Haitai, Jinchen announce new solar factories in China – pv magazine International

Haitai Photo voltaic has introduced plans to take a position 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 development inside three months, with completion in one other 9 months.

The photo voltaic panel maker says it’s funding the challenge itself. In August, it introduced the launch of the preliminary public providing on the Beijing Inventory Alternate. 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 gear producer for names comparable to JinkoSolar, JA Photo voltaic, Longi, and Trina Photo voltaic.

In a separate improvement, China PV manufacturing gear producer Jinchen mentioned it intends to boost CNY 1 billion by a personal placement of shares. It mentioned it needs to take a position CNY 410 million to develop manufacturing at its manufacturing unit in Suzhou, China. The corporate mentioned it would additionally make investments CNY 310 million within the improvement of latest manufacturing strains for heterojunction cells and modules, whereas allocating a further CNY 280 million for working capital.

Jin Chen acquired 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 listing of producers who’ve positioned orders consists of many of the huge names within the Indian business.