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.
Frank Haugwitz, Director at AECEA, will deliver a presentation titled ‘China Solar Insights: An Assessment of Recent Domestic Regulatory Changes’ at the TaiyangNews Global Solar Market Developments 2025 - H1 Review & H2 Outlook Webinar.
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 tomorrow, July 17, 2025, from 10:00 to 11:30 a.m. CEST.
Register for free here.
GCL Group company GCL SI and Chint Group subsidiary Astronergy have been named as the winners in a recent module procurement tender for a 766.6 MW PV project launched by China Huadian’s subsidiary, Huadian New Energy. The project will supply solar PV modules for Huadian New Energy's upcoming 640 MW AC solar power plants. GCL SI won the first-ranked bid with a quoted price of RMB 0.708/W ($0.0988/W), while Astronergy was named the second-ranked bidder with a bid of RMB 0.74/W ($0.1033/W).
Sichuan Panli New Energy Technology Co., Ltd., a solar manufacturer founded in early 2025, has submitted an environmental impact assessment (EIA) for the construction of a 100 MW perovskite thin-film PV module manufacturing facility in Mianning County, Panzhihua City, Sichuan Province. According to the EIA report, the company plans to invest RMB 250 million ($34.72 million) to build the factory in 2 phases, with an annual production capacity of 100 MW, utilizing the latest generation of perovskite thin-film PV technology.
Leading back-contact (BC) solar cell and module manufacturer AIKO has projected a net loss of RMB 170 million ($23.61 million) to RMB 280 million ($38.89 million) for H1 2025. This is a vast improvement from the RMB 1.7447 billion ($243.02 million) loss in the same period last year. In its earnings preview, AIKO cited strong sales and production of its ABC modules, with a marked increase in overseas market share. The company reported improving gross margins, reduced product costs and operating expenses, and a significant reduction in inventory impairment losses. As a result, AIKO’s overall operating performance improved substantially compared to H1 2024.
In June, AIKO announced plans to raise up to RMB 3.5 billion ($486 million) through a private share offering to fund a 15 GW n-type ABC solar cell facility (see China Solar PV News Snippets).
Announcing the preliminary financial results for the first half of 2025, Chinese solar cell and module manufacturer DMEGC Solar stated that its net profit increased significantly during the period. According to its preliminary financial results, the company expects net profit attributable to shareholders to reach between RMB 960 million ($133.33 million) and RMB 1.05 billion ($145.83 million), an increase of 49.6% to 63.6% year-over-year (YoY) from RMB 641.8 million ($89.39 million) in H1 2024. The company attributes this growth to robust demand in the solar installation market, strategic differentiation in overseas production capacity, and improvements in both technology and production cost control. DMEGC also reported positive performance in its magnetic materials and lithium battery businesses, contributing to its overall earnings growth.
For Q1 2025, the company reported a 23.35% and 29.65% YoY increase in revenues and net profits (see China Solar PV News Snippets).
.png?w=50&fm=png){kind=logo}