Image: Avi Waxman, Unsplash
Power Construction Corp. From China (Powerchina) has canceled its 51 GW Solar Module Framework -Round round for 2025 because changes in Chinese Renewable Energy Policy policy have influenced the purchase requirements. In a statement of 9 April, the company said that bidders could contact the procurement agency to pick up their bidding guarantees. The movement stops what the largest tender for the solar module would ever have been, entirely for N-type modules. The purchasing process, which started in November 2024, attracted 58 bids, with average quotes of CNY 0.68/W for Topcon modules and CNY 0.773/W for HJT modules. The purchasing round of the State of Engineering Giant-Gelanced in November and of comparable scale-werd completed in February without a cancellation message, so that questions were raised about the future of other components of the initiative.
Deye reported a strong series of provisional results for the tax year 2024, with a net profit with 64.8% to CNY 2.95 billion and turnover climbs with 49.7% to CNY 11.2 billion. The profit per share was CNY 4.75. The manufacturer of inverter and energy storage equipment attributed his growth to the robust demand for storage products, in particular in emerging markets, where the limited grid infrastructure has stimulated demand. In Europe, rising electricity prices have also stimulated the approval of storage solutions. Deye noted a strong momentum in the integrated sale of storage formers and battery packages, as well as a significant improvement in the household appliances division.
Sineng Electric said that the Shenzhen Stock Exchange has accepted its application to issue new shares to specific investors. The company is planning to collect CNY 1.65 billion, according to the 2023 fundraising prospectus. The net yield will finance three strategic initiatives: a production line of 25 GW string inverter, a 15 GW Energy Storage Inverter facility and a boost for working capital. This step is part of Sineng Electric’s plans to expand the production capacity in response to the growing global demand for integrated solar and storage solutions.
This content is protected by copyright and may not be reused. If you want to work with us and reuse part of our content, please contact: editors@pv-magazine.com.
Popular content
