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voltsdaily

Tuesday, 9 June 2026

2 briefs so farlast update 18:51 UTC

Key points

  • China solar additions slump to 10 GW in April as tariff regime ends.
  • TOYO commits USD 357 million to 1.5 GW Houston HJT cell plant.

Renewables

China solar additions slump to 10 GW in April as tariff regime ends

China added only 10 GW of new solar capacity in April, 79% less than a year earlier, as developers absorbed the end of fixed-price tariffs for renewable projects.

The April reading followed a March tally of 9 GW, also down 56% on the same month last year, Carbon Brief reported using official figures. Both months mark a sharp retreat from a record installation year, when China connected 315 GW of new solar, more than half the global total.

Beijing rewired the incentive system in February last year, replacing guaranteed feed-in payments with a contract for difference (CfD)-style auction for new wind and solar projects. Developers raced to lock in the old terms before the cutoff, pushing monthly additions to 45 GW in April and 93 GW in May of last year, before the pipeline emptied to 14 GW that June, Carbon Brief found in government data.

Ember Asia energy analyst Yang Biqing told Carbon Brief the CfD framework has left developers facing "greater uncertainty", alongside intense competition and pressure for "consolidation" across the sector.

The central government is aiming for 200 GW of combined new wind and solar capacity this year. The China Photovoltaic Industry Association puts the solar range at 180 to 240 GW for the same period. Both figures trail what the country built in solar alone last year.

Factory shipments tell a different story. Reuters reported that China sent almost 1.2 million tonnes of solar cells abroad in April, 60% more than a year earlier, though below the record set the previous month.

Source: carbonbrief.org (opens in a new tab)1 sourcePermalink

Aerial view of a large solar panel farm in an arid landscape with part of the site still under construction.
Photo: Quang Nguyen Vinh / Pexels (opens in a new tab)

Renewables

TOYO commits USD 357 million to 1.5 GW Houston HJT cell plant

TOYO Co Ltd will spend USD 357 million on a 1.5 GW N-type heterojunction solar cell plant in Houston. The company said engineering, design, and procurement are underway, with full completion and pilot production targeted within 20 months.

At full output, the site qualifies for the Section 45X Advanced Manufacturing Production Credit under the Inflation Reduction Act, which pays USD 0.04 per watt for domestic cells and could deliver up to USD 60 million a year to the facility.

TOYO projects roughly 400 direct manufacturing jobs at the Houston site and about 1,200 indirect jobs along the regional supply chain.

"Expanding into domestic cell manufacturing is the natural next step in our commitment to creating an integrated onshore solar supply chain from polysilicon to panels," Chairman and CEO Takahiko Onozuka said.

Financial context

The outlay equals more than 60% of TOYO's USD 579 million market capitalization.

First-quarter 2026 revenue reached USD 142.8 million, up 177% year on year, and net income hit a record USD 28.4 million, which TOYO attributed to the ramp-up of its international cell lines.

The Houston plant moves TOYO downstream of its existing wafer and module operations and into the cell step of the supply chain that Onozuka described.

Source: pv-magazine.com (opens in a new tab)1 sourcePermalink