China's investment in key energy projects to top 20 trillion yuan in 2026-2030
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The Head of China’s National Energy Administration (NEA), Wang Hongzhi, said China’s investment in “key energy projects and new business models” over the next five years will exceed 20 trillion yuan ($2.9 trillion), reported China’s state council information office. The outlet cited International Energy Net adding that Wang said investment in strengthening energy security will rise 10% than during the “14th five-year plan”, grid investment will rise 30% and investment in projects including “green hydrogen” and “direct green power connections” will exceed 2 trillion yuan.
The climate news website carried a report by Shanghai-based outlet the Paper that quoted NEA’s Ren Yuzhi saying China aims to reduce carbon emissions per unit of electricity generated by more than 10%.
China will save more than 150 million tonnes of coal equivalent in key industries, reported Carbon Brief citing Beijing News. The NEA’s vice head, Wan Jinsong, said fossil fuels should be kept “limited but stable” to safeguard China’s energy security, the outlet said, citing a report by state broadcaster CCTV.
China TOPCon solar cell prices fall for fourth week as inventory pressure builds
Prices of Free-On-Board China TOPCon cells (highly efficient solar cells) declined for a fourth consecutive week pressured by high inventories, weaker wafer prices and manufacturers’ push to increase sales amid end-user demand. FOB China TOPCon M10 cell prices fell 2.44% to $0.0440/W. FOB China 210R cell prices averaged $0.0450/W, down 2.17%, PV Magazine reported.
The report said inventory pressure in the cell segment has intensified in recent weeks, with production expected to increase in the second half of 2026 even as module demand remained weak.
Polysilicon production is expected to increase during China’s wet season, when lower hydropower costs typically support higher operating rates. Without a meaningful recovery in module demand, market sources said the additional supply could further increase inventories across the wafer and cell segments.
Wafer production is expected to rise by around 10% month on month in June, from approximately 50 GW in May, potentially intensifying inventory pressure, according to industry sources.
The China Nonferrous Metals Industry Association, or CNMIA, said two major wafer producers are operating at 50-52%, integrated producers at 54-60%, and other producers at 54-70%. Despite lower polysilicon and wafer prices, end-user demand has yet to improve, while cautious downstream buyers have little incentive to restock, CNMIA added.
Lower cell prices have also tracked declining production costs, following recent weakness in silver paste, polysilicon and wafer prices, market sources told OPIS. Some market participants said improving geopolitical conditions in the Middle East have eased pressure on precious metal prices, including silver, after silver hit a record high in January 2026. Silver prices have fallen by nearly 15% over the past month and close to 10% over the past six months, though they remain more than 80% higher year on year.
A cell manufacturer source said silver prices are expected to stabilize or edge lower if geopolitical sentiment continues to improve, helping reduce cell production costs. The source added that manufacturers had struggled to pass on higher silver costs when prices were elevated because buyers were unwilling to accept corresponding increases in cell prices
Waaree Solar Americas secures 236 MW solar module supply order for Kentucky utility-scale project
Waaree Solar Americas, a U.S.-based PV module manufacturer, and wholly owned subsidiary of Indian multinational Waaree Energies Ltd, has secured an order to supply 236.22 MW of solar modules for a utility-scale project in Flemingsburg, Kentucky.
The order was placed by a customer that develops and manages sustainable infrastructure projects, particularly in the renewable energy sector, PV Magazine reported.
Under the agreement, Waaree Solar Americas will supply its n-type G12R modules in 615 W and 620 W power classes. The modules will be manufactured at the company’s manufacturing facility in Brookshire, Texas.
Module deliveries are scheduled for the first and second quarters of fiscal year 2027-28
The company said the order expands its portfolio of utility-scale projects in the United States, where demand for domestically manufactured solar components continues to grow alongside utility-scale renewable energy deployment.
“This order reflects the increasing confidence that utility-scale developers have in Waaree Solar Americas as a trusted domestic manufacturing partner,” said Sunil Rathi, executive director, Waaree Group. “Our Made-in-America modules combine advanced technology, superior quality and dependable execution- attributes that have become increasingly important as the U.S. solar industry continues to scale.”