Leading HJT manufacturer Huasun Energy has officially signed a strategic cooperation agreement with Haier New Energy (formerly known as NAHUI), the renewable energy subsidiary of home appliance giant Haier. With this signing, the 2 companies have agreed to collaborate on ground-mounted solar photovoltaic (PV) bases, commercial and industrial (C&I) PV projects, and residential PV projects. Their cooperation will span project development, module supply, and EPC contracting to drive high-quality development in the renewable energy sector. Additionally, the partners aim to jointly develop innovative renewable energy applications, leveraging their respective strengths and resources. By integrating their distribution channels, they aim to establish pilot projects across various markets in China, promoting the commercialization of heterojunction technology.
Last month, Huasun shared field test data showing its HJT modules produced 7% more energy yield than BC modules (see China Solar PV News Snippets).
Solar power investor, developer and operator Jinko Power has announced a valuation enhancement plan in response to its stock price remaining below the audited net asset value (NAV) per share for 12 consecutive months. The company aims to focus on the development, construction, and transfer of renewable energy power projects, reinforcing its asset-light operational model and improving its asset transaction capabilities.
Additionally, Jinko Power plans to repurchase shares when appropriate and has already invested nearly RMB 600 million ($82.87 million) in buybacks to support market value. The company has also committed to maintaining a cash dividend payout ratio of no less than 30% of net profit for 2024 and will implement a long-term employee incentive plan to retain key personnel. Jinko Power also intends to enhance voluntary information disclosure and release its first ESG report.
In October 2024, Jinko Power reached an asset transaction cooperation agreement with Avenue Capital Group, completing the first batch transaction of a 268 MW residential asset package (see China Solar PV News Snippets).
A research team from the East China University of Science and Technology (ECUST), led by Professors Yu Hou and Shuang Shuang, has published a study in Science titled “Graphene-polymer reinforcement of perovskite lattices for durable solar cells.”
The study identifies a key instability mechanism in perovskite photovoltaics – photo-mechanical induced decomposition – and introduces a novel graphene-polymer mechanical reinforcement method for perovskite materials. The resulting solar cell devices have achieved a record-breaking T97 operational lifetime of 3,670 hours under standard sunlight exposure and high-temperature conditions. The research team believes this breakthrough provides a new pathway for the commercialization of perovskite solar cells.
Solar inverter and ESS maker GoodWe has launched the new SDT G4 series, an upgraded version of its SDT series residential solar PV inverters. The company says the SDT G4 series has been optimized to enhance the home energy experience, featuring:
Low noise operation: Features a noise level of below 45 dB, equivalent to the ambient noise level in a library.
Multi-MPPT design: Supports flexible integration with modules of different orientations, tilts, and specifications, effectively addressing rooftop shading and multi-faceted installations to maximize module efficiency.
Enhanced digital management: Supports dual 485 communication channels. When integrated with the GoodWe Smart Energy App, it enables full-lifecycle digital operation and maintenance.
On the financial side, GoodWe recently reported that its FY2024 net profits declined 107% YoY (see China Solar PV News Snippets).
Binhai Energy, a lithium battery anode material manufacturer, is venturing into renewable energy development. According to its latest announcement, the company plans to invest in a 580 MW integrated renewable energy project through its wholly-owned subsidiary. The project, located in Ulanqab City, Inner Mongolia, will require a total investment of RMB 2.979 billion ($411.43 million) and will be developed in 2 phases. The project will comprise 450 MW of wind power, 130 MW of solar PV capacity, and an energy storage system with a capacity of 116 MW/4 hours. It will also include the construction of a 220 kV booster station, transmission lines, and a control platform.
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