Trina Solar has set a world record for solar module efficiency at 25.44%, verified independently by the CalLab at Fraunhofer ISE.
JinkoSolar has filed a patent infringement lawsuit against Longi over tunnel oxide passivated contact (TOPCon) solar cell technology, with the first hearing scheduled for Feb. 13, 2025.
China’s Haitian Group has agreed to acquire Heraeus’ photovoltaic silver paste business for $68.6 million, including 100% equity in Heraeus Photovoltaics (Shanghai), Heraeus Photovoltaic Technology (Shanghai), and Heraeus Photovoltaics Singapore.
Maxeon Solar Technologies and Tongwei have settled a global patent dispute over shingled solar cell and module technologies, ending litigation initiated by Maxeon in Germany in 2023.
The authorities in China’s Jiangsu province have launched an offshore solar development plan (2025-30), targeting 27.25 GW from 60 projects. The plan aims to connect 10 GW of offshore solar to the grid by 2027, with a goal of up to 20 GW by 2030.
Xinyi Solar says it expects a 70% to 80% profit decline for the year ending Dec. 31, 2024, due to low market prices, higher plant suspension costs, and inventory writedowns.
Major Chinese companies such as Tongwei, Daqo, and GCL-Poly have cut silicon production, driving concerns over rising polysilicon prices.
SinoLink Securities says aluminum frames now dominate solar panel costs, as material price shifts reshape the cost structure of the PV industry and drive the need for innovation.
China’s first zero-carbon highway, the 152.7 km Jinan-Hefei Highway, has opened for traffic, featuring renewable energy systems, advanced tracking technology, and design elements aimed at cutting net carbon emissions by 9,000 tons per year.
Huaneng Group has begun phase two of its Jintan Salt Cavern CAES project in China. It is set to become the world’s largest compressed air energy storage facility with groundbreaking advancements in power output and efficiency.
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