GCL Technology has placed CNY 15.1 billion ($ 16.7 billion) in income and a CNY 4.75 billion net loss before 2024. The Chinese polysilicium and solar module manufacturer says that the current annual capacity is 480,000 tons (MT).
GCL technology Said that it was a net loss of CNY 4.75 billion included on CNY 15.1 billion in income for the year ending on December 31, 2024, compared to the turnover of CNY 33.7 billion and a net profit of CNY 2.51 billion in the previous year. The company completed its switch to fluidized reproaches (FBR) grainy polysilicon production and reached production costs of CNY 27.14/kg in early 2025. In 2024 it produced 269.199 MT FBR polysilicon, with at least 95% high purity. The capacity is 480,000 MT, with shipments of a total of 281,900 TH in 2024. The monocrystalline silicon crystal capacity of the company is 10 GW and the annual production capacity of the wafer is 35 GW. GCL also reported sampling waffles made with its new continuous Czochralski (CCZ) process, which uses FBR Silicon as a raw material. In addition, the entire Perovskiet modules reached a power conversion efficiency (PCE) of 19.04%. The company said it is planning to produce 2.88 m² on silicone -based dental modules with 27% PCE this year.
Tsofar Deputed on the Chinext Board of the Shenzhen Stock Exchange at an initial public offer (IPO) price of CNY 11.8 per share. The stock was opened at CNY 40 per share, which marked an increase of 239%. The Sofar core team, founded in 2013 and includes former Samil Power Executives. The turnover of the company reached 4.46 billion in 2022, with its energy storage activities that Solarse surpassed. However, sales fell in 2023 due to the relaxation of the European energy crisis. Sofar is now expanding its domestic footprint, focuses on storage on the storage of utility scale and solar projects mounted on the ground, with China’s turnover rose to 24.43% in 2023.
Lingda group Said it will cancel the planned 5 GW tunneloxide passivated contact (Topcon) of his subsidiary. The project operated by Jinzhai Jiayue New Energy Technology, was launched in November 2020 and included 12 top concel production lines, a production facility and associated infrastructure. However, the progress of construction was not due to expectations and in October 2024 Lingda stopped the project due to financial limitations. The last announcement formalizes the complete termination of the project.
Trina Solar has signed a 20-year Power Purchase Agreement (PPA) with Equinix (Nasdaq: EQIX) to deliver renewable energy to its Japanese data centers. According to the agreement, Trina’s International Solar Business Unit (ISBU) will develop, build and exploit the 30 MW Yufutsu Abira Solar project, planned with power to start in the third quarter of 2028.
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