China PV News Snippets

Aidi will be building a 100 MW PV power station; Shuangliang & Autowell both show positive results in 2021; LONGi Solar to see RMB 1.2 billion capital increase; and Gansu to raise funds for its PV and wind projects.

Aidi New Energy signs distributed PV project deal: Aidi New Energy announced that the company has signed an agreement with Baoding Municipal Bureau of Office Affairs, to build a 100 MW public institution distributed photovoltaic power station in Baoding. The total investment of the project is about RMB 350 million ($55.4 million). Last month, Aidi had announced that it has established a RMB 10 million ($1.58 million) wholly-owned subsidiary in Hebei Province (see China PV News Snippets)

Shuangliang shows growth in 2021: Announcing its 2021 performance results, Chinese production equipment maker Shuangliang Eco-Energy said that:

• its operating income was RMB 3.8 billion ($0.60 billion), an increase of 84.9% over the previous year, and
• its operating profit was RMB 403 million ($63.79 million), an increase of 152.6% over the previous year

Shuangliang pointed out that its performance in 2021 was mainly driven by the growth of both the company's energy conservation and emission reduction business and its photovoltaic new energy business during the reporting period. Few days back Shuangliang & Trina had signed a 1.8 bn silicon wafers order (see China PV News Snippets)

Autowell Technology announces 2021 annual results: Autowell Technology released its 2021 annual performance report. The automation equipment manufacturer has achieved an operating income of RMB 2.04 billion ($0.33 billion), a year-on-year increase of 79.04%. The company said that it had benefited from the continuous advancement of China's "dual carbon" policy, and the high demand for its core product – ultra-high-speed large-size stringers, both of which contributed to its performance.

LONGi to increase capital by RMB 1.2 billion: In an announcement, LONGi Green Energy Technology said that it plans to increase the capital of its subsidiary LONGi Solar by RMB 1.2 billion ($0.19 billion). The raised funds will be invested in a 15 GW high-efficiency monocrystalline cell production project. Last week, LONGi had launched its New Hi-MO 5m Solar Module for the distributed generation segment (see New LONGi PV Rooftop Module With 415 W Output).

Gansu Power to raise RMB 1.2 billion: Renewable and New Energy development company Gansu Power Investment Energy disclosed its plans to raise RMB 1.2 billion ($0.19 billion). This is aimed towards its 200 MW PV project in Guazhou and a 300 MW PV power generation project at Yanchitan; and the 200 MW wind farm project in Yumen and another 100 MW wind farm project. With the raised funds, the company is looking at expanding the company's industrial layout and making up for the project funding gap.