China's solar technology company Longi Green Energy Technology achieved a module efficiency of 25.4 percent with its independently developed HPBC 2.0 solar cells, setting a new world record for crystalline silicon module efficiency, the company said on Wednesday.

This marks the first time that a Chinese solar technology company has set the world record since 1988, breaking a 36-year monopoly held by overseas photovoltaic brands, it said.

Crystalline silicon module efficiency refers to the ability of solar panels to convert received solar energy into electrical power. Higher efficiency means that the same surface area of solar panels can generate more electricity, which helps reduce installation space, lower system costs, and increase energy output.