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Longi claims 34.6% efficiency for perovskite-silicon tandem solar cell

The European Solar Test Installation (ESTI) has confirmed Longi’s achievement of a world record-breaking efficiency rating of 34.6% for a perovskite-silicon tandem solar cell.

Chinese PV Industry Brief: China Resources reveals winners of 1.85 GW tender

China Resources Power has announced the winners of its second PV module procurement round for 2024, while Sichuan Shuoyang Heterojunction New Energy has revealed plans to invest in a 10 GW heterojunction solar cell (HJT) project in Sichuan province.

State Grid commissions 1.4 GW of pumped hydro storage in China

State Grid Corp. of China says it has finalized a pumped-hydro storage project consisting of four reversible pump-turbine generator units, each with a capacity of 350 MW. It is located near Xiamen, in China’s Fujian province.

Chinese PV Industry Brief: Longi to issue $1.38 billion of bonds

Longi says it will issue up to CNY 10 billion ($1.38 billion) of bonds. It will primarily use the funds to support operational needs, supplement working capital, repay interest-bearing debts, and aid project construction and operations.

China’s updated electricity market rules to benefit renewables, storage

China’s updated power market regulation now encompass a broader range of market participants, including energy storage entities, in a bid to ensure secure operation.

Longi denies rumors about factory closures in Southeast Asia

Chinese manufacturer Longi says it is not shutting down its factory in Malaysia, nor it is idling its production lines in Vietnam, but it acknowledges that it is implementing production adjustments at these facilities.

World’s largest solar plant goes online in China

China Green Development Group has switched on the 3.5 GW Midong solar project in Urumqi, China’s Xinjiang region. The project required an investment of CNY 15.45 billion ($2.13 billion).

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Chinese PV Industry Brief: NEA moves forward with curtailment plan

China’s National Energy Administration (NEA) says that utilization rates of solar and wind projects in specific provinces must not fall below 90%.

Are the days of cheap finance for Chinese solar over?

The Chinese PV industry has benefited from the availability of substantial finance over the past two decades, supporting the development of the renewable, zero-carbon capability essential for meeting the goals of the Paris climate agreement. Easy access to finance has led to unsustainably low prices and unnecessary losses, however, impacting China’s ability to sustain support for renewable energy systems. As the nation expands clean power installations and enhances grid-balancing capacity, maintaining consistent financial support has become more challenging.

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TCL Zhonghuan reveals plans to acquire majority stake in Maxeon

Chinese wafer manufacturer TCL Zhonghuan says it wants to invest around $197.5 million to increase its stake in Maxeon from 22.39% to at least 50.1%. A Maxeon spokesperson told pv magazine that the plan would place the company in a solid financial position.