Hive and Shanghai Electric to build 50MW of solar in Cuba

SE Energy Investment Co, a UK subsidiary of Chinese equipment manufacturing conglomerate, Shanghai Electric Group, and solar developer Hive Energy have formed a joint venture to build and operate 50MW of solar PV in the Mariel Development Zone, Cuba.

Manz gets further €67 million for major CIGS turnkey thin-film order

PV and electronics equipment manufacturing and automation specialist Manz AG has secured another advanced payment for CIGS (Copper, Indium, Gallium, DiSelenide) thin-film manufacturing equipment, which is part of a major production order with Chinese partners, the Shanghai Electric Group and the Shenhua Group.

GCL-Poly wants to sell polysilicon subsidiary stake for US$2 billion

Leading polysilicon and solar wafer producer GCL-Poly Energy Holdings said it was in talks with major China state-owned industrial conglomerate, Shanghai Electric to sell a major shareholding in its main polysilicon production subsidiary, Jiangsu Zhongneng Polysilicon for around US$2 billion.

Manz expects €129 million in deposits from JV major CIGS thin film order

PV and electronics equipment manufacturing and automation specialist Manz AG has received €50 million from Chinese JV partners Shanghai Electric Group and Shenhua Group for turnkey CIGS thin-film production lines with a further €79 million also expected in May to start work on its largest ever equipment order.