Chinese PV Industry Brief: Longi to grow by 10 GW, China opens world’s largest floating PV project
Plus, equipment manufacturer Shangji Automation is set to enter the silicon ingot making game with plans for an 8 GW fab, while state-owned developer Panda Green says it plans to add 500 MW of annual project capacity over the next three years.
Longi said this week that it has cleared all regulatory obstacles and plans to finalize the purchase of manufacturer Zhejiang Yize later this month. The group’s Longi Green Energy Technology unit will pay RMB1.78 billion (US$253 million) plus a variable sum to be determined by the business’ three-year future performance for the Zhejiang-based company. Zhejiang Yize currently produces 7 GW of modules per year and operates 3 GW of annual cell capacity in Vietnam.
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Atlantis Viewpoint
Lots of floating PV projects lined up around the world. Are there any down sides to this type of technology?