Perovskite solar module manufacturer RenShine Solar has announced that it has recently obtained additional CQC and UL certifications, as well as JP-AC registration. This follows its full suite of TÜV Rheinland IEC 61215 and IEC 61730 certifications for product safety and reliability
The CQC certification, which integrates both Chinese and IEC international standards, covers the full industry chain and confirms the modules' durability under specific environmental conditions. The UL certification verifies that RenShine’s modules meet North American market standards for fire resistance, electrical safety, and reliability. The JP-AC registration certifies the modules' high power generation efficiency, grid compatibility, and seismic performance, qualifying them for the Japanese market.
In February, RenShine Solar launched the construction of its GW-level perovskite manufacturing facility in Changshu City, Jiangsu Province (see China Solar PV News Snippets).
GCL Perovskite, the perovskite R&D and manufacturing arm of GCL Group, has won a bid to supply 1.13 MW of perovskite modules to a project initiated by the Clean Energy Technology Research Institute under China Huaneng. The tender covers 3,528 modules with a peak power of 320 Wp each, with dimensions of 2,005 × 1005mm, totaling 1.12896 MWp. The modules will be used in Phase II of a solar PV pilot demonstration project located in the southern part of the Kubuqi Desert.
GCL Perovskite ranked first with a bidding price of RMB 2.046/W ($0.2793/W). Shenzhen Hengtongyuan New Energy was second with 3.158/W ($0.4311/W), and Shenzhen Yixisi Electronics was third with a bid of RMB 3.248/W ($0.4433/W).
Solar PV module frame manufacturer Yonz Technology held a groundbreaking ceremony for its new 100 GW aluminum frame manufacturing base in Donghe District, Baotou City, Inner Mongolia. With a total planned investment of RMB 3.5 billion ($479.45 million), the base will include production lines for 100 GW of aluminum frames, warehouses, and supporting utility infrastructure. It will also feature an aluminum alloy casting facility with an annual capacity of 600,000 tons. The company stated that it is actively preparing for construction and expects to officially commence work once all relevant approvals are completed in the coming days. The facility received environmental approval late last year (see China Solar PV News Snippets).
Drinda Corporation, parent company of TOPCon cell and module manufacturer JTPV, has released its financial results for Q1 2025. From January to March, the company recorded revenues of RMB 1.87 billion ($256.85 million), down 49.52% year-on-year (YoY). Net loss attributable to shareholders was RMB 105.89 million ($14.51 million), compared to a net profit of RMB 19.75 million ($2.71 million) in the same period last year.
In Q1, the company shipped 7.15 GW of n-type TOPCon cells, compared to 33.74 GW for FY2024 (see Chinese Solar Cell Maker Drinda Shipped 33.74 GW In 2024). Overseas orders accounted for 58.00% of total sales, increasing significantly from 23.85% a year ago. The company also reported ongoing preparations for its 5 GW cell manufacturing project in Oman, which is scheduled to begin production by the end of 2025.
Inverter and energy storage manufacturer Deye released its preliminary financial results for 2024. The company’s revenues for the year totaled RMB 11.12 billion ($1.53 billion), up 49.67% YoY, with net profit attributable to shareholders up 64.80% to RMB 2.95 billion ($404.38 million). Deye attributed the growth to strong momentum in its energy storage inverter and battery pack businesses, as well as the success of its multi-market overseas expansion.
Issuing a forecast for Q1 2025, Deye projected net profit attributable to shareholders to be between RMB 650 million ($89.04 million) and RMB 700 million ($95.89 million), representing a YoY increase of 50.15% to 61.70%.