China’s solar industry: Three Gorges buys 2.2 GW of solar panels at $0.18-019/W



China Three Gorges Group has announced its latest solar module procurement results, while GCL-Si has revealed plans to raise 5.8 billion yuan ($812.9 million) through a directed loan to fund expansion.

GCL system integration (GCL SI) says it plans to raise up to 5.8 billion yuan through a private placement. The company will spend 3.4 billion yuan on a 20 GW solar cell (TOPCon) capacity program in Wuhu, Anhui province, and 800 million yuan on a 10 GWh smart energy storage system capacity expansion in Xuzhou, Jiangsu province. It also spends 1.6 billion yuan on working capital.

Xinyi Group says it has decided to increase its investment in Indonesia after CNBC reported that the company plans to invest $11 billion in quartz sand resources in the Rempang area of ​​Batam Island. Indonesia is a major producer of quartz sand, which is an important raw material for the glass and solar panel industry.

David is a passionate writer and researcher who specializes in solar energy. He has a strong background in engineering and environmental science, which gives him a deep understanding of the science behind solar power and its benefits. David writes about the latest developments in solar technology and provides practical advice for homeowners and businesses who are interested in switching to solar.

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