Simultaneously, Shunfeng said it has finalised its acquisition of a majority stake in Suniva, the US-based PV manufacturer. The deal was announced last summer.
By Shunfeng’s telling, its bottom line was hit by a perfect storm in 2015. China’s renminbi, the currency in which Shunfeng receives much of its revenues, depreciated against other major currencies, increasing the company’s foreign exchange loss.
