PV encapsulation film manufacturer Cybrid Technologies has announced the first mass delivery of its light conversion film designed for perovskite tandem modules. While the company did not disclose the customer's name, it confirmed that the shipment was made to a well-known US PV company. Cybrid noted that this is the first commercial-scale application of such technology for perovskite modules globally.
The film leverages a proprietary light-conversion mechanism that converts harmful ultraviolet radiation into visible light that benefits perovskite materials. This process significantly reduces UV-induced degradation, enabling module makers to enhance durability and extend service life, addressing a key bottleneck in perovskite industrialization. In addition, by improving light quality, the film increases effective light input into the module. Laboratory tests indicate that the technology can deliver an approximate 5% relative boost in power conversion efficiency.
On the financial side, Cybrid reported revenues of RMB 686.65 million for Q3 2025, up 4.84% YoY (see China Solar PV News Snippets).
TrinaPower, the distributed solar development and operations brand under Trinasolar, has received approval from the Shanghai Stock Exchange for a green, carbon-neutral real estate asset-backed securities (ABS) plan aimed at supporting rural revitalization. The company is undertaking this ABS project jointly with Taiping Asset Management.
The offering is planned at RMB 3.05 billion, leveraging diverse and innovative financing tools available in the real estate investment trust (REIT) market. Backed by revenue streams from distributed solar power plants, including electricity sales, power-tariff income rights, or equipment leasing, the project aims to build a new platform for circulating distributed PV assets. It is said to be the first ABS in the distributed PV sector to integrate the 3 themes of ‘carbon neutrality + green development + rural revitalization’.
Last month, TrinaPower partnered with Huaneng Guicheng Trust Co., Ltd. and Huaxia Bank to launch 2 green trust investment projects totaling RMB 1.5 billion (see China Solar PV News Snippets).
Jilin Province has released the bidding rules for its first mechanism-tariff program covering incremental renewable energy projects. The bidding is open to renewable energy installations scheduled for full-capacity commissioning between June 1, 2025, and December 31, 2026, with mechanism electricity totaling 4.576 billion kWh(including 714 million kWh for solar PV and 3.862 billion kWh for wind power). Both technologies share the same bidding caps: a maximum tariff of RMB 334/MWh and a minimum of RMB 150/MWh, with an execution period of 12 years. For individual projects, the upper limit for the declared grid-connected electricity volume is set at 85% of their annual total grid-exportable electricity.
China’s Ministry of Ecology and Environment has released the 2025 Annual Report on China’s Policies and Actions for Addressing Climate Change, outlining the country’s climate-response policies, measures, and key achievements since 2024, as well as newly established targets.
In 2024, China’s carbon dioxide emissions per unit of GDP continued to decline from 2005 levels, non-fossil energy accounted for 19.8% of total energy consumption, and forest coverage surpassed 25%. By the end of June 2025, the nation’s renewable energy installed capacity reached 2.16 billion kW, representing more than 40% of the global total. Wind and solar installations amounted to 1.67 billion kW, accounting for nearly half of global capacity.
The report highlights China’s support for a global green and low-carbon transition. Since 2016, China has provided and mobilized more than RMB 177 billion in project funding to assist other developing countries in addressing climate change. By the end of 2024, China had signed 54 South-South climate cooperation agreements with 42 developing nations, helping them strengthen climate adaptation and mitigation capabilities.
The report reiterates China’s 2035 NDC targets:
Achieving a 7%-10% reduction in economy-wide net greenhouse gas emissions from peak levels, with the ambition to exceed this range.
Raising the share of non-fossil energy consumption to over 30%.
Expanding wind and solar installed capacity to more than 6 times the 2020 level, targeting 3.6 billion kW.
Increasing forest stock volume to above 24 billion cubic meters.
