China PV News Snippets

Solarspace receives high score rating of 4AA1 from Dun & Bradstreet; Energy China group to build 600 MW PV project; DMEGC reports 48.9% rise in profit in 2022; EIA of Shangji Automation PV facility announced.

Solarspace wins Dun & Bradstreet 4AA1 rating: High-efficiency solar cells and module technology producer Solarspace announced that it has received a high score rating of 4AA1 from Dun & Bradstreet. This rating signifies that the Solarspace has excellent qualifications and credit standing in the domestic industry. Dun & Bradstreet is a global data and analysis-driven decision-making agency, who uses financial strength and comprehensive credit as the classification criteria for corporate ratings.

Energy China Group sign for 600 MW PV project: China Energy Engineering Corporation announced that it has signed an agreement with Yuepuhu County and Northwest Electric Power Design Institute to develop a 600 MW photovoltaic power generation project. With an investment of RMB 3.5 billion ($0.5 billion), the project will be built during the 14th and 15^th Five-Year Plan period.

DMEGC reports 48.9% rise in profit in 2022: Disclosing its annual report, vertically integrated solar module manufacturer from China, Hengdian Group DMEGC Magnetics Co., Ltd. (DMEGC) said that it has achieved a revenue of RMB 19.45 billion ($2.8 billion), a year-on-year increase of 54.28%, and a net profit of RMB 1.6 billion ($0.23 billion), a year-on-year increase of 48.98%. As of December 31, 2022, DMEGC has an annual production capacity of 8GW solar cells, 7GW modules and 2.5GWh lithium batteries, the company added.

EIA of Shangji Automation PV facility announced: People's Government of Jiangyin City announced the environmental impact report of Hongyuan Solar and Shangji Automation PV manufacturing facility (Phase I). As per the announcement, Hongyuan Solar plans to purchase series welding equipment, stitch welding machines, lamination machines, EL inspection equipment, IV testing, assembly lines and other equipment to produce high-efficiency solar modules. Once the facility is put into operation, it will produce about 16 GW ultra-high-efficiency solar modules.