Hongyuan Green Energy Co Ltd has taken control of a new entity, Suntech Power Co., Ltd.(New Suntech) through subsidiary HY Solar Co Ltd. New Suntech holds the patents and brands formerly belonging to Wuxi Suntech, which remains insolvent. New Suntech and Hongyuan jointly operate a 16GW/year module factory at 1159 Gangcheng Avenue, Jiangyin. New Suntech is considered a new entity from Wuxi Suntech as of May 20, 2026.

As the solar industry enters a more mature and competitive phase, market differentiation is no longer driven by product performance alone. Customers increasingly evaluate supply chain resilience, execution capability, and long-term operational reliability alongside technology efficiency and pricing.

Recently, Suntech Power Co., Ltd. has completed the acquisition of the Suntech brand-related assets. The brand has also earned the prestigious EUPD TOP BRAND Portugal certification, highlighting its recognized quality and reliability in the renewable energy sector.

Recently, the 3rd Solar Energy Storage Future Philippines 2026 concluded successfully in Manila, bringing together global leaders across the solar and energy storage industry. Mr. Joey Zheng, APMEA & LATAM General Sales Manager at Suntech, participated in high-level discussions with industry experts and value chain representatives. At the event, Suntech was also recognized with the Smart Sustainability Solutions Award for its innovative and integrated energy solutions.

Recently, Suntech participated in the China Smart Industry Trade Exhibition, together with its exclusive agent in Malaysia, NexGen AI Capitals Sdn. Bhd. Organized by CHINA ENTREPRENEURS ASSOCIATION IN MALAYSIA, the event brought together government representatives, industry leaders, and technology innovators to explore opportunities in smart industries, digital transformation, and sustainable development across Southeast Asia.