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Joint Venture

Poly maker pulls out of wafer JV with semiconductor company

GCL-Poly has pulled its commitment to inject US$68m into a 30 GW production capacity wafer fab joint venture established with Tianjin Zhonghuan in the Chinese autonomous region of Inner Mongolia, citing a preference to focus on ‘more competitive products’.

Octopus adds 300,000 customers and launches community energy JV

Another large scale transaction by the electricity and gas supplier has enhanced its standing in the U.K. energy market, with the business now counting more than one million customers.

Mitsui to buy 49% of Mahindra solar subsidiary

Mahindra Susten will retain a majority 51% stake in its Marvel Solren unit, which operates 16 MW of solar at four sites in India. It aims to jointly build up to 150 MW of capacity with the Japanese trading house by 2023.

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Canadian Solar signs deal to develop projects in Israel

Tier-1 module manufacturer Canadian Solar has announced joint venture between its wholly owned subsidiary in Israel and Menora Mivtachim, one of the country’s largest finance and insurance groups. The aim of the venture is to finance, develop, construct and own solar power projects in the Middle Eastern nation.

Tongwei subsidiary announces joint venture with Longi

Sichuan Yonxiang Co. Ltd, a subsidiary of Chinese industrial giants Tongwei, has announced the creation of a joint venture with Longi Green Energy Technology. The joint venture plans to build a new polysilicon production plant in Sichuan Province, China, with an annual capacity of 50,000 metric tonnes.

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