Huasun shortlisted to supply 2 GW HJT modules by CEEC
Heterojunction (HJT) solar PV manufacturer Huasun Energy has been shortlisted by China Energy Engineering Corporation (CEEC) for a 2 GW PV module procurement in 2024, with competitive bids of RMB 0.782/W ($0.108) for engineering projects and RMB 0.762/W ($0.105) for self-investment projects. Huasun says that its HJT modules are known for high efficiency and low carbon footprint, and align with CPIA’s goals for sustainable pricing.
The company states that this shortlisting builds on its partnerships with state-owned companies, like China Datang and State Power Investment Corporation (SPIC), as well as a recent 1 GW project with POWERCHINA (see China Solar PV News Snippets). Huasun claims to have delivered over 8 GW of HJT modules to 60 countries.
Zhongli Group suspends trading
Zhongli Group, the parent company of Talesun Solar, has suspended the trading of its stock following its recent announcement cautioning the market of a potential delisting (see China Solar PV News Snippets). The company stated that it failed to recover RMB 1.805 billion ($254.06 million), including RMB 112 million ($15.76 million) in unauthorized guarantees, as ordered, and thus trading was suspended as of November 11, 2024. The suspension period will not exceed 2 months. Currently, Zhongli Group and its 4 wholly-owned subsidiaries (including Talesun Solar) are undergoing a reorganization under the Suzhou Intermediate People's Court. According to stock exchange regulations, if corrective actions are not completed within the suspension period, Zhongli Group faces the risk of delisting.
Yingfa Group to develop solar, storage, and hydrogen demonstration project
Electronic product component manufacturer Yingfa Group has signed a cooperation agreement with the Jiangbei New District government of Nanjing City, Jiangsu Province, for an integrated demonstration project for solar, storage, and hydrogen, along with a 150 MW solar photovoltaic (PV) project. Under the agreement, Yingfa Group will invest in establishing a production base and PV power generation project in the district. The company will develop a research center and intelligent factory for high-end hydrogen power sources, inverters, charging stations, medical electronics, and automotive electronics. The investment includes RMB 2.5 billion ($351.74 million) for the integrated demonstration project and a 150 MW fishery-solar hybrid project.
Recently, LONGi signed a strategic cooperation agreement with Yingfa Group subsidiary Yingfa Deyao Technology Co., Ltd. and Yibin High-tech Zone of Yibin City in Sichuan Province 16 GW of HPBC solar cell fab (see China Solar PV News Snippets).
Clenergy issues convertible bond prospectus
Solar mounting systems and trackers manufacturer Clenergy has released a prospectus for the issuance of convertible bonds as part of its listing process. According to the prospectus, the company reported revenues of RMB 1.44 billion ($202.69 million) in 2022, RMB 1.94 billion ($272.50 million) in 2023, and RMB 873.58 million ($122.91 million) in the first half of 2024, with net profits of RMB 109.30 million ($15.38 million), RMB 168.78 million ($23.75 million), and RMB 54.34 million ($7.65 million), respectively. Clenergy aims to raise up to RMB 500 million ($70.34 million) to build a 10 GW distributed solar mounting system smart factory and an energy R&D center.
Construction starts on 1 GW solar-powered desertification control project in Xinjiang
Shanxi No.8 Construction Group Co., Ltd. has begun work on a 1 GW solar desertification control project in Maigaiti County in Xinjiang's Kashgar region. With a total investment of RMB 3.8 billion ($534.06 million) and covering 30,000 mu (20 km2), the project includes an installed capacity of 1 GW (AC) / 1.191 GW (DC), a 100 MW energy storage station, and a 220 kV step-up station. Once operational, the project is expected to generate 1.7 billion kWh of electricity annually. The project aims for desertification control of 60,000 mu (40 km2) of the solar plant area and designated restoration zones.