China News PV Snippets: Luoyang, China Power, LONGi

6 China Ministries Organize 2nd Batch Of PV Pilot Demonstration; Luoyang Partners With Golden Horse For PV Glass Development; 15.1% Profit Growth For China Power; LONGi Proposes New Development Goal

China News PV Snippets: Luoyang, China Power, LONGi

LONGi Clean Energy, which has been focussing on photovoltaic power projects so far, has now proposed a new development goal for itself – that of a green energy solutions provider. (Photo Credit: LONGi)

6 Chinese ministries organize 2nd batch of smart PV pilot demonstration: With an intent to promote and encourage high-quality development, technological progress, and expanded application of smart PV industry, six Ministries of People’s Republic of China, including the Ministry of Industry and Information Technology, the Ministry of Housing and Construction, the Ministry of Transport, the Ministry of Agriculture and Rural Affairs, the National Energy Administration, and the National Rural Revitalization Bureau have decided to organize the second batch of smart PV pilot demonstrations, a Photovoltaic Network News report stated. The pilot demonstration work would:

  • Supporting several smart PV demonstration enterprises, including those that can provide advanced and mature smart photovoltaic products, services, system platforms or overall solutions
  • Support the construction of a batch of smart PV demonstration projects, including projects that apply smart PV products, integrate big data, Internet and artificial intelligence, and provide users with smart PV services

Luoyang partners with Golden Horse Investment for PV glass: Float glass manufacturer Luoyang Glass announced that it has signed a cooperation framework agreement with Zigong Golden Horse Industry Investment Co. to develop new energy glass products. With this agreement, the company plans to further expand the scale of the photovoltaic glass business and improve its market competitiveness. Recently, Luoyang Glass had stated that it will raise RMB 2 billion ($0.31 billion) to invest in solar cell packaging material projects. It had also emphasized on using this money to repay interest-bearing liabilities and supplement working capital (see China PV News Snippets: CECEP, Luoyang, Jinko, JA)

15.1% year-on-year profit growth for China Resources Power in 2020: China Resources Power Holdings Company Limited announced its audited financial results for the year ended 2020. The net profit attributable to owners of the company amounted to HKD 7,583 million ($976.5 million). This represents an increase of HKD 993 million ($128 million) or 15.1% from the 2019 net profit of HKD 6,590 million ($ 849 million). In 2020, the additional grid-connected attributable capacity of wind and PV power of the Group amounted to 4,447 MW, of which wind power contributed 4,168 MW and solar 279 MW.

LONGi proposes new development goal: In the utility-scale solar segment, LONGi Clean Energy has focussed on the development, construction and operation of large-scale ground-mounted PV power plants solar power plants with ‘optimal cost per kilowatt-hour and maximum power generation.’ Now, in the context of China’s grid parity and carbon neutrality targets, LONGi Clean Energy has put forward a new development goal, developing from a PV system solution provider to a green energy solution provider, a Photovoltaic Network News Report stated.

 

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