Inner Mongolia & J Suzhou sign PV materials and application park agreement: Inner Mongolia Etuoke Qianqi and Suzhou Run Sunshine Technology or Runergy signed a strategic cooperation framework agreement for the photovoltaic materials and application industry technology park, for a total investment of RMB 29.7 billion ($4.57 billion). The project is based on carbon neutral thinking and promotes integrated promotion of ‘silicon-slicing-cells.’ Last year, Runergy had officially started production at its 6 GW high efficiency PERC solar cell project in Jianhu Economic Development Zone, Jianhu County (see China PV News Snippets: Runergy, IRICO, Unisun, Zhongli).
Shuangliang Eco-Energy releases first-quarter report: China headquartered solar PV production equipment maker Shuangliang Eco-Energy released its first quarter report for 2021. The announcement showed that the performance of the first quarter hit a five-year high, achieving an operating income of RMB 434 million ($66.79 million), a year-on-year increase of 97.37%. At the same time, in the first quarter of 2021, compared with the first quarter of 2019, the revenue has increased by 24% and net profit by 161%. The number of orders announced in the first quarter of 2021 was as high as RMB 1.169 billion ($0.18 billion), of which energy-saving and water-saving businesses accounted for RMB 339 million ($52.17 million), and new energy businesses accounted for RMB 830 million ($127.73 million). Last month, Shuangliang had announced its plans to venture into solar wafer and ingot production through a new company called Shuangliang Silicon Materials (Baotou) Co., Ltd. (see Shuangliang Eco-Energy: 40 GW Mono Wafer Capacity)
China Glass to establish a joint venture company: China Glass Holdings Limited announced that its wholly owned subsidiary Success Castle and Suqian Bochen have entered into agreement to establish a Joint Venture company in China. The aggregate registered capital of the new company is expected to be RMB 200 million ($30.78 million), of which Success Castle and Suqian Bochen will contribute RMB142 million ($21.85 million) and RMB 58 million ($8.93 million), respectively. The purpose of this agreement is to establish a photovoltaic ultra-white rolled glass production base in the Suqian High-Tech Industry Development Zone in China.