Solar energy developer and cell & module maker CECEP Solar has received the first equipment for its 3 GW high-efficiency solar cell manufacturing facility in Pingyi County, Linyi City, Shandong Province. The company is investing a total of RMB 1 billion ($138.79 million) in this facility, with a planned annual capacity of 3 GW TOPCon cells. According to the company's environmental impact report, construction started in March 2025 and is scheduled to end in July 2025.
CECEP Solar is also building a 5 GW solar module plant in the vicinity, with phase 1 (2 GW) having started in January 2025. The company plans to feed the cells produced at the above mentioned 3 GW line to this module production line.
Last month, CECEP Solar released its 2024 annual report, reporting a 36.7% YoY decline in its revenues and 22.38% decline in net profit (see China Solar PV News Snippets).
China Energy Engineering Corporation (Energy China), one of the biggest power developers in China, has received approval from the Shanghai Stock Exchange to raise RMB 9 billion ($1.25 billion) through a targeted A-share issuance. According to its June 2024 prospectus, the funds will support the construction of 4 renewable energy (RE) projects, namely:
1.5 GW Integrated Solar-Thermal-Storage Demonstration Project in Hami, Xinjiang, including 1.35 GW of PV and 150 MW of thermal storage concentrated solar power (CSP), developed under an integrated model.
1 GW Integrated CSP and PV Project in Turpan, Xinjiang, comprising 900 MW of PV and 100 MW of CSP with storage.
300 MW Advanced Compressed Air Energy Storage Demonstration Project.
1GW Wind Power Project in Bukhara, Uzbekistan, co-owned by ACWA POWER BASH WIND LLC and ACWA POWER DZHANKELDY WIND LLC.
Energy storage solution provider AlphaESS has officially broken ground on its new Southwest production base, which will focus on energy storage system (ESS) manufacturing. The facility will cover over 97,000 square meters and will prioritize core production lines for solid-state battery and flow battery technologies. Planned infrastructure includes PACK intelligent assembly lines, energy storage container assembly lines, and battery testing systems, all equipped with advanced smart hardware and software. Once operational, the facility is expected to achieve an annual production capacity of 5 GWh of ESS.
Fuyang Yingxun Industrial Investment Co., Ltd., a state-owned enterprise under the Yingshang County Finance Bureau, has announced its plans to invest RMB 850 million ($117.96 million) in a 3 GW n-type solar cell manufacturing facility in Yingshang County, Fuyang City, Anhui Province. According to its environmental impact assessment, construction is set to begin in August 2025 and with a December 2025 completion deadline. The plant will produce n-type TOPCon solar cells with 26.5% efficiency and includes infrastructure reserved for expansion up to 8 GW capacity.
Solar junction box manufacturer Zerun New Energy has officially gone public on China’s ChiNext Board. Although the company originally aimed to raise RMB 720 million (~$100 million), it secured RMB 528 million ($73.3 million) given a lower offering price. It plans to use the proceeds for several initiatives, including: expansion of PV junction box production, construction of battery boxes for NEVs (new energy vehicles), and a new R&D center. Zerun submitted its registration for an initial public offering (IPO) on the ChiNext board in February 2025 (see China Solar PV News Snippets).
The PV junction box facility, based in Changzhou City, Jiangsu Province, was planned to involve an investment of RMB 303.61 million ($42.15 million) to build a production capacity of 35 million universal junction boxes and 1 million smart junction boxes annually. Zerun reported sales of 29.77 million units in 2022, 49.61 million units in 2023, and 60.77 million units in 2024.
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