China Solar PV News Snippets: S.C New Energy At TaiyangNews Virtual Conference On Perovskites & More

Tonghe New Energy launches C&I solar REIT; Sigenergy raises HKD 4.19B in HKSE IPO; China updates distributed PV monitoring standard; State Council allows suspension of approvals for industries with disorderly competition.
S.C New Energy at TaiyangNews Next-Generation PV Technology 2026 Virtual Conference
John Jiang, Technical Director at S.C New Energy, will discuss the key mass production technologies for perovskites at the TaiyangNews Next-Generation PV Technology 2026 Virtual Conference. Scan the QR code to register for free.Photo Credit: TaiyangNews
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S.C New Energy to present at TaiyangNews Virtual Conference

Efficiency records are one thing. Making perovskite-silicon tandems at scale is another.

At the TaiyangNews Next-Generation PV Technology 2026 Virtual Conference, John Jiang, Technical Director at S.C New Energy, will discuss the key mass production technologies that need to come together for perovskite-silicon tandem cells to move beyond the pilot line – where manufacturability and long-term reliability are as critical as the science itself.

Scheduled for April 22, 2026, from 09:30 to 13:00, participation in the event is free and can be done here.

Tonghe New Energy Launches RMB 114 Million C&I Solar REIT

Chinese new energy asset investment management platform Suzhou Tonghe New Energy Group Co., Ltd., together with its shareholder Zhonglian Fund, has issued a RMB 114 million asset-backed securities (ABS) product on the Shanghai Stock Exchange, backed by distributed C&I rooftop PV projects.

The 25-year scheme combines a Pre-REITs fund model with ABS, linking project development with asset securitization. The structure is designed to support asset value realization through an acquisition fund and form a full-cycle investment framework covering development, financing, construction, management, and exit.

Late last year, China expanded support for renewable energy REITs, aiming to broaden the range of assets that can be securitized, activate existing infrastructure stock, and promote a more efficient investment cycle (see China Solar PV News Snippets).

Sigenergy HKEX IPO
Sigenergy’s IPO attracted 19 cornerstone investors, including Temasek, Goldman Sachs Asset Management, and UBS Asset Management.Photo Credit: Sigenergy

Sigenergy Raises HKD 4.19 Billion in Hong Kong IPO

Energy storage system provider Sigenergy has listed on the Hong Kong Stock Exchange, raising about HKD 4.19 billion through the issuance of 13.5739 million H-shares at HKD 324.20 per share.

The IPO attracted 19 cornerstone investors, including Temasek, Goldman Sachs Asset Management, and UBS Asset Management. The company plans to allocate the proceeds from the issuance to R&D (38%), marketing and after-sales (32%), capacity expansion (12%), product diversification, including C&I PV-storage-charging (9%), and working capital (9%).

The prospectus shows revenue rising from RMB 58.3 million in 2023 to RMB 1.33 billion in 2024 and RMB 9.001 billion in 2025. Likewise, after a loss of RMB 373 million in 2023, it projects a turn to net profit of RMB 83.845 million in 2024 and RMB 2.919 billion in 2025.

China Updates Distributed PV Monitoring Standard

China has implemented the updated Technical Specifications for Remote Monitoring of Distributed Photovoltaic Power Generation Systems (GB/T34932-2025), replacing the 2017 version.

The standard introduces unified communication protocols, including DL/T698.45 and GB/T19582, and requires data acquisition at intervals of no more than 5 minutes with improved filtering and correction. It also strengthens cybersecurity requirements through identity authentication, data encryption, and access control, and adds 13 testing and acceptance criteria for grid connection.

The update aims to improve monitoring quality and enable more controllable and standardized operation of distributed PV systems.

China Allows Suspension of Approvals for Disorderly Industries

China’s State Council has issued guidelines allowing the temporary suspension of project approvals and filings in industries facing disorderly competition.

The policy enables adjustment of project approval authority and allows certain sectors to shift from filing-based to full approval processes. Projects classified as restricted may be denied access to land, energy, environmental approvals, and financing support.

The policy is expected to affect PV project development, given existing overcapacity concerns and increasing regulatory focus on investment discipline.

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