Xinyi Solar Holdings Limited, commonly known as Xinyi Solar, is a leading player in the solar thermal electricity industry, headquartered in China. Founded in 2006, the company has rapidly expanded its operations across major regions, including Asia, Europe, and North America, establishing a strong global presence.
Specialising in the production of high-quality solar glass and photovoltaic products, Xinyi Solar is renowned for its innovative technology and commitment to sustainability. The company’s core offerings include solar panels and glass, which are distinguished by their efficiency and durability, catering to the growing demand for renewable energy solutions.
With a robust market position, Xinyi Solar has achieved significant milestones, including being listed on the Hong Kong Stock Exchange. Its dedication to research and development has solidified its reputation as a pioneer in the solar industry, contributing to a greener future.
+18 vs industry average
Xinyi Solar’s score of 29 is higher than 71% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Solar Thermal Electricity is among the most carbon-intensive industries
Industry performance
The Solar Thermal Electricity industry has reduced its overall emissions by 36% since 2018
Emissions trajectory 2020 – 2028
Reported emissions
Scope 3 accounts for ••• of total emissions.
Xinyi Solar's reported carbon emissions
Xinyi Solar, a company based in China operating in the "Electricity by solar thermal" industry, has reported its carbon emissions for recent years.
In 2024, Xinyi Solar's total emissions were approximately 7.85 billion kg CO2e. This comprised about 5.43 billion kg CO2e of Scope 1 emissions and approximately 1.24 billion kg CO2e of Scope 2 emissions. Scope 3 emissions for 2024 were reported at around 1.18 billion kg CO2e.
For 2023, the company's Scope 1 emissions totalled approximately 4.49 billion kg CO2e, with Scope 2 emissions at about 1.22 billion kg CO2e. Scope 3 data was not disclosed for this year.
In 2022, Xinyi Solar's Scope 1 emissions were approximately 3.00 billion kg CO2e, and Scope 2 emissions were around 926.81 million kg CO2e. Similar to 2023, Scope 3 emissions were not disclosed.
Prior to this, in 2021, Scope 1 emissions were approximately 2.42 billion kg CO2e, and Scope 2 emissions were about 832.09 million kg CO2e. For 2020, Scope 1 emissions were around 1.91 billion kg CO2e, with Scope 2 emissions at approximately 610.55 million kg CO2e.
Xinyi Solar has established a greenhouse gas (GHG) emission target, aiming to achieve peak Scope 1 and 2 GHG emissions by 2029, with the target officially set in 2025. This commitment reflects a near-term strategy to manage its climate impact. The company also provides production intensity data, such as greenhouse gas emissions intensity per square metre of finished product, which helps to track efficiency over time.
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Xinyi Solar’s Climate Goals (2030 & 2050)
1 goal2029
the Group officially established a GHG emission target in 20…
the Group officially established a GHG emission target in 2025 with a commitment to achieve peak Scope 1 and 2 GHG emissions by 2029
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 1 climate goals
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives

Science Based Targets Initiative

Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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