Search



China's Solar Shake-Up: Batteries Boom, Solar Woes
China is changing its power system to reduce payments to solar providers while boosting profits of storage systems, particularly batteries. At least 20 provinces and regions have adopted electricity rate regimes that reduce prices in the middle of the day and raise them in peak morning and evening hours. This shift will likely reduce revenue for solar during peak generation while making energy storage more profitable. China is expected to more than triple energy storage installations this year, thanks to improved economics. The effect of lower midday prices on the economics of solar remains to be seen. Australia will continue to press China to remove trade impediments affecting live lobster and red meat as relations between the two countries warm. How will China's Power System Changes Impact Solar? The shift will reduce the peak revenue for solar and increase the profitability of energy storage systems. China is expected to triple energy storage installations in 2020 due to improved economics. The effect of reduced prices during midday on the economics of solar is yet to be seen. China is likely to invest in newer energy sources such as renewable energy sources, as it seeks to reduce its reliance on fossil fuels. The combination of reduced midday prices and increased investment in energy storage could lead to a decline in solar installations in China. The shift in the power system could also have an impact on the pricing of solar installations, making them more expensive. Increased energy storage could also lead to an increased demand for solar energy during off-peak hours, resulting in higher prices for solar energy during these times.
Dec 11, 2023 // Markets & Finance News, China, Asia
China Power clean energy unit to de-list from Hong Kong exchange
China Power Clean Energy Development will leave the Hong Kong exchange to come under the control of its state-owned parent. Independent shareholders in the Hong Kong-listed clean energy project development business of Chinese power giant China Power have voted through a plan to de-list from the island stock exchange. The move means the China Power Clean Energy Development Co Ltd unit will leave the Hong Kong exchange on August 20 and be subsumed by its unlisted, Chinese state-owned parent company China Power New Energy Ltd. Stockholders in the Hong Kong business were offered HK$5.45 (US$0.70) per share or six shares in the parent. With China Power unlisted, it is anticipated all but the two main shareholders in the Hong Kong unit – the China Power parent which owns 26.42% of the subsidiary and fellow Chinese state-owned body China Three Gorges Corporation – will take up the cash offer. At a shareholder vote on the move, held in Hong Kong on July 12, there was opposition from the holders of 1.57% of shares in China Power Clean Energy Development.
Jul 25, 2019 // Markets & Finance News, China, China Power Clean Energy Development, China Power, Hong Kong, Asia
Total battery subsidiary opens China factory
battery storage space supplier Saft has ushered in a new factory in Zhuhai, China. The production capacity of the brand-new plant will be around 200 containers
Nov 10, 2020 // Storage, France, China, Europe, Asia, Total, GLOBAL
Tentative US-China deal heralds trade bonanza for PV polysilicon makers
polysilicon makers will be allowed to export their products to China in greater volumes under the first phase of a trade agreement between the US administration
Jan 16, 2020 // Manufacturing News, Markets & Finance News, USA, America, China, polysilicon, Asia, Donald Trump, North America, REC Silicon, solar trade, wacker, hemlock
Resources scarcities creating solar module bidding prices to climb in China
bids for centralised solar module procurement from companies in China consisting of China Huadian, CNNC Nanjing and also China Longyuan have
Mar 12, 2021 // Manufacturing News, China, polysilicon, Asia, solar glass, materials, module pricing
China Begins Construction Of 16 GW Solar-Wind-Coal Power Complex
the largest mounted solar capacity worldwide at over 350 GW, China has begun to develop a massive 16 GW, $11 billion energy project that will hold solar, wind
Jan 4, 2023 // Plants, Large-Scale, Commercial, China, Asia, inner mongolia, China Three Gorges Corporation, Hebei Province, Ordos, Solar-Wind-Coal Power Complex, Three Gorges Corporation
Total, Envision’s JV launches commercial activity in China
to develop on-site distributed generation solar projects for B2B customers in China. TEESS will provide customers with a mix of both distributed solar
Sep 16, 2019 // Plants, Large-Scale, Commercial, China, Total, teess, envision, Alex Sun, Julien Pouget
JA Solar returns to stock market listing in China
SMSL member, Trina Solar is also going through the process of relisting in China, after delisting from the NYSE in March 2017.  Upon Trina Solar’s
Nov 28, 2019 // Manufacturing News, Plants, Large-Scale, Commercial, Markets & Finance News, China, SMSL, JA Solar, pv modules, c-si manufacturing, Asia, Trina Solar, monocrystalline wafer, shenzen
ReneSola’s project disposals ramp with 22.3MW in China offloaded
disposing of around 200MW of existing PV power plant systems located in China with the sale of 11 rooftop DG projects located in Zhejiang Province to a
Oct 10, 2019 // Plants, Large-Scale, Commercial, China, pv power plants, Asia, investment, renesola, Shelley Xu
Lyon Group and China Huadian pen pan-Asia renewables-plus-storage deal
renewables investor Lyon Group has penned an agreement with China Huadian Corporation which will see the duo co-develop and invest in power-plus-battery
Oct 15, 2019 // Markets & Finance News, Storage, China, Australia, Asia, solar-plus-storage, Oceania, BESS, lyon group, china huadian, jera, co-location, David Green
China Adds 18.7 GW of Solar Capacity in First Nine Months of 2020
China has installed 18.7 GW of solar capability in the first nine months of 2020, a boost of 17% contrasted to 16 GW set up during the exact same duration in 2019, according to the most recent information from the National Energy Administration (NEA). Large-scale solar setups accounted for 10.04 GW, and also dispersed solar accounted for the staying 8.66 GW. China's advancing installed solar ability got to 223 GW at the end of September 2020. In the first half of the year, China had actually installed 11.52 GW of solar. China lately announced its aspiration to become carbon-neutral by 2060. China is stated to be contributing 28% of global exhausts. North China, with 8 GW of new solar ability installations, and East China, with 3.5 GW, videotaped a lot more new solar setups contrasted to the various other parts of the country. At the same time, the north-western region of China and also the north-eastern area of China set up around 1.97 GW and 1.27 GW of brand-new solar capacities, specifically. The total installed solar capacity of South China reached 2.4 GW, with 1.93 GW of new setups. According to the NEA data, the solar energy generation ability stood at 2,005 TW, a year-on-year increase of 16%. The nationwide solar photovoltaic (PV) application number stood at 916 hrs, a year-on-year increase of 6 hrs. Northeast China videotaped the greatest solar PV use hours, reaching 1,141 hours. While the ordinary solar PV utilization hrs in North China were 1,010 hours. China added 1.3 GW of domestic rooftop solar ability in September 2020, taking the complete capacity mounted in the first nine months of the year to 5.27 GW. In September, a report by the Asia Europe Clean Energy (Solar) Advisory (AECEA) anticipated China's solar setups to reach 28-34 GW in 2020. The report highlighted that 2020 is likewise the last year of China's continuous 13th Five-Year-Plan (2016-2020). In one more projection, the National New Energy Consumption Monitoring as well as Early Warning Center introduced that China was most likely to add 48.45 GW of solar capacity to its grid in 2020. Taking into consideration both forecasts, the installments in the last quarter of 2020 are expected to be hostile. This happened in 2019, too, when the nation had 16 GW of installations in the very first 9 months, and afterwards there was 14 GW mounted in the last quarter.
Nov 4, 2020 // Markets & Finance News, China, Asia
China's Desert Mega-Bases: Exporting Energy Solutions Worldwide
China Energy Engineering Corp. is looking to export its concept of desert mega-bases, which combine wind and solar energy with coal backup, to other countries seeking integrated power solutions. These mega-bases store energy in batteries or mountain reservoirs and have been instrumental in China's rapid expansion of clean energy. President Xi Jinping's initiative aims to add 455 gigawatts of renewables through massive developments in the country's interior by 2030.The company has experience working on similar projects in regions like Inner Mongolia, Xinjiang, and Guangxi, and is now targeting Belt and Road countries and other foreign markets. Chairman Song Hailiang highlighted the firm's ability to provide an integrated solution encompassing generation, grid, and storage, offering other countries the opportunity to benefit from China's expertise in clean energy development. Is China Energy Engineering Corp. exporting desert mega-bases to other countries? China Energy Engineering Corp. is looking to export its concept of desert mega-bases to other countries seeking integrated power solutions These mega-bases combine wind and solar energy with coal backup and store energy in batteries or mountain reservoirs The company has experience working on similar projects in regions like Inner Mongolia, Xinjiang, and Guangxi Chairman Song Hailiang highlighted the firm's ability to provide an integrated solution encompassing generation, grid, and storage China Energy Engineering Corp. is now targeting Belt and Road countries and other foreign markets to export their clean energy expertise.
Mar 27, 2024 // Markets & Finance News, China, Asia
Distributed energy the future of solar in China
webinar on upstream manufacturing, technology and also the sector's outlook in China. "Factors of generation and also intake will drive architectural changes and
Oct 22, 2021 // Residential, Markets & Finance News, Rooftop PV, China, Asia
China Energy Proposes $1 Billion Floating Solar Farm In Zimbabwe
China Energy Engineering Group proposed developing a 1,000-megawatt floating solar farm for Zimbabwe, a virtually $1 billion project, on the globe's biggest man-made lake. More than 1.8 million solar panels mounted over 146 modular floating devices would be used for the project on Lake Kariba if it went ahead, according to an official report that was planned for the state's power utility as well as prospective private equity funders by the business as well as seen by Bloomberg. The civil engineering works would certainly set you back $186 million and installment $801 million, according to China Energy. Zimbabwe is facing a severe electrical energy shortages that have actually led to blackouts lasting about 12 hours a day, because low water degrees have actually suppressed generation from a hydropower plant on Lake Kariba. The problem has been intensified by frequent failures at the Hwange thermal power plant. China Energy has mounted floating panels on China's Dingzhuang River as well as in Thailand, it claimed in the presentation. Interest in such setups, which prevent competition for land and also have the possible to minimize dissipation from reservoirs, have actually enhanced in recent years, according to the International Energy Agency. The Kariba report was gotten ready for Zimbabwe Power Co., CDF Trust Ltd., Energy China Ltd., as well as the Intensive Energy Users Group, which makes up mining business and also various other large electrical power customers. It imagines mining procedures at some point touching power from the project, which would certainly help the country lower its carbon emissions.
Mar 27, 2023 // Plants, Markets & Finance News, Floating PV, China, Asia, PV Power Plant, Southern Africa
China's compressed air energy storage industry makes progress
the air is released to drive turbines. The project has been co-developed by China National Salt Industry Group, electricity generation company China
Jun 1, 2022 // Storage, Grids, China, Asia, investment, peak shaving, long-duration, funding round, compressed air energy storage