Watch leaders from Jinko, GCL, Tongwei and Risen talk exclusively to TaiyangNews; Ginglong announces incentive plan; CTGR announces tender results; Sinopont’s IPO approved; Guorun to build cell and module facilities; Sunoure partners with Samsung C&T; Tongwei Yancheng facility produces first module.
TaiyangNews brings exclusive interviews from SNEC: As part of TaiyangNews and SNEC-Solar Leadership Conversations held at SNEC Dialogue & Conference & Exhibition 2023 in China’s Shanghai, Managing Director of TaiyangNews, Michael Schmela, had the opportunity to talk to several leaders from the solar industry. TaiyangNews is now publishing the videos on a daily basis. For now, the published interviews are that of GCL Founder & Chairman Gongshan Zhu, JinkoSolar Global Vice President Dany Qian, Tongwei Group Chairman Liu Hanyuan, and Risen Energy Global Marketing Director Leon Zhuang. To listen to the interesting views of these leaders, please click on this link.
Ginlong Technologies announces incentive plan: Solar inverter manufacturer Ginlong Technologies, generally know under the Solis brand, has announced its plans to allocate a total of 5.44 million shares. It also plans to grant 4.3 million shares, or 1.1% of the company’s total share capital, as share-based incentive to 232 people at a price of RMB 56.04/ share ($22.02/share). For this, the company is targeting:
- a revenue of RMB 8 billion and a profit of RMB 1.2 billion in 2023
- a revenue of RMB 10 billion and a profit of RMB 1.4 billion in 2024
- a revenue of RMB 12 billion and a profit of RMB 1.6 billion in 2025
CTGR releases 6.2 GW module tendering results: Releasing the winners for its 6.2 GW module tender, Chinese government owned hydropower giant China Three Gorges Corporation (CTG) said that:
- JA Solar has won the bid for 422 MW Wushan facility, which needs 550Wp/555Wp p-type mono-facial modules. The bidding price JA Solar quoted was RMB 1.5/W ($0.21/W)
- JinkoSolar has won the bid for 384.6 MW Chizhou facility which requires 560/565W n-type bi-facial modules. The bidding price JinkoSolar quoted was RMB 1.6/W ($0.23/W)
The other companies that won capacities in the bid include Tongwei, Risen and LONGi. In January, China Three Gorges Group had started the construction of its 16 GW large power generation project in Kubuqi desert, Inner Mongolia (see World’s ‘Largest’ Wind & Solar PV Project Coming Up In China)
Sinopont to raise RMB 1.3 billion: Solar encapsulant films producer from China Sinopont’s IPO application has been accepted. The company will be now raise about RMB 1.8 billion by issuing 75 million shares, local media reports said. The raised finds will be invested in 300 million square meters of film production and towards working capital. On another note, way back in 2020, Sinopont had partnered with Daye City for a solar encapsulation factory (see China Solar PV News Snippets)
Guorun Energy to build cell and module fabs: Private enterprise investment group in Shandong, Guorun Energy, said via WeChat that it has signed a manufacturing facility deal with Hohhot city. With this, Guorun Energy will be building a 3 GW high-efficiency HJT cell facility in the Economic and Technological Development Zone, and a 4 GW high-efficiency module facility in its northern headquarters.
Sunpure Technology joins hands with Samsung C&T: High-tech innovative enterprise specializing in PV cleaning robots Sunpure Tehnology said via WeChat that it has signed a contract with Samsung C&T, a housing construction company. With this, Sunpure will be suppling photovoltaic cleaning robots to the largest photovoltaic power station in Qatar – the Industrial City Solar Energy Project. The total capacity of the power station is 875 MW, and is expected to enter operation in 2024. This is supposed to be the first new power station in Qatar to be equipped with cleaning robots, thus maintain a standard.
Tongwei Yancheng facility produces first module: Over a WeChat communication, integrated solar PV manufacturer from China, Tongwei, said that its Yancheng PV module facility has produced its first module. Superimposed with Tongwei Solar’s high-efficiency TNC technology, this photovoltaic module is a large rectangular silicon wafer that has high power output, high bifacial gain, lower power attenuation, and better temperature coefficient.
Astronergy Haining TOPCon facility produces first module: PV module manufacturer Astronergy said via WeChat that its n-type TOPCon 8 GW cell and 12 GW module facility in Haining, which is currently in the fourth phase, has produced its first module. Haining base is considered to be Astronergy’s largest base and has achieved 17 GW cell production and 24 GW module production capacity till now. Adopting TOPCon 3.0, Astronergy Haining Phase IV plans to achieve production of the first line by 25 June this year.
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