Jinchen photo voltaic module manufacturing line
Picture: Jinchen Equipment
Haitai Photo voltaic has introduced plans to speculate about CNY 620 million ($91.2 million) in constructing a brand new PV module manufacturing unit in Qinhuangdao, Hebei province. The manufacturing unit has an annual capability of three GW and may produce n-type photo voltaic merchandise. The corporate goals to begin building inside three months, with completion in one other 9 months.
The photo voltaic panel maker says it’s funding the undertaking itself. In August, it introduced the launch of the preliminary public providing on the Beijing Inventory Trade. The corporate, acknowledged as a number one producer by BloombergNEF, produces photo voltaic panels beneath its personal model. It additionally produces panels as an authentic tools producer for names reminiscent of JinkoSolar, JA Photo voltaic, Longi, and Trina Photo voltaic.
In a separate improvement, China PV manufacturing tools producer Jinchen mentioned it intends to lift CNY 1 billion by means of a personal placement of shares. It mentioned it needs to speculate CNY 410 million to increase manufacturing at its manufacturing unit in Suzhou, China. The corporate mentioned it can additionally make investments CNY 310 million within the improvement of latest manufacturing traces for heterojunction cells and modules, whereas allocating a further CNY 280 million for working capital.
Jin Chen obtained practically 10 GW of photo voltaic module manufacturing orders from India final yr. It’s mentioned to have a further 8 GW beneath dialogue. The checklist of producers who’ve positioned orders consists of many of the huge names within the Indian trade.
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