Integrated solar PV and energy storage systems manufacturer Trinasolar has officially joined the Supply Chain ESG Stewardship Initiative (SCSI) as a corporate member. The company stated that it integrates ESG principles into all aspects of its strategy and operations. Trinasolar added that it will leverage the SCSI platform to collaborate with fellow members in exploring innovative ESG practices and leading standards, aiming to promote the integrated advancement of ESG performance and product/service innovation across the supply chain.
Last month, Trinasolar joined the Global Solar Sustainable Alliance (GSSA), a coalition founded on the Ten Principles of the United Nations Global Compact and the UN Sustainable Development Goals (see China Solar PV News Snippets).
CGN New Energy, a subsidiary of China General Nuclear Power Group (CGN), has announced that its Inner Mongolia branch has successfully secured RMB 11.8 billion ($1.64 billion) in equity funding from 6 strategic investors, including ICBC Financial Asset Investment Co., Ltd. The company plans to use the proceeds to develop wind, solar, and energy storage projects in Inner Mongolia. CGN New Energy stated that it currently has about 8 GW of operational renewable energy capacity in the region, including several gigawatt-scale projects such as the 3 GW Xing’an League New Energy Base and the 1 GW Chifeng New Energy Base.
In July, CGN has signed an agreement to develop a 700 MW renewable-powered hydrogen production demo project in Yumen, Gansu Province (see China Solar PV News Snippets).
Zhejiang Taizhou New Energy Co., Ltd., a sister company of Astronergy under the CHINT Group, will participate in the creation of a residential distributed PV project development fund. According to an announcement from CHINT, Taizhou New Energy will contribute RMB 75 million ($10.42 million) to establish Haining Chaoneng Tongxin Equity Investment Partnership (Limited Partnership). The fund will focus on investing in residential distributed PV power generation infrastructure projects in China, primarily through equity investments. The fund has a total size of RMB 500 million ($69.44 million), with Haining Economic Development Industrial Park Development & Construction Co., Ltd., and Haining Chaoneng Tongxin Enterprise Management Partnership as the other 2 investors.
According to a recent local government release, perovskite manufacturer Shifang Baichuan Xinyong New Energy Co., Ltd. is moving forward with its high-efficiency perovskite solar cell manufacturing project in Deyang, Sichuan Province. The company plans to build 2 pilot lines for R&D and trial production of high-efficiency perovskite tandem solar cells. The R&D phase is expected to last around 5 years, followed by mass production, with a planned capacity expansion to 200 MWp/year of perovskite tandem solar cells.