Astronergy has entered into an agreement with the Wenzhou City government in Zhejiang province to construct an offshore floating PV farm near Wenzhou in the sea. The company's investment of CNY10 billion ($1.4 billion) will fuel the project. Commencing in 2024, the construction is strategically planned to unfold over three 2-year phases, with completion slated for 2030.
Tongwei, a manufacturer of polysilicon and panels, revealed intentions to expand its ingot, wafer, and cell capacity at its Leshan City facility in Sichuan province by a significant 16 GW. This expansion, valued at CNY10 billion, is aimed for full commissioning by the close of 2025.
Canadian Solar has reported solid financials for the second quarter, including $2.4 billion in revenue, an 18.6% gross margin, and a “record” quarterly net income of $170 million attributed to the parent company. This marked an increase from the previous year's $74 million for the same period. The group's CSI Solar shipped 8.2 GW of modules and successfully carried out an IPO on the Shanghai Stock Exchange, yielding about $975 million. The Recurrent Energy project business unit presented a substantial 25 GWp pipeline and a 52 GWh battery energy storage development pipeline. With plans to construct a 5 GW solar module manufacturing plant in the US, Canadian Solar's existing module capacity stands at 37.7 GW (annualized), complemented by cell and ingot capacities of 20.4 GW and 26 GW, respectively.
Popular content
Molin, headquartered in Hong Kong, disclosed a new agreement with the Kyrgyz Republic government. The agreement outlines the construction of solar power plants with a collective capacity of 1.5 GW, necessitating a total investment of $1.2 billion.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
3 comments
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.