Search

China News Service this morning reported 870 MW of the 22.79 GW of solar power generation capacity allocated in the nation’s first public auction for subsidized PV projects has already been connected to the grid. The English language website of the state-owned media outlet quoted National Energy Administration (NEA) official Li Chuangjun in an article in which the employee pledged the agency would be better prepared for next year’s tender. Developers of subsidized projects are racing to get facilities connected by the end of the year to receive the full electricity tariff payment they bid in the auction. Under the terms of the procurement, any projects missing the December 31 deadline will see their tariff reduce by RMB0.01/kWh ($0.0015) per quarter until the end of June, after which subsidies will be removed entirely. Subsidy surplus The China News Service report claimed the total cost of subsidies for the allocated projects would be RMB1.7 billion ($247 million) – RMB550 million less than the RMB2.25 billion put aside by the NEA to subsidize large-scale ground-mount projects in this year’s budget. Announcing the results of the auction earlier this month, Chinese analyst the Asia Europe Clean Energy (Solar) Advisory (AECEA) quoted NEA figures to report 417 projects with a combined generation capacity of 1.77 GW which had been pre-selected to participate in the exercise had missed out on subsidies. The AECEA has predicted 38-42 GW of new solar capacity will be added in China this year. Quasi-governmental industry body the China Photovoltaic Industry Association last week announced a more confident forecast of 40-45 GW for 2019.

China's production and also mounted capacity of power batteries fell on a month-to-month as well as annual basis for the first time in January as new power vehicle sales slowed. The nation produced concerning 28.2 GWh of power batteries last month, a 5 per cent year-on-year decrease and regarding 46 percent lower than in December, according to a recent report from the China Automotive Battery Innovative Alliance. The Installed capacity of the month likewise slid by 0.3 per cent from the very same period last year and also 55 percent the previous month to 16.1 GWh. After 13 years of incentivising the industry, the Chinese federal government discontinued the subsidies for clean power vehicles by the end of 2022 which affected China's NEV sector just recently. According to figures from the China Association of Automobile Manufacturers, the country produced 425,000 units and also sold 408,000 last month, down 6.9 per cent and 6.3 per cent, specifically, from a year earlier. The current depression comes against the rapid growth the power battery industry clocked last year. According to CABIA numbers, the battery output rose 149 percent to 545.9 GWh in 2022 from the previous year, as the mounted capacity leapt 91 percent to 294.6 GWh. By mounted capacity, the battery huge Contemporary Amperex Modern technology continued its touch of leading the marketplace with 7.2 GWh in January and had a market share of 44 per cent. Nonetheless, BYD seems to be catching up as the CATL's lead over the second-ranked BYD is tightening. BYD saw its market share rise to 34 percent from 20.9 percent in the same month last year. The yearly growth projection is additionally expected to come down this year. About 9 million NEVs are anticipated to be marketed in China this year, a 30 per cent boost from 2022. Comparatively, the annual growth rate was greater for 2022, which clocked a yearly development of 93 percent over 2021 numbers, according to the CAAM.

offered by Ru Jialin, Senior Researcher at the Public Affairs Department, of China Photovoltaic Industry Association (CPIA), during an on-line presentation held

south. Bangladesh’s North-West Power Generation Company Limited and China’s National Machinery Import and Export Corporation will establish

in developing nations dropped sharply in 2018, largely due to a slowdown in China. While the number of new clean power-generating plants completed stayed flat

happened: China's President Xi Jinping revealed throughout the United Nations General Assembly on 22 September that "We aim to have CO2 discharges peak prior

rush to fulfill growth targets as cost inflation slows advancement. China added concerning 29.3 gigawatts of solar in the initial 10 months of the year,

market is still in its first stage," said James Wu, vice president of Hefei, China-based Sungrow, the supplier that provided inverters for the project. Situated

amounts. Information from the NEA said the installed capacity of solar PV in China was now at roughly 320GW, a year-on-year increase of 23.6%. This is

China's solar panel giants, Jinko and Trina, believe that prices for solar panels have hit rock bottom and are unlikely to fall further. The current slump in prices is seen as "irrational" by Jinko Solar Co. Chairman Li Xiande, who stated that there is only a small probability that it will continue. The oversupply of solar panels in the market has led to record low prices and squeezed profit margins for manufacturers.Despite the challenges, Jinko is optimistic about a rebound in global demand for solar panels, expecting a 20% increase this year. The company has already ramped up production in the second quarter and is operating its most advanced production lines at high rates. Trina Chairman Gao Jifan also noted that there is limited room for further decline in solar module prices. China, the world's largest solar market, is facing grid constraints that may impact new installations, with March installations down 32% from the previous year. Are solar panel prices at rock bottom, according to China's Jinko and Trina? Jinko and Trina, China's solar panel giants, believe that prices for solar panels have hit rock bottom and are unlikely to fall further Jinko Solar Co. Chairman Li Xiande stated that the current slump in prices is seen as "irrational" and there is only a small probability that it will continue The oversupply of solar panels in the market has led to record low prices and squeezed profit margins for manufacturers Despite the challenges, Jinko is optimistic about a rebound in global demand for solar panels, expecting a 20% increase this year Trina Chairman Gao Jifan also noted that there is limited room for further decline in solar module prices China, the world's largest solar market, is facing grid constraints that may impact new installations, with March installations down 32% from the previous year.

connected to the Dalian grid in late May, according to a report today by the China Energy Storage Alliance (CNESA) industry team. The system remains in Dalian

nation's Individuals's Bank of China has actually confirmed in a declaration a suite of brand-new steps comprising financial backings for business associated

throughout the same duration in 2019. Throughout the fourth quarter alone China included 29.5 GW of new solar capability. According to Asia Europe Clean

duties, initially introduced in May 2014, on solar glass imported from China. Anti-subsidy duties currently vary from 3.2% to 17.1%. The brand-new

prohibit any type of renewable energy project utilizing materials produced in China from obtaining federal funds and subsidies. In nonprofessional's terms: Any