China PV News Snippets

• Ginlong Technologies to issue 8.97 million convertible corporate bonds, raising about RMB 897 million
• Maxwell Technologies holds ground-breaking ceremony of its PV HJT cell equipment project
• Solarspace and Xuzhou High-tech Zone sign RMB 11.5 billion TOPCon large-size high-efficiency cell and diamond wire slicing project
• JA Solar says it has 1.5 GW of silicon wafer and 3.5 GW of module production capacity in Vietnam

Ginlong Technologies issues 8.97 million bonds; Maxwell Technologies begins PV HJT cell equipment project; Solarspace signs RMB 11.5 billion diamond wire project.

Ginlong Technologies to issue RMB 897 mn convertible bonds: Solar inverter manufacturer Ginlong Technologies announced plans to issue 8.97 million convertible corporate bonds, raising about RMB 897 million ($140.97 million). This fund will then be used for distributed photovoltaic power station projects and supplementary liquidity. Through its wholly-owned project subsidiaries, the company plans to invest RMB 771 million ($121.17 million) specifically to build distributed PV power stations for industrial and commercial rooftops in Zhejiang, Jiangsu, Henan, Guangdong, Anhui, Fujian, Shaanxi, Shandong and other regions. After the completion of the project, the total installed capacity would be about 194.02 MW.

Suzhou Maxwell's PV HJT project launched: Solar cell production equipment maker Suzhou Maxwell Technologies held the ground-breaking ceremony of its photovoltaic heterojunction cell equipment project in Wujiang District, according to local media reports. The project is spread across 283 mu and has a construction area of over 300,000 m2 and will be used for independent research & development, designing and manufacturing of complete line equipment for heterojunction solar cells, including core PECVD and PVD equipment. The construction will be completed in 3 years. In December last year, Suzhou Maxwell Technologies and module maker REC Group had signed an order for a 400 MW HJT cell line (see China PV News Snippets)

Solarspace signs RMB 11.5 bn PV cell & diamond wire slicing project: High-efficiency solar cells and module technology producer Solarspace and the Management Committee of Xuzhou High-tech Zone, Jiangsu Province have signed a large-size high-efficiency TOPCon cell and diamond wire slicing project, according to local media reports. The total investment of the project is reported to be RMB 11.5 billion ($1.81 billion). The project will be constructed in 2 phases. In the first phase, the large-size high-efficiency photovoltaic cells will be installed, commissioned and officially put into production, and this will happen by the end of this year. The second phase will begin in March 2023. The project is scheduled to be put into operation by the end of 2024.