China Energy Engineering Corporation (CEEC) introduced the shortlisted candidates for the 2024 annual PV inverter procurement. Sungrow, Huawei, and Sineng every took the highest candidate positions in two of the six tender segments, with a complete of 15 GW of PV inverters. Other firms, together with Growatt, Kstar, and TBEA, are additionally listed as candidates.
The photo voltaic glass producer Xinyi Solar generated income within the first half of 2024 of HKD 12.69 billion ($1.624 billion), up 4.5% in comparison with final yr’s first half income of HKD 12.14 billion. Profit elevated by 41.0% to achieve HKD 1.96 billion in comparison with HKD 1.39 billion in the identical interval final yr. Its gross sales quantity of photo voltaic glass elevated by 12.2% year-on-year. The firm mentioned that regardless of the lower in common gross sales costs, it made optimistic outcomes as a consequence of excessive gross sales quantity, manufacturing effectivity, and value discount for some uncooked supplies and vitality. . Looking at its market, Xinyi Solar mentioned that the transition from P-type to N-type cell know-how additional will increase the penetration price of double-glass modules, making skinny glass with 2.0 mm thickness is the dominant product out there, with a market share above the normal 3.2 mm glass, though the premium on thinner glass merchandise is “nearly disappearing”. Its smelting capability as of June 30, 2024 amounted to 29,000 tons per day, of which 27,000 tons are in operation and a couple of,000 tons / day are beneath chilly processing.
Arctech Solar introduced that it has acquired approval from the Shanghai Stock Exchange’s itemizing evaluate middle for its personal placement plan. Originally submitted in April 2024, the plan permits Arctech Solar to boost as much as CNY 1.1 billion. After lowering the issuance prices, the funds might be allotted to develop the manufacturing capability of the parallel drive PV monitoring system, manufacturing assist monitoring and verification bases, a photovoltaic ancillary business park, a laboratory in analysis, and rising working capital. SDIC Securities is performing as sponsor for this providing.
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