Solar manufacturer Zhonghuan Semiconductor has signed an agreement with the government of Hohhot City, Inner Mongolia, to set up a 120,000 MT polysilicon factory. The company wants to invest CNY20.6 billion (US$3.27 billion) in the new facility. The project is currently awaiting approval from the company's board of directors and relevant regional authorities.
PV wafer producer Shuangliang Eco-Energy announced this week it wants to enter the solar module business by setting up 20 GW of capacity. The company plans to invest CNY 5 billion ($794 million) in the new facility, which will be located at an unspecified location in Inner Mongolia. The first phase of the project should have a capacity of 5 GW and is set to be finalized by the end of 2023.
PV panel manufacturer Longi said this week it received an official notification from the provincial office of the National Development and Reform Committee (NDRC) of Yunnan Province, where some of its manufacturing facilities are located, that it will not be granted preferential electricity rates, as agreed with the provincial government before the construction of the factories. According to the notification, all the electricity Longi consumed in this province since Sept. 1, 2021, must be priced through electricity market-based transactions and directly settled with the local power grid company. Longi said the cancellation of the preferential electricity rates will increase production costs and negatively impact its profit margin.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
2 comments
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.