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China's Solar Sector to Accept Faster Development Amid Carbon Neutrality Goal
achieve carbon neutrality objective, China's power structure will certainly experience essential modifications with the share of fossil power in the main power
Oct 26, 2020 // Markets & Finance News, China, Asia, International, China Energy Research Society, Liu Yiyang
China's new grid capability most likely to go beyond solar need
from China's National New Energy Absorption Tracking and also Early Warning Center, released previously this week, validated that the country's substantial
May 27, 2020 // Markets & Finance News, China, CPIA, Asia, grid, IEA
Distributed PV led the way to China setting up 53GW of PV in 2021
of the leading end of the revised 45-- 55GW projection released by the China Photovoltaic Industry Association in December. While utility-scale solar
Jan 21, 2022 // Plants, Residential, Markets & Finance News, NEA, China, CPIA, Asia, installations, distributed solar
China Drafts Rule to Curb Solar Overcapacity Crisis
China has released a draft regulation aimed at curbing excessive expansion in its solar industry, which has been plagued by overcapacity and fierce competition. The regulation will limit new manufacturing projects that simply add to existing capacity, and instead focus on improving quality and reducing production costs. This move comes as many Chinese solar companies are struggling with losses due to oversupply and low prices.The draft regulation also includes requirements for higher efficiency in solar products and sets minimum spending levels for research and development. Chinese solar manufacturers have been facing challenges as their capacity has outpaced demand, leading to record low prices and many companies selling below cost. The industry has been calling for government intervention to address the oversupply issue. How will China's new solar industry regulation impact manufacturers and competition? China's new solar industry regulation will impact manufacturers by requiring them to meet stricter quality and environmental standards, which may increase production costs. The regulation may also lead to increased competition among manufacturers as they strive to meet the new requirements and maintain their market share. Manufacturers who are unable to meet the new regulations may face penalties or be forced to shut down operations, leading to a consolidation of the industry. The regulation could also drive innovation in the solar industry as manufacturers invest in research and development to meet the new standards and differentiate themselves from competitors. Overall, the new regulation is expected to improve the quality and sustainability of solar products coming out of China, which could benefit both manufacturers and consumers in the long run.
Jul 9, 2024 // Plants, China, Asia
BASF Secures Long-Term Renewable Energy Deal in China
renewable electricity for its three manufacturing sites in Jiangsu province, China. The agreement involves CLP China as the power generation party and
Oct 11, 2024 // Markets & Finance News, China, Asia, BASF
Dual-Tower Dream: China's 100 MW CSP Project
Full-Scale Dual-Tower CSP Project is located in Guazhou, Gansu Province in China. The project is a 100MW tower molten salt technology with an installed
Jul 14, 2023 // Plants, China, Asia, PV Power Plant
China added 11.4 GW of solar capacity in first half of this year
China deployed around 11.4 GW of new PV generation capacity in the first six months of this year, according to statistics released today by the country’s National Energy Administration (NEA). Around 6.82 GW of the new capacity was accounted for by large scale PV plants with the 4.58 GW balance coming from distributed generation arrays, according to the state body. Northwest China boasted the largest share of new PV plants – with 3.43 GW of new grid-connected capacity – followed by the north of the huge nation, with 3.29 GW; and the east, with 2.28 GW. The relatively modest new additions took China’s cumulative installed capacity to 185.5 GW, according to the NEA figures. Large scale solar parks make up around 130.5 GW of China’s PV capacity with just over 55 GW coming from small arrays. With the world’s biggest solar market paralyzed by uncertainty about the specifics of a new national solar subsidy program during the first three months of the year, installations picked up from 5.2 GW to 6.2 GW in the second quarter after policy details were confirmed. Market rebound China is expected to experience a deluge of new installations from next month as developers of projects which qualify for state subsidies rush to get them connected by December 31 in order to receive their full subsidy. To put the first-half, 11.4 GW figure into context, China installed 44.1 GW of new solar in 2018 and a year earlier the volume was a record 52.83 GW, according to NEA figures. After China’s first-quarter statistics were released in April, analyst the Asia Europe Clean Energy (Solar) Advisory Co Ltd maintained its prediction China would install 35-40 GW of new capacity this year. Investment bank Roth Capital said staying on track for an expected 40 GW would hinge on whether the NEA was able to publish details of projects approved for subsidies by the end of June. In another report released in July, analyst Wood Mackenzie Power & Renewables said the world’s largest solar market was likely to settle at 30-40 GW of new solar for 2019, against a backdrop of competitive procurement processes. European PV industry association SolarPower Europe was even more optimistic, predicting at least 43 GW of new PV capacity in China this year.
Aug 23, 2019 // Plants, Large-Scale, Commercial, China, National Energy Administration, Asia, Asia Europe Clean Energy (Solar) Advisory Co Ltd
China's solar exports double in H1 2022 as module deliveries soar
China exported US$ 25.9 billion of PV products in H1 2022, a boost of 113%, while module exports leapt 74% to 78.6 GW, the nation's Ministry of Industry and also Information Technology claimed this week. The country's polysilicon result during the 6 months was around 365,000 tonnes, a year-on-year increase of 53%, while wafer manufacturing rose 46% to concerning 152.8 GW. According to the ministry, China's H1 2022 crystalline silicon module output enhanced by 54% to 123.6 GW. Publication of the figures complies with a report published previously this month by the International Energy Agency (IEA) that warned of China's growing PV production supremacy, recommending that the country's share of international polysilicon, ingot as well as wafer manufacturing will certainly soon reach almost 95%. The IEA stated China is the most cost-competitive location to produce all components of the solar PV supply chain, with costs in the nation 10% less than in India, 20% lower than in the United States and 35% less than in Europe. Solar investment in China throughout the first 4 months of 2022 increased greater than 200% year-on-year to US$ 4.4 billion, figures from the country's National Energy Administration (NEA) disclosed. The NEA has forecasted that China can install approximately 108GW of solar this year, virtually double the 54.88 GW deployed last year.
Jul 22, 2022 // Manufacturing News, Markets & Finance News, manufacturing, China, polysilicon, Asia, wafers, modules, export
China Urges Solar Giants to eliminate Against Growing Trade Threats
China prompted its solar production titans to "resolutely protect" their rights and also rate of interests amidst an anticipated wave of a lot more serious and also intricate trade problems as nations step up initiatives to shield their own domestic industries. In addition to traditional trade obstacles like anti-dumping investigations, even more nations are now establishing extra obstacles consisting of policies based on civils rights problems and also carbon impact mapping to make importing items more difficult, Wang Xin, replacement supervisor of the Ministry of Commerce's trade remedy as well as examination bureau, said at the China Photovoltaic Industry Association's yearly seminar on Wednesday. China's Solar Manufacturing Dominance Chinese firms are broadening their lead in module capacity Wang asked Chinese solar firms to deal with international solar industry associations to shield the global supply chain for clean energy devices, while additionally creating new technologies to preserve their competitive edge. He likewise prompted the companies to profit legal as well as lobbying mechanisms when confronted with trade disputes as well as incorrect allegations. "We should dare to eliminate, and be proficient at fighting," Wang said. China dominates worldwide solar panel production, as well as its prominent business have developed into multi-billion dollar export giants. But a growing number of countries consisting of the US as well as India are trying construct completing domestic fields as environment targets and also pricey fossil fuels cause demand for clean energy to surge. The US specifically has placed China's solar industry in trade crosshairs, consisting of exploring whether Chinese companies prevented tariffs by constructing factories in Southeast Asia. In June, new disruptions started when the US began imposing the Uyghur Forced Labor Prevention Act, which bars all items made in Xinjiang unless they can verify they are created without forced labor. Xinjiang is home to much of the solar industry's silicon production as well as refining capacity. The Chinese government has repeatedly denied the forced labor allegations, classifying them as an attempt to damage Chinese businesses.
Dec 1, 2022 // Manufacturing News, Markets & Finance News, China, Asia, solar panel, Wang Xin
Siemens and TEIS to open battery research center in China
subsidiary has announced plans to expand its battery research business in China by developing a facility which will help extend the range of future electric
Sep 24, 2019 // Technology, Manufacturing News, Storage, LG CHEM, Siemens, TEIS, Hong Li, CATL, Pei Huang
NextEra and Southern Company Rank as Largest Solar Owners Outside China
Energy is the largest owner of solar PV capacity outside China, in a “highly fragmented” global market, according to a new ranking from Wood Mackenzie.
Oct 4, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, USA, SOUTHERN COMPANY, Italy, Wood Mackenzie, China, Duke Energy, Europe, Asia, enel green power, North America, NextEra Energy, Dominion Resources, Rishab Shrestha, Tom Heggarty
Wood Mackenzie: China's Solar Exports Boom 64% In 2022 Despite Global Trade Tensions
new report from Wood Mackenzie has revealed that solar exports of China grew 64% to $52 billion in 2022 despite global trade tensions. Wood Mackenzie research
May 24, 2023 // Market Research, Wood Mackenzie, China, Asia, solar cell, solar panel, Alex Whitworth
Acwa Power to Enter China in 2021: CEO
a Riyadh-based water and power services specialist, is planning to expand into China and other Asian markets starting in 2022. The move is part of the
Sep 5, 2023 // Markets & Finance News, Saudi Arabia, China, Asia, ACWA Power
EU Closes China Solar Probe Amid Firm Withdrawals
with partners across Europe to help the bloc achieve its climate goals. The China Chamber of Commerce to the EU expressed concerns about the European
May 14, 2024 // Policy, Europe
China's New Renewable Project Rivals All Wind and Solar in India
China has begun developing a massive renewable resource project that's bigger than every one of the wind and solar energy in India. Construction on the first stage, consisting of 100 gigawatts of wind and solar, in the desert has begun smoothly, President Xi Jinping claimed via video link Tuesday at a United Nations Biodiversity Conference in Kunming. That's greater than the whole wind and solar capability mounted in India, according to BloombergNEF, and it would certainly have the ability to produce four times as much power as the Three Gorges Dam. The announcement echoes an unconfirmed report from last month that China was preparing a 400-gigawatt project in the desert, with half the capability to be built by 2025. Information are scant regarding the project, consisting of exactly where it is and exactly how spread out the installations will certainly be. However, a likely place is western China, where existing and prepared high-voltage line link renewables projects to the major demand centers in the eastern. " China will certainly continue to promote the adjustment of commercial structure and energy structure, strongly establish renewable resource, and speed up the planning and building and construction of large-scale wind and solar projects in desert locations," Xi said via the video web link. Anyone wanting to listen to more details regarding just how China prepares to reach its lasting environment goals was most likely dissatisfied. Xi stated that China will release plans to come to a head exhausts by 2030 in crucial locations and industries, assisted by a collection of sustaining actions, however didn't provide any kind of more information on timing. The president's speech began the heels of comments from Chinese Premier Li Keqiang that called into question the rate of the country's energy shift. A growing energy crisis is subjecting the trouble in executing the country's path to carbon nonpartisanship ahead of global climate talks, referred to as COP26, set to be begin on Oct. 31 in Glasgow, Scotland. Xi likewise pledged to develop a Kunming Biodiversity Fund with an initial investment of 1.5 billion yuan ($ 232 million) in his speech at the conference, which was postponed by 17 months as a result of the coronavirus. " When we shield nature, it rewards us," Xi said. "When we make use of nature ruthlessly, it punishes us dog-eat-dog." Globe leaders and arbitrators are expected to hammer out a deal to apprehend eco-friendly devastation over the next years that will cover preserving natural environments, cutting plastic waste and chemicals and elevating funds to aid establishing countries shield ecological communities. The sessions today will greatly be performed virtually as a result of China's stringent Covid-19 policies. The genuine negotiations won't happen up until following April.
Oct 12, 2021 // Plants, India, China, Asia, xi jinping, Three Gorges Dam