Maxwell intends to invest RMB 45 million in industrial funds: Production equipment producer for the solar cell industry Maxwell, in an announcement, stated that it will be leveraging the strength and resources of professional institutions in order to enhance its comprehensive competitiveness. With a view to further expand its business, the producer of screen printers that is also expanding into HJT equipment intends to establish an industrial fund as a limited partner. The size of the fund is RMB 100 million ($15.47 million), out of which the company, as a limited partner, will subscribe and contribute RMB 45 million ($6.96 million). Meanwhile, last month, Maxwell had announced a rise in profit in its 2020 performance forecast (see China PV Snippets: Maxwell, Sungrow, Longyuan, Trina)
Energy China Group sign 200 MW PV power generation project in Xinjiang: A Photovoltaic Network News reported that a signing ceremony for a 200 MW PV power generation project was held by Energy China Group and the Party Committee of Xinjiang 63rd Regiment. Spreading across 4,500 acres, this project will be constructed by Zhongnan Branch of Energy China. The planned investment will be RMB 900 million ($139.23 million) and the construction is expected to begin in April and end by December 2021.
Construction begins for Zhonghuan’s high-efficiency module smart factory: As per Photovoltaic Network News, one of China’s leading wafer makers, Tianjin Zhonghuan Semiconductor (TZS) has begun construction of its high-efficiency shingled module smart factory located in Bolonghu Science and Technology Park in Tianjin Binhai High-tech Zone. Covering an area of 330 acres, the planned production capacity of the factory is 6 GW. The investment for the first phase of 3 GW will be RMB 3 billion ($0.46 billion) and the annual output value is expected to touch RMB 3.7 billion ($0.57 billion).