Maxwell has revealed plans to raise up to CNY 1.97 billion (USD 272 million) through a convertible bond offering to unspecified investors. Net proceeds will fund a new perovskite tandem solar cell equipment manufacturing project. The CNY 2.14 billion initiative will span three years and be constructed across Suzhou, Jiangsu province, and Xuancheng, Anhui province. Upon completion, the facility will produce 20 sets of tandem solar cell production equipment per year, said the Chinese PV production equipment manufacturer.
Hoymiles has signed a CNY 1 billion partnership agreement with China Huarong Financial Leasing for distributed solar. Over the next three years, the two companies will co-develop residential solar projects. Hoymiles will identify customers and supply equipment, while Huarong will purchase and lease the systems to end users, who will repay through power generation revenues. Hoymiles will also oversee operations and maintenance and has guaranteed generation performance.
China Clean Energy Solar has revealed that it will postpone more than 828 MW of planned PV projects initially funded by a 2022 private share placement and a forthcoming 2025 convertible bond issuance. The subsidiary of state-owned China Energy Conservation and Environmental Protection Group (CECEP) said the delays stem from issues such as delayed land handovers and contractor defaults.
Linyang Energy has signed two energy storage deals totaling 860 MWh with Italy’s SVAM and Sweden’s Suntrade. The 300 MWh Suntrade order will support projects in Sweden, Finland, and other Nordic markets. The remaining 560 MWh will be deployed in Italy. All systems will use Linyang Energy’s in-house liquid-cooled battery technology and smart energy management platform.
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.
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.