China PV News Snippet: CNG & Trina, LONGi, Cybrid

• Automation and its subsidiary HongCNY New Materials have singed a major contract with Trina Solar for sale of monocrystalline silicon wafers
• LONGi's Jiaxing 7 GW photovoltaic module project begins operations and will provide high-end Hi-MO 5 series products
• Cybrid Technologies' public issuance of convertible corporate bonds not to exceed RMB 700 million ($105.5 million)

Shangji Automation and Trina sign 20 GW mono wafercontract: Shangji Automation and its wholly-owned subsidiary HongCNY New Materials (Baotou) Co., Ltd. have entered into a major contract with Chinese solar cell and module manufacturer, Trina Solar, for the sale of monocrystalline silicon wafers. As per the contract, for the period 2021-2025, Trina Solar will purchase no less than 4 GW monocrystalline silicon wafers from the company's subsidiaries each year, corresponding to 400 million wafers of 210 mm size (G12), and a total of 20 GW in five years, corresponding to 2 billion wafers of 210 size. Meanwhile HongCNY New Materials had recently purchased raw materials polysilicon from Jiangsu Zhongneng Silicon Technology Development Co., Ltd. and Xinjiang GCL New Energy Material Technology Co., Ltd (see China PV News Snippets: Shangji, Cybrid, DZS Solar).

LONGi Jiaxing 7 GW PV fab begins operation: LONGi's Jiaxing 7 GW solar module factory has begun operations and will provide its Hi-MO 5 series products to the market. These products are based on 182 mm size silicon wafers with a module efficiency of over 21%. Last year, LONGi had developed a monocrystalline solar module production fab with an annual capacity of 5 GW in Jiaxing region under a project investment agreement with the local government (see LONGi To Develop 5 GW Solar Module Fab In Jiaxing, China)

Cybrid to issue RMB 700 mn convertible bonds: Leading solar backsheet manufacturer Cybrid Technologies has disclosed that the public issuance of convertible corporate bonds will not exceed RMB 700 million ($105.5 million), including RMB 700 million ($105.5 million). After deducting the issuance costs, the funds will be used for the annual output of a 255 million m2 solar backsheet film production. Two months back, the board of directors at Cybrid Technologies had approved a proposal to set up a wholly owned subsidiary of the company to implement an factory with an annual capacity of 255 million m2 which is equivalent to around 25 GW (see China PV News Snippets: LONGi, Cybrid, Antaisolar)