LONGi leads PV industry with RMB 72.2B brand value; GCL Perovskite starts GW-scale module line in Kunshan; TCL Zhonghuan to raise RMB 3.8B for wafer & cell fabs; Risen Energy wins China Datang HJT module bid; Kibing Group's Zhaotong City PV glass facility operational.
LONGi ranks 1st in China's PV industry with over RMB 72.2 billion brand value:
The recently released "2024 China Brand Value Evaluation Information" ranks LONGi as No. 1 in photovoltaic (PV) industry in China. The list was jointly released by the Xinhua News Agency, China Brand Building Promotion Association, China Asset Appraisal Association in Deqing, Zhejiang. With a brand value of RMB 72.264 billion ($10.012 billion) and a brand strength of 921, LONGi ranks 12th among the national energy and chemical enterprise brands. Its brand value increased 17% from RMB 61.416 billion ($8.509 billion) last year. With 1,034 brands participating this year, the "China Brand Value Evaluation Information Release" has been taking place for 11 years, and follows ISO 20671 and ISO 10668 international and national standards.
LONGi recently signed a deal to purchase about 862,400 tons of high-purity silicon products from Tongwei through 2024-2026 (see China Solar PV News Snippets).
GCL Perovskite starts construction on GW-scale perovskite module production line: Perovskite module manufacturer GCL Perovskite has broken ground on its GW-level large-size (1.2 m x 2.4 m) commercial perovskite module production base in Kunshan High-tech Zone. The company claims that the 2.88 m2 perovskite modules to be produced at this production line will are currently the highest-efficiency large commercial perovskite modules in the world. GCL Perovskite says that the production cost for perovskite modules can be lowered to 50% of the cost of crystalline silicon with economies of scale.
TCL Zhonghuan to raise RMB 3.8B for silicon wafer & cell fabs: TCL Zhonghuan has released a prospectus, revealing its intention to raise about RMB 13.8 billion ($1.9 billion) through convertible bonds issuance. RMB 3.5 billion ($484.9 million) of these proceeds will be used to construct a 35 GW high-purity ultra-thin monocrystalline silicon wafer fab. The remaining RMB 10.3 billion will be used for its 25 GW n-type TOPCon high-efficiency solar cell smart factory.
Risen Energy wins China Datang HJT module bid: Recently, Risen Energy was announced as the leading bidder in section 3 of China Datang's 2024-2025 PV module procurement auction. China Datang will procure 1 GW of n-type heterojunction (HJT) modules under this bid. 60 companies are said to have participated in this auction for a total capacity of 16 GW (see China Solar PV News Snippets).
Kibing Group's Zhaotong City PV glass facility starts operations: PV glass manufacturer Kibing Group has officially started production at the 1st phase of its solar glass facility in Zhaotong City, Yunnan Province. Spread over an area of 1,168 acres, the facility is being constructed in stages. As part of Phase I, the company has invested RMB 5.3 billion ($734.6 million) to build 4 production lines with a capacity of 1,200 tons/day of ultra-clear photovoltaic glass and supporting ultra-clear quartz sand processing facilities. These facilities together are said to be able to meet the demand for approximately 25 GW of solar modules annually.