Author: Admin

Chinese solar giant Tongwei has announced plans to acquire 100% of polysilicon producer Qinghai Lihao through a combination of share issuance and cash, alongside a proposed supporting fundraise. The move was disclosed in a trading suspension notice dated Feb. 25. Tongwei said the transaction remains at a preliminary stage. The company has signed an intention agreement with the proposed sellers — Duan Yong and two limited partnerships, Hainan Zhuoyue Enterprise Management Partnership and Hainan Haoyue Enterprise Management Partnership. Final parties and detailed terms will be revealed in a subsequent transaction…

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China’s photovoltaic (PV) industry continues to face pricing pressure as polysilicon values decline amid subdued market activity and persistent oversupply. The silicon industry division of the China Nonferrous Metals Industry Association (CNMIA) reported that polysilicon prices remained on a downward trajectory following the Chinese New Year holiday. Transaction volumes were limited, and procurement activity remained muted. Although manufacturers reduced operating rates to 32%, supply continued to outpace demand. Wafer prices also softened across major formats. N-type G10L wafers averaged CNY 1.10 ($0.15) per piece, marking an 8.33% decline. G12R wafers…

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Lei Zhang, Founder and Chief Executive Officer of Envision Energy, has been named the recipient of the Energy Institute’s 2026 President’s Award — the organisation’s highest honour — in recognition of his transformative contributions to the global energy transition. In announcing the award, the Energy Institute (EI) highlighted Envision’s role in reshaping the global energy landscape by aligning decarbonisation with economic growth and long-term prosperity. Zhang was recognised for framing the energy transition not as a constraint, but as a systems-level challenge and economic opportunity — one that demands innovation,…

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ISLAMABAD: A reported $60 billion investment by India in water storage infrastructure along the western rivers — the Jhelum River and the Chenab River — has sparked serious concerns in Pakistan over potential water security risks, including the possibility of engineered floods and droughts. At a recent federal-provincial dialogue on water storage projects, Chairman of the Water and Power Development Authority (Wapda), retired Lt Gen Muhammad Saeed, reportedly informed participants that India’s planned investments could expand its storage capacity on the two rivers from roughly 15 days at present to…

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JERUSALEM: The conflict between Iran and the US-Israel alliance escalated dramatically on Sunday after Iran confirmed the assassination of Supreme Leader Ali Khamenei in a joint US-Israeli airstrike — a development that has plunged the region into one of its most dangerous crises in decades. Iran declared 40 days of national mourning and announced seven public holidays following the death of the leader who had held ultimate authority since 1989. Iranian state media reported that Khamenei was killed while working in his office during Saturday’s coordinated strikes. In retaliation, Iranian…

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