What is Xinyi Fujian Nanping Songxi photovoltaic project?

The total investment of the project is about 620 million yuan, with an installed capacity of 70MW and an annual power generation of 93.25million kWh, which could save 28,000 tonnes of standard coal every year. Xinyi Fujian Nanping Songxi Photovoltaic Project has an installed capacity of 30MW.

Why has Xinyi pushed back solar projects?

While Xinyi said some solar projects had been pushed back into this year so developers could assess energy storage requirements mandated by the authorities, the company said it constructed four solar farms with a total generation capacity of 440MW last year and bought two projects to add a further 140MW to its portfolio.

What is Xinyi Xiejiaji project?

The Xinyi Xiejiaji project is the world's first large-scale floating solar farm, which was connected to the grid in March 2016. The total investment of the project is about 620 million yuan, with an installed capacity of 70MW and an annual power generation of 93.25million kWh, which could save 28,000 tonnes of standard coal every year.

Will Xinyi Solar expand into polysilicon production?

The glassmaker has the funds to expand into polysilicon production. Investors in solar panel glassmaker Xinyi Solar can't put a foot wrong at the moment, according to the company's full-year results for 2021.

How much of Xinyi will be sold in the solar business sale?

Under the terms of the sales agreement, Xinyi Electric Storage–whose investors own 59.72% of Xinyi Glass and 25.97% of the Xinyi Solar business controlled by Xinyi Glass–would sell up to RMB30 million.

How will Xinyi Solar improve its competitive edge?

Dr. LEE Yin Yee, B.B.S., Chairman of Xinyi Solar, said, “In light of global inflationary pressure, rising raw material and energy prices and uncertain market conditions, the Group will relentlessly focus on improving production efficiency, effective cost control and product innovation to further strengthen its competitive edge.