Trinasolar releases 2023 sustainability report; Jinko Technology establishes energy storage fund; Astronergy's 8 GW cell & module fab enters Phase II; Central Low Carbon gets EIA pre-approval; Jilin Electric Power to raise funds for RE projects.
Trinasolar releases 2023 sustainability report: Vertically integrated solar manufacturer Trinasolar has released its 2023 Sustainability Report. The report highlights the company's environmental, social, and governance (ESG) achievements. Trinasolar invested $785 million (RMB 5.68 billion) in R&D in 2023. The report claims that the company reduced cell and module GHG emissions by 43% and 61% from 2020 baselines. Trinasolar's Yiwu Technology factory obtained the Zero-Carbon Factory certificate, which it says is the first in the PV industry. The report also emphasizes international certification of its products, diversity and inclusion efforts with 26.06% female employees, and high governance standards with ISO 37301:2021 certification. Trinasolar says that it has received several ESG-related awards and has also joined the United Nations Global Compact (UNGC), reinforcing its commitment to sustainability and a low-carbon future.
Trinasolar recently signed a Memorandum of Understanding (MoU) with CSC Energy and SolarTEQ to develop 100 MW of solar projects in South Korea by the end of 2025 (see China Solar PV News Snippets).
Jinko Technology establishes energy storage industry fund: Jinko Technology has announced that its wholly-owned subsidiaries have signed a partnership agreement with Shanghai Guosheng Capital Management to establish the Tangshan Energy Storage Industry Fund. The fund will focus on investing in various types of energy storage power station projects. The fund targets a total subscription amount of RMB 1 billion ($138.89 million), with an initial round of RMB 500 million ($69.44 million). In the first round, Jinko's subsidiaries will contribute a combined RMB 499.9 million ($69.43 million), representing 99.98% of the total, while Guosheng Capital, as the general partner, will contribute the rest and represent 0.02% of the total. Jinko Technology aims to leverage Guosheng Capital's local resources in Tangshan, Hebei Province, to identify and develop high-quality energy storage projects.
Astronergy's 8 GW cell & module fab to enter Phase II construction: The second phase of Astronergy's high-efficiency photovoltaic (PV) production base in Yueqing City, Zhejiang Province has entered the construction planning permit approval stage. The fab, being constructed for a total investment of RMB 8 billion ($1.11 billion), will double its current production capacity to 8 GW each for n-type solar cells and modules. The first phase, with 4 GW capacity each for cells and modules, has been completed and is entering the pre-acceptance and trial production stage.
The Chint Group subsidiary recently announced that it has started installing equipment at its new 5 GW TOPCon solar module manufacturing base in Fuyang District (see China Solar PV News Snippets).
Central Low Carbon gets EIA pre-approval for solar cell & module fab: A subsidiary of Central New Energy Holdings, Central Low Carbon has received the pre-approval for its environmental impact assessment (EIA) report. The company plans to set up a solar cell and module manufacturing facility in Anhui Province for an investment of RMB 6.17 billion ($857.78 million). Once complete, the facility will have 16 GW of annual production capacity for high-efficiency crystalline silicon solar cells and 4 GW of modules. To be constructed in 2 phases, Phase I will aim to build 8 GW of annual capacity for solar cells, with Phase II adding another 8 GW capacity for solar cells and 4 GW for modules.
Jilin Electric Power to raise RMB 5.54B for RE projects: Power grid operator Jilin Electric Power has announced its plans to raise up to RMB 5.539 billion ($769.31 million) to fund 5 hydrogen and renewable energy projects, including the Da'an wind-solar green hydrogen + synthesis ammonia integration demonstration project and 4 other wind power projects. The Da'an project will feature 100 MW of solar PV capacity and 700 MW of wind power capacity, providing energy for producing 32,000 tons of green hydrogen and 180,000 tons of green ammonia annually.