The solar manufacturer has reduced the price of its silicon wafers by 9%. Elsewhere, Luoyang Glass hopes to sell three information display business units, focusing on solar panel glass.
Energy giant China Petrochemical Corporation has built 18 solar service stations in Jiaxing.
Module manufacturer Longi lowered the price of all wafers through an update on the company's website today. The "G1" product with a size of 158.75 mm now costs 5.12 yuan ($0.80) per piece, a decrease of 7.4%, while the 166 mm M6 wafer is 7.2% cheaper at 5.32 yuan ($0.83). The price of M10 and 182mm wafers fell 9.8% to 6.20 yuan ($0.97) per piece. The last time LONGi lowered its wafer prices was in May last year. The manufacturer reduced the thickness of its wafers from 175 microns to 170 microns in February, and has now reduced it to 165 microns.
As debt-laden developer SF Express must pay 175 million Hong Kong dollars (US$22.4 million) to supporter Rainbow Fort Investment before today’s end, the company once again postponed the release of details of shareholder votes required to approve the sale of seven solar projects with a total installed capacity of 283 Megawatts, 953 million yuan (149 million US dollars) was raised. The company initially promised to provide information in late October and then extended to today, the company missed the deadline for repaying the 255 million yuan ($39.9 million) owed to investors in 2016 corporate bonds during this period. SF Express promised yesterday that it will announce details of the voting before December 31, which is the deadline for the payment of 300 million Hong Kong dollars (38.5 million US dollars) to China Minsheng Bank.
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State-owned glass manufacturer Luoyang Glass hopes to sell three information display business units to focus on solar panel glass production. Independent shareholders of the business will vote on whether to sell Longhai Glass, Longmen Glass and Bengbu CNBM Information Display Subsidiaries to the Kaixuan Group business, which is the controlling shareholder of Luoyang, for 536 million yuan (83.9 million U.S. dollars). China National Industrial Group owns a building materials group that has both a buyer and a seller in the proposed transaction. Luoyang said on Friday that the Longmen business has been idle since January 2 last year and owed its parent company 540 million yuan. As the proposed purchase price brings 126 million yuan (19.7 million U.S. dollars) to the seller, the valuation of the Longmen business will reduce the total purchase price of the three units by 441 million yuan (69 million U.S. dollars). The details of the extraordinary general meeting required for voting were promised on December 23. Luoyang also revealed on Friday that it plans to invest 1.18 billion yuan (US$185 million) in photovoltaic cell packaging material production facilities, including a furnace and solar substrate production line and five photovoltaic cell packaging material production lines. Supporting deep processing production lines, with a total daily production capacity of 1,200 tons. Since the planned production project in the Yaohua High-tech Industrial Park in the east area of the Qinhuangdao Economic Development Zone will cost more than half of Luoyang's net assets, it is necessary to vote on the plan. The company stated that the project will have a construction period of 16 months and will require an initial working capital of RMB 30 million (US$4.7 million).
Panel manufacturer JinkoSolar supplied n-type TOPCon solar modules for 18 rooftop projects installed by the energy company Sinopec Chemical Corporation at its gas stations. Jinko said that all the green electricity generated will be used in gas stations.
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