Chinese solar PV manufacturer TCL Zhonghuan has planned to issue nearly RMB13.8 billion (US$2 billion) convertible bonds for its 35GW annual capacity ultra-thin high-purity mono silicon wafer and 25GW n-type tunnel oxide passivated contact (TOPCon) 4.0 highly-efficient solar cell plants.
Silicon prices have marginally increased in the last week, according to the latest figures from the Silicon Industry Branch of China Nonferrous Metal Industry Association published on 15 February.
With silicon material and wafer prices on the rise, the impact is being felt further downstream amid warnings module prices could continue increasing this month.
TCL Zhonghuan cut the price of its solar wafers for the first time this year, with this trend expected to continue as new production capacity comes online across the industry.
