The two big solar players are preparing to list big slices of their business on the STAR market tech board.
A planned IPO of the Chinese company’s main, Xinjiang business unit is set to finance construction of another 35,000 metric tons of annual production capacity by this time next year even as soaring sales volumes in 2020 enabled Daqo to pay down the bill for its previous expansion.
The two solar companies have signed a strategic agreement to jointly finance new manufacturing facilities, Tongwei announced this morning.
The Chinese giant now has plans in place to hit more than 50 GW of panel capacity – and 26 GW of cell lines – next year.
A new week has brought another slew of big production capacity announcements as online retailer JD.com prepares to install 200 MW of solar rooftop capacity and project developer SFSY reported on a promising new business stream.
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.
The mono giant has announced the latest aspect of a strategy to massively increase production capacity which is currently set to cost around $3.32 billion. Longi last week issued $710 million of new convertible bonds for investors.
Having stated an intent to hit 65 GW of annual mono wafer production capacity by the end of 2021, the Chinese solar manufacturing giant has now said that landmark will be achieved next year.
This website uses cookies to anonymously count visitor numbers. View our privacy policy.
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.