TCL Zhonghuan Renewable Energy Technology (TCL Zhonghuan), a Chinese solar wafer manufacturer, has completed its controlling acquisition of DAS Solar Technology (DAS Solar), a manufacturer of solar cells and modules.

The transaction was completed through an equity purchase, capital increase, and the acceptance of entrusted voting rights. TCL Zhonghuan’s board approved the investment on March 30, 2026.

Beginning in the third quarter of 2026, DAS Solar will be included in TCL Zhonghuan’s consolidated financial statements, subject to final confirmation by the company’s annual audit accountant.

The acquisition is said to support its strategy to expand into the solar cell and module segments while strengthening vertical integration across the photovoltaic manufacturing value chain. The company said the transaction adds 20 GW of solar cell and 50 GW of solar module manufacturing capacity, expanding and integrating its manufacturing chain across wafers, cells, and modules.

Wang Cheng, CEO of TCL Technology Group, noted, “The integration brings together the complementary strengths of both companies, enabling greater value creation through full value chain collaboration. By accelerating the development of competitive end-market products and leveraging TCL’s global resources, the combined company is well positioned to strengthen its international market presence, transform technological leadership into commercial success, and further enhance its global competitiveness.”

The company said it plans to combine its back-contact (BC) solar cell patent portfolio with DAS Solar’s manufacturing processes and production capacity to accelerate upgrades to BC cell and module manufacturing. The company also said it intends to accelerate the commercialization of BC products by integrating BC intellectual property, manufacturing processes, and module production capabilities across the value chain. According to the company, it is expanding BC production capacity and positioning BC technology as the foundation of its module business.

The company also said it plans to accelerate the deployment of next-generation high-efficiency module products.

According to Mercom’s recently released Q1 2026 Solar Funding and M&A report, Corporate M&A activity in the solar sector was 47% higher YoY, with 28 transactions compared to 19 in Q1 2025.

Previously, in May 2026, Skycorp Solar Group, a manufacturer of solar cables and solar connectors, signed a share acquisition agreement to acquire the remaining 56% equity interest in Nanjing Cesun Power, a provider of turnkey solar project services.