Vertically integrated solar module manufacturer DMEGC Solar has been awarded the EcoVadis Silver Medal following an assessment of its environmental, social, and governance (ESG) performance. EcoVadis, a global corporate sustainability rating platform, evaluates companies based on environmental impact, labor practices, business ethics, and sustainable procurement. The Silver Medal places DMEGC among the top 15% of assessed enterprises.
The company says it has put in measures to improve clean production, energy efficiency, and emissions reduction while emphasizing workplace safety, ethical business practices, and responsible supply chain management. Investments in renewable energy and resource recycling have contributed to lower environmental impact.
Last month, DMEGC was ranked 8th in the Wood Mackenzie list of Global Solar Module Manufacturers (see China Solar PV News Snippets).
Risen Energy's Global Photovoltaic Research Institute has achieved 30.99% conversion efficiency in perovskite/crystalline silicon heterojunction (HJT) tandem solar cells. This efficiency has been certified by the China Photovoltaic Testing Center (CPVT). Risen Energy stated that HJT cells are naturally suited as the bottom cell in tandem structures. In contrast, other types of crystalline silicon cells lack an ITO film, requiring structural redesign when developing tandem technology, which increases costs and complexity. Therefore, Risen Energy believes that HJT technology will be the optimal bottom cell choice for crystalline silicon-perovskite tandem cells.
Recently, another perovskite maker SolaEon Technology announced that its all-perovskite tandem solar cells achieved a certified conversion efficiency of 30.58% (see China Solar PV News Snippets).
Solar inverter supplier Sungrow has announced that it has been awarded the Gold Medal Certification in the EcoVadis Sustainability Rating, placing it among the top 5% of companies globally. The company said it excelled in areas such as environmental performance, sustainable procurement, business ethics, and labor & human rights, ranking in the top 2% within its industry. Sungrow emphasized its commitment to integrating its sustainable development philosophy into its corporate strategy.
HJT cell and module manufacturer Golden Solar has received approval for its pre-reorganization process from the Jiuquan Intermediate People's Court. According to the announcement, since entering pre-reorganization on July 8, 2024, the company has completed creditor claim filings and recruited restructuring investors. A total of 19 potential investors have submitted applications and paid deposits. Additionally, the company has secured approval for up to RMB 300 million ($41.38 million) in priority debt funding to maintain normal operations and preserve asset value. Golden Solar emphasized that if the reorganization is successful, the company could optimize its asset-liability structure and improve its business sustainability. However, if the reorganization fails, the company may face bankruptcy liquidation.
Solar PV connector and junction box manufacturer QC Solar has announced plans to raise RMB 186.15 million ($25.68 million) through a simplified stock issuance process to fund 2 PV and energy storage component manufacturing facilities. One project focuses on bypass protection modules for PV junction boxes, with a total investment of RMB 147.98 million ($20.41 million) and an expected annual capacity of 2.471 billion units upon completion. The other project, dedicated to the production of PV-storage connectors and wiring harnesses, involves a total investment of RMB 38.18 million ($5.27 million) and is expected to reach an annual output of 5.91 million sets.
TOPCon cell and module producer JTPV (Jietai Solar) has introduced a joint operation brand, JT Inside, aimed at integrating photovoltaic industry chain resources. Calling it an innovation, the company aims to provide more efficient and reliable solutions for the distributed PV market through this brand. This model collaborates with leading module manufacturers such as Trinasolar, JA Solar, and Astronergy to achieve technological synergy and brand partnership, ensuring a one-stop, worry-free experience for end users. Under the JT Inside model, JTPV guarantees a 30-year power generation revenue assurance for distributed PV projects, significantly exceeding the market’s typical 20-25-year warranty period. JTPV stated that this innovative model not only reduces operational costs across the industry chain but also enhances the product and service experience for end users.
Last month, JTPV’s parent company Drinda Corporation forecast a net loss of RMB 550 million ($75.48 million) to RMB 650 million ($89.20 million) for FY2024 (see China Solar PV News Snippets).
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