Chinese PV Replace Brief: Tongwei unveils $4 billion upstream funding

Tongwei has announced a brand new funding procedure in Erdos, Inner Mongolia, to amplify its upstream skill. The CNY 28 billion ($3.9 billion) comprises two phases. The first section targets an annual skill of 200,000 metric tons of silicon metal and 200,000 metric tons of photo voltaic-grade polysilicon, with an funding of roughly CNY 13 billion to CNY14 billion. The 2d section goals to add one other 300,000 metric tons of silicon metal and 200,000 metric tons of photo voltaic-grade polysilicon. Every section is predicted to comprehend 15 to 18 months to complete, with the principle section expected to realize and switch into operational by the finish of 2025.

China Huadian Corp. has concluded its third 2023 central procurement round for PV panel products, awarding a complete of 8.95 GW to JA Solar, Astronergy, Das Solar, Trina Solar, and Longi. The initial 2.95 GW saw JA Solar securing 1.05 GW, Astronergy 996 MW, Trina 470 MW, and LONGi 430 MW. The last bids, totaling 6 GW, would per chance be shared amongst JA Solar, Astronergy, Das Solar, and Trina, based completely on China Huadian.