Jinzhou Yangguang Energy (Jinzhou Yangguang), a subsidiary of China’s Solargiga Energy Holdings, has agreed to buy a 17.8% stake in Jinzhou Yangguang Motech Renewable Energy (Jinzhou Motech) from Motech Suzhou Renewable Energy for CNY 9.96 million (US$1.58 million), in a cash transaction.
The Asian companies will form a joint venture in India to execute the plan. The project’s total investment is expected to be around US$930 million, which will be used for the production of solar PV ingots, wafers, cells, modules and batteries.
The Algerian manufacturer will distribute its modules mainly to the Algerian market, but also in other African countries, including Senegal, Ivory Coast and Benin.
In the past financial year, the Chinese solar manufacturer and project developer implemented a plan to expand activities in the downstream solar sector, while downsizing its wafer manufacturing. In the future, Comtec will focus on its 156mm x 156mm “Super Mono” wafer business, and will ship no more than 500 MW per year.
Longi Green Energy Technology Co., Ltd has announced plans to build a 228 MW solar PV project in China. The Chinese vertically integrated solar PV manufacturer has also signed a 39,600 metric ton (MT) high purity polysilicon agreement with Daqo New Energy Corp.
The U.S.-based power giant has announced that it is the mysterious counterparty that will be supporting JinkoSolar’s foray into U.S. manufacturing, and Jinko has revealed that its Florida factory will have a 400 MW annual capacity.
pv magazine teams up with solar market analysts at IHS Markit to run through the top 10 crystalline silicon cell manufacturers of 2017, and the events that shaped their market landscape throughout the year.
The group of scientists has identified a new process by which holes get trapped in nanoparticles made of zinc oxide.
The German system manufacturer continues to work on its major orders from China. If everything goes according to plan, Singulus expects further growth in sales and profits this year.
The German solar PV equipment manufacturer has confirmed its preliminary figures for the past year. The record sales registered in 2017 could be increased even further this year.
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