Chinese PV Industry Brief: Giant solar-plus-storage project in the Kubuqi Desert
- The 2 GW plant is expected to be connected to a storage center with a capability of 300 MW/600 MWh. Somewhere else, makers Longi, Jinko, Trina Solar and also Chint were the winners of a 5.5 GW photovoltaic panel procurement tender held by the China Energy Investment Corporation.
Elion, a state-owned firm targeted at bring back the ecology of Inner Mongolia's Kubuqi Desert, and also fellow public entity the power company Three Gorges New Energy Co yesterday announced they will certainly establish a 2 GW solar-plus-storage project in Inner Mongolia. The Kubuqi Desert project is intended to start commercial operation by 2025. The huge plant is expected to be linked to a storage facility with a capacity of 300 MW/600 MWh.
Makers Longi, Jinko, Trina Solar and also Chint were the champions of a 5.5 GW solar module procurement tender held by the China Energy Investment Corporation. Longi was the biggest champion, securing orders for 2.75 GW of panel generation capacity; complied with by Jinko, with 1.4 GW; Trina, with 950 MW; and Chint, with 400 MW. Modules based upon 182mm and also 210mm wafers represented 79% of the orders granted.
Trading in the stock of solar programmer Shunfeng was put on hold yesterday morning pending the announcement of a "very considerable purchase." Shunfeng is selling its solar farms to pay for creditors and revealed a current-assets to obligations deficiency of RMB2.67 billion (US$ 413 million) at the end of last month.
Independent shareholders in state-controlled glassmaker Luoyang Glass will certainly vote, on October 18, on strategies authorized by the board to increase the funding of 2 subsidiaries set up to establish solar module glass production lines. Having raised RMB1.98 billion (US$ 306 million) last month with a non-public issuance of A shares, China National Structure Products Group-owned Luoyang intends to pump RMB800 million (US$ 124 million) right into its CNBM (Tongcheng) New Energy Materials Co Ltd project, as well as RMB600 million right into CNBM (Hefei) New Energy, with the RMB580 million (US$ 90 million) balance to pay for responsibilities as well as be used for working resources. The company has additionally revealed its intent to take ownership of the TG Fujian Photovoltaic Glass Co Ltd subsidiary had by a holding company established by Taiwanese glassmaker Taiwan Glass Sector Corporation to draw in investment from Chinese 3rd parties. The worth of the purchase is yet to be established, Luoyang said on Friday.
State-controlled manufacturer China Glass on Friday disclosed its energy saving as well as new energy glass service unit, which includes its photovoltaic panel products procedure, added RMB233 million (US$ 36 million) profits in the first fifty percent, of the group's overall RMB1.14 billion (US$ 176 million). That equated right into a brand-new energy service gross profit of RMB79.5 million (US$ 12.3 million), up from RMB70 million (US$ 10.8 million) in the very first fifty percent of last year.
Polysilicon supplier GCL-Poly on Tuesday rejected a report, which it stated had been brought in "press posts," that it is exploring dilating its main Jiangsu Zhongneng Polysilicon Technology Development Co Ltd organization device and detailing it separately. GCL said the troublesome press write-ups had emerged after it held a "discussion forum" with financiers on September 1.
Power transmission and also circulation equipment company Chint Group yesterday said it will certainly market installed distributed-generation solar possessions with a consolidated generation ability of 489 MW to the China State Power Investment Corporation. The value of the transaction is estimated at RMB183 million (US$ 28.4 million). Around 484 MW of the tiny range arrays will be found in Henan district, with the equilibrium assigned for Shanxi province. Chint claimed a subsidiary will certainly proceed giving operations and also upkeep solutions for the PV systems after the sale.