Letter from China’s PV Industry: JP-Solar, Golden Solar and Longi Create PV Venture

Golden solar energy technology said its subsidiary, Golden Solar (Quanzhou), has launched a joint venture with module manufacturer Longi and JP-Solar Power, a manufacturer of HJT solar cells and modules. The new company will leverage Golden Solar’s HJT back-contact intellectual property. The CNY659 million company is 52.51% owned by JP-Solar, with Golden Solar (Quanzhou) holding 27.31% and Longi 20.18%.

China Electricity Construction Corp (CEC) Hydropower Nine Bureau (Shanxi) said it has launched a tender for the centralized procurement of about 40,000 tons of fixed PV mounting frames for 2024-25. After the bidding process, framework agreements will be signed with selected suppliers, which will remain valid until December 31, 2025. CEC said all products in the tender must meet Chinese national standards and specified technical requirements.

Mingyang solar photovoltaica part of Mingyang Group, said it has started mass production of its first zero-busbar (0BB) HJT solar panel at its factory in Shaoguan. The 0BB-HJT modules use ultra-fine welding ribbons to reduce the variation in surface tension caused by changing temperatures, increasing the contact points with fine grid lines to minimize micro-cracks and increase production yield. Mingyang Photovoltaic plans to increase production based on market demand. The 4 GW Shaoguan facility in Guangdong Province required a total investment of CNY 1.9 billion.

Morgan Stanley Capital International (MSCI) has upgraded Trina Solar’s environmental, social and governance (ESG) rating from “BB” to “BBB” for 2024, making the company one of the leaders in the PV industry.