Chinese PV Industry Quick: Canadian Solar, Aiko Solar to invent novel factories
Canadian Solar says its novel 14 GW vertically built-in cell and module manufacturing facility will require an funding of CNY 9.63 billion ($1.33 billion), whereas Aiko Solar says this might possibly possibly well well also merely make investments CNY 9.97 billion in a 10 GW facility.
Vincent Shaw and Valerie Thompson
Image: Canadian Solar
Canadian Solar has unveiled plans to make investments in a vertically built-in photo voltaic manufacturing facility in Huai’an, Anhui province. The project will comprise an annual output capacity of 14 GW for wafer cutting, 14 GW for n-kind photo voltaic cell production, and 14 GW for modules. The full funding for this project is estimated to be CNY 9.63 billion. The module producer stated it needs to invent the flexibility in three phases, with the first segment starting in March.
Aiko Solar stated this might possibly possibly well well also merely initiate building a 10 GW manufacturing facility in Jinan, Shandong province, to non-public benefit-contact photo voltaic cells and modules. The full funding is anticipated to succeed in CNY 9.978 billion. The company plans to invent two extra phases for a complete of 30 GW.
Flat Glass Neighborhood stated it is launching a half repurchase program valued between CNY 300 million and CNY 600 million. It stated this might possibly possibly well well also merely spend the repurchased shares for incentives and employee stock ownership schemes. It stated the associated price per half is potentially not better than CNY 30 per half. The concept shall be exact for six months.
Current convey
China Huaneng Neighborhood stated that it has resumed work on a put of 222 renewable vitality initiatives, with a mixed installed capacity of shut to 35 GW. Projections counsel that trusty thru 2024, China Huaneng will allocate roughly CNY 150 billion to investments in renewable vitality.
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