Trina Solar rated as bankable in PV Module and Inverter Bankability 2022 report; DMEGC to invest RMB 10 billion in 20 GW n-type cell facility; Anhui Jiuzhou's kiln of first phase ignited; Shenzhen Energy to invest RMB 3.3 billion in PV-storage integration project
BloombergNEF report rates Trina Solar as 100% bankable: Chinese solar module manufacturer Trina Solar said that in the PV Module and Inverter Bankability 2022 report released by BloombergNEF, all the respondents of the survey has rated Trina Solar as bankable. This is the seventh consecutive year that Trina has been evaluated as bankable by 100% of the respondents from the industry. The report also had the annual photovoltaic module reliability scorecard issued by international certification body PV Evolution Labs, where Trina Solar's modules showed outstanding performance in terms of reliability and power generation capacity. Meanwhile, Trina Solar's Q3/2022 net profit improved 150%+ YoY (see China PV News Snippets)
DMEGC to invest in three phases of 20 GW n-type cell facility: Vertically integrated solar module manufacturer from China, Hengdian Group DMEGC Magnetics Co., Ltd (DMEGC) announced that it plans to spend RMB 10 billion ($1.4 billion) to set up a subsidiary in Xuzhou District. The company will be investing step by step in a 20 GW new high-efficiency cell facility. The facility will be built in three phases – first and second phases will be that of 6 GW TOPCon cells, while the third phase will be of 8 GW next-generation high-efficiency cells.
Anhui Jiuzhou's kiln of first phase ignited: Ultra-clear glass manufacturer and seller Anhui Jiuzhou said that the ignition ceremony of the kiln number one of Phase I of Jiuzhou Mingguang Industrial Park was held recently. Covering an area of about 1,456 mu and with a total investment of RMB 6 billion ($0.85 billion), the industrial park will have 6 ultra-white photovoltaic glass production lines with a daily melting capacity of 1,200 tons, and 30 glass deep-processing production lines. The construction of the park will take place in phases. In the first phase, 4 lines will be built, and the output value will touch over RMB 6 billion ($0.85 billion) after reaching production capacity.
Shenzhen Energy to invest RMB 3.3 billion in 2 GW PV-storage integration project: Green power company Shenzhen Energy said that its wholly-owned subsidiary Shenneng Shule New Energy Development Co., Ltd. plans to invest in the first phase of 2 GW photovoltaic-storage integration project in Shule County. The total investment will be about RMB 3.3 billion ($0.47 billion) and will be constructed in three phases. Along with it, a 500 MW photovoltaic power generation project is also being planned to support electrochemical energy storage facilities.