A small automation and composites manufacturer, Fujian Haiyuan Composite Material Technology Co (ST Haiyuan) has entered into a framework agreement with Jiangsu Gaoyou Economic Development Zone in Gaoyou City, Jiangsu province China to build a 10GW high-efficiency solar cell and module assembly plant at cost of around US$1.6 billion.
Leading ‘Solar Module Super League’ (SMSL) member JinkoSolar said that many of its senior management team have resigned positions in the NYSE listed JinkoSolar Holding Co ahead of the Chinese IPO of its main business unit, Jinko Solar Co (Jiangxi Jinko) on the Shanghai Stock Exchange Science and Technology Innovation Board (STAR Market).
Developer Terra-Gen and contractor Mortenson have agreed to go ahead with what they claim is the world's largest standalone solar-plus-storage project in Kern County, California, US.
Solar EPC and O&M provider Greencells has successfully placed the first tranche of a secured green bond, raising €15 million (US$17.9 million) to finance a growth push.
Renewables developer BayWa r.e. has received a major capital injection of €530 million (US$642.3 million) through the sale of a 49% stake in the outfit to Energy Infrastructure Partners (EIP).
Rising demand for green projects in investor portfolios is "broadening the geographic base" of the solar market, with 36 nations set to install more than 1GW of solar by 2029.
Regulators in Europe should throw their support behind re-establishing a solar manufacturing base in the continent that could reach a capacity of 20GW and support more than 100,000 jobs, Meyer Burger and SMA have said.
