Chinese PV Industry Brief: Daqo, Tongwei, Aiko Solar post Q1 losses
Chinese solar manufacturers reported sharply mixed Q1 results amid ongoing polysilicon and module price pressure, with output increases, weak demand-driven margin compression, and continued net losses.
HY Solar unveils 670 W TOPCon modules with 24.8% efficiency
HY Solar has launched the HT3.0 quad-cut module at its Jiangyin base, marking an upgrade to its n-type portfolio built on TOPCon 3.0 cell technology with up to 27.5% cell efficiency. The manufacturer said the new product features PSP quad-cut architecture, high bifaciality and low degradation.
Mitsubishi launches propane air-to-water heat pumps for large homes, light commercial applications
Mitsubishi has expanded its Hydrolution EZY R290 heat pump series with two models with capacities of 10 kW and 14 kW. The new products use R290 refrigerant and can deliver up to 75 C flow temperatures.
Inox Clean buys U.S. PV manufacturing assets of Boviet Solar for $750 million
Through this million asset purchase, Inox Clean acquires 3 GW of operational TOPCon solar module manufacturing capacity in the United States, aligning with the “Make in America, For America” initiative.
India installs 15.3 GW of solar capacity in Q1
India installed 15.3 GW of solar capacity in the first quarter of 2026 – the highest quarterly addition on record – representing a 143% year-on-year increase, according to Mercom India.
US solar makers accuse Toyo and Origin Solar of duty evasion in Ethiopia
Eight US solar manufacturers have filed an anti-circumvention complaint with the US Department of Commerce, alleging that solar cells and modules assembled in Ethiopia using Chinese-origin components are evading existing antidumping and countervailing duty orders on Chinese solar products.
India’s storage market shifts from tenders to execution
Ratul Puri, chairman of Hindustan Power, tells pv magazine that India’s battery energy storage system (BESS) market is moving from aggressive tendering toward large-scale project execution, as the country increasingly prioritizes grid integration, transmission readiness and long-term supply resilience.
Hanwha Japan unit closes JPY 9 billion solar fund loan
Sumitomo Mitsui Banking Corp. (SMBC) has arranged a JPY 9 billion ($57 million) syndicated loan for Q.ENEST Holdings, the power business spun out of Hanwha Japan in 2023, to finance an 80 MW portfolio of distributed low-voltage solar assets across Japan.
Datang plans 14.6 GW renewables cluster in China
The massive renewable energy complex will include 8 GW of solar, 4 GW of wind, 2.04 GW/8.16 GWh of energy storage, and 2.64 GW of coal-fired power. The project is planned to be located in China’s Inner Mongolia Autonomous Region and deliver clean electricity to the energy-intensive Jiangsu province.
Growatt launches C&I storage system with 95% depth of discharge
Dubbed RISE 261H-XH, the system is available in 50 kW, 63 kW, 85 kW, and 125 kW output configurations. It supports 100% three-phase unbalanced load in backup mode and delivers 160% rated AC overload capacity for 10 seconds.
