JinkoSolar to supply Tiger Neo modules to Guangdong Energy; inverter maker EAST records positive growth in 2021; Topray's operating income at RMB 1.4 billion; CSG 2021 operating income registers rise.
JinkoSolar bags 200 MW Tiger Neo panels order: Module supplier JinkoSolar announced that it has won a 200 MW order from Guangdong Energy Group. The company will have to supply its N-type technology-based Tiger Neo bifacial solar panels of 560 W. After its debut last November (see New N-Type Solar Module From JinkoSolar), Tiger Neo has been used for over 3 GW of utility-scale, C&I and residential solar projects.
More PV inverter business for EAST in 2021: Power supply manufacturer and smart energy system solutions provider EAST Group released its 2021 annual report, and said that it has achieved an operating income of RMB 4.2 billion ($0.64 billion), a year-on-year increase of 3.03%. During the reporting period, the company's new energy vehicle charging business increased by 76.46%; the photovoltaic business segment continued to adjust; the photovoltaic system integration and inverter business increased by 38.22%; while its high-end power equipment and data center business fell by 7.83%, the company added.
Topray's shows positive growth in 2021: The recently released annual report of vertically integrated solar module maker Topray Solar showed that it has achieved an operating income of about RMB 1.4 billion ($0.21 billion) in 2021, a year-on-year increase of 4.64%. The income from crystalline silicon solar cells and modules were the main sources of the operating income, where income from the former was pegged at RMB 530 million ($80.8 million), accounting for 38.4% of the total operating income.
CSG 2021 report shows 27.2% rise in operating income: Releasing its 2021annual report, vertically integrated solar PV manufacturer CSG said that its operating income has risen by 27.72% and stood at RMB 13.6 billion ($2.07 billion). The company's current solar business production capacity is 10,000 tons/year of high-purity polysilicon, 2.2 GW per year of silicon wafers, 0.6 GW per year of cells, 0.6 GW per year of modules, and 132 MW of photovoltaic power plants.