Christian Comes, Head of Business Development Europe at Huasun Energy, will be speaking on the topic The End of LCOE: Rethink Your PV Plant Design at the TaiyangNews Virtual Conference on PV System Technology Trends – SNEC & Intersolar Product Review.
The Conference will be held on 2 separate days – June 24 & June 26, from 09:30 to 13:00 – and will explore important technology highlights and trends from both SNEC and Intersolar Europe 2025. The key takeaway of this event will be insights from market and innovation leaders about the latest breakthroughs shaping the future of photovoltaics.
Register for free here.
Leading integrated manufacturer LONGi has issued a prospectus for the public offering of 2024 Science and Technology Innovation Green Corporate Bonds to professional investors, with a fundraising target of up to RMB 4.8 billion ($667 million). RMB 2.032 billion ($282.2 million) of the raised proceeds will be allocated to a 46 GW monocrystalline silicon ingot and wafer production facility in Ordos City, focused on manufacturing LONGi’s proprietary TaiRay wafers. RMB 586 million ($81.4 million) will fund Phase II of a 3 GW high-efficiency back-contact (BC) cell project in Xi’an City, Shanxi Province. The remaining RMB 2.182 billion ($303.1 million) will support Phase I (12.5 GW) of a high-efficiency BC cell project in Xi’an.
LONGi currently holds 15 GW of production capacity for its second-generation BC modules, with plans to expand this to 35 GW by June 2025. By the end of 2025, the company expects both BC cell and module capacity to reach 50 GW. It also forecasts that the production cost of BC products will approach that of TOPCon products by that time.
In an exclusive interview with TaiyangNews Managing Director Michael Schmela at the recent SNEC 2025, LONGi Group VP Dennis She said the company expects back contact technology to become mainstream with deeper market penetration within the next few years (see SNEC 2025 Exclusive: Interview With LONGi Group VP Dennis She). The complete interview is available on the TaiyangNews YouTube channel.
Solar inverter and ESS manufacturer GoodWe has officially joined the International Energy Agency’s PV Power Systems Programme (IEA PVPS) Task 15 working group – Enabling Framework for the Development of BIPV. It is the 3rd Chinese enterprise with significant industry representation in the task force. Task 15 is a key international collaboration mechanism under the IEA framework, focused on promoting the global deployment of Building-Integrated Photovoltaics (BIPV) across the renewable energy and construction sectors.
GoodWe stated that its strong brand presence, high product quality in solar building materials, and extensive global project experience enabled its inclusion in Task 15, where it will contribute to setting international standards and technical cooperation in BIPV.
GoodWe has received the ‘world’s first’ TÜV Rheinland low-noise performance certification for its SDT series commercial and industrial (C&I) inverters (see China Solar PV News Snippets).
Chinese solar pioneer Suntech is facing a second round of restructuring. According to a ruling by the People’s Court of Xinwu District, Wuxi, issued in May 2024, encapsulant manufacturer SVECK filed for Suntech to be put into bankruptcy review, citing that Suntech no longer possesses enforceable assets. Suntech responded by acknowledging its inability to repay debts due to poor operations and applied for pre-restructuring, noting that it has already attracted interested investors and meets the conditions for value-preserving reorganization. The company has initiated a public solicitation process to recruit investors for restructuring.
Suntech previously underwent bankruptcy restructuring in 2013 and was subsequently acquired by SF-PV. In 2024, Xiamen Jianfa Group took over full management of Suntech from SF-PV (see China Solar PV News Snippets).
China’s Ministry of Finance has announced the 2025 budget allocation for renewable energy price surcharges, totaling RMB 4.19 billion ($582 million). The funds will be distributed across 13 provinces and autonomous regions to support the healthy development of wind, solar, and biomass power projects.
The directive prioritizes full and timely disbursement of subsidies for power generated by the end of 2024, especially for projects such as poverty alleviation PV programs, distributed generation by individuals, competitively allocated projects, and Top Runner initiatives. It also stipulates specific allocation order and ratio, with subsidies to be reduced or suspended for projects that exceed generation hour limits.
The Ministry stressed the importance of strict financial supervision and performance management. Grid companies are required to report historical subsidy disbursements by June 30, and prohibited practices such as coal-blended generation are to be strictly eliminated. A joint tracking mechanism between fiscal departments and grid operators will be established to ensure efficient, secure, and compliant use of the subsidies.