SD New Energy’s module junction box fab put into production: Photovoltaic products and service solutions provider, SD New Energy, said that the first phase of its photovoltaic module junction box facility has been put into production. Photovoltaic junction boxes are supporting products for solar photovoltaic power generation systems. This photovoltaic module junction box project is of 200 GW and uses automated intelligent manufacturing production lines, 60 assembly production lines and 30 box assembly production lines. The project is divided into two phases, with each phase building 100 GW (about 185 million sets) of photovoltaic module junction boxes. Once the production is completed, it will have an annual production capacity of 200 GW photovoltaic module junction boxes.
Canadian Solar workshops in Jiangsu Manufacturing Model list: Canada headquartered Chinese solar power company, Canadian Solar, announced that its three subsidiaries have been shortlisted for the 2024 Jiangsu Intelligent Manufacturing Model Workshops. This is an authoritative evaluation conducted by the Provincial Department of Industry and Information Technology and the Department of Finance, following the Made in China 2025 standards and the requirements for developing intelligent manufacturing. The selected Canadian Solar workshops are:
· Yangzhou Canadian Solar’s large-size high-efficiency TOPCon cell workshop
· Funing Canadian Solar’s high-efficiency wafer workshop
· Yancheng Dafeng Canadian Solar’s battery PACK assembly workshop
So far, Canadian Solar has about 13 intelligent manufacturing model workshops in Jiangsu Province. Meanwhile, in an exclusive interview with TaiyangNews Managing Director, Michael Schmela, Canadian Solar President, Yan Zhuang, discussed the company's path to profitability and its future growth initiatives (see Yan Zhuang, Canadian Solar at TaiyangNews & SNEC Leadership Talks)
Risen Energy bags 100 MW solar module tender: Chinese solar panel maker Risen Energy said that it has won the bid for a 100 MW solar project (AC), with a DC capacity ratio of 1:1.2. The project is located in Bairin Left Banner, Inner Mongolia, and includes 900 MW of wind power and 100 MW of solar PV capacity on the AC side. Risen was selected as the top candidate with a bid price of RMB 0.728/W ($0.1014/W), followed by GCL SI and LONGi, with bid prices of RMB 0.743/W ($0.1035/W) and RMB 0.785/W ($0.1093/W), respectively. Last month, Risen spoke exclusively to TaiyangNews about its solar PV products (see Risen Energy Speaks About Its Solar PV Products To TaiyangNews At SNEC)
CECEP to build a 500 MW PV + desertification control plant: In an announcement, CECEP Solar Energy Technology, a holding subsidiary of China Energy Conservation and Environmental Protection Group (CECEP), shared its plans to invest in a 500 MW solar photovoltaic and desertification control plant. Located in Inner Mongolia, the 500 MW solar PV plant and a 75 MW/150 MWh electrochemical energy storage system will be built for about RMB 2.01 billion ($280.63 million). . As of December 2023, CECEP operates approximately 4.674 GW of power plants, has close to 2.465 GW under construction, It plans to build other 2.364 GW.
MedicalSystem to sell its PV business: Clinical informatics digital hospital solution provider, MedicalSystem, announced its plans to sell 100% of its shares in its photovoltaic business subsidiary, XinHao New Energy. It was in 2023 that the company forayed into the PV industry by launching its subsidiary to produce n-type TOPCon solar cells. The company, which has medical information and services as its mainline business, said that due to stiff competition in the solar industry since H2 2023, and a significant decline in the sales prices of major products across various sectors, the profitability of its PV business had come under pressure. Now with this decision to sell, it intends to use the recovered funds to optimize its existing resource allocation. In 2023, XinHao New Energy had reported a revenue of RMB 298.13 million ($41.55 million) and a net loss of RMB 281.57 million ($39.23 million).
Shandong Binhai Energy & Beijing GD Power New Energy partner: Wholly-owned subsidiary of Shandong Haihua Group, Shandong Binhai Energy, and wholly-owned subsidiary of GD Power Development Co., Ltd., Beijing GD Power New Energy, have signed a deal for the construction of 1.04-million-kilowatt photovoltaic plant in Lubei. This plant is part of the 14th Five-Year Plan that focuses on the development of wind, solar, storage and transmission integrated projects in Lubei. All the projects are expected to begin before the end of 2025 and connected to the grid before the end of 2027.