Yonz Technology says its subsidiary Yonz Industrial Technology (Baotou) will build a 100 GW aluminum PV frame factory for CNY 3.5 billion ($481.8 million) in Baotou, Inner Mongolia.
Yonz technology has revealed that its subsidiary, Yonz Industrial Technology (Baotou), will invest CNY3.5 billion in a PV aluminum frame manufacturing facility in Baotou, Inner Mongolia. The Shanghai-listed groups said the project will include production lines for extrusion, surface treatment and precision machining. Once operational, the factory in the Baotou Aluminum Industry Park will produce 50 million tons of aluminum frames per year, supporting the production of approximately 100 GW of PV modules.
Canadian solar energy said it shipped 8.4 GW of PV modules in the third quarter of 2024, generating $1.51 billion in revenue with a gross margin of 16.4%. It reported a net loss of $14 million for the quarter, a turnaround from the $4 million net profit it posted in the same period in 2023. For the fourth quarter, Canadian Solar expects revenue between $1.5 billion and $1.7 billion, with a gross profit. margin forecast of 16% to 18%. It expects module shipments of 8 GW to 8.5 GW for the quarter and 30 GW to 35 GW for all of 2025.
Sinoma EC International Investment has signed a power purchase agreement and an investment protection agreement with the Uzbek Ministry of Investments, Industry and Trade for the construction of a 300 MW solar power plant and a 75 MW/75 MWh energy storage system in the Navoi region of Uzbekistan. The CNY 1.362 billion project, which includes supporting transmission infrastructure, will be overseen by Navoi Clean Energy Co., a local entity formed by Sinoma EC’s subsidiaries in Hong Kong and the Netherlands.
Wiscom system has unveiled plans to sign a framework agreement with Pingding County, China’s Shanxi Province, for a renewable energy project worth CNY 3 billion. The initiative, led by the group’s Wiscom Hongyang subsidiary, will combine wind, solar, energy storage and low-carbon industrial park elements into an integrated energy system. The project will include a range of advanced technologies, including energy internet, AI management, big data analytics and electrochemical storage, to coordinate energy generation, load and storage. The company said the project will function as a virtual power plant, increasing the reliability and sustainability of the electricity grid.
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