Power product manufacturer Hangzhou Kelin Electric (KLEC) has reportedly announced its plan to issue A-shares to raise up to RMB 1.46 billion ($201.65 million).
Of the proceeds raised, RMB 1.261 billion ($174.19 million) will be allocated to a 1 GW high-efficiency perovskite solar module plant and the remainder for working capital.
A new collaboration between Kalpana Systems, HyETSolar, and TNO has been launched to advance the commercialization of perovskite solar cells. The Perovision Project aims to optimize nickel oxide (NiOx) layers for perovskite solar cells using spatial Atomic Layer Deposition (ALD). RVO awarded the project an EKOO: Electricity Subsidy grant to support the Netherlands' energy independence and transition.
The project will run from February 2025 to January 2027, targeting integration into HyETSolar's production line by mid-2027 and full-scale production by 2030. Project results are expected in 2027.
In May 2024, Renshine Solar announced its plans open a gigawatt-scale perovskite PV module factory in Jiangsu province, with a planned investment of CNY 1 billion ($138 million). Now, the perovskite PV manufacturer has reportedly launched the construction of its GW-level perovskite manufacturing facility in Changshu City, Jiangsu Province.
The project, which will see the company invest RMB 1.25 billion ($171.24 million) as per updated reports, includes a GW-scale perovskite manufacturing facility, the company’s headquarters, and a global technology innovation center. According to the plan, the factory is expected to be completed and put into production by early 2026.
UtmoLight has anounced that its gigawatt-scale perovskite solar module facility in Wuxi is now online and has started production.
Image credit: UtmoLight
The plant will mass-produce ultra-large perovskite modules and building-integrated photovoltaic (BIPV) products, and as the line ramps up to full production, it is expected to produce about 1.8 million such modules annually.
ART-PV India, an IIT Bombay-incubated start-up, has been awarded a $10 million grant by the Ministry of New and Renewable Energy (MNRE). The funding will enable the company to set up a manufacturing plant for high-efficiency tandem solar cells.
ART-PV has developed a 4T cell with PCE >30% on small area ~1 cm2, which will be transferred to 2T using industry partners supplying semi-processed bottom sub-cells.
China's Yanhe Solar has announced that is has signed an investment agreement with Changde City, Hunan Province, China, to establish a new perovskite material production base with a total investment of approximately RMB 1 billion ($137.91 million).
Founded in 2024, Yanhe Solar is said to have secured angel funding from several investors. The company claims breakthroughs in dry-process perovskite cell production with high repeatability and uniformity, achieving certified efficiencies of 18.17% for its 300 x 400 mm semi-transparent flexible modules and 24.1% for small-area flexible devices. Yanhe Solar says it has already completed a 10 MW perovskite cell production line and has received pre-orders worth nearly RMB 10 million ($1.379 million).
Mellow Energy has announced the launch of what it refers to as "the world’s largest integrated flexible perovskite photovoltaic (PV) module" from its 100MW-scale production line. The module measures 1.2×1.6 square meters and weighs approximately 2.04 kilograms.
According to Mellow Energy, tests conducted by TÜV Rheinland, an internationally renowned testing and certification body, have confirmed that the 1.2×1.6-square-meter double-glass module achieves a full-area efficiency of 17.9% under standard testing conditions.
Huasun Energy (Ningxia Huasun New Materials Technology) has marked the production of its first monocrystalline silicon rod at its 20 GW Heterojunction (HJT) Monocrystalline Silicon Smart Factory (Phase 1). The project is said to progress quickly, achieving milestones that include the successful completion of construction, equipment installation, and the commencement of production, setting a new benchmark for industrial development in Yinchuan, the capital city of Ningxia Province, Northwest China.
Jin Wang, Senior Vice President of Huasun Energy, emphasized that the successful rollout of the first silicon rod underscores the successful completion of Huasun’s fully integrated HJT solar industry chain, spanning from silicon ingot and wafer to HJT cell and module. Huasun is committed to driving innovation in HJT technology and accelerating the industrialization of HJT-perovskite tandem technology to further reduce costs and enhance efficiency.
Kunshan GCL Optoelectronic Material, a perovskite optoelectronic technology company under GCL Technology Holdings, has recently completed the C1 round of financing led by Goldstone Investment, involving nearly RMB500 million (around USD$68,850,000).
This round of financing introduced institutions such as Kunshan High-Tech Group and HongShan to participate in the investment, and the proceeds will be used to build Kunshan GCL Optoelectronic Material's Kunshan gigawatt perovskite Ore stacked production line, which is expected to be put into operation in 2025.
SEI Energy Technology (Jiaxing), a joint venture in China between Solaires Enterprises (Victoria BC, Canada) and Genesis Technologies (Shanghai), has announced the successful trial production of its perovskite modules from its mass production line. The companies view the success of this trial production as a significant breakthrough that demonstrates the potential of this production line, that lays a foundation for the large-scale commercialization of perovskite materials and solar modules.
Solaires is focused on research and application development in the field of indoor light power generation. Its third party tested conversion efficiency reportedly exceeded 35% in 2024. In addition, SEI’s manufacturing process of perovskite materials is relatively simple, which can greatly shorten the production cycle and improve production yield. The raw materials used are environmentally friendly and have significant cost advantages.
