MSCI has upgraded LONGi’s Environmental, Social, and Governance (ESG) rating to ‘A’, according to its latest assessment.
The MSCI report highlighted LONGi’s strong performance in corporate governance, supply chain labor standards, and responsible sourcing, with its Weighted Average Key Issue Score (WAKIS) ranking the highest among A+H share semiconductor companies. This is LONGi’s second consecutive year of rating improvement.
The company also achieved notable results in other ESG ratings: Wind (AA), Morningstar Sustainalytics (24.5 points), FTSE Russell (3.8 points), and CDP Water Security (A–).
In a conversation with TaiyangNews Managing Director Michael Schmela, LONGi reported achieving 47.5% renewable electricity usage across its operations, with an aim to achieve 100% through a mix of rooftop PV, PPAs, and certified green power sources (see LONGi On Sustainability).
The Ministry of Ecology and Environment, the National Bureau of Statistics, and the National Energy Administration have jointly released the 2024 carbon footprint factors for China’s power generation mix. According to the report, the national average carbon footprint factor declined by 6.9% year-on-year to 0.5777 kgCO₂e/kWh, mainly due to the continued rise in renewable energy generation. The report covers multiple power generation technologies, including solar PV, wind, nuclear, and coal-fired power, as well as transmission and distribution footprint factors.
Among specific technologies, Solar PV power averaged 0.0520 kgCO₂e/kWh, wind power 0.0324 kgCO₂e/kWh, and coal-fired generation 0.9240 kgCO₂e/kWh – all showing declines compared to 2023.
Solar PV materials and module manufacturer Jolywood reported Q3 revenue of RMB 594.19 million ($82.7 million), down 59.4% year-over-year. Its net loss widened to RMB 234.31 million ($32.67 million) after non-recurring items, from RMB 12.39 million ($1.73 million) in the same period last year.
In a recent investor relations announcement, the company revealed plans to gradually upgrade part of its 16 GW TOPCon cell factory in Shanxi province to produce back-contact (BC) cells. Jolywood claimed it is developing silver-free, low-cost, high-efficiency BC cells that integrate TOPCon and IBC technologies into a hybrid TBC structure, which has already completed pilot testing.
In August, Jolywood reported 7.25% year-over-year revenue growth for H1 2025 (see China Solar PV News Snippets).
Drinda, the parent company of Jietai Solar (JTPV), reported Q3 2025 revenues of RMB 2.02 billion ($281.66 million), up 10.42% year-over-year. The company posted a net loss (excluding non-recurring items) of RMB 250.04 million ($34.85 million), narrowing 27.48% from the same period last year.
The company also provided an update on its overseas capacity expansion plans, noting that Drinda and Turkish energy technology firm Schmid Pekintaş Energy are jointly building a 2 GW high-efficiency solar cell production base in Turkey. Regarding its planned 5 GW high-efficiency cell project in Oman, the company said it would carefully evaluate profitability and risk in light of international trade conditions, tariff policies, and market trends before proceeding.
In May, Drinda announced that it has become the first PV company to list on the stock exchanges of both mainland China (A shares) and Hong Kong (H shares) (see China Solar PV News Snippets).
