Tier 1 PV module supplier Astronergy has announced that its Haining and Yancheng production bases have passed the Solar Stewardship Initiative (SSI) ESG certification. As a result, the Chint Group subsidiary’s 2 bases were awarded a Silver Rating by TÜV Rheinland. SSI, founded by SolarPower Europe and Solar Energy UK, is an environmental, social, and governance (ESG) standard covering the entire photovoltaic industry. The SSI takes a hands-on approach, actively working through independent assessment bodies to establish and verify information on current transparency levels and ESG performance at production sites along the solar value chain. Astronergy says this certification is a significant milestone in its commitment to ESG excellence.
In January 2025, Astronergy's ASTRO N7s ZBB-TOPCon modules received 3 TÜV NORD certificates (see China Solar PV News Snippets).
Integrated solar PV manufacturer GCL SI has announced that its wholly-owned subsidiary Suzhou GCL SI plans to establish a new joint venture (JV) with its affiliated company, Xuzhou Risheng Low Carbon Industrial Investment. The new JV will indirectly control solar cell manufacturer Top Solar and will have the right to inject an additional RMB 800 million ($110.50 million) to enhance competitiveness.
GCL SI stated that this investment aims to expand cell capacity at a lower cost, leveraging its existing 30 GW module and 16 GW cell capacity, while flexibly coordinating Top Solar’s 12 GW cell production capacity to ensure supply chain stability. Additionally, GCL SI plans to upgrade some of Top Solar’s production lines to back contact (BC) cell capacity.
In 2024, Top Solar reported an operating revenue of RMB 515.40 million ($71.22 million) but recorded a net loss of RMB 543.55 million ($75.10 million).
Earlier this month, Guangde Yuneng New Energy Technology Co., Ltd., another GCL Group subsidiary, announced its plans to establish a PV module and solar thermal module manufacturing facility in Guangde City, Anhui Province (see China Solar PV News Snippets).
The IPO prospectus of China Resources New Energy Holdings Co., Ltd., (CR New Energy) has been accepted by the Shenzhen Stock Exchange. CR New Energy is the renewable energy developing subsidiary of energy project developer CR Power.
According to the prospectus, CR New Energy achieved a revenue of RMB 17.15 billion ($2.37 billion) and a net profit of RMB 6.35 billion ($877.01 million) for the 9 months of January to September 2024. As of the end of September 2024, the company’s grid-connected power generation capacity was 28.21 GW, including 21.57 GW from wind power projects and 6.64 GW from solar power projects, accounting for 4.5% and 0.86% of the national market share, respectively.
The company aims to raise RMB 24.5 billion ($3.38 billion) through this IPO to fund the construction of wind and solar power projects. The funds will be allocated to a 2.8 GW renewable energy base, a 2.5 GW integrated multi-energy complementary project, a 1.31 GW green ecological development project, and a 565 MW integrated development renewable energy project.
Leading glass manufacturer CSG Holding has announced that its newly installed second furnace at its photovoltaic glass production line in Beihai, Guangxi Province is now operational. The 1,200-ton-per-day furnace is part of CSG's solar photovoltaic green energy industrial park being built in 2 phases for a total investment of RMB 10.2 billion ($1.41 billion). Once complete, it will consist of 4 PV glass production lines, each with a daily capacity of 1,200 tons, a 5 GW module production facility, and 2 electronic and optoelectronic glass production lines, each with a daily capacity of 700 tons. An R&D center for thin-film solar cells & BIPV and a high-purity quartz sand application research center are also part of the plan. The first furnace started operation in March 2024.
According to data from the National Bureau of Statistics of China, large-scale industrial enterprises – those with annual revenue exceeding RMB 20 million ($2.76 million) – generated a total of 1,492.1 TWh of electricity in January–February 2025, a slight year-on-year (YoY) decline of 1.3%. Thermal power generation decreased by 5.8% compared to 2023, while other power sources grew.
In the renewable energy sector, solar power generation reached 72.4 TWh, a 27.4% YoY increase, accounting for 4.85% of total industrial electricity production. Wind power generation reached 177.6 TWh, up 10.4%, making up 11.9% of total output.
During the first 2 months of 2025, China’s large-scale solar cell manufacturers produced 87.36 GW of solar cells, a growth of 5.9% YoY.
Late last month, CPIA forecast China’s 2025 solar PV installations to drop 8% to 22% YoY from 2024 (see China’s Solar PV Market To Slow Down To Around 255 GW In 2025).
Focusing on the Indian market, TaiyangNews is hosting its 1st Solar Technology Conference India 2025, in person, on April 10 and 11, 2025 in New Delhi, India. It will bring in all technologists, scientists and engineers who are facilitating the building of another strong solar PV manufacturing destination. Early-bird registrations are on here.
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