China PV News Snippets: Pingli, Zhongli, Datang, LONGi

Pingli Signs PV Project Agreement With China Huaneng; Zhongli Subsidiary Signs RMB 215.6 Mn Contract; Datang Announces 2021-22 PV Project Winners; LONGi To Publicly Issue RMB 7 Bn Convertible Bonds; Shuangliang Signs RMB 2.251 Bn Furnace Purchase Deal

China PV News Snippets: Pingli, Zhongli, Datang, LONGi

Out of the RMB 7 billion convertible bonds that LONGi has announced to publicly issue, RMB 4.77 billion will be used for a 15 GW high-efficiency monocrystalline cell project in Xixian Leye. (Photo Credit: LONGi)

  • Pingli County, Shaanxi Province signed three projects with a total investment of RMB 2.35 billion ($0.36 billion)
  • Zhongli Group wholly-owned subsidiary Zhongli Talesun Hong Kong to sell 127 MW of PV modules to CPV for a total amount of RMB 215.6 million ($ 33.4 million)
  • Datang Group announces winners for the procurement of PV modules, central inverters and string inverters for PV power projects in 2021-2022
  • LONGi intends to publicly issue RMB 7 billion ($1.09 billion) convertible bonds to be used for new cell factories
  • Shuangliang Silicon Materials (Baotou) signs monocrystalline furnace procurement contracts with JSG and Liancheng Kaixue Technology Co., Ltd.

Pingli signs composite PV project with China Huaneng: Pingli County, Shaanxi Province signed three projects with a total investment of RMB 2.35 billion ($0.36 billion) at the Fifth Silk Road International Expo and China East-West Cooperation and Investment and Trade Fair, a Polaris Solar Photovoltaic Network News stated. Among them, Pingli County and China Huaneng have signed a composite PV^ power generation project with a total investment of RMB 1.2 billion ($0.19 billion). This project complements various forms of agricultural photovoltaics, forestry photovoltaics, tea garden photovoltaics so as to establish a distributed and composite photovoltaic town, and develop photovoltaic new energy industries.

Zhongli Talesun signs RMB 215.6 mn PV module supply contract: Solar module supplier Zhongli Group announced that its wholly-owned subsidiary Zhongli Talesun Hong Kong Limited has signed a contract with CPV Maple Hill Solar, LLC for the supply of 127 MW of photovoltaic module for a total amount of RMB 215.6 million ($ 33.4 million).

Datang announces 2021-22 PV project winners: Datang Group announced the winners for the procurement of PV modules, central inverters and string inverters for PV power projects in 2021-2022, a news report stated. Huawei won the bid for string inverters, where the estimated total demand is 3750 MW, with the first purchase at 2250 MW and a reserve at 1500 MW. Sineng Electric won the bid for centralized inverters, whose estimated total demand (distributed inverters as an alternative) is 1,250 MW, and the first batch of purchases will be 750 MW and 500 MW will be reserved.  LONGi won the bid for photovoltaic modules, where the estimated total capacity of photovoltaic modules is 5000 MW, of which 3000 MW will be purchased in the first batch, and the reserve capacity is 2000 MW.

LONGi to publicly issue RMB 7 bn convertible bonds: Chinese vertically integrated solar PV company LONGi announced it intends to publicly issue RMB 7 billion ($1.09 billion)  convertible bonds for 20 GW monocrystalline high-efficiency cell production capacity. The net proceeds, after deducting the issuance expenses, will be used for the following investment projects:

  • RMB 4.77 billion for 15 GW high-efficiency monocrystalline cell project in Xixian Leye,
  • RMB 1.08 billion for 5 GW high-efficiency monocrystalline cell project in Ningxia Leye (the first phase will be of 3 GW), and
  • RMB 1.15 billion to supplement working capital.

At the recently held TaiyangNews Virtual Conference on Very High-Power Solar Modules, Jason Yan of LONGi Solar presented analysis on the value of very high-power modules based on LCOE, starting with the motivation behind promoting a high-power solar modules, ranging from reducing LCOE, BOS, module cost while ensuring stability of energy yield (see Day 1: TaiyangNews Very High-Power Solar Modules Conference)

Shuangliang signs RMB 2.251 bn furnace purchase deal: In an announcement, China headquartered solar PV production equipment maker Shuangliang Eco-Energy announced that its wholly-owned subsidiary Shuangliang Silicon Materials (Baotou) has signed a monocrystalline furnace procurement contracts with JSG and Liancheng Kaixue Technology Co., Ltd. (a wholly-owned subsidiary of Dalian Liton NC Machine Co., Ltd.) for a contract value of RMB 1.405 billion ($0.22 billion) and RMB 846 million ($131.39 million) respectively. The Czochralski monocrystalline furnaces will be used in the company’s Baotou large-size monocrystalline silicon wafer production project.

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