Canadian Solar Inc. announced that it has decided to list its business on Chinese Capital Markets. According to its press statement, the company said it would pursue a listing of its Module and System Solutions (MSS) business either on the Shanghai Stock Exchange’s Science and Technology Innovation Board (STAR market) or the Shenzhen Stock Exchange’s ChiNext market. Based on the precedents in the China IPO market, the listing process is estimated to take 18-24 months.
Fujikura, a Japan-based electric equipment manufacturing company, announced that it had broadened its product lineup of Thin Dye-Sensitized Solar Cell (DSSC) module panel. The increase in the module range is likely to lead to easier designing and installation of the panels into IoT (Internet of Things) devices. In line with the increase in IoT device usages and diversification of their sizes, the new product lineup recognizes the growth in customer needs for solar cells of various shapes and sizes.
Schneider Electric Solar has announced the launch of Insight, its new energy management platform for residential and commercial users as a solution to the COVID-19 crisis accelerating the needs of digitalization in the renewable energy industry. It is available through their local, cloud, and mobile interfaces. Insight is a part of Schneider Electric’s residential and commercial solar & storage ecosystem, providing intuitive mobile and web-browser based interfaces for consumers and installers.
Freyr Energy, a Hyderabad-based rooftop solar company, has announced the launch of SunPro+ mobile application for an easy transition to solar for homeowners and business developers. The company said that the consumers could use the mobile application to learn about solar, order a system, track the installation process, and monitor system performance independently. The company added that the artificial intelligence-enabled technology in the SunPro+ application would enable the users to get information according to their needs, and the addition of the chat feature will be used to address queries instantly.
Maxeon Solar Technologies, the planned spin-off from SunPower Corp, has launched its new line of bifacial SunPower® Performance 5 panels, the fifth-generation performance solar panels designed specifically for large-scale power plant applications. Among the first products to utilize bifacial mono-PERC solar cells made on large format eight-inch G12 wafers, the new Performance 5 panels offer industry-leading efficiency of over 21 percent along with enhanced shade tolerance with power ratings of up to 625 watts.
Click here for the previous week’s news wrap-up.