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Integrated solar manufacturer Trinasolar has reached a settlement with SHARP CORPORATION over a dispute related to a photovoltaic (PV) module contract. Trinasolar had signed an agreement with SHARP in August 2013 for 936 MW of solar modules valued at around $600 million. The delivery and payments were completed between 2013 and 2016. In October 2023, SHARP filed for arbitration with the ICC, claiming $132.2 million in compensation due to alleged backsheet insulation defects. In an announcement this month, Trinasolar stated that the dispute has been resolved and a binding framework settlement agreement has been signed. Both parties have agreed to terminate the arbitration shortly after the agreement, with no further claims remaining between them.
Elsewhere, Trinasolar announced in May that 2 of its solar technology research projects have been officially selected for China’s 14th Five-Year Plan National Key R&D Program in Renewable Energy Technologies (see China Solar PV News Snippets).
GCL Group subsidiary GCL Perovskite recently completed a Series C2 financing round, raising nearly RMB 200 million ($27.78 million). The company stated that the funds will be used to advance the industrialization of its GW-scale perovskite production base and support further research and development of perovskite products. It aims to accelerate mass production of commercial perovskite modules. The company plans to bring full-size (1.15 × 2.4 m) tandem perovskite modules to the market, which combine high efficiency and stability for commercial applications.
Last month, GCL Perovskite’s 1 GW perovskite module manufacturing base in Kunshan, Jiangsu Province, officially began operations (see China Solar PV News Snippets). The tandem modules produced at the facility achieved an efficiency of 29.51% and passed TÜV Rheinland’s triple IEC enhanced testing standards.
Hopewind, a manufacturer of solar inverters and wind converters, has forecasted significant profit growth in the first half of 2025. The company expects to record a net profit attributable to shareholders of between RMB 234 million ($32.5 million) and RMB 255 million ($35.42 million), an increase of RMB 79.22 million ($11 million) to RMB 100.22 million ($13.92 million) over the same period last year. This represents a year-on-year growth of 51.18% to 64.75%. The company attributes the performance to strong growth in its renewable energy business during the reporting period.
Solar cell and module manufacturer EGING PV expects to post a net loss attributable to shareholders of RMB 120 million ($16.67 million) to RMB 160 million ($22.22 million) for the first half of 2025. This is a significant improvement from a RMB 535 million ($74.31 million) loss the company reported in the same period last year, narrowing its losses by 65.96% to 74.47% year-over-year. The company acknowledged that continued mismatches between PV supply and demand, coupled with intensified market competition, led to ongoing losses. It attributes this improvement to ongoing efforts to improve operational efficiency, implement cost control measures, and expand diversified businesses.
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