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.
  • 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.

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