China PV News Snippets: Solargiga, Huasun Energy, Jolywood

Solargiga to acquire 17.8% equity of Yueyang PV Technology: In an announcement, Chinese integrated solar PV company, Solargiga Energy Holdings Limited, said that its wholly-owned subsidiary, Jinzhou Yangguang, will be acquiring 17.8% equity interest in Jiangsu Yueyang Photovoltaic Technology for RMB 24.2 million ($3.74 million). With this acquisition and with the increase in market demand for photovoltaic modules, Solargiga expects its manufacturing base to produce modules in large quantities. Earlier this year, Solargiga had reported  annual 2020 revenues going up 37% to a total of RMB 6.065.2 billion ($936 million), compared to a little more than RMB 4.4 billion a year back (see Solargiga Improves 2020 Annual Revenues By 37%)

Huasun Energy M6 12BB HJT module obtains TüV certification: Huasun Energy’s module product using heterojunction cells has successfully passed the test and certification of testing and certification organization TüV SÜD, the Chinese company said in an announcement. The company also went on to add that this certification is the first HJT module product certification with 12BB grid line M6 size in the photovoltaic industry. Last month, Huasun officially commissioned its 500 MW heterojunction (HJT) cell-module production capacity calling it the ‘world’s 1st low-cost intelligent mass-produced HJT project’ (see Huasun Achieves 24.39% Highest Efficiency For HJT Cell)

Energy China Group & Qinghai Haixi sign 4000 MW wind-solar agreement: Energy China Group and the Haixi Prefecture People’s Government of Qinghai Province have signed a 4,000 MW wind-solar hydrogen storage integration project investment cooperation agreement. The integrated project involves photovoltaic power generation, wind power generation, electrochemical energy storage, hydrogen energy and other construction content, with a total investment of RMB 21.4 billion ($3.31 billion). Once the project is completed, the average annual power generation will be 6.5 billion KWh, which can reduce carbon dioxide emissions by an average of 5.38 million tons per year, Energy China Group said in an announcement.

Jolywood announces 2020 annual report and 2021 first quarter report: Bifacial solar cell & module manufacturer and leading backsheet supplier Jolywood announced that in 2020, it has achieved a total operating income of RMB 5.08 billion ($0.79 billion), an increase of 46.2% year-on-year. As of the end of the reporting period, the company already has an annual output of 2.1 GW N-type monocrystalline cells. Meanwhile, Jolywood also released its first quarter report for 2021, in which the company achieved a total operating income of RMB 1.131 billion ($0.17 billion), a year-on-year increase of 144.66%. The company said that the increase in production capacity of backsheet films, cells and modules, coupled with a significant growth in revenue from the photovoltaic application system business, jointly contributed to the first quarter’s performance. Jolywood is a silver sponsor of TaiyangNews’ Very High-Power Solar Modules Virtual Conference on May 17/18. The SNEC Preview event will discuss the latest prime products of leading PV suppliers – and Jolywood will also present its latest product updates. Free registration here.