PV Company News Weekly: 2020 Week 2

published: 2020-01-07 18:42 | editor: | category: News

1 Trina Solar

Trino Solar is applying for its IPO on Wednesday, January 8, where its case will be reviewed by the Stock Issuance Examination of China Securities Regulatory Commission.

Image by Gerd Altmann from Pixabay

According to the announcement, Trina Solar intends to raise USD$431,573,950 (RMB3 billion), which will be invested in the following projects:

  • US$75,525,441 (RMB525 million) is planned to be invested in the 250 MWp PV power generation leading base project;
  • US$93,651,547 (RMB651 million) is for the technological transformation and expansion projects of polysilicon, PV cells and modules;
  • US$62,865,939 (RMB437 million) is for the research and development and information center upgrade construction projects;
  • The remaining US$199,531,023 (RMB387 billion yuan) is for supplementing working capital.

 

2 Jinkopower

After waiting for more than one year, Jinkopower has officially announced the date of applying for its IPO, which is expected to be Thursday, January 9. The Stock Issuance Examination of China Securities Regulatory Commission will review its initial application for offering A-shares to the public.

 

3 China Smarter Energy

China Smarter Energy issued an announcement regarding the acquisition of the 300-MW PV project in Ningdong, Ningxia on December 31, 2019.

The parties involved in the contract did not reach an agreement regarding the extension of the final deadline. Neither were the conditions of the contracts met before the deadline. Therefore the agreement was declared invalid.

 

4 CGN New Energy

The People's Government of Ulanqab City, Inner Mongolia has issued the announcement regarding the investment plans of CGN New Energy in the region.

The company plans to invest US$2,445,585,718 (RMB17 billion) to build a 2-GW wind power parity base project and a 1-GW PV project in Huade County.

 

5 JA Solar

JA Solar Technology issued an announcement on signing a framework agreement for investment in photovoltaic cell and module production base projects with Yiwu Information Optoelectronics High-tech Industrial Park on December 31, 2019.

The company is investing in 5 GW photovoltaic cell and 10 GW module production base projects, which brings to the total of US$949,462,690 (RMB6.6 billion).

 

6 China Singyes Solar Tech

China Singyes Solar Tech has announced that, as of the date of the announcement, the company has won photovoltaic EPC project deals of about 200 MW.

The projects were distributed across China: in Guangdong, Shaanxi, Guizhou and other provinces, which brings to a total amount of the contract of about US$115,086,387 (RMB800 million) on December 27,

The won wind power EPC project deals are approximately 200 MW. The projects are located in Shaanxi, Shandong, Jiangxi and other places, involving a contract value of US$201,401,177 (RMB 1.4 billion).

The other clean energy projects involve a contract value of about US$ 57,543,193 (RMB 400 million).

The construction of these projects are scheduled to commence in 2020 and are expected to be completed by the end of December 2020.

 

7 LONGi

LONGi Green Energy Technology issued an announcement regarding the signing of an investment agreement of a 20-GW mono-Si wafer construction project in Chuxiong on December 31, 2019.

The company indicated that it has signed the investment agreement with the people’s government of Chuxiong Yi Autonomous Prefecture and the people’s government of Lufeng Count.

The parties involved have agreed that LONGi Green Energy Technology will build a mono-Si wafer plant with an annual capacity of 20 GW (a project of three phases). The total investment amount is approximately US$287,715,967 (RMB2 billion).

 

8. SunPower

US solar tech giant, SunPower, has announced a restructuring plan according to the latest changes in its business, including the spin-off company, Maxeon Solar. As part of its restructuring efforts, SunPower plans to eliminate 145-160 non-manufacturing jobs, which account for 3% of its total workforce, in 12-18 months.

 

9. Amtech Systems Inc

The U.S. production equipment supplier, Amtech Systems Inc, plans to complete its divestiture of its solar manufacturing subsidiary Tempress. This signifies the company’s exit from the solar industry.

 

10 Alternus Energy

Alternus Energy has completed its acquisition of a 11.75 MW solar park from Rilland, the Netherlands. This solar park is part of the acquisition of Zonnepark Rilland BV, which used to belong to Coöperatie Unisun Energy. The whole deal cost approximately EUR10.5 million.

 

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