Power Construction Corp. from China (PowerChina) has signed an engineering, procurement and construction (EPC) contract with Manila Electric Co. for the 1.05 GW Terra solar project in the Philippines. The plans are part of the 2.45 GW Terra Project, which includes 3.3 GWh of energy storage.
Micro quantity has shipped its self-developed 50 MW perovskite-α modules to China Huaneng for a PV demonstration project, marking China’s first commercial use of four-terminal perovskite-silicon tandem modules. The 1,245 mm x 635 mm modules feature perovskite layers on tunnel oxide passivated contact cells (TOPCon), achieving an energy conversion efficiency of 25.4%.
Trina Solar said its energy storage business saw massive growth in the first half of 2024, with 1.7 GWh of shipments. In the third quarter, cumulative deliveries exceeded 7.5 GWh, with more than 35% of sales coming from abroad. The company said it has also extended its partnership with Aquila to develop the Wettzen project, following their joint work the Strübbel project. The combined capacity of both installations is expected to be 106 MW/212 MWh.
Canadian Solar Inc. (CSI) has launched a plan to buy back between CNY500 million ($68.6 million) and CNY1 billion of A-shares through a centralized bidding process, at a maximum price of CNY21.42 per share. The repurchased shares will be canceled, thereby reducing the company’s registered capital.
HiUV has unveiled plans to sign an investment agreement with the government of Jintang County, Sichuan Province, to establish a production base for photovoltaic encapsulation films. The CNY250 million project will produce 80 million m² of encapsulation film per year. It is expected to be operational within eight months of site completion, increasing domestic production capacity in the PV supply chain.
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