TCL Zhonghuan cut its wafer prices by 16-24 percent, while rival Gokin Solar is raising funds to increase ingot and wafer capacity. Meanwhile, TW Solar announced a 3.4 GW solar farm for 52 fish ponds.
Wheel manufacturer Gokin Solar has filed an initial public offering (IPO) with the Sci-Tech Board of the Shanghai Stock Exchange (SSE) on Thursday. The company intends to issue a maximum of 125 million shares, which corresponds to a minimum of 10% and a maximum of 25% of the company’s entire share capital. The company expects to receive 5 billion yuan from the deal to invest in the commissioning of 25 GW of ingot casting capacity and 5 GW of wafer capacity in Yibin, Sichuan Province.
Solar energy manufacturer TW sun (Tongwei) said it will build a 3.4 GW solar power plant on 52 fish ponds across China by the end of this year, without providing further details. It also revealed that its solar cell capacity exceeded 70 GW by the end of 2022.