Jolywood and Munich Re announce partnership continuation; Risen to invest RMB 1.27 billion in Ninghai Shuangpantu tidal flat PV project; Zhonghuan Semiconductor to invest RMB 976 million for DW Phase IV Project; LONGi Green Energy Technology establishes LONGi Silicon Material Co., Ltd.
Jolywood continues cooperation with Munich Re: In an announcement, bifacial n-type solar cell and module manufacturer Jolywood said that they will continue their cooperation with global insurance company Munich Re. Both the companies were present at the Intersolar Europe event held in Munich, where the announcement was made. Munich Re will continue to back Jolywood's modules offered with a 12-year warranty for material and a 30-year warranty for linear power output. The companies' aim will be to jointly formulate and develop renewable energy solutions for investors and financing institutions by large-scale usage of Jolywood PV modules. Last November, TaiyangNews had spoken to Jia Chen, Deputy General Manager of Jolywood, about the status of its TOPCon manufacturing, its future plans and technology insights (see Towards 20 GW).
Risen to invest RMB 1.27 bn in tidal flat PV project: Chinese solar panel maker Risen Energy announced that its wholly-owned subsidiary, Risen Hong Kong, intends to sign a cooperation agreement with Ninghai SDIC. The company plans to invest in the Ninghai Shuangpantu 300 MW tidal flat photovoltaic project in Shuangpantu. The project investment is expected to be about RMB 1.27 billion ($0.19 billion). Risen Energy recently presented at TaiyangNews Intersolar Munich Review Conference and had touched upon developments of its high efficiency HJT modules with robust steel-based frame design (see Day 1: Intersolar Munich Review Conference)
Zhonghuan Semiconductor to use RMB 976 million for G12 silicon wafers: Chinese solar wafer manufacturer Zhonghuan Semiconductor said that it plans to invest RMB 976 million ($145.45 million) in the construction of DW Phase IV Project, with an annual production capacity of 30 GW of solar photovoltaic wafers (G12). This fund is from what was raised for the 8-12-inch semiconductor wafer production line project for integrated circuits. The company targets to reach 140 GW wafer capacity by end of 2022.
LONGi establishes silicon material company in Ordos: Chinese vertically integrated solar PV manufacturer LONGi Green Energy Technology said that it has established LONGi Silicon Material Co., Ltd. with a registered capital of RMB 1 billion ($0.15 billion). The new company's business will focus on sale of photovoltaic equipment and components; manufacturing power electronic components; new material technology research and development, and the like. It is 100% controlled by LONGi Green Energy Technology.