China's TCL Zhonghuan to set up joint photovoltaic project with Saudi Arabia sovereign fund

Reuters07-16

BEIJING, July 16 (Reuters) - China's TCL Zhonghuan Renewable Energy Technology said on Tuesday its Singapore Unit plans to set up a joint venture with partners including a subsidiary of Saudi Arabia's Public Investment Fund (PIF) to develop a photovoltaic crystal wafer project in Saudi Arabia.

TCL's LumeTech, PIF's Renewable Energy Localization Co and Vision Industries Co will invest around a combined $2.08 billion in the project, the company said in a Shenzhen Stock Exchange filing.

Their respective stakes in the joint venture will be 40%, 40%, and 20%, it said.

(Reporting by Ella Cao, Ethan Wang and Ryan Woo; Editing by Kirsten Donovan)

((Ella.Cao@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2451993960?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-07-16 18:39","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2451993960","market":"hk","top_or_hot":-1,"title":"China's TCL Zhonghuan to set up joint photovoltaic project with Saudi Arabia sovereign fund","media":"Reuters","content":"<html><body><p>BEIJING, July 16 (Reuters) - China's TCL Zhonghuan Renewable Energy Technology    said on Tuesday its Singapore Unit plans to set up a joint venture with partners including a subsidiary of Saudi Arabia's Public Investment Fund (PIF) to develop a photovoltaic crystal wafer project in Saudi Arabia.</p><p>   TCL's LumeTech, PIF's Renewable Energy Localization Co and Vision Industries Co will invest around a combined $2.08 billion in the project, the company said in a Shenzhen Stock Exchange filing.</p><p>    Their respective stakes in the joint venture will be 40%, 40%, and 20%, it said.</p><p> (Reporting by Ella Cao, Ethan Wang and Ryan Woo; Editing by Kirsten Donovan)</p><p>((Ella.Cao@thomsonreuters.com;))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China's TCL Zhonghuan to set up joint photovoltaic project with Saudi Arabia sovereign fund</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's TCL Zhonghuan to set up joint photovoltaic project with Saudi Arabia sovereign fund\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-16 18:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BEIJING, July 16 (Reuters) - China's TCL Zhonghuan Renewable Energy Technology    said on Tuesday its Singapore Unit plans to set up a joint venture with partners including a subsidiary of Saudi ...</p>\n\n<a href=\"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1781817850.SGD","symbol_name":"Blackrock Systematic China A-Share Opportunities A2 SGD-H","start_time":0,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2451993960","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2451993960","pubTimestamp":1721126379,"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"BEIJING, July 16  - China's TCL Zhonghuan Renewable Energy Technology    said on Tuesday its Singapore Unit plans to set up a joint venture with partners including a subsidiary of Saudi Arabia's Public Investment Fund  to develop a photovoltaic crystal wafer project in Saudi Arabia.   TCL's LumeTech, PIF's Renewable Energy Localization Co and Vision Industries Co will invest around a combined $2.08 billion in the project, the company said in a Shenzhen Stock Exchange filing.    Their respective stakes in the joint venture will be 40%, 40%, and 20%, it said. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1781817850.SGD":"Blackrock Systematic China A-Share Opportunities A2 SGD-H","BK0054":"太阳能发电","BK0188":"融资融券","002129":"TCL中环","BK0224":"电气机械","LU1580142542.USD":"Blackrock Systematic China A-Share Opportunities A2 USD","BK0189":"打板","BK0196":"行业龙头"},"translate_title":"中国TCL中环将与沙特主权基金设立联合光伏项目","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"002129":0.9},"content_text":"BEIJING, July 16 (Reuters) - China's TCL Zhonghuan Renewable Energy Technology    said on Tuesday its Singapore Unit plans to set up a joint venture with partners including a subsidiary of Saudi Arabia's Public Investment Fund (PIF) to develop a photovoltaic crystal wafer project in Saudi Arabia.   TCL's LumeTech, PIF's Renewable Energy Localization Co and Vision Industries Co will invest around a combined $2.08 billion in the project, the company said in a Shenzhen Stock Exchange filing.    Their respective stakes in the joint venture will be 40%, 40%, and 20%, it said. (Reporting by Ella Cao, Ethan Wang and Ryan Woo; Editing by Kirsten Donovan)((Ella.Cao@thomsonreuters.com;))","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2451993960"}