Tongwei said it is conducting due diligence Run energy after signing a takeover agreement. It is now assessing the financial and operational aspects of the Runergy. The CNY5 billion ($691.8 million) deal, which aims to secure at least 51% of Runergy’s shares, could still face changes or possible termination. Tongwei submitted its bid to acquire Runergy in mid-August. The plan involves using self-raised or borrowed funds to invest in Runergy and buy shares of Jiangsu Yueda, with the aim of securing at least 51% of Runergy’s equity.
UtmoLight said the 1,200mm x 600mm commercial perovskite module has obtained certification from TÜV SÜD. It says the module, made on the 150MW production line, has undergone stringent IEC61215/61730 stability testing. It has an output power of 120 W and a full-area conversion efficiency of 16.7% – the highest efficiency for an IEC-certified perovskite module to date.
PowerChina has completed the issuance of CNY 1.5 billion of green banknotes (carbon neutral bonds) on the interbank market with a five-year maturity and a coupon rate of 2.27%, setting a new low for comparable issuances since October.
Xiuqiang glassware has unveiled plans to invest up to CNY75 million to build a new production line in Thailand. This overseas expansion plan is in line with the trend of shifting PV supply chain capacity from China to Southeast Asia.
Arctech Solar has unveiled plans to raise CNY1.1 billion through a private placement. It will use the net proceeds to expand the capacity of its parallel drive tracker, build the Su Song photovoltaic component park, establish a tracking support manufacturing base in western China, open an R&D laboratory and strengthen its working capital strengthen.
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