Chinese PV Industry Brief: Lower wafer costs, module purchase, and also a brand-new assembly line

• Sveck, China's leading vendor of EVA movies for PV modules, has actually disclosed strategies to checklist shares in Shenzhen. China Guangdong Nuclear Power Corp. has actually picked Longi as well as EGing to specifically provide 238 MW as well as 112 MW of panels for its projects, with Longi likewise revealing wafer cost cuts. Jincheng Machinery, at the same time, has actually begun elevating funds to establish a brand-new assembly line.

Risen Energy stated on Friday that it intends to dilate its Changzhou Sveck Photovoltaic New Materials Co. (Sveck) system. Sveck-- among China's biggest vendors of EVA movies for PV components-- is currently anticipated to listing shares on the Shenzhen Growth Enterprises Market. According to PV InfoLink, Risen Energy rated No. 7 in international photovoltaic panel deliveries in 2019. The Shenzhen-listed PV module maker presently holds a 70.84% risk in Sveck.

China Guangdong Nuclear Power Corp. (CGNPC) stated today that PV module manufacturers EGing as well as Longi Solar are the victors of the initial stage of its central panel purchase prepare for 2020. EGing safeguarded an agreement to provide 112 MW of its 280 W multicrystalline items for RMB1.313 ($0.184) per watt. Longi will certainly supply 238.9 MW of its 440 W monocrystalline panels at a rate of RMB1.49 per watt. EGing will certainly provide the panels by mid-August, while the target date for Longi is mid-July.

Longi additionally exposed brand-new rates for P-type mono PERC wafers on Monday. The price for M6 (166/233mm) items-- with a density of 175μm-- is currently evaluated RMB2.62 ($0.367) each, down RMB0.15. The cost for 158.75/ 233mm G1 wafers, at the same time, is currently at RMB2.53 each, down RMB0.15. The adjustments note the business's 5th such cost decrease because March 25. Over the past 2 months, costs for its M6 as well as G1 wafers have actually fallen by 23.8% and also 23.2%, specifically.

Jincheng Machinery claimed on Saturday that it intends to elevate RMB380 million with a personal offering of shares. It intends to spend the majority of the funds-- around RMB285 million-- in the advancement of a brand-new plasma-enhanced chemical vapor deposition (PECVD) modern technology for the manufacturing of heterojunction solar cells. The Shanghai-listed PV production-equipment producer will certainly utilize the staying total up to support its functioning funding.

Power Construction Corp. of China (Power China) claimed recently that the it has actually authorized an agreement with Zambia National Electricity Co. (ZESCO) to construct 600 MW of solar PV ability in the African country. The $548 million project will certainly contain 3 200 MW solar PV terminals, in addition to sustaining power transmission facilities, in Zambia's Chibombo, Chirundu, and also Siavonga areas. The 3 projects are set up for conclusion within the following 12 months.

China Solar is readied to handle a brand-new capitalist. On Friday, home mogul Cheung Shun Lee laid out reverse-takeover strategies that can see his Happy Fountain organisation take a 6% risk in a revitalized, reorganized variation of the firm. Under the regards to the proposition-- which still requires to be authorized by China Solar investors-- building and construction expert Shuifa would certainly take a near-75% risk in business, complying with the issuance of HK$ 560 million (US$ 72 million) of brand-new shares.

GCL New Energy investors elected on Thursday to accept the long-delayed sale of 294 MW of PV capability in China to state-owned China Huaneng. The offer will certainly elevate RMB1.08 billion for GCL New Energy and also will certainly get rid of an extra RMB2.66 billion of responsibilities from the solar developer's financial debt heap.