Huadian Group has connected the second phase of its 1 GW Tengger solar project to the power grid in Inner Mongolia. The Tengger New Energy Base, part of a strategic cooperation agreement with the government of Inner Mongolia, has a total planned capacity of 12.2 GW, including 8 GW of PV, 4 GW of wind energy and 200 MW of solar thermal energy. The first phase of 1 GW was connected to the grid at the end of October 2024.
First material used has revealed that its subsidiary, Vietnam Advanced Film Materials, has extended the construction period for its “Vietnam 250 Million Square Meter High-Efficiency Cell Encapsulation Film Project” until December 2025. The company had invested 55% of the planned resources in the project as of November 30, 2024. The expansion follows adjustments to the design of the supporting factories and warehouse construction to ensure the quality of the project, the group said.
Shenergy has announced the winning bids for a tender round for PV modules related to its 2 GW solar project in Hoboksar, China’s Xinjiang region. The tender, split into two sections, requires bifacial, double-glazed n-type solar panels of at least 620 Wp, with each section estimated at 1.2 GW. Trina Solar won the first section with a bid of CNY864 million ($120 million) at CNY0.72/W, while GCL System Integration secured the second section with a bid of CNY818.4 million at CNY0.682/W. Deliveries are scheduled for May to October 2025.
Elite Solar said it has started construction of a new production facility in Egypt. The 78,000 m² factory in the China-Egypt TEDA Suez Economic and Trade Cooperation Zone will feature 2 GW of solar cell production lines and 3 GW of PV module lines. The facility is expected to be fully operational by September 2025. EliTe Solar said the project is an important step in its expansion into the Middle East and North Africa markets.
Leshan power said the Shanghai Stock Exchange has accepted its application for an A-share offering through a simplified procedure. The offering includes 39.92 million shares, priced at CNY5.01 each, raising approximately CNY200 million for the “Longquanyi District 100 MW/200 MWh Battery Energy Storage Station (BESS) Demonstration Project.” The investors in the private placement include Citic Fund Management and Nord Fund Management.
GCL Poly said it has signed a placement agreement for up to 1.56 billion shares at a price of HKD 1 per share, raising approximately HKD 1.56 billion ($200 million). The company said it is also in talks to issue convertible bonds. Sources have said the investors are mainly sovereign wealth funds and family funds from abroad.
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