Chinese property development company Datang Group has announced the results of a tender to procure 5 GW of solar panels and 5 GW of inverters. For the modules, the company listed eight successful bidders including Longi, Trina Solar, Jinko, Risen, Canadian Solar, Suntech, Das Solar, and CECEP Solar Energy. According to Datang, 30% of the PV panels will be monocrystalline PERC 440 W+ products, and 70% mono-crystalline 530 W+ products. Longi secured the largest share in the tender with over 1.2 GW of capacity, followed by Trina Solar with 900 MW, and JinkoSolar and Risen with 600 MW and 300 MW, respectively. Regarding the tender for the inverters, Huawei and Sungrow secured the first and second-largest share for string inverters, respectively, for a total procured capacity of 3,750 MW. The remaining 1,250 MW were for central inverters, with Sineng and Sungrow securing the first two positions.
Monocrystalline module provider Longi said on Monday it intends to raise RMB7 billion ($1.09 billion) by issuing convertible bonds. The company wants to use net proceeds from the operation for two solar cell capacity expansion projects. Around RMB4.77 billion will be invested in a 15 GW solar cell manufacturing facility located in Xi’an and RMB1.08 billion will be for a 5 GW high-efficiency monocrystalline cell factory located in Ningxia Province. Longi said the investment in solar cell capacity is for the implementation of capacity to “catch up” with wafer and module capacities, which are now 85 GW and 50 GW, respectively.
PV module maker Talesun announced on Monday night that its unit Zhongli Talesun Hong Kong has sold 127 MW worth of panels to CPV Maple Hill Solar LLC, a U.S. based PV developer, for $33.5 million. The company operates 4.2 GW of renewable energy assets in the United states.
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