- Canadian Solar Inc. announced that it has secured RMB 383.9 million (€ 50 million) bilateral corporate facility with Banco Santander, S.A.
- Trina Solar develops Vertex Extreme High-efficiency P-type monocrystalline silicon module, based on 66 high-efficiency PERC cells of 210mm×210mm, with a module aperture efficiency of 23.03%
- Risen Energy subsidiary to transfer shares worth RMB 579 million to State Power Investment subsidiary
- Zhonghuan semiconductor wafer prices drop to RMB 0.49-0.69 /pc
Canadian Solar secures RMB 383.9 mn from Santander: Canada headquartered Chinese solar power company Canadian Solar Inc. announced that it has secured a RMB 383.9 million (€50 million) bilateral corporate facility with Spain’s Banco Santander, S.A. The role of the facility is to support growth of Canadian Solar’s Global Energy business as it executes and expands on its project development pipeline in Europe, Middle East and Africa, or EMEA region, and further diversifies its sources of financing. This is the second facility between Canadian Solar’s European subsidiary and Santander over the past year. Recently, Canadian Solar had said that it increased module prices to partially mitigate impacts in Q1/2021 (see Canadian Solar Grew Q1/2021 Revenues By 32% YoY)
Trina 210 module aperture efficiency rises to 23.03%: Chinese solar module manufacturer Trina Solar’s State Key Laboratory of Photovoltaic Science and Technology announced that its developed its Vertex Extreme High-efficiency P-type monocrystalline silicon module, based on 66 high-efficiency 210mm format PERC cells, to reach a record module “aperture” efficiency of 23.03%. It said that this has been approved by third-party testing institutes TÜV Rheinland and TÜV North Germany, who have simultaneously tested and certified that the modules indeed have reached that efficiency level. Recently, TaiyangNews had launched a 210mm Solar Modules Report, in which it covers in detail technology updates from Trina Solar’s 210 mm products (see Advantages of 210mm Solar Modules Report)
Risen & State Power Investment strike deal: In an announcement, Chinese solar PV module producer Risen Energy said its wholly-owned company, Risen Energy (Ningbo) Power Development Co., Ltd., will be transferring 100% of its shares in Ninghai Xindian Power Development, Wulian Jingke Photovoltaic Power Generation, and Tonggu County Tongsheng Power Development to Hubei Lanfeng Energy Development, which is a subsidiary of State Power Investment Corporation (SPIC). The whole transaction amounts to RMB 579 million ($89.70 million), of which Ninghai Xindian shares are for RMB 51.7 million ($8.01 million), Wulian Jingke are for RMB 46.9 million ($7.27 million) and Tonggu Tongsheng are for RMB 14.7 million ($2.28 million).
Zhonghuan Semiconductor wafer prices drop to RMB 0.49-0.69 /pc: Chinese solar wafer manufacturer Zhonghuan Semiconductor (TZS) issued its latest silicon wafer price. Compared with May 31, G12 wafers with 170μm thickness were lowered by RMB 0.69/pc ($0.11/pc), down by 8.4%; and M6 and G1 wafers were lowered by RMB 0.49/pc ($0.076/pc), down by 9.55% and 9.74% respectively, even lower than the price quoted in May, 2021 (see China PV News Snippets: TZS, GCL, Zhejiang Southeast Space)