China

Acwa Power Co. is expanding to China and other Asian markets in 2022, focusing on desalinization, power plants and renewable energy. The move is part of the company's global expansion and carbon emission neutralization plans. CEO Marco Piero Arcelli, appointed in 2021, is driving the firm's ambitions to also build partnerships and establish operations in Europe and Saudi Arabia.

GCL Technology Holdings Ltd. is in advanced talks to build its first foreign plant in Saudi Arabia. The plant will produce 120,000 tons of polysilicon a year and could start operations as early as 2025. Lower solar prices have increased demand in China and around the world, making this expansion into new markets possible. GCL is considering opportunities in Mexico and Australia as well.

Global new investment in renewable energy skyrocketed to $358 billion in the first six months of 2023, a 22% rise compared to the start of last year and an all-time high for any six-month period. This is based on the latest investment data from BloombergNEF’s 2H 2023 Renewable Energy Investment Tracker report, published on August 21, 2023.

Sekisui Chemical is investing $68 million to mass produce perovskite solar cells (PSCs) with 10-year durability and 15% efficiency. Japanese gov't is supporting this cutting edge tech to install in public facilities.

US Commerce Department's 17-month probe is set to rule on trade practices related to Chinese-made solar equipment. Sanctions could include antidumping and countervailing duties up to 254% next June, impacting US clean energy growth and job opportunities. Ruling may also affect domestic manufacturers and treatment of silicon wafers used for solar cells and modules.

GCL System Integration Technology Co Ltd has launched its 10-GW N-type solar cells factory in Wuhu City, China. USD 1.12 billion project with cell production capacity of over 22% efficiency, to be completed soon, complies with GCL Group's full PV industrial chain.

Solar installations to reach historic high in 2023 with 270 GW of new capacity. China to remain leader in panel manufacturing while US sees boom in utility & residential solar. UK to lead in residential solar, Romania in distributed projects. Solar LCOE falling; 330 GW capacity by 2032.

New research strategy to modify Tin dioxide (SnO2)/perovskite interface by passivating buried defects and modulating carrier dynamics achieves record-breaking power conversion efficiency of 25.05%. Improved energy level alignment and superior interface contacts offer enhanced stability.

Trina Solar has supplied 463.18 MW of Vertex 580 W modules with 210R technology to two hybrid hydro-solar power plants in Sichuan province, China. On July 7, Trina Solar led the standardization of module dimensions, providing comprehensive solutions to support the PV industry's growth and advance towards a net-zero future.

China has unveiled the world's largest Salt-Light Solar Power Station in Tianjin with enough capacity to power 1.5 million homes and 13sq km of double-sided solar panels that cool the salt water for ideal shrimp farming conditions. Similar projects in other countries are revolutionizing the agro-fishing industry with solar power.

Three Gorges Renewables is building the world's first full-scale commercially tested dual-tower CSP project in Guazhou, Gansu Province. With an investment of 4.93 billion yuan, a 100MW molten salt technology will generate solar, photovoltaic and wind power. Construction to be completed in 2023.

Solar module prices appeared to be at a bottom, with solar cell prices increasingweekly and wafer prices being cut by suppliers. Prices in 2023-24 are expected to rise beyond 22c/watt, signaling a market recovery.

World's largest solar plant with 1 million kilowatt capacity connected to grid in Tianjin, China. Plant tilts solar panels at 17 degrees for improved efficiency while producing salt, solar energy and aquaculture - saving 500,000 tons of standard coal and reducing CO2 emissions by 1.25 million tons. Investment in China's new energy sector at $1.36 trillion with high growth expected.

Sinopec is leading the way in renewable energy with a new hydrogen production facility in Kuqa, China, committed to reducing carbon emissions by 15% by 2030 and reducing 100,000 tons of emissions per year. Be part of the future with Sinopec!

CNOOC has connected to the grid its 40-MW onshore PV project located in the city of Hezuo, China. This unique project follows an "Animal Husbandry-solar Complementary Project" model, with a 6-MW/12-MWh energy storage system and racks to allow animal grazing. It is helping CNOOC achieve its green and low-carbon transition goals and supporting local development.