India is shaping up to be one of the upcoming destinations for solar PV manufacturing beyond China. TaiyangNews is bringing together India’s leading solar PV players and international experts to discuss the progress of solar PV manufacturing in the country at the 1st TaiyangNews Solar Technology Conference India 2025 – How to Lift PV Manufacturing to the Next Level in New Delhi, India, on April 10 and 11, 2025.
Presenting under the Module Manufacturing Equipment & Materials section of the event, HANGZHOU FIRST’s InYoung Suh will be speaking about Encapsulant Materials and Solutions for Advanced Solar Cells/Modules.
To book your tickets for this 2-day physical event, click here.
Sichuan Yongxiang, a wholly owned polysilicon manufacturing subsidiary of Tongwei Co., Ltd., has announced its plans to introduce strategic investors and implement a capital expansion, aiming to raise up to RMB 10 billion ($1.38 billion). The raised funds will primarily be used for debt repayment and working capital replenishment to optimize the company’s financial structure. Tongwei stated that the process is underway, and the list of investors has not been finalized.
Sichuang Yongxiang has a capacity of over 900,000 tons, and claims to rank 1st first in global market share. As of September 30, 2024, Yongxiang’s audited net assets stood at RMB 25.693 billion ($3.54 billion), with an equity valuation of RMB 27 billion ($3.72 billion) after assessment. Strategic investors will collectively acquire no more than 27.03% of the expanded equity, while Tongwei will retain a minimum controlling stake of 72.97%.
Earlier this month, Tongwei’s Photovoltaic Technology Center announced that its THC-G12 HJT module has achieved a TÜV-verified maximum power output of 790.8 W (see China Solar PV News Snippets).
Chinese real estate developer Wolong Resources has announced plans to rebrand itself as Wolong New Energy as part of a strategic transition into the renewable energy sector. The company stated that this rebranding aligns with its major shift toward renewable energy, having acquired stakes in multiple companies across the wind, solar, energy storage, and hydrogen sectors, integrating them into its consolidated financial statements.
The company noted that it will prioritize the development of a new energy + storage demonstration project. Besides, it also plans to accelerate the deployment of commercial and industrial solar power plants, strengthen core energy storage technology development, and enhance hydrogen technology reserves.
Phase I of the Ziyang City manufacturing facility, jointly developed by JinkoSolar and Shijing Technology, has rolled out the 1st solar cell. Shijing holds a 90% stake in this joint venture, with JinkoSolar holding the remaining 10% stake in this facility located in Sichuan Province. It has a designed annual monocrystalline silicon wafer production capacity of 20 GW and 20 GW of solar cells. The first phase has 10 GW of wafers and 10 GW of solar cell capacity.
TIME Magazine, in collaboration with Statista, has released the TIME World’s Top GreenTech Companies of 2025 ranking, identifying 250 companies with outstanding influence and innovation in environmental protection. Leading Chinese HJT manufacturer Huasun ranked 34th in the list, securing the highest score among 7 Chinese companies on the list and emerging as the only photovoltaic enterprise included.
Huasun attributes its ranking to its commitment to ESG principles and low-impact manufacturing, reducing the carbon footprint of its HJT modules to 366.12 g CO₂ eq/W, significantly lower than the industry average, with plans to further reduce it to below 300 g CO₂ eq/W.
Recently, Huasun Energy entered into a strategic partnership with SunSum Technology with an aim to advance the ‘multi-tower single turbine’ demonstration project (see China Solar PV News Snippets).
The Ministry of Industry and Information Technology (MIIT) has announced its selection for the 2024 Outstanding Future Industry Innovation Cases. It recognized 67 exemplary cases across 6 fields: future manufacturing, future information, future materials, future energy, future space, and future healthcare. The 3 cases selected from the solar PV sector were:
l AIKO’s N-type ABC High-Efficiency Photovoltaic Modules
l UtmoLight’s Large-Area Perovskite Solar Modules
l Sineng Electric’s High-Efficiency and Reliable Large-Capacity Energy Storage Integration System
MIIT stated that for cases demonstrating outstanding application results and replication potential, local governments will be encouraged to provide support in project approval, policies, and funding to facilitate commercialization and broader adoption.