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Chinese PV Industry Brief: Golden Solar, Boamax announce new … – pv magazine International

Golden Solar has unveiled a plan to set up a new 1.5 GW production line for heterojunction products in the Zhangjiakou Renewable Energy Demonstration Zone. Boamax, meanwhile, said it wants to set up an 18 GW panel factory in Inner Mongolia.
A heterojunction module from Golden Solar
Image: Golden Solar
Golden Solar has announced a joint venture with Shangyi Yuanheng Electrical Power (SYEP) and SDIC Power to set up a 1.5 GW heterojunction solar cell and module production line. The “Heterojunction Project” will be located in the Zhangjiakou Renewable Energy Demonstration Zone and will require a CNY 200 million ($28,3 million) investment. Golden Solar will contribute 51% to the joint venture, SYEP 29%, and SDIC 20%. The line will also produce cast monocrystalline silicon wafers.
Boamax Technologies has announced a plan to build a solar module factory in Etuoke Banner, Inner Mongolia. The Jiangsu-based module maker will invest CNY 13.3 billion in the facility, which is expected to reach an annual module capacity of 18 GW. The company is currently also building a cell and module factory in Bengbu, Anhui province.
Trina Solar said that the Shanghai Stock Exchange Scientific Innovation Board Listing Committee has approved its application to issue a convertible bond of no more than CNY 8.87 billion. The company wants to invest the net proceeds in its project to set up a 35 GW production of monocrystalline ingots.
Hoshine Silicon, China’s largest silicon metal supplier, said that the China Securities Supervision Commission (CSRC) has approved its request to issue a non-public offering of no more than 108 million shares, at a price of CNY 66.3 per share. The company said it expects to raise more than CNY 7 billion and will use it for working capital.
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