Zhongli Group and Shanghai Electric Power partner for photovoltaic power generation; Gold Stone Energy adds BYD and other companies as its shareholders; and Xiamen Tungsten subsidiary invests RMB 841.55 million in PV tungsten wire production.

Zhongli Group partners with Shanghai Electric Power: Module maker Talesun’s parent company Zhongli Group announced that it has got into a cooperation agreement with Shanghai Electric Power Co., Ltd., one of the major listed companies owned by State Power Investment Corporation Limited.  Both the companies plan to focus on investment in the photovoltaic power generation segment and energy technology innovation, and will strive to complete no less than 1 GW of PV power station projects during the 14th Five-Year Plan period. In December, Zhongli Group and Government of Daguan County in Yunnan Province had got into a county-wide distributed photovoltaic project in Daguan (see China PV News Snippets)

BYD invests in Gold Stone Energy to deploy HJT: High efficiency solar cell production solution company Gold Stone Energy has changed its investor’s equity, according to local media reports. The company has added BYD and other companies as its shareholders, leading the registered capital to increase to about RMB 215 million ($33.80 million), an increase of about 12.81%. At the same time, the business scope of Gold Stone Energy has undergone a change, and now includes special equipment manufacturing for semiconductor devices, PV equipment and components manufacturing, and PV power generation equipment leasing. In January, Golden Solar and Gold Stone Energy had partnered to construct a heterojunction high-efficiency solar cell production line in the Zhangjiakou Renewable Energy Pilot Zone (see China PV News Snippets)

Xiamen Tungsten to invest RMB 842 million in solar: Tungsten carbide manufacturer and supplier in China, Xiamen Tungsten, made an announcement that the company’s subsidiary, Xiamen Honglu Tungsten and Molybdenum Industry Co., Ltd., plans to invest RMB 841.55 million ($132.30 million) in the construction of a PV tungsten wire production line project in Xiamen Honglu Tianxiang Plant. By further expanding the application of fine tungsten wires in non-lighting fields, this project is aimed at helping the company to quickly occupy the application market for photovoltaics.