Three Gorges Group has started the second round of purchasing PV modules for 2024, looking for 2.5 GW of 580 Wp and more n-type TOPCon solar panels. The bid attracted 29 companies, with prices ranging from CNY 0.6716/W to CNY 0.751/W and an average of CNY 0.7012/W. Four bidders submitted bids below CNY 0.692/W. The framework agreement runs until June 30, 2025, with a possible extension until September 30, 2025, based on demand.
The Sichuan Development and Reform Commission has approved an energy consumption assessment for Tongwei’s new silicon wafer production plant in Chengdu. The CNY 700 million project will produce 20 GW of monocrystalline silicon wafers (182 mm x 210 mm), with construction scheduled from November 2024 to September 2025. Zhongwei New Energy (Chengdu), a wholly owned subsidiary of Tongwei Solar, will execute project.
CECEP solar energy has issued a profit warning for fiscal 2024 and expects net profit of CNY 1.2 billion to CNY 1.25 billion, down from 20.82% to 23.99% year-on-year. The company forecasts basic earnings per share between CNY 0.3067 and CNY 0.3195, compared to CNY 0.4038 last year, due to the decline in electricity consumption and lower electricity prices in the power generation segment, as well as declining sales and prices in the production segment. amid difficult market conditions.
Chinese energy construction (CPC) has selected Risen Energy as the winner of the second round of n-type Heterojunction (HJT) solar module procurement in 2024. Risen Energy secured the 500 MWp tender with a bid of CNY 379.5 million (or CNY 0.759 /W), with which Anhui Huasun New Energy, which raised CNY 384.5 million (CNY 0.769/W) offered, stayed behind. The bifacial monocrystalline silicon double glass modules must have a minimum power of 710 Wp and a wafer size of 182 mm or larger. The first deliveries are expected in February 2025.
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