SSX Daily News BLAST - 07/12/2021

Tongwei to raise up to RMB12B to finance polysilicon and wafering plants

i. RMB5.6 billion to be used for technical renovation on Leshan Phase II project and manufacturing cost of Baotou Phase II 50kt project;

ii. RMB2.9 billion to be invested in 15GW polysilicon rod slicing project; and

iii. RMB3.5 billion to be allocated as supplementary working capital.

https://guangfu.bjx.com.cn/news/20211207/1192007.shtml

Daqo begins pilot production at 35kt Phase 4B polysilicon production facility

Total capacity to reach 105kt/yr by end Q1.

Targets 270kt by end 2024.

https://mp.weixin.qq.com/s/QAKaS4cfuNTu_FnNlIRhFA

https://www.prnewswire.com/news-releases/daqo-new-energy-begins-pilot-production-at-new-phase-4b-polysilicon-production-facility-301437776.html

Shuangliang announced 3 large long-term orders worth RMB12.144 billion

Fulfilment period extends from Jan 2022 to Dec 2024.

i. 22.8kt mono ingots (both 182mm and 210mm) to Funing Canadian Solar;

ii. 9.72kt mono square rods (both 182mm and 210mm) to Jiangsu Xinchao; and

iii. Approx 3 mil pieces mono wafers (mainly 182mm) to Jiangsu Shunfeng.

https://mp.weixin.qq.com/s/rjPmo2LCfuy9kgT5omEtaA

SPI Energy acquires California Sunergy's 400MW module plant, plans to ramp up to 1.1GW in 2H2022

https://finance.yahoo.com/news/spi-energy-acquires-140-000-131000788.html

2022 projections up in the air with vastly differing deployment outlooks

https://pv-magazine-usa.com/2021/12/06/three-vastly-divergent-solar-deployment-projections/

Tesla in SEC hot seat over whistleblower allegations of solar panel defects

https://www.reuters.com/markets/commodities/exclusive-sec-probes-tesla-over-whistleblower-claims-solar-panel-defects-2021-12-06/

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