IPO

There is also news of a 1.1 GW central inverter procurement contract, a pending IPO for solar cell player Runergy, and a $700 million-plus solar glass supply contract.

The two big solar players are preparing to list big slices of their business on the STAR market tech board.

Tennessee-based Shoals Technologies has balance-of-systems solutions deployed on more than 20 GW of solar energy systems throughout the world.

The NEA has revealed more than 1.3 GW of solar capacity was added to Chinese rooftops last month, with more than 500 MW of it in Shandong province. While poly maker Daqo was forced to revise down its latest sales forecast it predicted a quick rebound in the current quarter.

Array Technologies is going public the old-fashioned way by eschewing the SPAC method favored by other renewable companies such as QuantumScape and ChargePoint.

The Spanish solar tracker maker is hoping to debut on the stock markets of Madrid, Barcelona, Bilbao and Valencia this year.

Power company Datang Group is reportedly planning to spend around $148 million replacing a coal-fired power plant with a 200 MW solar project in Shanxi province and two solar players are set to issue stock.

Polysilicon maker GCL-Poly has started construction of a factory with an annual production capacity of 54,000 MT as Chinese inverter manufacturer Goodwe launched an IPO on the Shanghai stock market.

The Jiangsu-based PV manufacturer follows peer JA Solar in de-listing in the U.S. to return to its homeland. The board will hope to gain access to more funding as a result, and will also face less public scrutiny.

Publicly-owned power company Eneco has explored the possibility of an IPO since early 2017 and now appears set to pass into new ownership.