JA Solar breaks ground on 300 MW project: JA Solar has announced a new solar PV project with 300 MW capacity. The groundbreaking ceremony was held on July 9, 2020. It is coming up in Chaoyang County in Liaoning Province of China. This is the Chinese module manufacturer's first large scale grid parity project which it will independently finance and construct. The Chaoyang project is estimated to be built for an investment of RMB 1.45 billion ($208 million) and on completion by the end of this year, it is expected to generate close to 500 million kWh. JA Solar will present the latest about its new high-power module for power plants at TaiyangNews' virtual 500 W+ Solar Module Conference on July 29 & July 30, 2020. Registration is for free here.
Sungrow's floating PV installed capacity over 900 MW: At the end of June 2020, Sungrow says its cumulative installed floating solar equipment capacity had crossed 900 MW globally, inching closer to 1 GW level. Mostly known for its inverters, the Chinese company, which also offers floating solar equipment, claims within H1/2020, it installed 200 MW of its Sungrow Floating System. Out of the overall 900 MW capacity, it has completed large-scale installations with 200 MW capacity in Beijing, Hunan, Guangxi, Jiangxi, and other places. It claims to have an annual production capacity of 800 MW.
China Huaneng Group invites bids for 5 GW: China Huaneng Group has launched a solicitation round for solar PV modules and inverters. Under this procurement round, 4 GW is what it is looking for and it can be expanded by another 1 GW. The procurement period is from July 2020 to June 2021. Modules and inverters procured under this tender will be deployed in Chinese regions of Qinghai, Inner Mongolia, Zhejiang, Jiangsu, Hainan and other regions. Bids can be submitted till August 3, 2020. Details are available on China Huaneng's eprocurement website.
Trina Solar starts production of Vertex solar modules: Trina Solar has officially started production of its high efficiency Vertex solar modules at its manufacturing locations in Suqian, Jiangsu, and Yiwu. By the end of 2020, the management targets to have an annual production capacity of 10 GW for these modules and expand it to around 21 GW by the end of 2021 and 31 GW by 2022. By the end of 2022, the target is to have these 500 W+ modules account for more than 70% company's total module production capacity to meet global market demand and achieve stable supply. Trina will present about its Vertex modules at TaiyangNews' virtual 500 W+ Solar Module Conference on July 29 & July 30, 2020. Registration is for free here.
Ginlong Technologies improved financial metrics in H1/2020: The COVID-19 pandemic did create pressure on Ginlong Technologies' business in the first half of 2020 but the Chinese PV inverter supplier with its Solis brand managed to increase its production capacity and claims to have expanded its market share globally during the period. In preliminary business results shared for the reporting period, it expects its net profit attributable to shareholders of listed companies during the period increased by 238.86% to 319.54% annually to between RMB 105 million to RMB 130 million ($15 million to 18.58 million).
.png?w=50&fm=png){kind=logo}