LONGi to acquire 27.25% equity of CENTER for RMB 1.64 billion: Chinese vertically integrated solar PV company LONGi announced that it intends to acquire 27.25% of the total share capital of CENTER International Group for RMB 1.64 billion ($0.25 billion). After this share transfer, LONGi will go on to become the second largest shareholder of CENTER International Group, a Beijing based manufacturer of 'high end metal building cladding systems.' Wit this acquisition LONGi wants to grow the scope of the distributed photovoltaic market and expand application for its PV products.
Shuangliang wins Phase I of Tongwei's 40,000-ton silicon project: Shuangliang Eco-Energy announced that it has won a bid for supplying heat exchanger equipment for the first phase of Yunnan Tongwei High-Purity Crystalline Silicon Co., Ltd.'s 40,000-ton high-purity crystalline silicon fab. The value is RMB 68.3 million ($10.49 million). The project, located in the Industry and Trade Park of Baoshan City, Yunnan Province, is expected to be completed and put into production by the end of 2021.
Jiangsu Luneng begins construction of HJT, TOPCon production lines: In the first quarter of 2021, the Zhangjiagang Economic Development Zone at Jiangsu Province kick-started 15 major industrial projects, whose total investment value is about RMB 26.7 billion ($4.10 billion), a Solarbe news report said. This included Suzhou Luneng Energy's production lines that will produce 1 GW Topcon and 1 GW HJT modules. Suzhou Luneng is investing 3 billion RMB ($0.46 billion) and plans to start production before the end of 2022.
Guangdong No.2 subsidiary signs 700 MW PV power generation project: In an announcement, Guangdong No.2 Hydropower said that its wholly-owned subsidiary, Xinjiang Guangdong No.2 Hydropower, and the 221 Regiment of the 12th Division of Xinjiang Production and Construction Corps have signed a framework agreement for cooperation and development of PV power generation projects. As per the agreement, Xinjiang Guangdong No.2 Hydropower will invest in the construction of a 700 MW solar power generation project in Xinjiang. The total investment is approximately RMB 2.5 billion ($0.38 billion) for this project.