- Akcome Technology and shareholding company Suzhou Akcome sign cooperation framework agreement with Shuifa to work closely on PV projects
- JinkoSolar subsidiary raises RMB 3.1 bn equity financing towards its listing on the STAR Market
- Alxa League, CNNC Rich Energy and Shanghai Electric to build multi-energy complementary large-scale integrated energy base project in Alxa’s Ulan Buh Desert
Akcome & hydrogen company Shuifa to work closely together on PV projects: China based new energy integrated services group Akcome Technology and its shareholding company Suzhou Akcome Energy Engineering Technology Co., Ltd. have signed a strategic cooperation framework agreement with hydrogen energy company – Shuifa Group. The two parties will have deepened strategic cooperation in the areas of photovoltaic power station mergers and acquisitions, photovoltaic project cooperative development and construction, photovoltaic modules and support product supply. Earlier in the year, Akcome had invested in high-efficiency heterojunction solar cell and module production with a combined capacity of 2 GW (see China PV News Snippets: Trina Solar, Akcome)
JinkoSolar subsidiary raises RMB 3.1 bn: Solar module manufacturer JinkoSolar has announced that its principal operating subsidiary Jiangxi Jinko has successfully raised RMB 3.1 billion ($ 458 million) equity financing towards its listing on the Shanghai Stock Exchange’s Sci-Tech innovation board (the “STAR Market”). The funds will also be supporting the company’s consistent expansion plans. Recently JinkoSolar had said that since the official launch of its next generation Tiger Pro solar modules, its order book for this series has exceeded 2 GW (see China PV News Snippets: JinkoSolar, Risen, Concord, DuPont). In its Q2/2020 quarterly financial report end of September it revealed that it had already achieved its targeted expansion for 2020 and now aims to increase its cumulative module production capacity to 30 GW by year end (see JinkoSolar Revenues Grew 22.2% YoY In Q2/2020).
Alxa signs 2GW wind-solar heat energy project: Alxa League, CNNC Rich Energy Corporation and Shanghai Electric Power Generation Group have signed an investment cooperation agreement for the Ulan Buh Desert Ecological Treatment project. It is a 2 million KW of wind and solar heat storage and multi-energy complementary large-scale integrated energy base project. The total investment is estimated to be around RMB 16.7 billion ($2.5 billion), which will be directed towards building a multi-energy complementary large-scale integrated energy park in the Ulan Buh Desert of Alxa. This will also include photovoltaic projects. It will be used to restore ecology and perform peak shaving of new energy power through solar heat and energy storage.