Deye, a Chinese inverter manufacturer, says it will invest $150 million to build a new manufacturing facility in Malaysia.
Deje said it has received board approval to set up a wholly owned subsidiary in Malaysia and invest up to US$150 million to build a manufacturing base. The inverter supplier said the facility will focus on PV equipment and energy storage batteries. However, the company did not reveal specific details about the project timeline or production targets.
China Southern Power Grid has announced the results of the first batch of PV module tenders for 2024, with bid prices ranging between CNY0.668 ($0.092)/W and CNY0.703/W. Longi, Das Solar, JA Solar, Trina Solar and Yingli won the tender for 2.5 GW modules, which was divided into three sections. The tender included 1,000 MWp for the first part, 800 MWp for the second part and 700 MWp for the third part. Of the total, 250 MWp were single-glazed modules, while the remaining 2,250 MWp were n-type bifacial double-glazed modules. Deliveries will take place according to the regular market technologies agreed upon by the parties.
Chinas Ministry of Industry and Information Technology (MIIT) has reported strong performance in the country’s PV manufacturing sector for the January-October period. Production of polysilicon, wafers, cells and modules all increased by more than 20% year-on-year, while solar cell exports rose by more than 40%. Polysilicon production reached about 1.58 million tons, an increase of 39%. Wafer production totaled 608 GW, with exports of 53.2 GW. Solar cell production amounted to 510 GW, while exports accounted for 45.9 GW. Meanwhile, module production reached 453 GW, while 205.9 GW was exported.
CHN energyGD Power’s subsidiary GD Power said it has received board approval to proceed with a 500 MW offshore solar project in Changli, Hebei province. The array, which received local administrative approval in November 2023, will require a total investment of CNY 2.59 billion, of which 30% should be financed with equity and the rest with bank loans.
Maxwell Technologies has announced the completion of its new manufacturing facility, which will supply equipment for 40 heterojunction (HJT) cell production lines per year. The CNY 2.3 billion project will enable Maxwell Technologies to meet growing demand for its proprietary HJT production equipment, including PECVD and PVD vacuum coating systems, as well as automation tools. With each production line capable of supplying 1.2 GW of HJT cells per year, the new facility will add 48 GW of annual HJT line supply capacity.
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