The German PV equipment provider has agreed to supply manufacturing equipment for CIGS thin-film solar panels to the CNBM Bengbu Design and Research Institute for Glass Industry, a subsidiary of cement producer China National Building Material.
Chinese state-owned PV manufacturer Jetion Solar says it has signed a deal with Italian government-owned oil and gas major Eni to develop a slew of new solar projects across five regions in the next three years in a deal worth €2 billion.
The German PV equipment provider will not achieve the sales and earnings targets set for this year. CNBM is not expected to place orders for the expansion of its CIGS thin-film production operations in China until the fourth quarter.
A day after signing a 300 MW production capacity deal with the building materials company, the German company has announced exactly the same order – with the same customer – for a facility elsewhere in China.
Predictions of the imminent demise of Chinese solar demand due to the reining in of subsidies have not stopped manufacturers ramping up production capacities. German equipment maker Singulus is among the suppliers to benefit from a renewed confidence in the Far East.
China National Building Materials (CNBM), the parent company of German module manufacturer Avancis, announced that the first modules have rolled out of its 300 MW CIGS factory in Anhui Province, China.
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