Astronergy inks deal to build manufacturing facility in Yibin; Huansheng PV's n-type shingled modules get TÜV Rheinland certification; TÜV SÜD grants TMP witness laboratory qualification to DAS Solar PV Lab; Arctech To Issue Shares To Raise Funds.
Astronergy to set up cell and module manufacturing facility in Sichuan: PV module manufacturer Astronergy has signed a contract with Yibin High-tech Industrial Park to build a cell and module manufacturing facility in Yibin, Sichuan. With a total investment of about RMB 12 billion ($1.7 billion) and being constructed in 2 phases, the factory's expected annual output at completion is 20 GW of high-efficiency solar cells and 5 GW of PV modules. While the target for Phase I is to reach an output of 10 GW cells and 3 GW of modules, the remaining capacity is targeted for Phase II. The facility is expected to generate RMB 13 billion ($1.8 billion) in revenues at full capacity. Astronergy had recently announced that its Ningxia Yanchi manufacturing facility will start production this month (see China Solar PV News Snippets).
TÜV Rheinland certification for Huansheng PV's shingled modules: Huansheng Photovoltaic (DZS Solar) has received TÜV Rheinland certification for its new 700 W+ n-type shingled modules. The G12-68P TOPCon shingled double-glass module has passed the IEC test, and has been recognized by the German independent testing organization for its high-power generation and high reliability. The certified module has a power of 705 W and a conversion efficiency of 22.4%.
DAS Solar PV Lab awarded TMP witness certification: TÜV SÜD has granted TMP (Testing at Manufacturer's Premises) witness laboratory qualification to Chinese module maker DAS Solar Photovoltaic Laboratory. This grant means that DAS Solar can conduct on-site product testing on its own, with TÜV SÜD representatives controlling the process and analyzing data. This helps shorten the testing and qualification cycle of new products. DAS Solar's facility spans over 1,000 m2 and conducts daily testing, adhering to PV industry standards.
Arctech to raise RMB 1.15 billion: Chinese provider of solar tracking and installation solutions Arctech Solar announced that it plans to raise about RMB 1.15 billion ($159.3 million) by issuing 40,745,844 shares. The funds raised, after deducting the expenses, will be used for capacity expansion project of the parallel drive of the photovoltaic tracking system, the photovoltaic supporting industrial park project of Susong Arctech Solar New Energy Technology Co., Ltd., the construction of the tracking bracket production and demonstration base, and the construction project of the research and development laboratory.
Shangpin New Energy signs investment deal for expansion: The Management Committee of Chizhou Economic and Technological Development Zone has signed an agreement with module maker Shangpin New Energy to invest about RMB 100 million ($13.9 million). The investment includes the purchase of 15 automatic processing lines. Slated to be completed and put into production by the end of this month, the facility is expected to achieve revenues of RMB 30 million ($4.2 million) in the first year, and to hit RMB 150 million ($20.8 million) once it reaches full production capacity in 2024.