China-based PV manufacturer and project developer Hareon Solar Technology said in a financial filing that it expected to report a small profit in 2015, avoiding delisting from the Shanghai Stock Exchange (SSE) in the process after stemmed three years of consecutive losses.
PV module manufacturer China Sunergy (CSUN) reported a strong recovery in total shipments and revenue for the third quarter of 2015, driven by strong module demand in China.
Indian conglomerate RattanIndia Power plans to use a 324 hectare site in Punjab, which was originally pegged for a thermal power plant, to build a 200MW solar PV project.
The Indian state of Uttarakhand has invited expressions of interest for setting up 44MW of grid-connected rooftop solar PV and small-scale solar capacity in the state.
China-based PV energy provider (PVEP) United Photovoltaics Group has transferred its deal with Hareon Solar to build 930MW of PV power plants to third parties in exchange for recouping its initial deposit and interest and expenses, while dropping its case in an arbitration court.
Developers in India have failed to install 680MW of solar PV projects that were due to be commissioned by December 2015 because of project delays, according to consultancy firm Bridge to India.
‘Silicon Module Super League’ (SMSL) member JinkoSolar has confirmed it has secured a 1GW module supply deal with US-based independent power producer (IPP) sPower.
Multinational developers are winning solar projects in India by bidding at extremely low tariffs to make a beginning in the Indian market, but with little appetite to bid at the same low levels again, according to a prominent industry figure.
