China PV News Snippets: Canadian Solar, GoodWe, Tongwei

Canadian Solar Bags 10 GW Monocrystal Project In Xining; GoodWe Receives Eupd Top Brand Award In 6 Countries; Tongwei Releases Latest Cell Pricing; Zhonghuan To Increase MAXN Capital By RMB 220 Mn

China PV News Snippets: Canadian Solar, GoodWe, Tongwei

GoodWe has been awarded as the top inverter brand in six countries, including Netherlands, Australia, Poland, Spain, South Africa and Pakistan, based on brand perception and customers’ preferred choices, among others. (Photo Credit: GoodWe)

  • Canadian Solar to set up 10 GW monocrystalline silicon ingot facility with a total investment of about RMB 3 billion
  • GoodWe receives EuPD Top Brand Award in 6 countries – Netherlands, Australia, Poland, Spain, South Africa and Pakistan
  • Tongwei releases its latest cell pricing on its official website
  • Zhonghuan to increase its capital by RMB 220 million ($33.79 million) to subscribe for the additional 1.87 million new shares issued by Maxeon

Canadian Solar to build 10 GW monocrystal production facility in Xining: Xining Canadian Solar Technology Co., Ltd. plans to set up a 10 GW monocrystalline silicon ingot facility with a total investment of about RMB 3 billion ($0.46 billion), as per a Photovoltaic Network News report. The project will be completed in two phases – each 5 GW. Once the project is completed and put into production, an annual output value of around RMB 5 billion ($0.77 billion) is expected.

GoodWe receives EuPD Top Brand Award in 6 countries: Chinese inverter manufacturer GoodWe announced that, following feedback from PV installers around the globe, the company has been listed as the top inverter brand in six countries. The award issued by EuPD is for the rooftop category and the six countries are Netherlands, Australia, Poland, Spain, South Africa and Pakistan. This Top Brand PV seal is based on the EuPD Research installer survey, which analyses brand perception, customers’ preferred choice, and distribution in global markets in order to identify inverter brands that stands out from the rest. Meanwhile, in February, Goodwe’s had announced its 2020 estimated net profit to be between RMB 2.29 to 275 million (see China PV News Snippets: Samsung , Goodwe, Risen, 3 Gorges)

Tongwei releases latest cell pricing:  World leading solar cell maker Tongwei recently released its latest cell pricing on its official website. The polycrystalline diamond wire 157 cell is now priced at RMB 0.7/W ($0.11/W), an increase of RMB 0.07/W ($0.011/W) compared to the previous month. Meanwhile, the monocrystalline PERC 158.75 cell is priced at RMB 0.96/W ($0.15/W), which is an increase of RMB 0.02/W ($0.0031/W). The monocrystalline PERC 166 cell rose by RMB 0.03 ($0.0046) and is priced at RMB 0.89/W ($0.14/W), while the monocrystalline PERC 210 cell remained unchanged at RMB 0.91/W ($0.14/W). Last month, Tongwei had reduced its 210mm cell price by RMB 0.13/W (see China PV News Snippets: LONGi, Tongwei, Energy China, Ancai)

Zhonghuan to increase capital in Maxeon by RMB 220 mn: Chinese solar wafer manufacturer Tianjin Zhonghuan Semiconductor Co., Ltd issued an announcement stating that the company plans to increase its capital by RMB 220 million ($33.79 million) to subscribe for the additional 1.87 million new shares issued by Maxeon Solar Technologies,Ltd. (MAXN) on NASDAQ. As per the announcement, Maxeon plans to issue 8.814 million shares this time, at a determined issue price of RMB 117.18/share ($18/share). Recently, the company had announced that its Q1 net profit is expected to rise by 86.27% to 117.9% (see China PV News Snippets: Risen, Tongwei, Zhonghuan)

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