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Home - Solar Industry - Letter from the Chinese PV industry: Longi will issue $1.38 billion in bonds
Solar Industry

Letter from the Chinese PV industry: Longi will issue $1.38 billion in bonds

solarenergyBy solarenergyJune 7, 2024No Comments2 Mins Read
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Longi says it will issue up to CNY10 billion ($1.38 billion) in bonds. It will use the funds primarily to support operational needs, replenish working capital, repay interest-bearing debt and support the construction and operation of projects.

June 7, 2024 Vincent Shaw

Long plans to issue up to CNY10 billion in bonds with a term of up to seven years. The issuance may include general corporate bonds, perpetual corporate bonds, short-term corporate bonds, technological innovation bonds and green bonds. The company said the specific terms and size of the issuance will be based on financing needs and prevailing market conditions at the time of issuance. It noted that it will use the funds primarily to meet its operating needs, supplement working capital, repay interest-bearing debt and support the construction and operation of projects.

Chinese resource power has announced the winning candidates for the second round of tenders for PV modules for 2024. It has shortlisted six companies: GCL SI, Goking, Eging PV, Tongwei, Huansheng Solar and Huayao PV. The tender round includes 1.85 GW of n-type modules, divided into three bids: 550 MW, 750 MW and 550 MW. All PV modules are n-type bifacial double-glazed monocrystalline silicon solar panels. GCL Integration was the top candidate for the first and second bids, potentially securing a total order of 1.3 GW of modules.

Haiti solar energy has started its new PV module and mounting bracket factory in Yanqi Province, Bazhou, Xinjiang Region. The CNY 200 million factory includes a 1 GW PV module production workshop and a 1 GW PV mounting bracket production workshop. It is equipped with more than 300 advanced automated production and testing machines, including soldering machines, laminating machines, framing machines and infrared testers. Once completed, Haitai Solar will use the facility to supply products directly to ground-mounted PV projects in Xinjiang.

See also  Chinese PV industry Letter: New solar capacity affects 59.7 GW in Q1

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