Maxeon Solar Technologies and Tongwei have settled a global patent dispute over shingled solar cell and module technologies, ending a lawsuit filed by Maxeon in Germany in 2023.
Maxeon solar technologies has reached a global settlement with Tongwei, resolving a patent dispute over shingled solar cell and module technologies. Effective November 30, 2024, the agreement ends in June 2023 the lawsuit filed by Maxeon in the German District Court of Düsseldorf, where Tongwei was accused of infringing European Patent No. EP3522045 B1. Maxeon uses the technology in its Performance Line solar panels, developed from intellectual property acquired during the spin-off of SunPower in 2020. The settlement ends the legal dispute between the rivals in the solar energy sector.
Jingyuntong (JYT) has announced that it has completed the main construction of its 22GW high-efficiency monocrystalline silicon rod and wafer manufacturing project in Leshan, Sichuan Province. The core production equipment has been installed and is now operational. However, the company has indicated that the exact production schedule for the project remains uncertain due to ongoing market conditions and industry shifts. The company will assess the situation and adjust its construction and production plans accordingly.
Long has outlined its plans to reduce the cost of its BC (Back Contact) solar cell product by 2025. The company expects to realize cost savings through three key strategies: improving cell conversion efficiency, scaling up production of HPBC2.0 cells and advancing manufacturing processes. Currently, LONGi’s Hi-MO X10 uses HPBC2.0 cells with a production efficiency of more than 26.6%. The company expects further efficiency gains and cost savings as it ramps up production and adopts innovative techniques such as silver reduction and silver-free metallization.
Cloud Live Tech Group (CLTG) has signed a Memorandum of Understanding with the Jiangsu Provincial Power Design Institute to develop a 1 GW solar power project in Yancheng, Jiangsu. As part of the agreement, CLTG will receive project registration for the 1 GW solar farm, with plans to implement this by 2025. Under the terms of the agreement, CLTG will give priority to Jiangsu Power Design Institute as EPC contractor, and the institute has agreed to source CLTG’s solar panels for the project, provided that legal, market and technical conditions are met.
risen has announced plans to issue offshore bonds worth up to €500 million (or equivalent foreign currency) to finance its business expansion and diversify its financing channels. The bonds, with a term of up to five years, have been approved by the company’s board and will soon be submitted to shareholders for approval. This bond issuance is part of Risen’s strategy to strengthen its capital base and support its growth in the global solar market.
GCL New Energya subsidiary of GCL-Poly Energy, has agreed to sell its stake in eight photovoltaic plants in North Carolina to Wilson Solar for approximately HK$107 million. The facilities, with a combined capacity of approximately 83 MW, are part of GCL’s strategy to streamline its asset portfolio and focus on its core businesses. This transaction highlights the growing international presence of Chinese solar companies as they increasingly divest non-core assets to strengthen their financial positions.
Golden solar new energy has said it will reallocate the remaining proceeds from a 2022 placement. The remaining amount is CNY 30.98 billion to use general working capital, mainly for research and development costs, business expansion, production overheads, as well as general and administrative costs. Golden Solar, which is developing a molded mono-heterojunction photovoltaic cell and module manufacturing business, plans to implement an asset light model, i.e. a sales-based licensing of its intellectual property related to its hybrid passivation backing contact (HBC) technology, which reportedly has a maximum conversion efficiency of more than 27%. It noted that it already has a joint venture with LONGi Solar Technology and JP-Solar Power (Fujian) Company for HBC technology and another collaboration with a “leading domestic photovoltaic” company. The group said there is no material change to existing operations and operations. The company sees the asset light business model offering a “stable revenue source and higher profit margins compared to traditional manufacturing operations.”
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