TCL Zhonghuan

The Middle East has become a key market for Chinese PV companies, both as a source of demand for hardware and also as a hotspot for new manufacturing hubs. Carrie Xiao reports on some of the latest developments in the region.

TCL Zhonghuan Renewable Energy is Maxeon's largest shareholder and invested almost US$200 million in the company this year.

Chinese solar PV manufacturer TCL Zhonghuan has appointed Wang Yanjun as its new chief executive officer (CEO).

LONGi Solar said that wafer prices had continued to fall below the cost since the second quarter of the year.

Saudi Arabia's PIF has signed two solar PV manufacturing agreements with Chinese manufacturers JinkoSolar and TCL Zhonghuan Renewable Energy.

The Silicon Industry Branch of CNMIA published the latest solar-grade polysilicon prices on 23 August, which were on an upward trend.

Prices of all upstream PV products such as silicon wafers and silicon ingots increased recently, but downstream module prices continued to decline and reached new lows.

PV Price Watch update with TCL Zhonghuan's wafer price reduction for both its p-type and n-type products, following LONGi's price reduction.

TCL Zhonghuan has made a series of announcements recently, including investing in a 25GW N-type TOPCon project, initiating a share buyback and releasing its operating data in the first quarter of the year, which reflected its new direction in the industry and confidence in high quality development.

Chinese solar PV manufacturer TCL Zhonghuan has planned to issue nearly RMB13.8 billion (US$2 billion) convertible bonds for its 35GW annual capacity ultra-thin high-purity mono silicon wafer and 25GW n-type tunnel oxide passivated contact (TOPCon) 4.0 highly-efficient solar cell plants.