China’s Longi Green Energy has set a new world record for crystalline silicon solar module efficiency with its independently developed hybrid passivated back contact (HPBC) 2.0 module, achieving a conversion efficiency of 25.4%, according to a certification report from Germany’s Fraunhofer Institute for Solar Energy Systems (Fraunhofer ISE).
Trinasolar Evergreen (Shanghai) PV Tech. Co., Ltd., a building-integrated photovoltaics (BIPV) unit of Trina Solar, has launched four new products for public, industrial, and infrastructure projects. Trina Solar aims to capture a share of the fast-growing BIPV market.
The Chinese PV manufacturer said its new module series has a power conversion efficiency of up to 24.8% and temperature coefficient is -0.26% per C.
The Chinese manufacturer said its new Hi-MO X6 Artist series has an efficiency of up to 22.3% and a power output ranging from 420 W to 430 W. The smaller version is currently priced at CNY 298 ($41.7)/m2 and the largest model is sold at CNY 268/m2.
The European Solar Test Installation (ESTI) confirmed Longi’s achievement of a world record-breaking efficiency rating of 34.6% for a perovskite-silicon tandem solar cell.
China Green Development Group has switched on the 3.5 GW Midong solar project in Urumqi, China’s Xinjiang region. The project required an investment of CNY 15.45 billion ($2.13 billion).
Chinese wafer manufacturer TCL Zhonghuan says it wants to invest around $197.5 million to increase its stake in Maxeon from 22.39% to at least 50.1%. A Maxeon spokesperson told pv magazine that the plan would place the company in a solid financial position.
Trina Solar says its solar panel shipments reached 65.21 GW in 2023. The Chinese module maker achieved a turnover of $15.75 billion and a net profit of $768.2 million in fiscal 2023, with an annual module production capacity of 95 GW by the end of December.
Chinese inverter manufacturer Sungrow shipped 130 GW of inverters last year, reaching a profit of $1.3 billion.
Chinese solar manufacturer Longi has responded to recent media reports claiming that it might cut 30% of its global workforce.
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