China

China is dramatically changing its power system to boost battery profits and reduce solar payments. 20 provinces and regions have adopted electricity rate regimes that will likely affect solar's economic outlook. With improved economics, China is expected to triple energy storage installations this year. Meanwhile, Australia is pressing China to remove trade impediments concerning live lobster and red meat.

Researchers in China have developed a graphite putty for use in perovskite solar devices - malleable, cost-effective and environmentally sustainable with impressive efficiencies of up to 20.29%.

GCL sets the bar high in perovskite tandem module development with its new record in conversion efficiency. Optimized light trapping structure & adjusted band gap of device layer make it possible.

GCL System Integration Technology Co Ltd obtains approval for CNY-4.84-billion private share sale in Shenzhen, with proceeds to fund expansion of 10-GW N-type cell factory and increase module capacity to 30 GW.

Trina Storage has successfully completed the delivery of a 25-MW/50-MWh Battery Energy Storage System (BESS) in Tianmen, China. This hybrid solar-plus-storage site will generate electricity over fish ponds and offers 1500 VDC energy storage technology with extended battery lifetime. Get ready for cleaner electricity from this 400-MW site!

China Energy Investment Corp. and China Longyuan Power Group Corp. are investing $416 million to build the world's second largest renewable energy project. This 11-gigawatt power plant in Gansu province will reduce emissions and provide back-up energy storage. Construction will begin soon after government approval.

China is on track for an historic decrease in carbon emissions by 2024 due to unprecedented growth in renewable energy production. Learn how this shift is at risk of resistance from coal and local governments in Carbon Brief's new analysis.

China to remain the global leader in solar supply chain for the next 4 years, controlling 80% of global capacity. USD 130B invested, cost, tech & policy advantages. Capacity sufficient to cover global demand until 2032. US & India to add 200 GW, but Chinese imports remain.

Climate tech investments jumped 224% in Sweden and surged to $16.6 billion worldwide in Q3 2023. China led the way with $4.5 billion, followed by low-carbon energy and transport. 34 new venture capital and private equity funds are expected to inject $8.2 billion.

DMEGC Solar has made history, becoming the first PV module manufacturer to be certified as CO₂-neutral by TÜV SÜD. With energy-saving modifications, renewable energy usage and zero-carbon goals, DMEGC Solar sets the standard for sustainable PV production.

Researchers from East China University of Science and Technology have developed a new manufacturing process for printable mesoscopic carbon perovskite solar cells (p-MPSCs): replacing metals & vapor deposition with carbon & screen printing for cost-effective production & high efficiency.

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.