Jinchen photo voltaic module manufacturing line
Picture: Jinchen Equipment
Shengcheng Photovoltaic Gear (Suzhou) Co., Ltd (SC Photo voltaic), a unit of the Chinese language industrial conglomerate JS Corrugating Equipment, agreed to supply PV manufacturing tools in in India Reliance New Vitality Photo voltaic Ltd. (RNESL), a unit of Reliance Industries headed by Mukesh Ambani. The full worth of the contract is CNY 282 million.
RNESL simply bought it a stake in German-based silicon wafer producer NexWafe GmbH as a strategic lead investor. In October 2021, it additionally acquired a 100% stake in Norway-based heterojunction module maker REC Group.
In a separate announcement, tools producer Jinchen Equipment stated it intends to lift CNY1 billion by means of a personal placement. It stated it needs to speculate CNY 410 million to develop the manufacturing capability of its manufacturing unit in Suzhou, China.
Jinchen stated it’ll additionally make investments CNY 310 million within the growth of latest manufacturing strains for heterojunction cells and modules, whereas allocating one other CNY 280 million for working capital.
This content material is protected by copyright and is probably not reused. If you wish to cooperate with us and need to reuse a few of our content material, please contact: editors@pv-magazine.com.
