Arctech Solar signed an settlement with Energy China International Engineering on the 2024 International Engineering Supply Chain Development Conference to offer Skyline II monitoring methods for a 2.3 GW photo voltaic challenge in Saudi Arabia. The system is designed to deal with the area’s difficult desert terrain and robust winds. The challenge is predicted to generate 156.2 TWh over 25 years and cut back carbon emissions by 147 million tons, contributing to Saudi Arabia’s 2060 net-zero emissions aim.
Anhui Grand Sunergy Tech mentioned its subsidiary received a bid for China Huadian Group’s second batch of 2024 centralized PV module procurement. The firm secured a 500 MW order for n-type heterojunction (HJT) bifacial modules, price CNY 392.5 million ($55.3 million), with a unit value of CNY 0.785/W. China Huadian’s second procurement batch totaled 16 GW, divided into three tons, with Lot 2 reserved for high-efficiency n-type HJT modules with a conversion effectivity of greater than 22.6%.
The Shanghai Stock Exchange introduced the closing of SAJ’s preliminary public providing (IPO) utility. The Guangzhou-based photo voltaic inverter and power storage system producer voluntarily withdrew its registration paperwork with its lead underwriter, Minsheng Securities. The IPO goals to lift CNY 1.2 billion to extend manufacturing capability to 470,000 inverters per yr, construct a brand new analysis and growth middle, and enhance advertising and marketing and operations.
The State Power Investment Corp. (SPIC) introduced the shortlisted candidates for the 52nd batch of centralized inverter procurement for 2024. The tender, overlaying a complete of 12.5 GW of inverters, awarded contracts to Sineng for 1.75 GW, Kstar for 875 MW, TBEA for 1 GW, Sungrow for 4.5 GW, and CNBM Xinyun, an agent of Huawei inverters, for 3.5 GW. An unspecified state-owned enterprise from Hunan additionally received a contract for 875 MW.
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