China PV News Snippets

CECEP Solar To Raise RMB 6 Billion & More From Hangzhou First, China Huaneng, Huitian New Materials

China PV News Snippets

CECEP will be raising funds to invest in nine photovoltaic power generation projects, including a 300 MW photovoltaic composite power generation project, and a 30 MW grid-connected photovoltaic power generation project. (Illustrative Photo; Photo Credit: Andre Nery/Shutterstock.com)

CECEP to raise RMB 6 billion for PV projects and working capital; Hangzhou First to invest in 250 million sq meters film project; China Huaneng Research Institute produces laminated PV modules;  Huitian New Material operating income at RMB 960 million.

CECEP Solar to raise RMB 6 billion: Holding subsidiary of China Energy Conservation and Environmental Protection Group, CECEP Solar said that it plans to raise RMB 6 billion ($0.91 billion), which will be used for the construction of photovoltaic power station projects and supplementary working capital after deducting issuance costs. As per the plan, the fundraising will be invested in 9 photovoltaic power generation projects, including the 300 MW photovoltaic composite power generation project in Taiping Town, the 30 MW grid-connected PV power generation project in Dunhuang, and the 50 MW fishery-PV power station project in Liukou, Guixi.

Hangzhou First to invest RMB 549 million in film project: Solar module encapsulation material world market leader Hangzhou First announced that in order to meet the needs of the company’s photovoltaic material business, it will be using the self-raised funds of RMB 549 million ($83.05 million) for a high-efficiency module packaging film manufacturing project with an annual output of 250 million square meters. The construction period will be for 3 years. Earlier this month, Hangzhou had shared its plans to increase production capacity of PV packaging materials (see China PV News Snippets)

Large-size matrix laminated PV module successfully produced: China Huaneng Group Clean Energy Technology Research Institute made an announcement that it has independently developed a large-scale matrix laminated solar module in Zibo, Shandong. This indicates that China’s photovoltaic module internal cell arrangement technology has made a breakthrough, and can now effectively promote the iterative upgrading of China’s photovoltaic industry technology.

Huitian New Materials releases Q1/2022 results: Solar backsheet material maker Huitian New Material released its first quarter report for 2022 and said that it has achieved an operating income of RMB 960 million ($145.2 million), a year-on-year increase of 33.1%. This rise is due to the expansion of the sales scale and the increase in orders. However, the operating cost during this period was RMB 740 million ($112 million), a year-on-year increase of 38.8%.

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Meena Nair

MARKETING COMMUNICATIONS MANAGER Meena Nair comes with a diverse experience of journalism and Corporate Communication. At TaiyangNews, she is responsible for social media research and marketing, and promotion of TaiyangNews Conferences and Webinars. If you are receiving LinkedIn Newsletters from TaiyangNews, well she is the one compiling them. In case you don’t, it’s high time you subscribe to them. They are a weekly repository of all the developments that have taken place in the solar space. Prior to joining TaiyangNews, Meena has worked with leading media houses, Deloitte and Mirum – Digital Marketing Agency. [email protected]

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