China PV News Snippets: Jinjing, Shuangliang, Huaneng, Chint

Jinjing Technology’s profit to increase; Shuangliang wins RMB 469 mn order; China Huaneng signs up PV & wind projects; Chint Solar to buy 882 mn silicon wafers; Discussion on 210mm wafer-based modules at TaiyangNews Conference

China PV News Snippets: Jinjing, Shuangliang, Huaneng, Chint

With Chint Solar signing monocrystalline silicon wafer procurement contracts with Shangji Automation subsidiary, Hongyuan New Materials, the contract value is expected to be about RMB 4.059 billion ($0.63 billion) for three years. (Photo Credit: Chint)

  • Jinjing Technology stated that its annual net profit in 2020 is expected to increase by about RMB 292 million
  • Shuangliang Eco-Energy wins RMB 292 million worth bid for two separate reduction furnace projects
  • Luoyang City signs five projects, including Huaneng Group’s wind power and photovoltaic projects with a total investment of RMB 2.4 billion
  • Chint Solar’s subsidiaries have signed monocrystalline silicon wafer procurement contracts worth 882 million with Shangji Automation subsidiary, Hongyuan New Materials
  • The focus on the first day of TaiyangNews Advanced Solar Module Conference to be on the largest variety – 210mm wafer-based modules

Jinjing Technology’s 2020 net profit to increase by 297%: Releasing its 2020 annual performance report, Chinese glass developer and producer Jinjing Technology stated that its annual net profit in 2020 is expected to increase by about RMB 292 million ($45.07 million). When compared with the same period of the previous year, this is an increase of about 297%. The main reason for this rise is due to the increase in the price of photovoltaic glass that has led to an increase in gross profit margin during the reporting period, it said. To add to this, the company had also received about RMB 74 million ($11.42 million) of government subsidies during this period.

Shuangliang Eco-Energy wins RMB 469 million reduction furnace bid order:  In an announcement, Shuangliang Eco-Energy stated that the company won a bid worth RMB 292 million ($45 million) for a reduction furnace of Xinjiang Daqo New Energy equal to an annual output of 15 GW PV modules. At the same time, the company also won another bid for a 40,000-ton high-purity crystalline silicon project reduction furnace of Yunnan Tongwei High-purity Crystalline Silicon Co., Ltd., worth RMB 177 million ($27 million). In total, the winning bids amounted to RMB 469 million ($72 million), creating another record of polysilicon reduction furnace orders for the company.

China Huaneng Group sign contract for PV & wind power projects in Luoyang:  Ruyang County of Luoyang City in Henan Province has signed five projects amounting to a total investment of RMB 4.38 billion ($0.68 billion), according to Polaris Solar Photovoltaic Network News. Among them is the Huaneng Group’s wind power and PV projects with a total investment of RMB 2.4 billion ($0.37 billion). This includes establishing clean energy power generation projects such as wind, solar and energy storage in Caidian Township, Taoying Town, Shangdian Town, Bapan Township, Baishu Township and other areas in Ruyang County. Among them, wind power and photovoltaic power generation projects amount to 200 MW. Last year,  Huaneng Group signed a framework agreement with the People’s Government of Zalut Banner to build 1 GW solar, wind and storage capacity (see China PV News Snippets: EGing PV, GCL, Huaneng)

Chint Solar signs 882 million monocrystalline silicon wafers order with Hongyuan New Materials: Chint announced that many of its subsidiaries have signed monocrystalline silicon wafer procurement contracts with Shangji Automation subsidiary, Hongyuan New Materials. As per the contract, from 2021 to 2023, Chint Solar will purchase 882 million monocrystalline silicon wafers (with a fluctuation of no more than 10%) from Shangji Automation and the actual purchase price will be negotiated on a monthly basis. The distribution of the purchase is such that the company will purchase about 210 million pieces in 2021, 336 million pieces in 2022, and 336 million pieces in 2023. It is estimated that the contract value will be about RMB 4.059 billion ($0.63 billion) in three years. Chint Solar’s Baohua He will talk about ‘Advanced Solar Modules for Utility-Scale Solar Applications’ on the second day of the TaiyangNews Advanced Solar Module Conference on Jan. 27/28. To see the full agenda and for registration, click here.

Detailed discussion on 210mm wafer-based modules at TaiyangNews Conference: On the first day of TaiyangNews Advanced Solar Module Conference, the focus will be on the largest variety – 210mm wafer-based modules. The Executive Panel Discussion will explore in depth the Standardization of High Performance Modules & its LCOE Advantages, and will see participation from Gonazalo De La Vina, Head of Europe at Trina Solar; Leon Zhuang, Global Marketing Director at Risen Energy and Dr Xusheng Wang, Sr. Director Global Product Management and Technology Integration at Canadian Solar. The opening talk on “Tips & Tricks – How to Advance Solar Modules” will be given by Anis Jouini, Head of Solar at the French national solar institute INES, one of Europe’s leading PV research centers. Join us and take part in this interesting discussion. Register Now for Free (see TaiyangNews Virtual Conference on Advanced Solar Modules)

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