Two solar glass makers kicked off the week with new deals and solid earnings reports while the Chinese government revealed it may issue bonds to fund clean energy incentives.
Shanghai Electric has won a contract to build the fifth 900 MW phase of a 5 GW solar park in Dubai. JA Solar also agreed this week to supply 138 MW of PV modules for two projects in Jordan.
Tongwei has revealed its PV cell prices for August, while Canadian Solar has announced plans to list shares of one of its units in China. Energy China, meanwhile, has kicked off an auction for 1.2 GW of solar panels.
More than 10 GW of PV capacity was deployed in the world’s largest solar market in the first half, according to several sources. One state-run think tank has even predicted that China could install 40 GW this year.
Risen Energy has announced plans to expand its annual cell and module output by 13 GW. Datang, meanwhile, has published the results of the module tender it held for this fiscal year.
The Chinese giant has leapt ahead of rivals who recently announced their intent to work towards the next generation of mega panels by pledging to have its 600 W Vertex product on sale by the end of March.
TCL, one of China’s biggest electronics manufacturers, has acquired Zhonghuan Semiconductor. The National Energy Administration, meanwhile, reported record growth for the distributed-generation PV segment in June.
JA Solar began work on a 300 MW solar plant in Liaoning province last week, while state-run Huaneng launched a fiscal 2020 tender for 5 GW of inverters and another 5 GW of PV modules.
Also, a court in Beijing is now reviewing an application for bankruptcy filed by a unit of Hanergy. In other developments this week, a diverse range of solar industry players launched the 600W+ Photovoltaic Open Innovation Ecological Alliance.
Plus, equipment manufacturer Shangji Automation is set to enter the silicon ingot making game with plans for an 8 GW fab, while state-owned developer Panda Green says it plans to add 500 MW of annual project capacity over the next three years.
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