Global Solar PV manufacturer JA Solar has announced the first shipment of its DeepBlue 5.0 n-type TOPCon modules from its fully automated production base in Yangzhou, Jiangsu Province. The DeepBlue 5.0 is the company’s new flagship high-efficiency module series, built on its proprietary Bycium+ 5.0 n-type cell technology and advanced TOPCon architecture. The module is rated for a power output of up to 650 W at a conversion efficiency of 24.07%.
JA Solar is also making progress on the perovskite tandem side, with its in-house 210 mm perovskite/crystalline silicon tandem cell achieving 31.27% efficiency (see China Solar PV News Snippets).
Polysilicon and wafer manufacturer GCL Tech reported positive preliminary results for the third quarter of 2025. The company’s PV materials segment is expected to record a profit of around RMB 960 million ($134 million), including approximately RMB 640 million ($89 million) from the sale of an associate company. This compares to a loss of RMB 1.81 billion ($252 million) in the same period last year. Adjusted EBITDA for the quarter reached RMB 1.41 billion ($197 million), reversing a loss of RMB 571 million ($80 million) year-over-year (YoY).
During Q3, GCL Tech’s average polysilicon selling price was RMB 42.12/kg ($5.87/kg), up from RMB 35.71/kg ($4.98/kg) in Q1 and RMB 32.93/kg ($4.59/kg) in Q2. Meanwhile, its average production cash cost continued to decline to RMB 24.16/kg ($3.37/kg), compared with RMB 27.07/kg ($3.78/kg) and RMB 25.31/kg ($3.53/kg) in the first and second quarters, respectively.
GCL Tech recently completed a private placement of 2,029,565,000 shares, with an aim to acquire polysilicon manufacturing assets (see China Solar PV News Snippets).
Inverter manufacturer Solis (Ginlong Technologies) has released its Q3 2025 financial results. The company recorded operating revenues of RMB 1.869 billion ($260.5 million) for the quarter, up 3.43% YoY, and net profit attributable to shareholders (excluding non-recurring items) of RMB 253.43 million ($35.33 million), down 18.42% YoY.
For the first 3 quarters of 2025, Solis achieved total operating revenues of RMB 5.662 billion ($788 million), an increase of 9.71%, and net profit (excluding non-recurring items) of RMB 802.21 million ($111.9 million), up 27.32% compared with the same period last year.
In August, Solis reported an almost 71% increase in its net profit attributable to shareholders for H1 2025 (see China Solar PV News Snippets).
State Grid of Xinjiang has released the latest bidding results for renewable energy mechanism tariffs, covering 67 solar PV and wind power projects with a combined generation volume of 22.15 billion kWh.
Of the total, 31 PV projects (including 19 centralized and 12 distributed) account for 3.61 billion kWh of mechanism electricity, all priced at RMB 0.235/kWh ($0.033/kWh).
The 36 wind power projects (including 34 centralized onshore and 2 distributed onshore) represent 18.54 billion kWh, all priced at RMB 0.252/kWh ($0.035/kWh).
China’s 2 major grid operators – State Grid Corporation of China (SGCC) and China Southern Power Grid (CSG) – have completed the country’s first interregional power dispatch via spot trading. In this transaction, SGCC consolidated electricity demand data from the East China region to generate a price-quantity curve, which CSG used as the basis for completing market clearing and achieving on-demand, precision power delivery.
A total of 1.8 million kW of clean electricity from the Southern Grid was transmitted through DC channels to the Yangtze River Delta (mainly Zhejiang and Shanghai), with a total transaction volume of 42.3 million kWh.
