The global solar market has continued to grow in the first 6 months of 2025, but with notable shifts. Solar installations soared in the first half of this year, especially in China, but a new policy framework puts a big question mark on demand in the second half of the year and beyond in the world’s most dominant solar market.
Marius Bakke, Vice President of Rystad Energy, will be speaking on the topic Challenges and Opportunities in the Global Solar Market at the TaiyangNews Webinar titled Global Solar Market Developments 2025 - H1 Review & H2 Outlook.
Join us as leading global experts assess solar market developments in H1 2025 and offer an outlook for H2 2025 and beyond. The Webinar will take place on July 17, 2025 (Thursday) from 10:00 to 11:30 a.m. CEST.
Register for free here.
PV and ESS manufacturer JinkoSolar has signed a memorandum of understanding (MoU) with the University of New South Wales (UNSW) for a joint technology R&D initiative, and an agreement with the NATIONAL INNOVATION CENTER par EXCELLENCE (NICE) of China to establish a joint innovation center. The UNSW collaboration, focused on the topic Photovoltaic Recycling and Sustainability (PVRS), aims to raise PV module recycling efficiency from the current industry average of 75% to over 95%. JinkoSolar stated that it will support the joint laboratory with NICE over the next 5 years, focusing on cutting-edge technologies in PV cells and modules, fundamental materials, reliability and degradation mechanisms, and efficient, eco-friendly recycling technologies.
JinkoSolar, in its capacity as Chair of the Finance Task Force of the Global Solar Council (GSC), officially released its position paper titled ‘How to Finance Solar for All?’ during the London Climate Week 2025 (see China Solar PV News Snippets).
Leading vertically integrated solar manufacturer Tongwei Corporation has released its projections for the first half of 2025, forecasting a net loss attributable to shareholders of RMB 4.9 billion ($683.67 million) to RMB 5.2 billion ($725.53 million). This marks a significant increase from the RMB 3.129 billion ($436.57 million) loss during the same period in 2024. Despite continued growth in domestic and international PV installations, the company cited ongoing supply-demand imbalance and persistent price declines across the value chain as key factors for the loss. However, Tongwei expressed confidence in its long-term outlook, highlighting strong financial liquidity and ongoing breakthroughs in R&D.
According to its recent release, solar wafer and module giant TCL TZE is expecting to report a net loss of RMB 4.0 billion ($558.1 million) to RMB 4.5 billion ($627.86 million) for H1 2025. This is in contrast to a net profit of RMB 3.064 billion ($427.50 million) during the same period last year. The company attributes the losses to persistent oversupply, inventory pressure, and continuous price declines, further worsened by inventory write-downs.
Huawei Digital Power has supplied its string-type grid-forming storage system for the 30 MW PV + 6 MW / 24 MWh grid-forming energy storage project in Gerze, Tibet. The company claims its system is the first globally to operate successfully in high-altitude, extreme-cold, and weak-grid environments. The project, located 4,600 meters above sea level with temperatures as low as -35°C, was recently connected to the grid. Huawei claims that adding its storage system increased the project’s output from 1.5 MW before to 12 MW. The system enables 1 MWh of storage capacity to support an additional 1.75 MW of PV output.
Fudar Alloy, a manufacturer of electrical contact materials, has announced it has acquired a 51% stake in solar cell silver paste manufacturer Gonda Electronics. Once the acquisition is complete, Gonda will become a majority-owned subsidiary of Fudar Alloy. Gonda specializes in the R&D, manufacturing, and sales of electronic pastes, with a focus on TOPCon cell silver pastes. Solar module manufacturer DAS Solar currently holds an 8.56% stake in Gonda.
China's Ministry of Industry and Information Technology (MIIT) recently issued the Implementation Plan for High-Quality Development of the Gold Industry (2025-2027), which, among other things, emphasized quality improvements and broader adoption of advanced silver-based materials used in photovoltaics (see China Solar PV News Snippets).
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