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AsiaElec RENEWABLES AsiaElec
Trina Solar and Tongwei Group
complete joint venture
CHINA CHINESE-BASED global PV and smart energy cells.
solution provider Trina Solar has signed a joint As part of the agreement, Trina Solar will
venture agreement with global photovoltaic purchase some 72,000 tonnes of polysilicon
(PV) giant Tongwei. products between January 2021 and December
Trina Solar will collaborate with Tongwei 2023 from a number of Tongwei Group subsidi-
subsidiary Sichuan Yongxiang Co. in upgrading aries, including Sichuan Yongxiang Polysilicon,
their 210 industrial series modules in order to Sichuan Yongxiang New Energy, Inner Mongolia
strengthen the supply chain going forward. Tongwei High Purity Crystal Silicon, and Yun-
The two enterprises will work together on nan Tongwei High Purity Crystal Silicon.
four key project areas: a high-purity crystalline Trina Solar’s collaboration with Tongwei
silicon project with an annual output of 40,000 Group follows the signing recently of further
tonnes; an ingot project expected to produce an procurement deals. These include a 20GW sil-
annual output of 15GW; a wafer-cutting project icon wafer procurement contract with Wuxi
with an annual output of 15GW; and a high-ef- Shangji Automation and an 85mn-square metre
ficiency crystalline silicon cell project, also with PV glass procurement contract with Changzhou
an annual output of 15GW. Almaden.
Total investment in the venture is estimated Trina Solar has also signed a framework con-
at $2.3bn, with Trina Solar holding 35% of the tract with Tianjin Zhonghuan Semiconductor
shares, with total registered capital contribution to purchase 210mm monocrystal silicon wafers
set at $32mn. from Tianjin Huanou International Silicon
Wu Qun, secretary of the Trina Solar board Material, a subsidiary of Zhonghuan. During
of directors, said Trina Solar and Tongwei had the proposed procurement period between Jan-
reached a consensus on 210 series modules that uary 2021 and December 2021, the estimated
will strengthen the strategic partnership. “The total contract value is about CNY6.552 billion
210-product industry chain has matured, and ($995m) (including tax) for at least 1.2bn pieces.
is now more conducive for deeper integration,” Trina Solar chairman Gao Jifan said the
he said. order will ensure that Trina Solar can secure
By the end of 2021, Trina Solar plans to have the planned capacity of 210-mm PV cells and
a PV module production capacity of at least modules and to meet demand for Vertex ultra-
50GW, most of which will be at 210 module high-power modules. The two companies plan
production capacities. In future, the company further co-operation in the future, including on
will strengthen the scale advantages of advanced technical research and product.
module production capacity based on large-size
Enel to invest €70bn in renewables
GLOBAL ENEL has announced plans to invest €70bn through the closure of coal-fired power plants.
in renewables until 2030 in a bid to extends its By 2030, the company also aims to raise its
green capacity to 120GW. green hydrogen generation capacity by more
Over the next two years, it will spend €17bn than 2GW.
on renewables out of a total capital investment Enel said “significant opportunities” are also
of €38bn, which will extend renewables capacity due to come from the green hydrogen segment,
from 45GW in 2020 to 60GW by 2023. where the group plans to integrate electrolysers
Enel said that its €70bn for renewables over with renewable energy plants producing elec-
the next decade represented nearly 50% of its tricity for direct sale or ancillary services, with
total investment of €150bn in the same period. green hydrogen also being sold to industrial
Enel also intends to invest €5bn for adding customers.
battery storage facilities as part of hybridisation. Enel stated that its new investment strategy
The addition will have the potential to reach a would be divided between “ownership” and
20-TWh capacity over the next decade. “stewardship”.
It aims to decarbonise its generation mix The company aims to become fully digital,
significantly by adding renewable capacity and and its ownership business model will see it
Week 47 25•November•2020 www. NEWSBASE .com P7
