Deals Counterparts

Jiangsu Fangyang New Energy Investment Co., Ltd. connects 1 MW perovskite solar power plant to grid

Development Solar announced Lianyungang, China Mar 6, 2026
1 MW
Capacity
operating
Stage
Centrale photovoltaïque démonstrative à pérovskites de la nouvelle zone de Xuwei
Project

Jiangsu Fangyang New Energy Investment Co., Ltd. developed and connected a 1 MW experimental perovskite solar power plant in Xuwei New Area, Lianyungang, Jiangsu province, to the grid in late February 2026.

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Deal Analysis

Jiangsu Fangyang New Energy Investment Co., Ltd. has brought a 1 MW experimental perovskite solar power plant online in Lianyungang, Jiangsu province, connecting it to the grid in late February 2026. This development represents a strategic move into next-generation solar technology rather than a conventional utility-scale power play. The 1 MW capacity of the Centrale photovoltaïque démonstrative à pérovskites de la nouvelle zone de Xuwei suggests a focus on proving the commercial viability and grid integration of perovskite cells within China's energy infrastructure. For Jiangsu Fangyang, this project in Xuwei New Area provides critical operational data and expertise with an emerging solar material, potentially de-risking future, larger-scale deployments. While the project value remains undisclosed, the investment prioritizes technological advancement and market positioning over immediate financial returns from power sales. For Jiangsu Fangyang New Energy Investment Co., Ltd., a China-based new energy firm, the grid connection of this 1 MW perovskite plant aligns directly with its stated focus on renewable energy project development and investment, particularly within Jiangsu province. This project expands their portfolio beyond conventional solar, positioning the firm at the forefront of technological innovation in China's new energy sector. Renshine Group, identified as a supplier for the Lianyungang facility, typically focuses on urban development and renewal, industrial operations, and commercial operations across China. Their involvement in this experimental solar project suggests a potential diversification into advanced energy infrastructure components or a strategic partnership leveraging their large-scale urban development capabilities. The development of the Centrale photovoltaïque démonstrative à pérovskites de la nouvelle zone de Xuwei could provide Renshine Group with new avenues for growth within China's evolving energy landscape.
  • 1 MW experimental perovskite solar power plant
  • Grid-connected in Lianyungang, Jiangsu, China, in late February 2026
  • Developed by Jiangsu Fangyang New Energy Investment Co., Ltd., a China-based new energy firm
  • Renshine Group, primarily focused on urban development in China, acted as a supplier
  • Project value for the Centrale photovoltaïque démonstrative à pérovskites de la nouvelle zone de Xuwei was not disclosed

Source Intelligence

KEY DETAILS

The installation is located within a national petrochemical industrial base: "L’installation se trouve à l’intérieur d’une base industrielle pétrochimique nationale". The project's stated objective is to measure real-world performance, degradation phenomena, and operational stability of large-area perovskite modules in the coastal climate of eastern China: "Son objectif déclaré est de mesurer les performances réelles, les phénomènes de dégradation et la stabilité opérationnelle de modules pérovskites de grande surface dans le climat côtier de l’est de la Chine, caractérisé par une forte humidité, des embruns salins et des poussières transportées par le vent.". The modules used are double-glazed, measuring 1.2 m × 0.6 m, achieve nearly 20% efficiency in mass production, and deliver over 140 W per module: "La centrale utilise des modules pérovskites grand format à double vitrage mesurant 1,2 m × 0,6 m, fournis par le spécialiste chinois Renshine. Selon la présentation du projet, ces modules atteignent près de 20 % de rendement en production de masse et délivrent plus de 140 W par module."

Capacity
L’installation d’essai de 1 MW est située dans la nouvelle zone de Xuwei, à Lianyungang, dans la province du Jiangsu.
Location
L’installation d’essai de 1 MW est située dans la nouvelle zone de Xuwei, à Lianyungang, dans la province du Jiangsu.
PPA Details
l’électricité produite est destinée à la consommation industrielle sur site.
Announcement
mars 6, 2026
COD
a été raccordée au réseau et est entrée en exploitation complète fin février 2026.
PARTIES MENTIONED IN SOURCE
J
Jiangsu Fangyang New Energy Investment Co., Ltd. developer/owner

"Le projet... a été développé et appartient à Jiangsu Fangyang New Energy Investment Co., Ltd., la plateforme d’investissement dans les énergies renouvelables du groupe Fangyang."

F
Fangyang Group parent group

"la plateforme d’investissement dans les énergies renouvelables du groupe Fangyang."

R
Renshine module supplier

"La centrale utilise des modules pérovskites grand format à double vitrage mesurant 1,2 m × 0,6 m, fournis par le spécialiste chinois Renshine."

high quality Enriched Mar 9, 2026

Timeline

Announced
Mar 6, 2026
Signed
Closed

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