China PV News Snippets: ReneSola, Maxwell, Jinko, Lingda

Renesola Bags 38 MW Solar Projects In Poland’s RE Auction; Maxwell To Build Suzhou Industrial Park; Jinkopower To Sell 70% Of Subsidiary; Lingda To Raise RMB 1.2 Bn For 5 GW Cell Production; 3 Major Taiwan Telecom Operators Enter Solar Market

China PV News Snippets: ReneSola, Maxwell, Jinko, Lingda

ReneSola Power managed to bag 38 solar utility projects of a capacity of 1 MW each in the 8th Renewable Energy Auction 2020 in Poland, which saw small scale solar PV installations take the center stage. (Photo Credit: ReneSola)

  • ReneSola Power has been awarded with 38 solar utility projects in Poland with a capacity of 1 MW each in the recently held auction
  • Maxwell has signed an investment agreement with Suzhou Wujiang Economic and Technological Development Zone Management Committee to build a smart industrial park
  • JinkoPower to sell 70% equity of its wholly-owned subsidiary, Jiande Jinko, to Zhejiang Energy for RMB 18.34 million
  • Lingda Group to use RMB 1.2 billion raised through issuance of shares to fund Geri Solar Phase II 5 GW high efficiency TOPCon production project
  • Three major operators from Taiwan – Chunghwa Telecom, Taiwan Mobile and Far East Telecom – enter the solar market

ReneSola bags 38 MW solar projects in Poland’s RE auction: Chinese solar power project developer ReneSola Power announced that it has been awarded 38 solar utility projects in Poland with a capacity of 1 MW each in the recently held renewable energy auction. The auction saw huge domination from solar PV technology (see Small Scale PV Sweeps 8th RE Auction Of Poland For 2020). All the 38 projects come under Poland’s Contract for Difference regime and are eligible for a 15-year guaranteed tariff. The winning bid price averaged approximately RMB 458.23/ MWh ($70/MWh), compared to the auction prices that ranged between RMB 334/MWh ($51/MWh) and RMB 478/MWh ($73/MWh). The projects are expected to be gird-connected within the next 2 years.

Maxwell to build facility in Suzhou: Production equipment producer for the solar cell industry Maxwell announced it has signed an investment agreement with the Suzhou Wujiang Economic and Technological Development Zone Management Committee. This agreement will see the company handle OLED panel equipment projects, high-efficiency HJT solar cell equipment projects and related vacuum processing projects to build a smart industrial park in Suzhou. Spread across 285 acres, the total investment of the project is expected to be RMB 1.5 billion ($0.23 billion). Coming to HJT, Maxwell has started offering PECVD tools. More details about HJT can be found in TaiyangNews recently published HJT Solar Technology 2020 report (see Supply Chain Getting Stronger for HJT)

JinkoPower to sell 70% of its subsidiary for RMB 18.34 mn: Clean energy provider JinkoPower said that it plans to sign an equity transfer agreement with State Power Investment Group Zhejiang New Energy Co., Ltd. The agreement will see JinkoPower sell 70% equity of its wholly-owned subsidiary Jiande Jinko to Zhejiang Energy for a consideration of RMB 18.34 million ($2.0 million). Jiande Jinko is the operating platform for the 20 MW agricultural photovoltaic power generation project in Zhejiang.

Lingda to raise RMB 1.2 bn for 5 GW cell production: In an announcement, Lingda Group (formerly known as Dalian East New Energy Development) said that total funds raised through issuance of shares is expected to be around RMB 1.2 billion ($.18 billion). The raised funds will be used for Geri Solar Phase II 5 GW high efficiency TOPCon production facility and supplementary working capital. It was few months back that Lingda acquired 70% of the equity of Geri Solar (see China PV News Snippets: Risen, GCL, Lingda)

3 major Taiwan telecom operators enter solar market: 3 major operators from Taiwan –  Chunghwa Telecom, Taiwan Mobile and Far East Telecom – have entered the solar market, according to Polaris Solar Photovoltaic Network News, which quoted Taiwan media reports. Taiwan Mobile announced that it plans to invest tens of billions of Taiwan dollars in self-built solar power plants and will be the first operator of such self-built plants in Taiwan. Meanwhile Chunghwa Telecom stated that the company had begun investing in solar energy 7 years ago and has built over 470 solar power plants. Far East Telecom added that it had established Xutian Energy in 2018 to foray into the solar energy industry and assist partners in the construction of solar power plants.

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