JinkoSolar to supply 100 MWh of ESS products to Must Zimbabwe; Zhongmin Energy to launch RMB 50 million subsidiary; Tencent invests in perovskite company; NDRC updates wind and PV base status.
JinkoSolar and Must Zimbabwe sign 100 MWh deal: Module supplier JinkoSolar announced that it has signed a distribution agreement with Must Zimbabwe, a distributor of photovoltaic modules, inverters, batteries and energy storage system in Zimbabwe distribution market. As per the agreement, JinkoSolar will supply over 100 MWh of its ESS products to Must Zimbabwe, including lithium iron phosphate battery system units for residential use and LFP container storage system for C&I power demand. On another note, in the upcoming TaiyangNews Intersolar Munich Review Virtual Conference, Roberto Murgioni from JinkoSolar will be speaking about their rooftop variant of Tiger Neo. Click here for free registration.
Zhongmin Energy to invest RMB 50 million for PV expansion: In an announcement, clean energy developer Zhongmin Energy announced that to better promote the investment and development of centralized photovoltaic pilot projects in Fuqing area, the company plans to invest RMB 50 million ($7.37 million) to establish a wholly-owned subsidiary – Zhongmin (Fuqing) Photovoltaic Power Generation Co., Ltd. The new company will act as the main body of investment in the development of photovoltaic power generation in Fuqing area.
Tencent enters the perovskite field: As per a media report, Guangxi Tencent Venture Capital has invested in Kunshan GCL Photoelectric Materials. However, the investment ratio has not yet been disclosed. Guangxi Tencent Venture was established in January 2020 and is indirectly held 100% by Shenzhen Tencent Ruito Enterprise Management. Meanwhile, Kunshan GCL Photoelectric Materials is a photovoltaic material manufacturer, focusing on the research and development and production of next-generation perovskite solar modules, and is committed to developing large-scale 1m*2m solar modules.
NDRC updates wind and PV base status: At a press conference, the National Development and Reform Commission (NDRC) of China emphasized the need to vigorously develop new energy. It said that its plans to build a 450 GW large-scale wind power and photovoltaic bases in Gobi and other desert areas is already underway, and about 85 GW projects have already begun construction.