Organic photovoltaic (OPV) product manufacturer Chasing Light has entered into a module purchase-and-sales agreement with Japan’s Moribeni Co., Ltd., with a contract value exceeding RMB 30 million ($4.21 million). According to Chasing Light, this represents the largest OPV module procurement agreement globally to date.
Under the agreement, Chasing Light will supply high-performance OPV modules to Moribeni for integration into consumer electronics, vehicle-mounted systems, and green building applications.
Inverter and storage manufacturer Deye announced the termination of its planned 25.5 GW string inverter and storage production project. The company will reallocate the remaining funds of RMB 651 million ($91.4 million) to a new 7 GWh C&I energy storage system manufacturing line.
Deye is investing a total of RMB 1.112 billion ($156.0 million) in this new facility, located in Cixi City, Zhejiang Province. Construction is scheduled to commence this month, with a target commercial operation date of 2028. Once fully up and running, the facility is expected to generate RMB 4.876 billion ($684.7 million) in annual revenues and net profit of RMB 734 million ($103.1 million), with a post-tax internal rate of return of 38.63%.
In September, Deye obtained multiple international safety certifications for its residential and commercial energy storage products (see China Solar PV News Snippets).
Chinese local media reports that 2 hydropower stations at the Yalong River Water-Wind-Solar Integrated Demonstration Base have simultaneously diverted the river flow. The project, first of its kind in the country, is developed by SDIC Power and is planned to consist of 4 clusters of hydropower, wind, and solar PV. It targets a total installed capacity of 78 GW and is scheduled for completion by 2035. With hydropower (including cascade hydro and pumped-storage) as its core, the base drives development of wind and PV assets, and explores a 100% renewable energy supply system. Currently, the base has about 21 GW of clean energy capacity installed and about 14 GW under construction.
Global PV and storage manufacturer Trinasolar posted revenues of RMB 18.91 billion ($2.66 billion) in Q3 2025, down 6.27% year-on-year. Net loss attributable to shareholders after deducting non-recurring items was RMB 1.36 billion ($190.8 million), slightly improved from last year’s Q3 loss of RMB 1.47 billion. For the first 9 months, the company recorded total revenues of RMB 49.97 billion ($7.02 billion), down 20.87% year-over-year (YoY), and a net loss (excluding non-recurring items) of RMB 4.31 billion ($606.0 million), significantly wider compared to last year’s loss of RMB 1.07 billion.
As part of its financial results for H1 2025, Trinasolar had reported a 28% YoY decline and a RMB 2.92 billion net loss in August 2025 (see Trinasolar Ships 32 GW Modules In H1 2025, But Financials Hit).
Solar cell equipment manufacturer Leadmicro reported Q3 2025 revenues of RMB 671.68 million ($94.3 million), a YoY decline of 11.31%. Its net profit (excluding non-recurring items) dropped 52.24% to RMB 48.98 million ($6.88 million).
Despite the Q3 weakness, the company reported revenues of RMB 1.72 billion ($241.6 million) for 9M 2025, up 11.48%. Its net profit (excluding non-recurring items) of RMB 185.34 million ($26.0 million) was up 62.57% YoY.