China PV News Snippets: Risen, J.S.Machine, CECEP, Ningxia

Risen To Supply 210 Bifacial Module To US; J.S. Machine To Increase SC-SOLAR Capital; CECEP Signs Agreement With Chongyang; China Three Gorges To Invest In Beijing Enterprises; SF Express To Invest In PV

China PV News Snippets: Risen, J.S.Machine, CECEP, Ningxia

With Ningxia Jiaze New Energy partnering with People's Government of Jixi City and CRRC Wind Power, the company will be investing RMB 26 billion in a joint venture to build a new energy demonstration base and equipment manufacturing industrial park in Jixi City. It will invest in both wind and solar power plants. (Photo Credit: Ningxia Jiaze New Energy)

  • Risen Energy to supply 480 MW of bifacial modules to Global Energy Generation in the US
  • S.Machine to invest RMB 378 million in its wholly-owned subsidiary SC-SOLAR
  • CECEP to invest RMB 1 billion to build 198 MW agricultural PV capacity in Chongyang County
  • Beijing SASAC introduces China Three Gorges Corporation as a strategic investor of Beijing Enterprises
  • Ningxia Jiaze New Energy signs new energy industry cooperation framework agreement with the People’s Government of Jixi City, and CRRC Wind power
  • SF Express to invest in PV projects to achieve its carbon reduction goals between 2021 and 2030

Risen to supply 210mm bifacial module to US: Chinese solar PV module producer Risen Energy announced that it will supply 480 MW of bifacial modules to Global Energy Generation LLC, a leading developer of renewable energy projects. The modules provided will be 540 W and 545 W 210 series bifacial modules and will be used in the first phase of the Mammoth project in Indiana, USA. The project is scheduled to be connected to the grid in 2023. Last month, Yifeng Song of Risen Energy had spoken in detail about 210 mm high-power modules for various applications (see Yifeng Song, Risen Energy on 210mm High-Power Modules for Various Applications)

J.S. Machine to increase SC-SOLAR capital by RMB 378 mn: In an announcement, J.S.Machine said that it intends to raise funds from a non-public offering of shares to invest in Advanced Photovoltaic Module Equipment Expansion Project and Core Equipment R&D Project for the Preparation of Heterojunction and Perovskite Laminated Cells. Once the funds are raised, the company will use RMB 378 million ($58.83 million) to increase the capital of its wholly-owned subsidiary SC-SOLAR. With this increase, the registered capital of SC-SOLAR will rise from RMB 80 million ($12.45 million) to RMB 458 million ($71.28 million).  Recently SC-SOLAR had signed a technology cooperation development agreement for perovskite tandem cells (see China PV News Snippets: GoodWe, Jinergy, J.S.Machine, GCL)

CECEP signs new energy project agreement with Chongyang: In an announcement, CECEP Solar Energy Technology said that the company has signed a new energy project strategic cooperation agreement with the People’s Government of Chongyang County. As per the agreement, the company will invest RMB 1 billion ($0.16 billion) to build a new 198 MW agricultural PV power station in the county. The project will be implemented in 2 phases – in the first phase a 98 MW agri PV project in Shaping Town will be built for RMB 500 million ($77.81 million); while in the second phase, a 100 MW agri PV project will be built for RMB 500 million ($77.81 million).

China Three Gorges to invest in Beijing Enterprises: In an announcement, Beijing Enterprises Holdings Limited said the State-owned Assets Supervision and Administration Commission of People’s Government of Beijing Municipality (Beijing SASAC) has introduced China Three Gorges Corporation as a strategic investor of Beijing Enterprises. This is being done with a view to better implement the national development strategy of the Yangtze River economic region and the high-quality green development of the capital. Beijing Enterprises is wholly-owned by Beijing SASAC.

Ningxia Jiaze partners with Jixi & CRRC: In an announcement, Ningxia Jiaze New Energy said that it has signed a new energy industry cooperation framework agreement with the People’s Government of Jixi City, Heilongjiang Province and CRRC Wind power. As per the agreement, Jiaze New Energy will invest RMB 26 billion ($4.05 billion) in a joint venture with CRRC Wind Energy to build a new energy demonstration base and a new energy equipment manufacturing industrial park in Jixi City, and will also register a RMB 10 billion ($1.56 billion) scale new energy industry development fund in Jixi City before October 1, 2021. Major investment and construction projects include approximately 1,000 MW of photovoltaic projects and 2,000 MW of wind power projects, etc.

SF Express to invest in PV: In a recently released white paper – Carbon Target White Paper 2021SF Express highlights how it intends to achieve its carbon reduction goals through a number of methods between 2021 and 2030. Among others, SF Express will invest in PV in suitable industrial parks, and gradually increase the application of new energy logistics vehicles to change the type of energy use. The company has specifically mentioned the carbon reduction measures involved in the construction of a smart energy management and control platform at Ezhou Huahu Airport.

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