Chinese solar manufacturer JinkoSolar has achieved a record-breaking 26.66% power conversion efficiency for an industrial-scale TOPCon solar cell based on an M10-size wafer, marking a new global benchmark for mass-production-ready technology. The milestone was independently certified by an undisclosed testing organization in China and represents the highest reported efficiency for an industrial-scale TOPCon cell to date. Collaborative Research Backing The breakthrough was achieved in collaboration with researchers from the Ningbo Institute of Materials Technology and Engineering (NIMTE) under the Chinese Academy of Sciences, alongside scientists from Soochow University and China…
Read MoreDay: March 2, 2026
Tongwei Moves to Acquire Qinghai Lihao in Strategic Polysilicon Consolidation Push
Chinese solar giant Tongwei has announced plans to acquire 100% of polysilicon producer Qinghai Lihao through a combination of share issuance and cash, alongside a proposed supporting fundraise. The move was disclosed in a trading suspension notice dated Feb. 25. Tongwei said the transaction remains at a preliminary stage. The company has signed an intention agreement with the proposed sellers — Duan Yong and two limited partnerships, Hainan Zhuoyue Enterprise Management Partnership and Hainan Haoyue Enterprise Management Partnership. Final parties and detailed terms will be revealed in a subsequent transaction…
Read MoreChinese PV Industry Update: Polysilicon Prices Decline as Weak Demand Persists; Major Players Adjust Output and Pricing
China’s photovoltaic (PV) industry continues to face pricing pressure as polysilicon values decline amid subdued market activity and persistent oversupply. The silicon industry division of the China Nonferrous Metals Industry Association (CNMIA) reported that polysilicon prices remained on a downward trajectory following the Chinese New Year holiday. Transaction volumes were limited, and procurement activity remained muted. Although manufacturers reduced operating rates to 32%, supply continued to outpace demand. Wafer prices also softened across major formats. N-type G10L wafers averaged CNY 1.10 ($0.15) per piece, marking an 8.33% decline. G12R wafers…
Read MoreLei Zhang Becomes First Private-Sector Leader to Receive Energy Institute President’s Award
Lei Zhang, Founder and Chief Executive Officer of Envision Energy, has been named the recipient of the Energy Institute’s 2026 President’s Award — the organisation’s highest honour — in recognition of his transformative contributions to the global energy transition. In announcing the award, the Energy Institute (EI) highlighted Envision’s role in reshaping the global energy landscape by aligning decarbonisation with economic growth and long-term prosperity. Zhang was recognised for framing the energy transition not as a constraint, but as a systems-level challenge and economic opportunity — one that demands innovation,…
Read MoreIndia’s $60bn River Storage Plan Raises Strategic and Water Security Concerns for Pakistan
ISLAMABAD: A reported $60 billion investment by India in water storage infrastructure along the western rivers — the Jhelum River and the Chenab River — has sparked serious concerns in Pakistan over potential water security risks, including the possibility of engineered floods and droughts. At a recent federal-provincial dialogue on water storage projects, Chairman of the Water and Power Development Authority (Wapda), retired Lt Gen Muhammad Saeed, reportedly informed participants that India’s planned investments could expand its storage capacity on the two rivers from roughly 15 days at present to…
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