Trina and SPIC to form a company for new energy projects; Shanghai HIUV and Taizhou Haineng to expand PV encapsulation material production; CSG to invest RMB 5 bn in PV material production base; Shangji Automation invests RMB 11.8 bn in raw materials.
Trina & SPIC to form JV for new energy projects: Chinese solar module manufacturer Trina Solar has signed an agreement with State Power Investment Corporation (SPIC) to form a joint venture company to carry out business cooperation in the field of new energy projects. Trina looks at making use of its expertise in technology accumulation in smart photovoltaic, energy storage and other fields, and form in-depth cooperation with SPIC. Recently, Trina's overseas manufacturing base of 210 cells and modules in Taiyuan, Vietnam was officially put into production (see China PV News Snippets)
Shanghai HIUV to approve partnership with Taizhou Haineng: Solar module encapsulation supplier Shanghai HIUV New Materials announced it has passed a proposal to sign an investment agreement with new energy industrial park infrastructure construction company, Taizhou Haineng New Energy, for the expansion of photovoltaic encapsulation materials. The total planned investment of the manufacturing project is about RMB 200 million ($31.66 million). Once the project is put into production, it will have an annual production capacity of 5-10 GW. Last year September, Shanghai HIUV New Materials had signed a series of project agreements to expand its PV film production capacity (see China PV News Snippets: Shanghai HIUV, HDsolar, LONGi)
CSG PV to invest RMB 5 bn in Hubei glass production base: China Southern Glass Group has signed a contract to invest RMB 5 billion ($0.79 billion) for a new photovoltaic material production base in Hubei, a media report said. Spread across an area of 1200 mu, the project will be constructed in two phases. The first phase will use an investment of RMB 3 billion ($0.47 billion).
Shangji Automation invests RMB 11.8 bn in silicon production: PV production equipment maker and mono-wafer company Shangji Automation announced that it plans to invest in the construction of a project with annual output of 150,000 tons of high-purity industrial silicon and 100,000 tons of high-purity crystalline silicon in Guyang County. Ever since the company began investing in the construction of its solar monocrystalline silicon business in 2019, its production capacity has continued to expand, and so has the demand for raw materials. This new project is being initiated to ensure regular supply of raw materials. Last week, the company had disclosed its 2021 performance results, which was on a positive note (see China PV News Snippets).