JinkoSolar has appointed Cao Haiyun as CEO, while PowerChina has shortlisted 26 suppliers for a tender of 31 GW of solar panels by 2026.
JinkoSolar has appointed Cao Haiyun as CEO following the departure of Chen Kangping, who resigned from his position and was elected vice chairman of the board of directors, while remaining director. The company also appointed Jiang Rui as vice president and board secretary, and Chang Chen as CFO. JinkoSolar said the changes are part of a broader effort to strengthen management structure and succession planning, and do not affect controlling shareholders or the composition of the board.
PowerChina has shortlisted 26 Chinese suppliers for the 2026 centralized PV module tender, totaling 31 GW. The tender includes 24 GW of n-type tunnel-oxidized passivated contact (TOPCon) modules, 3 GW of n-type heterojunction (HJT) modules and 4 GW of back-contact (BC) modules. Shortlisted suppliers include Trina Solar, Longi and GCL SI. Bidding prices ranged from CNY 0.735 ($0.11)/W to CNY 0.748/W for TOPCon, CNY 0.737/W to CNY 0.780/W for HJT, and CNY 0.735/W to CNY 0.748/W for BC modules.
The Chinese Non-Ferrous Metal Industry AssociationThe Silicon Division of CNMIA (CNMIA) has reported that polysilicon prices continued to decline as of March 18. N-type re-feed polysilicon traded at CNY 42,000 to CNY 45,000 per tonne (MT), averaging CNY 43,200/MT, down 4.42% week on week. N-type granular silicon had an average value of CNY 44,000/MT. The association attributed the decline to high upstream inventories, reduced order activity and cautious downstream sentiment.
Canadian solar energy has reported a net loss of $104.1 million for the full year 2025, on revenue of $5.60 billion and gross profit of $1.03 billion. The company shipped 24.3 GW of modules and a record 7.8 GWh of energy storage systems during the year. For the first quarter of 2026, Canadian Solar posted revenue of $900 million to $1.1 billion and gross margin of 13% to 15%, and forecast full-year U.S. module shipments of 6.5 to 7.0 GW and storage shipments of 4.5 to 5.5 GWh.
Shanghai Electric has said it has completed its planned acquisition of a 66.40% stake in K-Electric Ltd. of KES Power Ltd., a transaction previously valued at $1.77 billion. The company cited the counterparty’s inability to meet the closing conditions and changes in Pakistan’s business environment as reasons for the decision.
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