Wind power specialist Mingyang Smart Energy has revealed plans to build a 5 GW heterojunction module factory in China’s Jiangsu province, while TBEA has said it intends to raise its majority stake in Xinte Energy from 62% to 67%.
The 2 GW plant is expected to be connected to a storage facility with a capacity of 300 MW/600 MWh. Elsewhere, manufacturers Longi, Jinko, Trina Solar and Chint were the winners of a 5.5 GW solar panel procurement tender held by the China Energy Investment Corporation.
Longi posted a net profit of $773 million in the first half of the year after shipping 17 GW of modules. Xinte reported a net result of $190 million and Solargiga saw its revenue increase significantly.
Moreover, the Chint group said its PV plant fleet in China has reached a combined capacity of 6.54 GW and project developer China Shuifa Singyes said high polysilicon prices and Covid restrictions had caused a revenue drop.
In addition, JA Solar was able to ship 10 GW of modules in the first six months of the year and raise RMB5 billion for new production capacity.
GokinSolar has commissioned the first 15 GW unit of its 50 GW PV wafer manufacturing facility in Zhuhai City, Guangdong Province and Golden Solar New Energy Technology last week announced commercial production plans for the flexible, lightweight, cast-mono, heterojuntion (HJT) solar modules. Meanwhile, Longi has raised the prices of its wafers.
Furthermore, Zhonghuan Semiconductor’s parent company has reported strong results for its PV business and solar developer Shunfeng has halted trading in its shares.
Trina Solar is also looking to raise financing for its plans to increase PV cell and module capacity.
Auto glass producer Asahi India Glass and polymer packaging specialist Vishakha have revealed plans to jointly set up India’s largest solar glass plant in the state of Gujarat. The factory will initially have a capacity equivalent to 3 GW of solar installations per year.
The new polysilicon factory will be located in Leshan City and will be built thanks to an investment of $2.1 billion.
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