Silver paste maker DKEM raises funds for TOPCon products; Trina ships 28.79 GW modules by Q3; Henan Ancai Hi-Tech to invest in PV glass; Gold Stone HJT module efficiency at 24.46%; Chint signs Danish HOFOR project.
Silver paste maker DKEM raises RMB 186 million: Advanced technology firm DK Electronic Materials, Inc. (DKEM) announced that it has raised funds through issuance of shares that are not exceeding RMB 186 million ($25.45 million). After deducting the issuance expenses, the net proceeds will be used for research & development, and in producing conductive silver paste for TOPCon cells to the tune of 1,000 tons annually. The investment on R&D supporting equipment and the construction of the production line works out to be about RMB 182.2 million ($24.9 million). Towards which, the company plans to use only RMB 131 million ($17.92 million) from the raised funds. Rest of the funds, it will manage on its own. The construction is expected to complete in two years. Last year DKEM had acquired a 100% stake in Jiangsu Suote Electronic Materials for RMB 1.247 billion (see DuPont Divests Stake In PV Metallization Paste Business). DKEM will present in the upcoming TaiyangNews Virtual Conference on High Efficiency Solar Technologies from November 23-25, 2022. For Free Registration, Click here
Trina module shipments at 28.79 GW by Q3: Chinese solar module manufacturer Trina Solar said that by the end of the Q3 2022, its module shipments had touched 28.79 GW, the tracker shipments were at 2.8 GW, and battery energy storage shipments exceeded 300 MWh. The company added that it featured in the top when it came to the number of 210mm cell modules shipped. As per market research firm TrendForce, by the end of the third quarter this year, the industry had shipped 50 GW of 210mm cell modules, and the shipments since the modules went into production was at 76 GW.
Henan Ancai shares details of investor relation activities: Disclosing investor relation activities, photovoltaic ultra-white rolled glass producer and seller Henan Ancai Hi-Tech said that it has built a glass and natural gas business model, where natural gas is supplied for glass production through its own pipelines, and operated by controlled subsidiaries. This gives the company a cost advantage, also guarantees gas volumes, and provide the ability to deal with emergencies. The company also added that it plans to invest in photovoltaic glass in Qinghai and other places.
Gold Stone HJT module efficiency touches 24.46%: Over a WeChat communication, high efficiency solar cell production solution provider Gold Stone Energy said that the efficiency of its heterojunction modules has touched 24.46%. This is the third time the company has set new records in terms of module conversion efficiency this year, GS said. The module is based on a high-efficiency bifacial microcrystalline heterojunction cell developed by the company using 13.56MHz radio frequency plasma glow discharge technology. The module has also been recently tested and certified by TUV NORD, it said.
Chint signs Danish HOFOR 29 MW PV power station project: Specialized subsidiary of the CHINT group and engaged in PV power station development and PV module production, Chint Solar announced that it was contracted for the new M-12 29 MW HOFOR PV project in Denmark. It was in 2020 that Danish water utility firm HOFOR had invested in what will be one of the largest solar parks in the country with 180 MW PV capacity (see 180 MW Solar Park Planned For Denmark). Spread across 46.2ha, the M-12 project will see Chint offering EPC and O&M services and also installing about 52,560 pieces of its 545 W PV modules.