CGN New Energy has awarded contracts for 10.5 GW of solar modules to seven companies under its 2025 procurement framework. The winning companies, including JinkoSolar, Grand Sunergy Tech, Longi, Gokin Solar, Huansheng Solar, GCL SI, and Meike Solar, will supply n-type bifacial panels of 615 W and above, with backup options of monofacial or bifacial panels of 710 W and above. The contracts, valid from January 1 to December 31, 2025, have bid prices ranging from CNY 0.692 ($0.095)/W to CNY 0.706/W and include an option for extension upon mutual agreement.

Meanwhile, Sofar, a Shenzhen-based solar inverter and energy storage company, has filed for registration on the Shenzhen Stock Exchange's Growth Enterprise Market, aiming to raise CNY 12.11 billion through the issuance of up to 93 million A-shares. The funds will be allocated to energy storage, R&D, manufacturing, and marketing expansion.

In the polysilicon market, production remains at low-capacity utilization, with prices stabilizing compared to the previous week. Transaction prices for n-type polysilicon range from CNY 39,000 to 46,000 per metric ton, averaging CNY 41,700/MT, while p-type polysilicon prices range from CNY 32,000 to 36,000/MT, averaging CNY 34,000/MT.

TrendForce reports that M10 silicon wafer prices are holding steady at CNY 1.10 per piece, while G12 wafers remain at CNY 1.65. N-type 182 mm wafers are priced at CNY 1.18, and n-type 210 mm wafers sell for CNY 1.55. The price of n-type 210R wafers fell 3.03% to CNY 1.28 per piece. In the solar cell segment, M10 cells jumped over 20% this week to CNY 0.33/W, while M10 and G12 TOPCon cells held at CNY 0.29/W and G12R TOPCon cells at CNY 0.27/W.