Arctech Solar signed an agreement with Energy China International Engineering at the 2024 International Engineering Supply Chain Development Conference to supply its Skyline II tracking systems for a 2.3 GW solar project in Saudi Arabia. The system is designed to handle the region’s challenging desert terrain and high wind conditions. The project is expected to generate 156.2 TWh over 25 years and reduce CO2 emissions by 147 million tonnes, contributing to Saudi Arabia’s target of achieving net-zero emissions by 2060.
Anhui Grand Sunergy Tech said its subsidiary has won a bid for China Huadian Group’s second batch of centralized PV module procurement in 2024. The company has secured a 500 MW order for n-type heterojunction (HJT) bifacial modules, valued at CNY 392, 5 million ($55.3 million), with a unit price of CNY 0.785/W. China Huadian’s second procurement batch totals 16 GW, divided into three lots, with Lot 2 reserved for high-efficiency n-type HJT modules with a conversion efficiency of more than 22.6%.
The Shanghai Stock Exchange has announced the termination of SAJ’s initial public offering (IPO) filing. The Guangzhou-based manufacturer of solar inverters and energy storage systems has voluntarily withdrawn its registration documents with its main insurer, Minsheng Securities. The IPO aimed to raise CNY 1.2 billion to increase production capacity to 470,000 inverters annually, build a new research and development center and improve marketing and operations.
State Power Investment Corp. (SPIC) has announced the shortlisted candidates for the 52nd batch of centralized procurement of inverters for 2024. The tender, covering a total of 12.5 GW of inverters, has awarded contracts to Sineng for 1.75 GW, Kstar for 875 MW , TBEA for 1 GW, and Sungrow for 4.5 GW, and CNBM Xinyun, an agent of Huawei inverters, for 3.5 GW. An unspecified state-owned company from Hunan has also won a contract for 875 MW.
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