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China to require phase-out of inefficient solar panels from 2027
China will introduce mandatory energy-efficiency standards across its solar industry from Jan. 1, 2027, covering polysilicon, wafers, crystalline silicon modules and grid-connected inverters. The rules will turn previously recommended benchmarks into binding requirements and are expected to affect production, procurement, imports and equipment selection for renewable projects. New national standards will tighten energy-use requirements for polysilicon processes and raise efficiency expectations in wafer manufacturing and finished products.
Industry
Hanwha Solutions board joins executives in share purchases
All outside directors at Hanwha Solutions will buy company shares in support of a rights issue, the company said on Sunday. Board chairman Jang Jae-su and outside directors Song Gwang-ho, Bae Seong-ho and Lee A-young said they agreed on the need for the rights issue announced on March 26. Their participation follows earlier share purchase plans announced by senior executives, including Vice Chairman Kim Dong-kwan.
Industry
Hanwha Solutions to use 2.4 trillion won to defend credit rating, repay borrowings
Hanwha Solutions approved a 2.4 trillion won rights issue to overhaul its financial structure and pre-empt pressure on its credit rating by directly repaying debt. Of the proceeds, 1.5 trillion won will be used to redeem bonds, commercial paper and credit lines maturing this year, targeting a consolidated debt ratio below 150 percent by year-end. The remaining 900 billion won will fund solar technology investments over three years. The company also disclosed a 2026-2030 shareholder return policy.