China PV Snippets: Huadian, Chint, DMEGC, Yongxiang Poly

Solar module maker Chint Solar and leading Chinese power company State Power Investment Corporation (SPIC) enter into a strategic cooperation agreement for in-depth cooperation in photovoltaic power generation projects, power station operation and maintenance, integrated energy supply, and PV related products. (Photo Credit: Chint Solar)
  • China Huadian Corporation Ltd's Huan branch invests RMB 1.05 billion ($.16 billion) in a 150 MW photovoltaic project at Changde Economic Development Zone
  • Chint Solar and State Power Investment Corporation to have in-depth cooperation on photovoltaic power generation projects
  • Hengdian Group DMEGC Magnetics achieves a revenue of RMB 5.499 billion ($.82 billion) from January to September, a year-on-year increase of 15.18%
  • China Longyuan enters into an investment agreement with CHN Energy Jiangxi Electric Power Co to develop PV projects
  • After a devastating flood that saw Yongxiang Polysilicon incur huge losses, the company is now back into action

Huadian to build 150 MW PV project in Changde, Hunan: State-owned power generation enterprise China Huadian Corporation Ltd's Huan branch invests RMB 1.05 billion ($.16 billion) in a 150 MW photovoltaic project at Changde Economic Development Zone. The project will carry out rooftop PV, fishing and solar complementary PV power generation projects. Earlier in the month, Huadian Group had announced its plans to build a 230 MW agrivoltaic power generation project under an agreement with Puding county (see China PV News Snippets: Trina Solar, CECEP, Huadian)

Chint Solar and SPIC sign cooperation agreement: Chint Solar and China's major power generator, State Power Investment Corporation (SPIC), have entered into a strategic cooperation agreement, the signing ceremony of which was held in Wuhan, Hubei. This is to reaffirm their in-depth cooperation in various fields such as photovoltaic power generation projects, power station operation and maintenance, integrated energy supply, and PV related products.

Hengdian DMC net profit and revenue up in Q3/2020: Releasing its third quarter report for the year 2020, Hengdian Group DMEGC Magnetics has confirmed it achieved a revenue of RMB 5.499 billion ($0.82 billion) from January to September, a year-on-year increase of 15.18%. The net profit attributable to shareholders of listed companies showed a year-on-year increase of 32.33% and stood at RMB 6.59 billion ($0.98 billion), while in the third quarter, there was a year-on-year increase of 78.29% at RMB 316 million ($47.23 million). DMEDG produces magnetic materials, electronic components and is also a vertically integrated solar module manufacturer.

Longyuan in JV with CHN Energy to develop PV projects: Primarily a wind power company, China Longyuan has entered into an investment agreement with CHN Energy Jiangxi Electric Power Co., Ltd., a wholly-owned subsidiary of CHN Energy to form a joint venture (JV). China Longyuan will invest 50 million RMB ($ 7.47 million) in cash into the JV, accounting for 50% of the total registered capital. Through this partnership, the company intends to develop PV power generation projects, in the process, fully mobilizing and utilizing National Energy Jiangxi's resource and management advantages in Jiangxi Province, giving full play to the company's professional expertise and technical advantages in the field of new energy development.

Yongxiang Polysilicon makes a come back: After a devastating flood that saw Yongxiang Polysilicon incur huge losses, the company is now back into action. As per a press release by the company, Yongxiang Polysilicon has produced its first batch of genuine materials from its facility, marking a successful resumption of full-line production. All products are said to have reached solar-grade quality levels.

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