At the Shanghai Cooperation Organization (SCO)+ Summit, Chinese President Xi Jinping announced that China will establish 3 new cooperation platforms with SCO member states, focusing on energy, green industries, and the digital economy, as well as 3 cooperation centers for scientific innovation, higher education, and vocational and technical education. Over the next 5 years, China and other SCO countries aim to jointly implement an additional 10 GW of solar and 10 GW of wind power projects.
During the summit, the SCO Council of Heads of State issued a statement on sustainable energy development, pledging to promote and expand cooperation in renewable energy development jointly. This includes proposing and implementing mutually beneficial joint energy projects, such as the construction of new energy infrastructure and the upgrading of existing infrastructure, as well as facilitating investment based on each party’s development priorities.
Leading integrated PV manufacturer JinkoSolar has passed verification by SGS, the international certification body, to obtain the ISO 20400 Sustainable Procurement Guidelines compliance statement. The company said that this certification confirms its achievements in building a professional and standardized sustainable procurement system. JinkoSolar states that it manages its suppliers through a structured system, requiring all suppliers to sign agreements covering environmental protection, occupational health, and safety clauses. The company also claims to have improved supply chain resilience through optimized procurement strategies and is actively advancing the localization of raw material sourcing, which has now reached 86.64%.
As part of its future plans, JinkoSolar recently revealed its capacity expansion targets despite industry turbulence (see Overseas Demand Led JinkoSolar’s H1 2025 Module Shipments).
Polysilicon and inverter manufacturer and renewable energy project developer TBEA reported H1 2025 revenues of RMB 48.35 million ($6.79 million), roughly flat YoY, while net profit excluding non-recurring gains and losses declined 5.3% YoY to RMB 2.79 million ($391,000). In its half-year report, the company disclosed that it produced 33,600 tons of high-purity polysilicon in H1 2025, and completed and recognized revenues for wind and solar power plant construction projects totaling 1.35 GW. As of June 2025, TBEA’s cumulative grid-connected power plant capacity totaled 4.25 GW.
In April, TBEA reported a decline of more than 61% in its net profits for FY2024 (see China Solar PV News Snippets).
Leading power developer China Huadian has announced the bidding results for its 1.2 GW inverter framework procurement project, divided into 2 packages:
The company sought to procure 600 MW of 50-150 kW string inverters under Package 1: The shortlisted bidders and bid prices are:
Kstar: RMB 0.1100 ($0.0154)/W
TBEA: RMB 0.1119 ($0.0157)/W
AUX: RMB 0.1090 ($0.0153)/W.
Package 2 involved the procurement of 600 MW of string inverters ≤50 kW. The shortlisted bidders and bid prices are:
Sineng Electric: RMB 0.1098 ($0.0154)/W
Kstar: RMB 0.1100 ($0.0154)/W
TBEA: RMB 0.1080 ($0.0151)/W.
China Huadian recently announced the results of its 20 GW 2025-2026 centralized solar PV module procurement (see China Solar PV News Snippets).
Port equipment manufacturer HDHM announced that its PV manufacturing subsidiary, ORI Solar, has filed for bankruptcy restructuring, which has been accepted by a local court. According to the restructuring notice, ORI Solar currently operates a 4 GW TOPCon solar cell production facility but is unable to repay its debts and is seeking new investors for restructuring. This bankruptcy filing reflects HDHM’s unsuccessful foray into the solar sector.
HDHM’s interim report shows that in the first half of 2025, its PV business revenues were only RMB 2.06 million ($288,300), down 99.21% YoY, accounting for less than 1% of its total revenues for the period.
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