--- title: "Eight photovoltaic expansion projects delayed, suspended, or terminated" type: "News" locale: "zh-HK" url: "https://longbridge.com/zh-HK/news/276720541.md" description: "The photovoltaic expansion projects are facing difficulties. Since January 1, 2026, eight projects have experienced delays, suspensions, or terminations. Baida Precision has made impairment provisions for its uncommissioned 3GW TOPCon battery project; OJing Tech has suspended some production lines to reduce losses; TRINA SOLAR has reduced its investment in the 15GW project and shifted to new projects; SAFETY's Medallion has temporarily suspended some production lines, expected to last no more than 60 days" datetime: "2026-02-24T10:18:39.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/276720541.md) - [en](https://longbridge.com/en/news/276720541.md) - [zh-HK](https://longbridge.com/zh-HK/news/276720541.md) --- > 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/276720541.md) | [English](https://longbridge.com/en/news/276720541.md) # Eight photovoltaic expansion projects delayed, suspended, or terminated Entering a downward cycle, photovoltaic expansion projects are collapsing one after another, "dying" halfway. According to incomplete statistics, since January 1, 2026, eight photovoltaic projects have experienced fundraising delays, temporary shutdowns, project terminations, and changes in fundraising situations. (1) Baida Precision: **3GW TOPCon battery invested but not put into production** On January 23, Baida Precision (603331) announced its 2025 performance forecast, stating that due to its holding subsidiary's investment in solar cell projects **not being put into production**, it plans to make impairment provisions for related assets showing signs of impairment. As of the end of 2024, Baida Precision's total investment of 1.331 billion yuan in the annual production of 4.5GW TOPCon cell project has constructed 3GW TOPCon cells, which have not yet been put into production, and the project's progress is below expectations. The company has suspended investment in another 1.5GW TOPCon cell production line, and there is significant uncertainty regarding the progress of subsequent projects. (2) OJing Tech: Some production lines of Tianjin Ouchuan and Yixing Ouqing are temporarily shut down On January 23, OJing Tech (001269) announced that in order to reduce losses, lower operating costs, and protect shareholder interests, some production lines of its wholly-owned subsidiaries Tianjin Ouchuan Environmental Technology Co., Ltd. (referred to as "Tianjin Ouchuan") and Yixing Ouqing Environmental Technology Co., Ltd. (referred to as "Yixing Ouqing") are temporarily shut down, and future production resumption will be decided based on market conditions. (3) TRINA SOLAR: No longer implementing the second phase 15GW monocrystalline project in Qinghai On January 23, TRINA SOLAR announced that the company plans to reduce the fundraising investment amount for the "annual production of 35GW monocrystalline project," will no longer implement the second phase 15GW project, and will use the remaining fundraising of 1.7 billion yuan for the new project "Distributed Smart Photovoltaic Power Station Construction Project." The new project is expected to be completed and put into operation by the end of 2026. (4) SAFETY: Meidalen's partial production lines temporarily shut down, expected not to exceed 60 days On January 29, SAFETY (603028) announced that its holding company Anhui Meidalen Photovoltaic Technology Co., Ltd. (referred to as "Anhui Meidalen") plans to temporarily shut down due to its annual production and operation plan, with an expected shutdown time of no more than 60 days. Anhui Meidalen will use the shutdown window period for production line maintenance and equipment upgrades to ensure that all indicators meet standards upon resumption of production. (5) Baichuan Changyin: Suspended investment in Deqing HJT battery, postponed Shanghai HJT pilot line On January 30, Baichuan Changyin (300614) released its 2025 performance forecast. It also stated that in response to the challenges brought by the cyclical adjustment of the photovoltaic industry, the company has suspended investment in the Zhejiang Deqing heterojunction battery photovoltaic project and actively optimized its R&D strategic layout, postponing the advancement of the Shanghai heterojunction battery photovoltaic R&D pilot line. The company plans to make asset impairment losses based on the principle of prudence (6) Mingguan New Materials: Termination of Investment in the Solar Backplane and Functional Film Production Base Project in Feidong County On February 8, Mingguan New Materials (688560) announced that the company's board of directors agreed to terminate the investment in the construction of the solar backplane and functional film production base project in Feidong County. The total investment for the solar backplane and functional film production base project is estimated to be 5 billion yuan. (7) **Yihua Co., Ltd.: Photovoltaic Bracket Production Base Project Delayed to December 2026** On February 9, Yihua Co., Ltd. (002897) announced that the company decided to postpone the date for the "Yueqing Photovoltaic Bracket Core Component Production Base Construction Project" to reach the predetermined usable state until December 2026. The original date was April 2026. (8) **CITIC Bo: Photovoltaic Bracket Fundraising Project Delayed, Redirected to Robotics** On February 12, CITIC Bo (6888408) announced that the company reviewed and approved the proposal to change the implementation content and delay of the fundraising project for the issuance of A-shares to specific targets in 2022, "Research Laboratory Construction Project." The project originally planned to invest 56.25 million yuan of raised funds, with the change in investment direction accounting for 5.19%. The company intends to change the original topics such as "Research and Development of Flexible Tracking Brackets" to "Research and Development of Intelligent Piling Robots" and adjust the internal investment structure. The date for the project to reach the predetermined usable state will be postponed from November 2026 to November 2027 ### 相關股票 - [OJing Tech (001269.CN)](https://longbridge.com/zh-HK/quote/001269.CN.md) - [TRINA SOLAR (688599.CN)](https://longbridge.com/zh-HK/quote/688599.CN.md) - [Baida Precision (603331.CN)](https://longbridge.com/zh-HK/quote/603331.CN.md) - [SAFETY (603028.CN)](https://longbridge.com/zh-HK/quote/603028.CN.md) ## 相關資訊與研究 - [Chinese PV Module Makers Hike Prices as China Cancels 9% Export Tax Rebate](https://longbridge.com/zh-HK/news/280959437.md) - [Trina Solar's shareholder to sell 2% stake in co](https://longbridge.com/zh-HK/news/277185777.md) - [PV Cell Maker Yingfa Ruineng Seeks Hong Kong IPO, Backed By China's National Green Fund](https://longbridge.com/zh-HK/news/280994804.md) - [Boralex and Six Nations Close $202 Million Green Loan for Ontario Battery Storage Project](https://longbridge.com/zh-HK/news/281546581.md) - [Stocks to buy today: Analyst at Kotak Sec bets on ONGC, Emmvee Photovoltaic](https://longbridge.com/zh-HK/news/281280130.md)