Canadian Solar states its brand-new 14 GW vertically incorporated cell and module factory will need a financial investment of CNY 9.63 billion ($1.33 billion), while Aiko Solar states it will invest CNY 9.97 billion in a 10 GW center.
February 28, 2024 Vincent Shaw and Valerie Thompson
Image: Canadian Solar
Canadian Solar has actually revealed strategies to purchase a vertically incorporated solar factory in Huai'an, Anhui province. The task will consist of a yearly output capability of 14 GW for wafer cutting, 14 GW for n-type solar battery production, and 14 GW for modules. The overall financial investment for this job is approximated to be CNY 9.63 billion. The module maker stated it wishes to construct the center in 3 stages, with the very first stage start in March.
Aiko Solar stated it will begin developing a 10 GW factory in Jinan, Shandong province, to produce back-contact solar batteries and modules. The overall financial investment is anticipated to reach CNY 9.978 billion. The business prepares to construct 2 more stages for an overall of 30 GW.
Flat Glass Group stated it is releasing a share redeemed program valued in between CNY 300 million and CNY 600 million. It stated it will utilize the bought shares for rewards and staff member stock ownership plans. It stated the cost per share will not be higher than CNY 30 per share. The strategy will stand for 6 months.
China Huaneng Group stated that it has actually resumed deal with a set of 222 renewable resource efforts, with a combined set up capability of near 35 GW. Forecasts recommend that throughout 2024, China Huaneng will designate around CNY 150 billion to financial investments in renewable resource.
This material is secured by copyright and might not be recycled. If you wish to work together with us and wish to recycle a few of our material, please contact: editors@pv-magazine.com.
