China’s National Energy Administration (NEA) says newly installed solar capacity reached 32.48 GW in the first two months of 2026, while the China Nonferrous Metals Industry Association (CNMIA) says polysilicon prices fell as much as 7.95% in the past week.
The Chinese NEA Newly installed solar capacity reached 32.48 GW in January and February 2026, a decline of 17.71% year-on-year. At the end of February, the country’s total installed power generation capacity stood at 3.95 TW, an increase of 15.9% year-on-year. Solar capacity reached 1.23 TW, an increase of 33.2%, while wind capacity reached 650 GW, an increase of 22.8%.
China Huaneng Group has announced the results for Lot 2 of the 2026 inverter framework tender. Winning suppliers included Sungrow Power Supply Co., Beijing Crius Group, TBEA Xinjiang Sunoasis Co. and Zhuzhou CRRC Times Electric Co. The total estimated purchasing volume is 10 GW, divided into three lots: 1 GW centralized inverters with a power of 3,125 MW and higher at DC 1500 V, 6 GW string inverters with a power of 300 kW to less than 400 kW, and 3 GW string inverters with a power of 300 kW to less than 400 kW. 400 kW and higher.
Deje said its application to issue H shares has been accepted by the China Securities Regulatory Commission (CSRC). The company on January 27 applied to list H shares on the main board of the Hong Kong Stock Exchange, with CICC, CITIC Securities and CMB International acting as joint sponsors. According to the prospectus, Deye would be the world’s largest supplier of residential storage inverters by 2024, with products sold in more than 150 countries and regions. Foreign revenues accounted for 70.9% of total sales in 2024. The company reported revenues of CNY11.206 billion ($1.54 billion) and net profit of CNY2.960 billion in 2024, with a gross margin of 38.63%. For the first three quarters of 2025, revenues totaled CNY 8.846 billion and net profit totaled CNY 2.346 billion. Deye will use the proceeds from the planned listing to expand production capacity abroad, enhance research and development, strengthen global operations and replenish working capital.
Sichuan Yingfa Ruineng Technology Co. has submitted its second application for listing on the main board of the Hong Kong Stock Exchange, with CSC Financial International and Huatai International acting as joint sponsors. About 60.6% of the net IPO proceeds will be allocated to establishing and upgrading manufacturing facilities in Indonesia, 15.2% to developing advanced PV cell technologies and 15.2% to strengthening domestic and international sales channels, while the remaining 9.1% will be allocated to working capital and general corporate purposes.
Haitian Co. has signed a strategic cooperation framework agreement with Tongwei Solar. Tongwei will prioritize the use of Haitian metallization paste and related materials under equivalent conditions, while offering Haitian competitive prices, products and services and sharing selected research and development results. The collaboration covers advanced PV metallization paste technologies for heterojunction (HJT), tunnel oxide passivated contact (TOPCon) and perovskite applications and includes facilities for collaborative research and intellectual property sharing. The agreement runs until December 31, 2030.
The CNMIAThe silicon industry has reported further declines in polysilicon prices, with the largest weekly drop being 7.95%. N-type re-feed polysilicon traded at CNY 39,000 to CNY 42,500 per tonne (MT), averaging CNY 40,500/MT, down 6.25% week on week. N-type granular silicon traded at CNY 40,000/MT to 43,000/MT, averaging CNY 40,500/MT, down 7.95%. The CNMIA attributed the continued decline to a negative purchasing cycle, in which falling prices prevent buyers from placing new orders, further weakening demand beyond essential purchasing needs.
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