On March 12, PetroChina’s Tarim Oilfield “Aksu, Shaya County, Fuman Block PV Green Electricity Direct Connection Project” officially received approval from the Xinjiang Uygur Autonomous Region National Development and Reform Commission, making it PetroChina’s first approved green electricity direct connection project. Located in the Taklamakan Desert south of Shaya County, Aksu Prefecture, Xinjiang, the project is a comprehensive green energy project integrating generation-grid-load-storage. According to the plan, the green electricity direct connection project will build a PV power station with a total installed capacity of 100,000 kW as the source of green power. To ensure stable power supply and reduce the curtailment of PV power generation, an additional 20 MW/80 MWh ESS power station will be added to serve as a super “power bank,” effectively smoothing PV fluctuations and ensuring continuous power supply to the load. Connecting the power supply and the power consumption side will be a planned 2.5-km direct power transmission line and a 110-kV substation.

In January 2026, WELION New Energy’s European division formally signed an agreement with the renowned Hungarian electrical engineering enterprise ElektroEnergy Kft. to provide a supporting 6 MWh energy storage system for the latter’s PV power station. This signing represents another significant large-scale order for WELION New Energy in the European market, marking a key breakthrough in the application of its semi-solid ESS within the European PV power generation sector. The project will utilize an energy storage system built upon WELION New Energy’s 314 Ah semi-solid battery cells. This collaboration further deepens WELION New Energy’s footprint in the European ESS market, demonstrating its firm commitment to actively advancing the energy transition through technological adaptation and localized services.

On December 16, the 5 MW distributed PV hydrogen production, storage, and refueling integrated project of Yue Shui Dian in Bachu County officially commenced operation and successfully produced hydrogen. This project was contracted by Hopo Engineering, a subsidiary of Hopo Co., Ltd., under the "EPC+O" (Engineering-Procurement-Construction-Operation) model. As the first full industry chain demonstration project in the Kashgar region of Xinjiang integrating PV power generation, water electrolysis for hydrogen production, and hydrogen storage and refueling, and also the region's first skid-mounted integrated green hydrogen demonstration project, it achieved a closed-loop across the entire industry chain from "green electricity to green hydrogen" and from "source-grid-load-storage." The project includes the construction of a 5 MW PV power station and a supporting hydrogen production plant, equipped with water electrolysis hydrogen production systems and hydrogen storage devices. It can produce 432 kg of hydrogen per day and is expected to reduce carbon dioxide emissions by approximately 222.59 mt annually. The core equipment of the hydrogen refueling system (compressors, hydrogen dispensers, etc.) are all proprietary brand products from Hopo's subsidiaries. The project took only six months from winning the bid to commencing operation, achieving "commencement and hydrogen production within the same year." This is the third PV hydrogen production, storage, and refueling EPC project delivered by Hopo in Xinjiang, and it will contribute to the development of the local green public transportation system and the optimization of the energy structure.

[Huawei Digital Power and SchneiTec Collaborate to Build Cambodia's First ESS Power Station] As a leading local energy enterprise, SchneiTec had previously successfully developed Cambodia's largest PV power station. The newly completed 12 MWh ESS project includes 2 MWh dedicated to validating Huawei's intelligent string-level grid-forming ESS technology in off-grid and weak power grid scenarios, ensuring grid stability, achieving smooth output of intermittent renewable energy, and obtaining authoritative certification from TÜV SÜD. This marks the implementation of Cambodia's first-ever grid-forming ESS project, laying the foundation for subsequent project expansions and large-scale energy infrastructure construction.

From May 26, 2025, to June 5, 2025, SMM recorded a total of 27 domestic enterprise-won PV module projects during the week. The winning bid prices for PV modules were concentrated in the range of 0.41-3.69 yuan/W, with a weekly weighted average price of 0.06 yuan/W. The average winning bid price for the week was 1.37 yuan/W, representing an increase of 0.64 yuan/W compared to the previous week. The total procurement capacity of the winning bids was 737.97 MW, a decrease of 92.04 MW compared to the previous week.

[China Energy Engineering Group Electric Power Planning & Engineering Institute (CEEC EPPEI) and Almaty Oblast, Kazakhstan, signed an investment cooperation framework agreement for the 1GW PV ESS Integrated Project in Batogai, Almaty Oblast, in Hangzhou, Zhejiang Province] Sultangaziyev, Governor of Almaty Oblast, and Zhang Li, Member of the Standing Committee of the Party Committee and Deputy General Manager of CEEC EPPEI, held talks and witnessed the signing ceremony. The project, with a consortium composed of Energy Construction Times New Energy and Xinjiang Institute, both affiliated with CEEC EPPEI, as the development entity, and with assistance from the local partner in Kazakhstan, Arna Company, to facilitate the project's implementation, is located in Esik City, Almaty Oblast. It is planned to construct a 1GW PV power station, supporting energy storage systems, booster stations, and transmission lines, aiming to establish an efficient, stable, and sustainable green energy supply system, providing strong impetus for the development and construction of the new Alatau City, as well as for the energy supply in the surrounding areas and the optimization of the power grid structure.

On May 23, the winning bidder candidates for the inverter replacement project of Fengshou PV Power Station (Phase I) were announced. Sungrow Power Supply Co., Ltd. ranked first among the winning bidder candidates, with a bid price of RMB 15.2797 million yuan. Fengshou PV Power Station was invested and constructed by Guangxi Xiangzhou Hanggui Energy Co., Ltd., and is located at Fengshou Reservoir between Shilong Town and Maping Town in Xiangzhou County, Laibin City, Guangxi. The PV ground power generation project with an installed capacity of 60MWp for Fengshou PV Power Station (Phase I) was connected to the grid in June 2017. The system of Fengshou PV Power Station (Phase I) mainly consists of key equipment such as PV modules, string inverters, AC cabinet step-up transformers, and AC/DC cables. The string inverters used are equipment produced by Sungrow Power Supply Co., Ltd., with the specification and model SG50KTL and a quantity of 1,165 units. The maximum DC voltage of the SG50KTL string inverter is 1,100V, with a rated output voltage of 540V, a rated output power of 48kW, and air cooling. Among them, 384 SG50KTL string inverters use RS485 for communication, while 781 SG50KTL string inverters use PLC (Power Line Communication) for communication.

Recently, Wolong Real Estate released the "Implementation Announcement on the Change of Securities Abbreviation of Wolong New Energy Group Co., Ltd." The announcement stated that the changed stock abbreviation of Wolong Real Estate is Wolong New Energy, with the stock code "600173" remaining unchanged. The date of the securities abbreviation change is May 15, 2025. Wolong Real Estate indicated that the reason for the change in the company's securities abbreviation is to actively respond to the national "dual carbon" policy, to develop towards the new energy industry, to increase new profit growth points for the company, to inject new momentum for the company's future development, and to promote the coordinated development of various business sectors including wind energy, PV, ESS, and hydrogen energy, with the core of comprehensive integration of multi-dimensional advantages. In the field of wind energy, the company will fully promote the completion and implementation of the Baotou Damao Banner new energy plus ESS grid-connected pilot demonstration project, which has good economic and social benefits, laying the foundation for business expansion; In the PV field, the company will focus on obtaining orders for distributed PV power stations in the industrial and commercial sectors, further enhancing market share; In the ESS sector, the company will strengthen the construction of core technical capabilities based on electrochemical technology, power electronics technology, and new energy technology, actively seeking emerging, rapid, and sustainable growth points; In the hydrogen energy field, the company will continue to develop and enhance technology and product reserves in hydrogen production, improving product competitiveness. The company is committed to achieving industrial integration, fully leveraging the synergistic effects between industries, maximizing resource value creation, and creating value for all shareholders. To align with the company's future development strategy and operational needs, and considering that the new energy business will provide significant support for the company's profits in the future, along with the fact that the new energy industry management team is a mature operating team with extensive industry experience, the company name has been changed from "Wolong Resources Group Co., Ltd." to "Wolong New Energy Group Co., Ltd." To ensure that the company's securities abbreviation is consistent with the company name, the company plans to change the securities abbreviation from "Wolong Real Estate" to "Wolong New Energy," with the securities code "600173" remaining unchanged.

Recently, the full-capacity grid connection and power generation of the Changxing 200MW agricultural PV power station in Songtao Autonomous County, Tongren, Guizhou, operated by CNNC Huineng Guizhou Company, was achieved, utilizing heterojunction modules.

According to data from Solarbe Consulting's price tracking, polysilicon prices declined slightly last week, with the average prices of N-type recharged, dense, and granular polysilicon being 39,200 yuan/mt, 35,600 yuan/mt, and 37,000 yuan/mt, respectively. Recently, polysilicon producers have continued to reduce their production schedules, and the issue of inventory backlog among polycrystalline silicon producers has become prominent, making it difficult to reverse the downward price trend in the short term. Prices in the wafer and solar cell segments have remained stable. In terms of PV modules, prices in the PV industry chain have rebounded since March. Despite the passing of the "430" installation rush period, the installation enthusiasm in May has not yet subsided. However, industry insiders generally believe that this price rebound is essentially just a temporary recovery amidst the interplay of industry supply and demand and market dynamics. As the installation rush subsides, the market price of modules has already shown a downward trend.