China Solar PV News Snippets

Astronergy's PV modules receive AAA rating; Sinopec's Yipaike evaluates product quality; Trina Solar named Top Performer by Kiwa PVEL; Akcome Technology shares face delisting; Yonz Technology to raise RMB 1.725B; Shuangliang Eco-Energy gets RMB 533M order.

Astronergy's PV modules get AAA rating from Yipaike: According to the recent Yipaike photovoltaic (PV) module quality evaluation results released by China's Quality Certification Center (CQC), Astronergy's ASTRO N5 series modules have received AAA rating. The company claims that it is one of the only 2 PV module manufacturers to receive Yipaike's AAA rating. The company says that the modules passed rigorous tests including salt spray test, damp heat test, dynamic mechanical load test, and PID test.

Sinopec launched Yipaike as an e-commerce platform for industrial products in 2015. It not only serves Sinopec's internal material procurement and supply, but also provides external procurement, sales, finance and comprehensive services. Yipaike's product quality evaluation is verified and released by the third-party CQC.

The Chint Group subsidiary recently announced that it has started installing equipment at its new 5 GW TOPCon solar module manufacturing base in Fuyang District (see China Solar PV News Snippets).

Trina Solar named Top Performer by Kiwa PVEL: Trina Solar has announced that it has been recognized as a "Top Performer" in the 2024 PV Module Reliability Scorecard by Kiwa PV Evolution Labs (Kiwa PVEL). The company says that this is the 10th consecutive year that it has achieved this feat. Kiwa PVEL's annual scorecard provides extensive data to help buyers identify high-performing manufacturers. Trina Solar's Vertex N modules, particularly the Vertex N 720W series, excelled in reliability tests, placing it among the top 2 in the industry. Trina Solar's p-type and n-type modules performed exceptionally well in the Production Qualification Program (PQP), highlighting their quality and reliability. The Vertex N 720W module, featuring TOPCon Advanced and 210 mm technology, excelled in all 7 tests, showcasing high power output, efficiency, and bifaciality for utility-scale projects.

In its recently 2023 sustainability report, Trina Solar claimed that it has reduced cell and module GHG emissions by 43% and 61% from 2020 baselines (see China Solar PV News Snippets).

Akcome Technology shares face delisting: Solar cell and module manufacturer Akcome Technology has announced that its shares might be delisted by the Shenzhen Stock Exchange. According to regulations, a company's stock risks delisting if its closing price is below RMB 1 for 20 consecutive trading days. Akcome stock has traded below RMB 1 for 13 consecutive trading days as of June 6, 2024.

Yonz Technology to raise RMB 1.725 billion: PV frame manufacturer Yonz Technology has filed a prospectus for its initial public offering and a listing on the main board. Through this share issuance, the company plans to raise RMB 1.725 billion ($238.2 million). The company plans to use RMB 1.425 billion ($196.7 million) of the proceeds for Phase I of its aluminum alloy PV frame and energy storage battery tray facility in Wuhu, Anhui. The remaining RMB 300 million ($41.4 million) will be allocated to working capital. The company says that it can add 270,000 tons of PV frame production capacity with this fundraising.

Shuangliang Eco-Energy gets orders worth RMB 533M: Shuangliang New Energy Technology (Baotou) Co., Ltd., a wholly-owned subsidiary of PV production equipment manufacturer Shuangliang Eco-Energy, has announced that it has received an order from POWERCHINA Beijing Engineering Corporation Limited. The order, worth RMB 532.7989 million ($73.56 million), aims to procure PV modules and ancillary equipment for POWERCHINA's Beijing Institute. Located in the southeast of Shangdu County, Ulanqab City, Inner Mongolia, the 1.5 GW project will be completed in one go.