Hopewind signs Europe distribution deal; JA Solar to invest in 41 MW C&I solar projects; Leascend to buy wafers from and sell HJT cells to Grand Sunergy; Central New Energy's revenue up for FY2023; Autowell to set up Malaysian JV.
Hopewind partners with CNBM Germany & Bisoll: Solar inverter and ESS manufacturer Hopewind has announced signing a distribution deal with CNBM Germany GmbH at the Solar Solutions International Expo. The partnership targets commercial and industrial (C&I) solar solutions in Europe. At the same event, Hopewind certified Bisoll GmbH as its 1st professional MW EPC in Europe. Hopewind will supply its C&I PV inverters to Bisoll through CNBM.
JA Solar to invest in 41 MW C&I solar projects: Vertically integrated solar manufacturer JA Solar has announced its plan to invest RMB 122.3753 million ($16.97 million) to construct 3 C&I distributed solar PV power projects at its existing facilities. The 11.56 MW Jinghui Park, the 11.68 MW Jingyun Park in Yangzhou City, and the 18 MW Shijiazhuang City facility are the chosen candidates for the expansion.
Earlier this month, JA Solar's DeepBlue 4.0 Pro secured an A+ rating from CGC (see China Solar PV News Snippets).
Leascend signs wafer purchase & HJT cell sale deal with Grand Sunergy: Heterojunction (HJT) cell manufacturer Leascend has announced that its subsidiary, Meishan Leascend, signed framework contracts for the purchase of silicon wafers and the sale of HJT solar cells with the subsidiaries of Grand Sunergy. According to the agreements, Meishan Leascend will purchase 145 million monocrystalline silicon wafers from Anhui Grand Sunergy. After cell processing, Meishan Leascend will sell 700 MW of A-grade G12 HJT solar cell products to another Grand Sunergy subsidiary, Jiangsu Grand Sunergy. These agreements are valued at over RMB 200 million ($27.78 million).
Earlier this month, Leascend was one among a group of 10 leading HJT manufacturers that launched the China Photovoltaic Solar Energy High Efficiency 740W+ Club (see Club For High Efficiency Heterojunction Solar Panels).
Central New Energy FY2023 revenues up 150.3%: Central New Energy has reported revenues of approximately HKD 4.03 billion ($515.2 million) for FY 2023, a year-on-year increase of 150.3%. It reported net profit of HKD 71.289 million ($9.11 million), compared to a net loss of HKDD 30.328 million ($3.8 million) in 2022. The company attributed the growth in revenue mainly to the full production capacity of 2 GW solar modules and 6 GW solar cell products in 2023, driven by strong sales growth of n-type cells and modules. The revenue from its new energy and EPC segments increased by approximately HKD 2.12 billion ($271 million) in 2023, accounting for 52.6% of total revenue, significantly higher than HKD 58.6 million ($7.49 million) in 2022.
Autowell plans to establish JV in Malaysia: Automation equipment manufacturer Autowell Technology has announced its intention to establish a joint venture (JV) company in Malaysia. It plans to do this through its wholly-owned subsidiary Autowell (Singapore) PTE. LTD., in collaboration with TT Vision Holdings Berhad (TTVHB). The primary focus for this JV will be production and sales of automation equipment. Autowell plans to fund it using internal resources, with Autowell (Singapore) investing MYR 142 million ($30.3 million) for an 85% stake in the joint venture, while TTVHB will invest MYR 24.99 million ($5.35 million) for a 15% stake. The products of the joint venture company will target the Southeast Asia, Europe and America markets.
Earlier in March, Autowell announced its plans to set up a lithium battery & PV equipment R&D Center in Wuxi City (see China Solar PV News Snippets).
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