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Maxwell Technologies plans to raise $272 million via a convertible bond offering and use the money to develop machines for the manufacturing of tandem solar modules based on perovskite. Maxwell has revealed plans to raise up to CNY 1.97 billion (USD 272 million) through a convertible bond offering to unspecified investors. Net proceeds will fund a new perovskite tandem solar cell equipment manufacturing project. The CNY 2.14 billion initiative will span three years and be constructed across Suzhou, Jiangsu province, and Xuancheng, Anhui province. Upon completion, the facility will produce 20 sets of tandem solar cell production equipment per year, said the Chinese PV production equipment manufacturer. Hoymiles has signed a CNY 1 billion partnership agreement with China Huarong Financial Leasing for distributed solar. Over the next three years, the two companies will co-develop residential solar projects. Hoymiles will identify customers and supply equipment, while Huarong will purchase and lease the systems to end users, who will repay through power generation revenues. Hoymiles will also oversee operations and maintenance and has guaranteed generation performance. China Clean Energy Solar has revealed that it will postpone more than 828 MW of planned PV projects initially funded by a 2022 private share placement and a forthcoming 2025 convertible bond issuance. The subsidiary of state-owned China Energy Conservation and Environmental Protection Group (CECEP) said the delays stem from issues such as delayed land handovers and contractor defaults. Linyang Energy has signed two energy storage deals totaling 860 MWh with Italy’s SVAM and Sweden’s Suntrade. The 300 MWh Suntrade order will support projects in Sweden, Finland, and other Nordic markets. The remaining 560 MWh will be deployed in Italy. All systems will use Linyang Energy’s in-house liquid-cooled battery technology and smart energy management platform. |
