Image: WiNG, Wikimedia Commons
ZNShine solar energy said it has applied to the China Securities Regulatory Commission (CSRC) to issue H shares and list them on the HKEX. Founded in 2006, the company operates three factories in China with a total capacity of approximately 10 GW. It plans to expand further in China and Indonesia.
GCL SI said it expects revenue of between CNY7.8 billion ($1.07 billion) and CNY8.5 billion for the first half of 2024, up from 39.15% to 51.64% year-on-year. The company expects a decline in net profit from 53.38% to 64.14%, ranging from CNY 40 million to CNY 52 million, due to lower product prices and increasing competition. Despite this, it said it recorded significantly higher shipment volumes and revenues thanks to cost-effective production of cells and modules.
Datang Corp. said it has launched a tender for PV inverters for the period 2024-25. It includes 12 GW of high power string inverters, 3 GW of centralized inverters and 1 GW of distributed string inverters. Bids open on August 6, 2024 and deliveries will run until June 30, 2025.
China Huadian Corp. said it will soon begin construction of a 3.5 GW hydropower project on the upper Jinsha River in Sichuan. The project, the largest renewable energy initiative in the province, includes three solar power plants: 1.6 GW in Dayi, 700 MW in Larung and 1.2 GW in Zhongzan. The arrays will work in conjunction with an upstream hydropower base.
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