JA Solar to invest RMB 2.5 billion in 5 GW wafers and 6 GW high-efficiency cells projects; Shuangliang Eco-Energy subsidiary to supply 7,800 tons of single crystal square ingots; Mubang Hi-Tech invests in 10 GW TOPCon PV Cell production.
JA Solar to invest RMB 2.5 billion in wafer and cell production: In an announcement, solar PV panel manufacturer JA Solar said that it plans to invested about RMB 2.5 billion to construct 5 GW wafers and 6 GW high-efficiency cells projects. Located in Ningjin Dongcheng Photovoltaic Industrial Park, the project will also involve building new production workshop, purchasing production equipment and corresponding auxiliary facilities, and will be completed in about seven months. Recently, JA Solar had shipped between 8 GW and 9 GW solar modules during Q2/2022 (see JA Solar Expects Net Profit Growth For H1/2022)
Shuangliang Eco-Energy signs RMB 3 billion HJT supply contract: China headquartered solar PV production equipment maker Shuangliang Eco-Energy announced that its wholly-owned subsidiary Shuangliang Silicon Materials (Baotou) will be supplying 7,800 tons of single crystal square ingots to Anhui Huasheng New Materials, who is a producer and seller of high-quality monocrystalline silicon wafers. The total sales amount is expected to be around RMB 3 billion ($0.44 billion), including tax and the entire transaction will be completed between 2022 and 2025. Recently another subsidiary of Shuangliang Eco-Energy had won a polysilicon furnace project of RMB 123 million (see China PV News Snippets)
Mubang Hi-Tech to invest RMB 5.2 billion: Production and seller of educational toys Mubang Hi-Tech said that it has signed a 10 GW TOPCon Photovoltaic Cell Production investment agreement with the Wuzhou Municipal People’s Government. As per the agreement, the total investment is expected to be RMB 5.2 billion ($0.77 billion), of which about RMB 2.7 billion ($0.40 billion) will be invested in production equipment. Last month, Mubang Hi-Tech and Anyi had signed a 8 GW TOPCon project deal (see China PV News Snippets)