Conch Group looks at developing PV power plants and energy storage projects; Shuangliang Eco-Energy achieves net profit of RMB 339 million; JinkoSolar to supply Tiger Neo product to China Huadian; Shuangliang Eco-Energy to purchase two monocrystal furnaces.
Conch to invest RMB 5 billion in PV power plants & energy storage projects: In an announcement, building material enterprise Anhui Conch Cement Group said that it will invest RMB 5 billion ($0.79 billion) for the development of new energy business such as photovoltaic power plants and energy storage projects. This is being done to achieve full coverage of photovoltaic power generation in its subordinate plants. By the end of 2022, the installed capacity of photovoltaic power generation is expected to reach 1 GW.
Shuangliang Eco-Energy 2021 net profit rises by 150%: Releasing its 2021 annual results, solar PV production equipment maker Shuangliang Eco-Energy said that it has achieved an operating income of RMB 3.8 billion, a year-on-year increase of 84.87%, and a net profit of RMB 339 million, a year-on-year increase of 150.39%. In the year gone by, the company extended its photovoltaic monocrystalline silicon wafer business, wherein it produced 37.99 million pieces of monocrystalline silicon, and also further expanded the layout of its photovoltaic industry chain.
Shuangliang Eco-Energy signs two purchase orders for monocrystal furnaces: Shuangliang Eco-Energy Conservation said that its wholly-owned subsidiary has signed a single crystal furnace sales contract with Jingsheng Electromechanical. This contract is for Czochralski monocrystal furnaces, which will be applied to the company’s large-size single crystal silicon wafer project in Baotou. The transaction amount is pegged at RMB 808 million ($127.82 million). Meanwhile, the subsidiary also signed a monocrystal furnace sales contract with Liancheng Kaix Technology Co., Ltd. on the same day. This contract is for a Czochralski monocrystal furnaces, which will be applied to the company’s large-size monocrystal silicon wafer project in Baotou. The transaction amount for this contract is RMB 621 million ($98.24 million).
JinkoSolar wins Huadian’s 1.5 GW PV module procurement bid: China Huadian Group recently announced the winning bidders for the procurement of monocrystalline silicon photovoltaic modules in 2022, local media reported. And module supplier JinkoSolar has emerged as the winner for the centralized procurement of 1.5 GW modules. JinkoSolar will be supplying its new Tiger Neo product with N-type TOPCon technology and the transaction amount will be no less than RMB 2.8 billion ($0.44 billion). In December 2021, at the TaiyangNews Virtual Conference on High Efficiency Solar Technologies, JinkoSolar had introduced its Tiger Neo N-type TOPCon module (see JinkoSolar introduced Tiger Neo N-type TOPCon module at TaiyangNews conference)