Integrated solar manufacturer Trinasolar has announced that its wholly owned subsidiary, Trina Technology, plans to establish a joint venture (JV) with its affiliate, Zhejiang Yuance Enterprise Management Consulting Co., Ltd. The JV will have a registered capital of up to RMB 150 million ($20.69 million), with Trina Technology contributing RMB 90 million ($12.41 million) for a 60% stake, while Zhejiang Yuance will invest RMB 60 million ($8.28 million) for a 40% stake. Tentatively named Trina Solar Sustainable Energy Development Co., Ltd., the JV will be based in Changzhou, focusing on the research and development of next-generation smart energy systems, intellectual property investments, and photovoltaic energy storage equipment manufacturing.
Recently, Trinasolar unveiled an extreme climate solution, which integrates its weather-resistant solar PV modules with an intelligent tracking system to provide enhanced protection against severe weather conditions (see China Solar PV News Snippets).
Inverter and energy storage manufacturer Deye has announced that its wholly owned subsidiary, Deye Energy Storage Technology Co., Ltd., plans to build a commercial and industrial (C&I) energy storage production line. Located in the Binhai Economic Development Zone of Cixi, Ningbo, it will have an annual capacity of 16 GWh. To be implemented in 2 phases, the first phase will have a planned capacity of 7 GWh, while the second phase will add 9 GWh. The company will invest about RMB 1.232 billion ($170.03 million) in fixed assets. Construction will begin once the land-use contract is signed, with project completion and commissioning within 36 months and full-capacity review within 60 months.
According to an announcement from the Yiwu municipal government, Zhituo New Energy has submitted the environmental impact assessment for a 20 GW solar photovoltaic materials plant. The company plans to invest RMB 700 million ($96.55 million) to construct the facility in Yiwu, Zhejiang Province. The investment will be used to purchase fully automated aluminum frame production lines, dual-head solder-coated ribbon machines, medium-drawing machines, and busbar-integrated machines, achieving an annual production capacity of 20 GW of PV materials.
Lingda Group has announced the official termination of the second phase of Jiayue New Energy’s 5.0 GW TOPCon solar cell production project. Launched in 2020, it was initially planned to include 12 TOPCon cell production lines and supporting facilities. However, due to construction progressing slower than expected, it was temporarily suspended in October 2024. According to the announcement, the termination was primarily due to substantial capital requirements, combined with the company’s financial condition, operational efficiency, and market outlook. After an assessment, the management determined that continuing the investment would pose significant risks and decided to abandon the project and related supplier contracts.
Lingda Group has been facing continuous financial difficulties, with an estimated net loss of RMB 884 million ($121.93 million) to RMB 1.311 billion ($180.97 million) in 2024. Its non-GAAP revenue is expected to range between RMB 37 million ($5.1 million) and RMB 55 million ($7.59 million), and its year-end net assets are in the negative territory. If these figures are confirmed in the annual audit, the company's stock will be subject to delisting risk warnings (see China Solar PV News Snippets).
The winning candidates for the 2025-2026 1 GW centralized solar module procurement project by South-to-North Water Diversion Central Line New Energy (Beijing) Co., Ltd. have been announced. A total of 12 solar module manufacturers, including Tongwei Solar, JinkoSolar, LONGi, and JA Solar, were shortlisted.
The procurement is divided into 2 bidding sections:
Section 1: 700 MW of n-type bifacial dual-glass TOPCon modules with a conversion efficiency of 22.5% or higher. The winning bid prices range from RMB 0.692 to 0.705/W ($0.0952 to 0.097/W), with an average price of RMB 0.6998/W ($0.0963/W).
Section 2: 300 MW of BCI/HJT modules, featuring monocrystalline bifacial dual-glass technology with a conversion efficiency of 22.85% or higher. The winning bid prices range from RMB 0.75 to 0.768/W ($0.1032 to 0.1056/W), with an average price of RMB 0.76 per watt ($0.1045/W).