- CGN New Energy signs a contract to buy PV modules from Ganjing Garden subsidiary.
- CGN New Energy to purchase RMB 1.25B worth of modules from Guosheng New Energy.
- Purchase price is an adjustable unit price.
- Final settlement price is based on the cumulative amount of actually executed orders.
- Ganjing Garden terminated its capital raise program in August 2023.
CGN New Energy signs RMB 1.25B PV module deal
The deal with CGN New Energy is a sign of the growing demand for renewable energy.