Heterojunction (HJT) cell and module maker Huasun Energy has won the bid for an expansion project of China’s National Wind-Solar-Storage-Transmission Demonstration Program. The tender, considered the highest power-level module procurement to date, required module power output between 720 W and 740 W.
The project is located in the Bashang region of Zhangjiakou, Hebei Province, and is scheduled to be grid-connected in October this year. It is a key national new energy demonstration project and part of China’s Science and Technology Support Program and the State Grid’s pioneering Smart Strong Grid pilot initiative. It is set to become the world’s largest integrated renewable energy platform, combining wind, solar, energy storage, and long-distance power transmission.
Recently, Huasun Energy and TÜV Rheinland jointly launched the first evaluation framework for vertically mounted solar PV modules (see China Solar PV News Snippets).
At the recent TaiyangNews & SNEC Solar Leadership Conversations 2025, Huasun Energy Chairman and CEO Jimmy Xu shared insights into the company’s strategic direction amid uncertain times and outlined its technology roadmap (see SNEC 2025 Exclusive: Interview With Huasun Energy Chairman & CEO Jimmy Xu).
Fox ESS, a manufacturer of PV inverters and energy storage systems (ESS), has launched its initial public offering (IPO). The company specializes in on-grid inverters, storage inverters, and lithium battery systems.
According to its prospectus, Fox ESS plans to issue up to 90 million A-shares and aims to raise over RMB 1.6 billion ($222 million). The proceeds from the IPO will be used to construct a smart energy storage industrial park, R&D facilities, marketing and technical support systems, and as working capital.
For the period spanning 2022 to 2024, the company reported revenues of RMB 2.49 billion ($345.83 million), RMB 2.90 billion ($402.78 million), and RMB 3.39 billion ($470.83 million) respectively, with net profits of RMB 199.06 million ($27.65 million), RMB 149.29 million ($20.73 million), and RMB 267.49 million ($37.15 million).
Huadian New Energy, the wind and solar energy platform of China Huadian Group and one of China’s largest energy developers, has released its IPO intention statement for a planned listing on the main board. The company intends to issue 4.969 billion shares and raise approximately RMB 18 billion ($2.5 billion) to invest in renewable energy projects.
The capital will be allocated to various project categories, including large-scale wind-solar hybrid bases, local load consumption projects, new power system integration, and ecological and green development initiatives. The total investment required for these projects is estimated at RMB 80.45 billion ($11.18 billion).
As of the end of 2024, Huadian New Energy reported total revenue of RMB 33.68 billion ($4.7 billion), including RMB 22.74 billion ($3.2 billion) from wind power and RMB 10.94 billion ($1.5 billion) from solar power. The company had a total installed capacity of 68.62 GW, including 32.02 GW of wind (6.15% market share) and 36.59 GW of solar (4.13% market share).
Recently, China Huadian announced that its subsidiary has completed the hoisting of the first grid-connected platform for its 1.8 GW offshore solar pilot project in Qinhuangdao (see China Solar PV News Snippets).
China's Ministry of Industry and Information Technology (MIIT), along with 8 other departments, has issued the Implementation Plan for High-Quality Development of the Gold Industry (2025-2027). While focusing on the gold and silver sectors, the plan emphasizes quality improvements and broader adoption of advanced silver-based materials used in photovoltaics, such as silver paste for solar cells, gold (silver) electrical contact alloys, and high-purity, low-carbon target materials for semiconductors.
The plan also promotes the recycling of precious metals from discarded electronics, decommissioned solar PV modules, spent catalytic converters, and obsolete gold and silver products, highlighting a circular approach to critical material supply chains.
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