China Three Gorges Group introduced the outcomes of its second-quarter photo voltaic module procurement train. Tongwei, Das Photo voltaic, and Chint’s unit Astronergy gained, with the bottom bid coming in at CNY 1.301/W. All bids are for modules with outputs above 545 W and their mixed capability reaches 2.25 GW. Tongwei and Chint supplied CNY 1.301/W and CNY 1.302/W, respectively, whereas Das Photo voltaic submitted a bid of CNY 1.345/W.

Integrating the GCL System (GCL SI) mentioned it intends to boost CNY 5.8 billion via a personal placement. The corporate will use CNY 3.4 billion for a 20 GW photo voltaic cell (TOPCon) capability program in Wuhu, Anhui province, and CNY 800 million for increasing its 10 GWh sensible power storage system capability in Xuzhou, Jiangsu province. It’s going to additionally use CNY 1.6 billion for working capital.

Xinyi Group says it has determined to extend its funding in Indonesia, after CNBC reported that the corporate plans to speculate $11 billion in quartz sand assets within the Rempang space of ​​Batam Island. Indonesia is a serious producer of quartz sand, which is a crucial uncooked materials for the glass and photo voltaic panel business.

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