Dongfang Electric, a China-based state-run maker of energy turbines, will reportedly eliminate its 40% stake in China-based shingled array PV module maker DZS Solar.
Dongfang Electric can also be a contractor for energy vegetation and PV power-generating stations.
DZS was established in 2015 on a three way partnership foundation by Dongfang, China-based solar-grade mono-Si wafer maker Tianjin Zhonghuan Semiconductor (37% stake) and US-based SunPower (20% stake), in line with business sources.
Licensed to make use of SunPower’s expertise, DZS is the one China-based shingled array PV module maker and amongst only some globally, the sources stated, including it has annual manufacturing capability of 2GWp and plans to increase it to 5GWp.
Dongfang is promoting the stake probably as a result of DZS suffered web lack of CNY22.68 million (US$3.39 million) on revenues of CNY500 million for first-quarter 2019, in contrast with revenues of CNY1.6 billion and web revenue of CNY4.78 million for 2018, the sources indicated.
China-based Jiangsu Seraphim Solar System, Risen Energy, Jolywood (Suzhou) Sunwatt, Tongwei Solar, LONGi Green Energy Technology and GCL-Poly Energy are all making ready to develop and produce shingled array PV modules, the sources stated.
