GCL Perovskite says it has secured nearly CNY500 million ($68 million) in financing from several Chinese investors to make perovskite silicon modules.
GCL Perovskite said it has completed a Series C1 financing round, raising nearly CNY500 million to advance its gigawatt-scale perovskite tandem production line in Kunshan, Jiangsu province. Goldstone Investment led the round, with support from Kunshan Hi-Tech Group, HongShan Capital Group and Hangyang Capital. The production line is expected to be completed in 2025. GCL holds the world record for the largest commercial-sized perovskite tandem module, with a stable conversion efficiency of 26.36% over a 2㎡ panel.
Trina Solar said it has terminated plans to list its Trina Power subsidiary, in a strategic shift towards an integrated provider of solar and energy storage solutions. The company said it plans to use Trina Power’s distributed systems and operations and maintenance services to deliver lifecycle solutions for customers, in line with its broader strategic objectives.
Huanghe Hydropower Development Co.a subsidiary of State Power Investment Corp. (SPIC), has connected the first phase of its 2.2 GW multi-energy project to the grid in Delingha, Qinghai province. The 1 GW solar installation includes 298 subarrays, 4.5 million fixed mounting brackets and approximately 2.285 million monocrystalline PV modules. The supporting infrastructure consists of a 330 kV step-up substation and 10 35 kV collector substations.
CGN New Energy has launched a framework tender for 10.5 GW of PV modules, divided into seven lots of 1.5 GW each. The tender targets N-type bifacial modules with a power of 615 W or higher to meet the implementation needs for the projects in 2025.
Xiamen C&D Group said it has completed the acquisition of Wuxi Suntech Power, a pioneer in China’s PV industry. It said it has reshuffled key executive positions including chairman, chief executive officer and vice presidents, while leaving other staff unchanged. The acquisition is part of C&D Group’s broader push into renewable energy, which previously included its involvement in the restructuring of Talesun Solar under Zhongli Group.
Golden solar energy technology said its subsidiary, Shangyi County Golden Solar New Energy Technology, is finalizing agreements for a 200 MW power plant project in Hebei Province, using Golden Solar’s silicon heterojunction modules. The engineering, procurement and construction portion of the project is valued at CNY 0.9 billion.
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