Zhonghuan Semiconductor on H1/2021: Wafer producer Tianjin Zhonghuan Semiconductor (TZS) expects to report operating revenues of RMB 17 million to RMB 18 million ($2.63 to $2.78 million) for H1/2021, which would reflect an annual growth of 96.66% to 108.23%. It attributes this improvement in its performance to its semiconductor business doing well while transitioning to 210mm sized wafers. At the end of June 2021, its total wafer manufacturing capacity increased to 70 GW. The other factor was cited as the technological progress leading to the company using 2% less silicon in its products. TZS said it managed to navigate through the tight supply due to its long term supply chain cooperation agreements with business partners. The company said it has been able to effectively control its inventory to reduce operating risks in the future.
Chint Solar expands to Bangladesh: Solar module producer Chint Solar and project developer has established a subsidiary in Dhaka, Bangladesh calling it Chint Solar (Bangladesh) Co., Ltd. The new entity will develop PV projects for commercial and industrial (C&I) distributed generation segments. It will also explore opportunities in floating solar and other applications of the technology. Chint Solar's local partner in Bangladesh is PRAN-RFL whose network will enable the subsidiary to 'sieze' opportunities in the distributed generation markets, it added. Bangladesh is strategic for Chint Solar since it falls on the Chinese government's One Belt One Road (OBOR) route and Bangladesh-China-India-Myanmar Economic Corridor.
300 MW win for Kehua: Solar inverter supplier Kehua Data Co., Ltd. has won a bid to supply its inverters for 300 MW fishery and PV integration project in China's Taishan, Guangdong region. The Guangdong Taishan Project will come up in the southwestern part of the Pearl River Delta, south of the South China Sea. Kehua plans to supply its 1500V 3125kW centralized inverter solution for the project with anti-PID function, and incorporating high-grade C5 anti-corrosion spraying process.
JinkoPower for 1 GW PV project: JinkoPower will build 1 GW grid connected solar power project in Xinfu district of Fushun city in Liaoning province, under an investment agreement entered with the local administration. To be built for RMB 4 billion, the project will be built on land previously used for coal mining. The site will be now home to plantations of Chinese herbal medicines and fruit cash crops. This agrivoltaic facility will create an ecological zone, according to JinkoPower. The company also shared it has signed a framework investment agreement for a 100 MW PV project in Xishechang South of Fushun City for RMB 400 million.
China Power in Henan province: SPIC subsidiary China Power has entered a cooperation agreement with Pingdingshan Municipal Government to help the region in its decarbonization efforts with the help of green and new energy resources. While the official statement from China Power was low on details, Henan Daily reported that under the agreement, China Power will invest, among other areas, on 2 GW of solar and wind power projects, while also exploring solar power for hydrogen production which will then be used for various industries.