Solar cell and module manufacturer SPIC Solar has completed its first large-scale sale of recycled PV module components, including 120 tons of silicon cells, aluminum frames, PV glass, and junction boxes.
The transaction marks the establishment of a full ‘recycling-dismantling-sales-reutilization’ closed-loop system, moving its PV recycling business from demonstration to commercial operation.
The recycling line uses a ‘mechanical dismantling + pyrolysis + selective separation + wet purification’ process, achieving a recovery rate of 92.51%. The company said the recovered materials meet advanced industry standards.
SPIC Solar expects to reach an annual processing capacity of 5,000 tons of end-of-life modules this year, supporting recycling across multiple module structures and materials.
Yalong Hydro, a subsidiary of State Development and Investment Corporation (SDIC), has issued China’s first hydro-wind-solar integration bond on the Shanghai Stock Exchange.
The RMB 1.5 billion bond, with a 3-year term, will support the development of the Yalong River Basin clean energy base, which is planned to have a capacity of 78 GW.
The issuance was oversubscribed by 5.89 times and priced at an interest rate of 1.55%, setting a record low for comparable utility credit bonds.
Major power project developer China Datang has commissioned a 500 MW PV project at the Zhongwei Cloud Base in Ningxia, described as China’s first large-scale ‘computing-power-electricity synergy’ green power direct-supply project.
The facility integrates a 500 MW PV plant with a 1.5 GW wind farm and energy storage, and is expected to generate 4.3 TWh annually for direct supply to data centers.
The project enables coordination between computing loads and electricity pricing, with high-intensity workloads scheduled during periods of peak PV generation to optimize energy use and costs.
In March, China Datang won the tender for a 2.6 GW RE project supporting a computing power park in Zhongwei City, Ningxia (see China Solar PV News Snippets).
China Development Bank Financial Leasing (CDB Leasing) has acquired distributed household PV projects from TrinaPower for RMB 2.85 billion, covering assets in Guangdong, Jiangsu, and Anhui.
Including this transaction, CDB Leasing’s acquisitions from TrinaPower total RMB 3.65 billion over the past 12 months.
Recently, the company also acquired RMB 2.55 billion of household PV assets from Chint Group subsidiary Chint Anneng (Chint Energy), expanding its presence in the distributed solar leasing segment (see China Solar PV News Snippets).
PV encapsulant supplier Cybrid reported an adjusted net loss of RMB 11.12 million as part of its financial results for Q1 2026, compared with a loss of RMB 36.33 million in the same period last year.
The company’s revenue declined 6.21% year-on-year (YoY) to RMB 603.28 million, while improved gross margins supported earnings. PV encapsulant film sales reached 72.87 million m² during the quarter.
For FY2025, revenue fell 12.72% YoY to RMB 2.62 billion, with net loss narrowing to RMB 277.83 million. Encapsulant film shipments rose 23.29% to 322.69 million m², while backsheet sales declined 79% to 17.40 million m².
The average selling price for encapsulant film was RMB 5.01/m² in Q1 2026, down 2.72% YoY, following a 20.81% decline in 2025.