld Industries GmbH, the new entity that purchased SolarWorld AG’s core manufacturing assets, according to reports in Qatar.
Taiwan-based PV cell and module manufacturer Motech Industries continued a fourth consecutive quarterly loss, yet losses declined on increased solar cell shipments in the second quarter of 2017.
Leading PV module encapsulation and backsheet material supplier Hangzhou First Applied Materials Co, formerly First Photovoltaics (PV) reported a continued increase in demand with sales up by 16.56% but profits crashed by 43.49% on significant ASP pressure in the first half of 2017.
Leading polysilicon and solar wafer producer GCL-Poly Energy Holdings has secured a US$200 million loan facility from an unspecified number and unidentified banks based in Hong Kong.
Two German-based PV inverter manufacturers Steca Elektronik GmbH and KOSTAL Industrie Elektrik GmbH have formed a business alliance to share technology developments in single-phase and three-phase devices and energy storage inverters.
