CR Power invests RMB 1.5 billion in PV projects; LETS Group & Yunnan Xinhua Water Conservancy and Hydropower Investment partner for new energy projects; Shangji silicon project to be put into operation in Q3/2022; Elion to launch 2 joint ventures with Three Gorges Erdos.
China Resources Power & Weidu sign 400 MW deal: The People's Government of Weidu District said that it has got into an agreement with wind and hydropower plant operator China Resources Power for new energy projects. As per the agreement, China Resources Power plans to invest RMB 1.5 billion ($0.24 billion) in the development and construction of photovoltaic power generation and energy storage projects in Weidu District. The total installed capacity of the project is expected to be 400 MW, including 200 MW of PV power generation and 200 MW of energy storage projects.
LETS and Yunnan Xinhua Hydropower to develop 1 GW PV project: Architectural research institution in China LETS Group said that it has got into an agreement with Yunnan Xinhua Water Conservancy and Hydropower Investment for new energy development. Both parties plan to build about 1 GW of distributed and centralized photovoltaic power generation projects with a total business volume of RMB 4 billion ($0.63 billion).
Shangji Automation's silicon project to be put into operation in Q3/2022: PV production equipment maker and mono-wafer company Shangji Automation stated on the investor interaction platform that its annual production of 100,000 tons of granular silicon and 150,000 tons of high-purity nano-silicon production project is expected to be put into operation in the third quarter of 2022. At present, the project has not been affected by the epidemic and is under construction as planned. This project will enable the company to expand its supply of new silicon materials.
Elion to set up JV with Three Gorges Erdos: Ecological restoration company Elion Group announced that it plans to establish 2 joint ventures with Three Gorges Erdos, a subsidiary of China Three Gorges New Energy Group. Each company will have a registered capital of RMB 1.4 billion ($0.22 billion) and Elion will hold 50% of the shares. The focus of the new company will be on photovoltaic desertification and energy storage, among others.