Latest News in Solar Photovoltaics
1. Huaren New Energy Plans to Raise 24.5 Billion Yuan for A-Share Listing
According to the official website of the Shenzhen Stock Exchange, on March 14, Huaren New Energy Holdings Co., Ltd. had its IPO application accepted. The prospectus indicates that after deducting issuance costs, the funds raised will be utilized for the construction of wind power and solar power projects, with an intended capital of approximately 24.5 billion yuan. The total investment for the wind and solar power projects listed in the table amounts to 40.422 billion yuan, although 27 million yuan of this funding is currently frozen.
2. “China’s Lego” Faces Delisting Crisis Amid Debt Issues
An announcement from Mubang High-tech has attracted attention, revealing that its wholly-owned subsidiary, Guangxi Mubang High-tech New Energy Co., Ltd., has had 1.108 million yuan in bank accounts frozen due to a lawsuit from Wuxi Jiangsong Technology Co., Ltd. over unpaid equipment payments. This situation reflects a broader debt crisis within Mubang High-tech.
3. GCL to Develop BC Batteries
On the evening of March 14, GCL Integration announced that its wholly-owned subsidiary in Suzhou plans to sign a joint investment agreement with Xuzhou Risheng Low Carbon Industry Investment Partnership to establish Xuzhou Xinyao New Energy Technology Co., Ltd.
4. Quality Concerns Emerge Amid Price Wars
As March 15 approaches, a spotlight shines on various sectors, including home appliances and food. While the photovoltaic industry appears stable, it is not without its challenges. The ongoing price wars have led to issues such as power rating inflation, quality reductions, and counterfeit products. Complaints regarding photovoltaic products are on the rise according to online platforms.
5. China’s Energy Production Data for January-February 2025 Released
On March 17, the National Bureau of Statistics published energy production data for January and February 2025. The data indicates a faster growth rate for industrial wind power, while hydropower, nuclear power, and solar power growth rates have slowed. Specifically, industrial coal-fired power output decreased by 5.8%, while hydropower grew by 4.5% and nuclear power increased by 7.7%.
6. Ningxia Releases Guidelines for Distributed Solar Development
On March 17, the Ningxia Development and Reform Commission issued a notice seeking feedback on the implementation details for distributed solar power development projects within the region. These projects will focus on user-side development and aim to balance the distribution grid.
7. Zhejiang Government Supports Renovation of Rural Homes with Integrated Solar Rooftops
On March 16, the Zhejiang Provincial Government released a notification encouraging rural homeowners to renovate their properties in compliance with regulations, promoting the adoption of integrated solar rooftops.
8. Fujian Seeks Public Input on Safety Management for New Energy Systems
On March 13, Fujian’s Energy Regulatory Office and Development and Reform Commission requested public feedback on a draft notice aimed at strengthening safety management for new energy and grid-connected entities.
9. Shouhang New Energy Moves Toward IPO
On March 13, Shouhang New Energy published its IPO prospectus, aiming to raise approximately 1.211 billion yuan. The funds will be directed towards energy storage system projects, new energy product development, and upgrades to its research center.
10. Fengyang Conch Solar Integrated Project Begins Production
On March 10, the Fengyang Conch solar integrated project, built by China’s Seventeenth Metallurgy Group, commenced production. This project aims to implement the national “dual carbon” strategy by producing solar glass and deep processing quartz sand resources.
11. Datang Plans 1.56 Billion Yuan Investment in Solar Projects
On March 15, Datang Huayin Electric Power Co., Ltd. announced plans to invest in new energy projects, specifically in Hunan Province, aiming for a total capacity of 280 MW across two solar projects.
12. Hebei Huadian Launches 500 MW Offshore Solar Pilot Project
On March 11, the construction of the Hebei Huadian offshore solar pilot project commenced, marking a significant milestone for offshore renewable energy development in the Bohai Sea region.
13. Zhonghe Capital Issues Statement on Impersonation Incident
On March 16, Zhonghe Capital released a statement regarding an individual impersonating a corporate executive for potentially illegal activities. The company clarified that it does not have a regional management office in East China.
14. Shaoneng Plans 60 Million Yuan Investment in Distributed Solar Project
On March 15, Shaoneng Co., Ltd. announced plans to invest in a distributed solar power project, which has already begun construction.
15. Suntech Power Faces Further Legal Action
Recent reports indicate that Wuxi Suntech Power Co., Ltd. has been named as a defendant in a new legal case, with an execution amount of 168,167 yuan.
16. Eighth UK-China Energy Dialogue Held
On March 17, the Energy Administration of China and the UK Secretary of State for Energy Security held the eighth UK-China Energy Dialogue, focusing on clean energy technology and international energy governance.
17. Latest Photovoltaic Supply Chain Price Report Released
According to TrendForce, the latest prices for the photovoltaic industry chain show an increase in N-type materials, with prices for N-type raw materials reported at RMB 41 per kg.
18. Yunnan’s Energy Goals Set for 2025
On March 14, the Yunnan provincial government announced its goal to achieve a total installed capacity of over 1 GW in new energy by 2025, focusing on major energy project construction.
19. Zhengtai New Energy Selected for Datang Group’s Solar Procurement
Recently, Zhengtai New Energy was selected for the Datang Group’s framework procurement of 22.5 GW of photovoltaic modules, furthering its collaboration in the clean energy sector.
20. New Breakthrough in Perovskite Module Efficiency
A perovskite solar module has achieved a conversion efficiency of 24.12%, marking a significant advancement in solar technology.
