China PV News Snippets: Deli, LONGi China Huaneng, Hangzhou

Deli & LONGi Subsidiaries Sign PV Glass Purchase Agreement For RMB 5.531 Bn; China Huaneng Sign 400 MW Agricultural PV Station Contract With Guizhou; Hangzhou First Releases First Quarter Report

China PV News Snippets: Deli, LONGi China Huaneng, Hangzhou

With Guizhou Province, and China Huaneng Group signing a 400 MW photovoltaic power plant project construction agreement worth RMB 3 billion, it is expected that this move will positively promote agricultural efficiency and farmers’ income. (Photo Credit: Chinahbzyg/Shutterstock.com)

  • Deli Solar and 10 wholly-owned subsidiaries of Chinese vertically integrated solar PV company LONGi sign long-term purchase agreement for photovoltaic glass
  • Guizhou Province and China Huaneng Group sign 400 MW photovoltaic power plant project construction framework agreement
  • Hangzhou First releases its first quarter report for 2021, achieves an operating income of RMB 2.814 billion

Deli & LONGi subsidiaries sign PV glass purchase agreement for RMB 5.531 bn: Chinese glass producer Deli Glassware issued an announcement stating that its subsidiary Deli Solar and 10 wholly-owned subsidiaries of Chinese vertically integrated solar PV company LONGi have signed a long-term purchase agreement for photovoltaic glass. The estimated contract value is about RMB 5.531 billion ($0.85 billion). Last year, Deli had announced that it is expanding its annual PV glass production capacity by 2,000 metric tons (MT) per day (see Deli Glass Expanding Solar Glass Capacity). Recently, LONGi Green Energy Technology has locked into polysilicon and PV glass supply for a long term period in two separate agreements (see Long Term PV Glass & Polysilicon Supply Deals For LONGi).

China Huaneng signs 400 MW agricultural PV station contract with Guizhou: Libo County, Guizhou Province, and China Huaneng Group Co., Ltd. have signed a 400 MW photovoltaic power plant project construction framework agreement. With a total planned investment of RMB 3 billion ($0.46 billion), the company intends to build a 400 MW centralized agricultural and complementary PV power station in Maolan Town and Yuping sub-district offices. It also plans to develop different industrial models like PV agriculture, tourism, scientific research, and the like. Earlier this year, China Huaneng had signed a contract for PV & wind power projects in Luoyang (see China PV News Snippets: Jinjing, Shuangliang, Huaneng, Chint)

Hangzhou First releases first quarter report: Solar module encapsulation material world market leader and backsheet producer, Hangzhou First released its first quarter report for 2021. As per the report, the company has achieved an operating income of RMB 2.814 billion ($0.43 billion), a year-on-year increase of 86.51%. In the first quarter of 2021, the sales volume of solar film was 221.5 million square meters, with an operating income of RMB 2.56 billion ($0.39 billion); the sales volume of photovoltaic backsheets was 14.9697 million square meters, with an operating income of RMB 146 million ($22.49 million). In its third quarter report of 2020, Hangzhou First had achieved an operating income of RMB 5.469 billion ($.82 billion) (see China PV News Snippet: Hangzhou First, Tongwei, Xigaze, JA)

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