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JinkoSolar Holding Co. Ltd., has announced that it intends to sign a ‘strategic co-operation agreement’ with Tongwei Co. Ltd. to jointly invest in a high-purity crystalline silicon project with annual capacity of 45 000 t and a silicon wafer project with an annual production capacity of 15 GW, as well as develop a more extensive industrial chain co-operation.
According to the agreement, JinkoSolar will own a 35% equity stake in the 45 000 t high-purity crystalline silicon project, while Tongwei will hold a 30% equity stake in the 15 GW silicon wafer project. Under the industrial chain co-operation, the production capacity, and products of the joint venture for the high-purity crystalline silicon will be given priority to meet the production needs of the joint venture silicon wafer company. Wafer products produced under the jointly invested silicon wafer project will be cost effective and price competitive. In addition, based on the previous procurement contract fo
SINGAPORE (Feb 9): One of the world’s largest producers of the key raw material for solar panels is planning a massive expansion amid surging demand for clean energy.
Xinte Energy Co will build a polysilicon project able to produce about a third of current global production in Inner Mongolia, it said Monday in a filing to the Hong Kong stock exchange. The company’s shares have more than quadrupled since mid-December on the back of demand for the material that transmits electrons excited by photons of light, generating electricity.
China’s climate push, along with a return to clean energy zeal in the US, mean demand for solar panels may create a shortage of polysilicon this year, according to Daiwa Capital Markets. Other makers have also seen their shares surge and announced separate plans to expand production.
Yesterday Shanghai Composite Index closed down 0.4% at 3606.75, and over at Shenzhen the main benchmark index rose 0.7%, both trading volumes totaled RMB 1.1 trln, up 21.07% from the previous trading day.
China Stocks Drop on Concern Over Highest Valuations in Years
Bloomberg News, Bloomberg News Morning commuters wearing protective mask ride an escalator in the Lujiazui Financial District in Shanghai, China, on Friday, Oct. 9, 2020. Chinaâs yuan strengthened and stocks rose on mainland exchanges in a positive start to the month for traders returning to work after an eight-day holiday. Photographer: Qilai Shen/Bloomberg , Bloomberg
(Bloomberg) Chinese stocks fell the most in almost three weeks, as investors questioned whether the highest valuations in 13 for the CSI 300 Index make sense.
The stock benchmark fell 1% at the close on Monday after hitting its highest level since 2008 last week. A measure of consumer staples was among the worst performers on Monday after surging 23% last quarter, the most since early 2019.
Provided by Dow Jones By Yifan Wang Hong Kong and China-listed solar-energy stocks rose sharply on Wednesday, extending the sector s momentum as investors bet on strong demand and favorable policies. Hong Kong-listed Flat Glass Group Co., one of the world s largest solar glass makers, jumped as much as 18%, while its peer Xinyi Solar Holdings Ltd. rose up to 9.3%. Both stocks have more than tripled so far this year. In the Chinese market, polysilicon suppliers led the sector s advance. Tongwei Co. shares rose up to 9.4% and LONGi Green Energy Technology Co. added as much as 6.4% to hit a new record. The upbeat trend came after Chinese authorities last week issued a draft regulation that would allow solar glass manufacturers to increase capacity free of restrictions.