PV tracker manufacturer Arctech Solar signed a 2-year strategic framework agreement with energy storage firm EVE Energy, covering 12 GWh of storage capacity. The deal includes 10 GWh of battery cells and 2 GWh of energy storage system products.
Through this agreement, the companies plan to combine EVE’s battery technology with Arctech’s system integration capabilities and overseas marketing network to jointly develop integrated PV-plus-storage solutions.
In the recent Wood Mackenzie global solar PV tracker manufacturer rankings, Arctech fell from the 2nd spot in the rankings to 8th, based on H1 2025 data (see Nextpower Leads Global PV Tracker Rankings In H1 2025).
China Huadian announced the results of its 360 MW PV module procurement, shortlisting HY Solar and Astronergy with bid prices of RMB 0.743/W and RMB 0.783/W, respectively. The suppliers will deliver bifacial double-glass modules with a rated power above 720 W for Huadian’s 1 GW wind-solar-hydrogen integrated project in Damao Banner, Inner Mongolia.
The National Energy Administration (NEA) released its first batch of pilot projects for ‘New Power System’ capability enhancement, covering 43 projects and 10 pilot cities.
The pilots will be located in Anhui, Fujian, Qinghai, Jiangsu, and Guangdong. With a focus on areas such as solar PV, wind power, energy storage, virtual power plants (VPPs), and high-renewable power supply for computing centers, these pilots aim to address challenges related to system regulation, safety, and efficiency.
As part of its 15th Five-Year Plan, China aims to raise the share of non-fossil energy consumption to 25% and increase electricity’s share of terminal energy consumption by 1 percentage point annually till 2030 (see China Solar PV News Snippets).
Solar cell equipment manufacturer Laplace reported FY2025 revenues of RMB 5.46 billion, down 4.69% year-over-year (YoY). The company’s adjusted net profit fell 18.45% YoY to RMB 493.65 million.
Previously, in its preliminary results release, Laplace had attributed the decline to temporary supply-demand imbalances across the PV chain. It also noted continued demand for advanced capacity expansion, line upgrades, and overseas projects. The company has reiterated its focus on TOPCon, XBC, perovskite, and tandem technologies into the future.
Releasing its FY2025 financial results, solar wafer equipment maker and processor Gaoce posted revenues of RMB 3.65 billion for the year, down 18.43% YoY. Its adjusted net loss widened to RMB 126.50 million from a reported loss of RMB 109.17 million in 2024. As part of its preliminary results release, the company had forecast an adjusted net loss range of RMB 120 million to RMB 140 million (see China Solar PV News Snippets).
The company cited industry overcapacity, low supply chain prices, and asset impairment provisions. It added that stronger diamond wire shipments and higher wafer processing utilization rates supported standalone profitability in Q3 and Q4.