The Chinese manufacturer has completed the first, 1.5 GW phase of a 10 GW expansion plan. It will deploy another 4 GW phase by the end of this year at two new facilities in China’s Jiangsu province.
The planned disposal of more than a third of the Chinese solar company’s project portfolio would take a significant chunk out of its debt mountain but trading in company stock was halted this morning, pending an announcement in relation to the project sale. Shunfeng sold off German PV project monitoring business meteocontrol to another operation owned by its main shareholder at the end of last year.
Former manufacturing giant establishes a foothold in the promising Australian market, and says it is in talks with developer Biosar about supplying further modules for projects in the nation.
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