Kelin Electric said it plans to raise up to CNY 1.46 billion through a private placement, with CNY 1.26 billion allocated for a 1 GW perovskite solar module project in Hangzhou, Zhejiang province. The remaining CNY 200 million will be used for working capital. The move follows Kelin’s earlier progress in perovskite technology, with its subsidiary Hangzhou Keno launching trial production of a 100 MW large-area perovskite module pilot line in November 2024. The company aims to scale up its operations with the new 1 GW project.
Drinda New Energy has recorded CNY 9.95 billion in revenue for 2024, down 46.66% year on year. The company posted a net loss of CNY591 million, marking a 172.47% decline. Despite the financial downturn, Drinda’s solar cell shipments grew 12.62% year on year to 33.74 GW. N-type cell shipments made up over 90% of the total at 30.99 GW, a 50.58% increase from the previous year. The company also highlighted efficiency gains, with its average mass production conversion efficiency improving by more than 0.5 percentage points and non-silicon costs per watt dropping by about 30%.
China Datang Group has announced plans to develop two new energy projects in Hunan province. The company will invest CNY 300 million in a 60 MW agri-photovoltaic (forest-solar) project in Yongzhou and CNY 1.253 billion in a 220 MW aquaculture-solar hybrid project in Changde.
China Resources New Energy has secured approval for its initial public offering application on China’s main stock exchange. According to its prospectus, the company aims to raise at least CNY 24.5 billion after deducting issuance expenses, with the funds directed toward wind and solar power projects. As of September 2024, China Resources New Energy operated assets across 30 provinces, with a total grid-connected capacity of 28.2 GW to 21.6 GW from wind power and 6.6 GW from solar power.
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.
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.