PetroChina reveals results of 4.5 GW procurement tender

• The energy firm will certainly buy panels from JinkoSolar, Risen Energy, Canadian Solar, JA Solar, GCL Integration and Longi. Elsewhere, Xinyi Solar and Golden Solar have both revealed new transactions to strengthen their organization.

Energy company PetroChina has introduced the results of a tender it held to procure 4.5 GW of solar panels. Six module makers were chosen as favored bidders with JinkoSolar safeguarding the biggest order, for 1.85 GW of panels, complied with by Risen Energy and Canadian Solar, which safeguarded 1.11 GW and 740 MW, respectively. The various other effective bidders were JA Solar, GCL Integration, and Longi, with orders for 400MW, 240MW and 160MW of items, respectively. According to PetroChina, the panels will have a power output ranging from 445-540W and will certainly be utilized for solar ranches planned in 24, mostly northern Chinese provinces. PetroChina had released three sub-tenders in the workout last month, for the northwest, northeast and north of the nation, with capabilities of 2.6 GW, 1.1 GW and 800MW, respectively.

PV module glassmaker Xinyi Solar has completed sale and purchase agreements over the last five days with associated Xinyi businesses which will certainly bring in up to RMB95.6 million (US$ 15 million) this year however devote it to invest approximately RMB334 million (US$ 52.5 million), plus a more RMB15 million (US$ 2.36 million) yearly for the following two years. The revenue relates to an agreement to supply up to 600,000 tons of silica sand this year to supplier Xinyi Glass, whose significant investors additionally control Xinyi Solar. That arrangement, revealed yesterday, will certainly net Xinyi Solar up to RMB95.6 million, up from the RMB66.2 million (US$ 10.4 million) ceiling set last year. Beyond of the scale, Xinyi Solar accepted buy up to 130,000 tons of low-iron silica suitable for use in solar panels from Xinyi Glass this year, with a ceiling value of up to RMB45.6 million (US$ 7.17 million). Xinyi Solar also, on Wednesday, accepted pay Xinyi Glass subsidiary Wuhu Jisanshi approximately RMB235 million (US$ 37 million) this year for manufacturing equipment, up from RMB232 million (US$ 36.5 million) last year, and will certainly additionally invest as much as RMB26.6 million (US$ 4.18 million) on approximately 10,000 tons of Xinyi Glass float glass to be utilized for the back of photovoltaic panels. On top of that, Xinyi Solar will use up to 80,000 m2 of Xinyi Glass building items for its structures this year. The RMB38.2 million (US$ 6 million) overall cap on those two agreements is less than a 3rd of the RMB125 million (US$ 19.7 million) degree established last year. Xinyi Solar likewise dedicated, on Friday, to pay the Xinyi Energy business as much as RMB15 million this year, to handle its solar parks, with the exact same ceiling concurred for next year and 2024.

Slippers-to-air conditioning organization Golden Solar on Thursday put 50 million shares to increase a projected net HK$ 498 million (US$ 63.9 million). The company, which is switching its emphasis to heterojunction (HJT) solar manufacturing, claimed it will certainly invest HK$ 192 million (US$ 24.6 million) on basic materials and below having fees to create cast monosilicon wafers and solar modules. Some HK$ 75 million (US$ 9.62 million) will be invested in modifying spreading silicon heating systems and HK$ 60 million (US$ 7.69 million) will certainly be committed to various other "peripheral" production devices. Golden Solar claimed HK$ 18 million (US$ 2.3 million) would certainly fund production equipment for adaptable solar modules and HK$ 3 million (US$ 385,000) would be invested in the associated raw materials. With the company having actually announced, on Wednesday, progression with four partners on a joint endeavor to create an HJT cell production line in the Zhangjiakou Renewable Energy Pilot Zone, Golden Solar added it would certainly devote HK$ 50 million (US$ 6.41 million) of the earnings of the shares issue to fill a deficiency in the planned HK$ 120 million needed for equity investments to obtain companions aboard with such projects. Golden Solar will hold a 51% risk in the JV, using solar maker Gold Stone (Fujian) Energy Co Ltd which is a linked celebration to the investment lorry which has registered for 10 countless the new supply issued by the HJT maker. Public body the State Development and Investment Corp Power Holding Co Ltd will possess 20% of the cell project with Hua Yuan Power Co Ltd holding the balance. The various other project companions are individuals's Federal government of Zhangjiakou and Zhangjiakou Zhonghe New Energy Team Co Ltd. The cells to be made at the project will include Golden Solar's actors mono wafers. The other brand-new investor in Golden Solar is Kwok Tai East International Team Ltd, which has actually signed up for 40 countless the supply positioned.

State-owned solar developer Beijing Energy International paid a small RMB5 (US$ 0.79) and presumed financial debts completing RMB5.97 billion (US$ 939 million) between December 22 and Thursday, to obtain five solar projects throughout Hebei province possessed by Wang Wuwei and Zhang Ping. The business did not disclose the total generation capacity of the projects, at least one of which seems roof mounted, and stated only that each had a generation capacity ranging from 30-400MW. The designer, serving as project principal, has separately acquired design, procurement and construction (EPC) solutions from Jiangxi Zeyue and the Wuhan Xiexin system owned by fellow solar project business GCL New Energy for a 63MW "vehicle parking dropped PV project" in Nanchang, Jiangxi province. The four-and-a-half month EPC agreement, to start tomorrow, will deserve RMB298 million (US$ 46.9 million), Beijing Energy stated on Wednesday.