China Railway Construction Corp.’s IT unit has named 10 preliminary winners for its 2025 solar module framework procurement. The 3 GW contract covers n-type monocrystalline bifacial tunnel oxide passivated contact (TOPCon) modules, with delivery required within 170 days of signing.
China’s top industry officials have vowed to curb low-price competition and excess capacity in the solar sector, as authorities begin implementing measures aimed at stabilizing supply chains and rebalancing the market.
The China Nonferrous Metals Industry Association (CNMIA) says polysilicon prices fell as low as $4.74/kg this week, with only 11 producers currently operating at reduced capacity.
Five major Chinese PV manufacturers issued profit warnings this week.
Three Gorges Energy has obtained $10.89 billion of funding for 2024. Its total installed renewable energy capacity exceeded 40 GW at the end of 2023, with total assets surpassing CNY 310 billion.
EnergyTrend recorded a 1.85% to 2.68% decline in passivation emitter rear contact cell (PERC) solar module prices in China last week.
State Power Investment Corp. (SPIC) built the huge facilities in five phases with the support of PowerChina, an engineering, procurement and construction (EPC) contractor. The project will stretch across occupies a water surface of roughly 44 square kilometers.
Daqo and Longi report that lower polysilicon prices have affected their earnings. Aiko Solar, meanwhile, has announced a 120% year-on-year increase in its net results for the first half, with shipments reaching 18.7 GW.
China Three Gorges Group has announced its latest PV module procurement results, while GCL-Si has revealed plans to raise CNY 5.8 billion ($812.9 million) via a private placement to finance its expansion.
China’s National Energy Administration (NEA) says the nation installed 78.42 GW of solar in the first six months of this year, bringing it to nearly 470 GW of cumulative installed PV capacity by the end of June.
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