China PV News Snippets: Tongwei, Ginlong, Yingli

Tongwei Releases May 2021 Cell Pricing; Ginlong Announces 2020 Annual & 2021 Q1 Report; Yingli Solar & Sun City Sign Cooperation Agreement

China PV News Snippets: Tongwei, Ginlong, Yingli

With Yingli and Sun City signing a strategic cooperation agreement, the companies will work together to promote the use of renewable energy in the Middle East and promote new PV applications. (Photo Credit: Zhengzaishuru/ Shutterstock.com)

  • In the May cell pricing released by Tongwei, polycrystalline Diamond Wire 157 battery was priced at RMB 0.73/W – an increase of RMB 0.03 /W
  • Ginlong Technologies announces 2020 annual report, where its operating income is at RMB 2 billion ($0.31 billion), an increase of 82.98% over the same period of the previous year
  • Yingli Energy and Sun City to Import Renewable Solar Energy Systems sign strategic cooperation agreement to jointly develop the regional renewable energy market

Tongwei releases May 2021 cell pricing: Silicon and solar cell producer Tongwei released its cell pricing for May 2021. Compared to the previous month, the polycrystalline Diamond Wire 157 mm product  was priced at RMB 0.73/W ($0.11/W), an increase of RMB 0.03 /W ($0.0046/W). Meanwhile, the monocrystalline PERC 158.75 mm cell remains at a price of RMB 0.96/W ($0.15/W); its monocrystalline PERC 166 mm cell continues to cost RMB 0.89/W ($0.14/W) as well as the monocrystalline PERC 210 cell, which remains at RMB 0.91/W ($0.14/W). In January 2021 pricing, the 210mm cell was priced at RMB 0.99/W ($0.15/W) (see China PV Snippets: Zhongli, Jinko, CSI, Tongwei, GCL, LONGi).

Ginlong announces 2020 annual & 2021 Q1 report: Announcing its 2020 annual report, solar PV inverter manufacturer Ginlong Technologies said that the company has realized an operating income of RMB 2 billion ($0.31 billion), an increase of 82.98% over the same period of the previous year. In the first quarter of 2021, the Chinese company achieved an operating income of RMB 616 million ($95.26 million), an increase of 119.04% over the same period of the previous year. As of March 31, 2021, the company’s total assets were at RMB 3.5 billion ($0.54 billion), and the net assets were 1.9 billion ($0.29 billion), an increase of 19.04% and 6.17% respectively over the end of the previous year. The main reason for the increase in Ginlong’s operating performance is continued growth during the reporting period, while it saw strong orders from domestic and foreign markets, it said.

Yingli Solar & Sun City sign cooperation agreement: Yingli Energy (China) Co., Ltd. and Sun City to Import Renewable Solar Energy Systems signed a strategic cooperation agreement to jointly develop the regional renewable energy market. According to the agreement, Sun City will purchase 25 MW PV modules from Yingli Solar in 2021 for the construction of water supply systems and other infrastructure in Yemen. Apart from this, both the companies will work together to promote the use of renewable energy in the Middle East, and promote new PV applications, actively explore the distributed solar market, and gradually strengthen in-depth cooperation in brand building and downstream development. Last year, Yingli Solar had invested RMB 1.7 billion to expand its solar module production capacity by 5 GW in China’s Hebei province (see Yingli Solar Going In For 5 GW Solar Module Capacity).

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