The National Energy Administration (NEA) of China recently issued a notice that in 2021, the proportion of wind and solar power generation will reach 11% of the total electricity consumption. The proportion should continue to increase to ensure that non fossil energy takes up around 20% of the total primary … Read More
Articles for Industry News
Another suppression after cotton
The storm brought about by some western countries on the Xinjiang cotton has not completely subsided, the U.S. burned the war all the way to China’s PV industry.
Recently, several members of the U.S. Senate proposed Exclude China from the Solar Energy Act, which specifically includes banning U.S. federal funds … Read More
Chinese solar developer expects $0.22/W cost for lithium-ion storage in 2023
Utility scale batteries will soon be mandatory at Chinese solar farms, according to Xinyi.
Image: Eckhart K. Gouras/pv magazine
Solar project company and PV glass manufacturer Xinyi Solar has fleshed out the costs it expects to pay for battery storage capacity up to 2024, as it expects the Chinese authorities … Read More
Facebook meets 100% renewable energy goal with over 6 GW of wind, solar
Flickr
Facebook was the largest U.S.-based corporate buyer of renewable energy in 2018 and 2019, according to the Renewable Energy Buyers Alliance (REBA). Its renewable procurement goal makes it one of the largest corporate buyers of renewables in the world, although it fell behind Amazon, Google, Verizon and McDonald’s for … Read More
Focus of off-grid funding shifts in Africa
Crowdsourced lending, such as the backing for this school array in South Africa, stabilized last year to account for 10% of the debt funding invested in global off-grid solar.
Image: The Sun Exchange
Off-grid solar industry body GOGLA has said West Africa secured more investment than the east of the … Read More
Solar and silver price hikes
Module component prices and ocean freight rates surged in 2020 due to increased demand for Chinese goods and a pandemic container shortage. In the face of rising cost pressures, module manufacturers lowered utilization rates and postponed delivery during and after the Lunar New Year. Prices for most module components began … Read More
Abu Dhabi’s TAQA to focus on solar as part of global renewables push
Image: TAQA Group.
Abu Dhabi National Energy Company (TAQA) has announced plans to ramp up its solar PV portfolio through a new strategic plan that will see the power producer aim to reduce its exposure to oil and gas.
By 2030, it is expected renewable energy will comprise more than … Read More
New South Wales could establish ‘clean industrial revolution’ with AU$750m package
Image: Belectric Australia
The government of New South Wales has earmarked AU$750 million (US$578.5 million) to invest in climate action projects in a bid to reach net-zero carbon emissions by 2050.
The funds will be used to provide grants over the next nine years for equipment upgrades, technology development and … Read More
Giant agrivoltaic project in China
Image: Huawei
Chinese internet information services provider Baofeng Group is expanding the capacity of a 640 MW solar park in the Binhe New District on the eastern banks of the Yellow River in the Ningxia Province to 1 GW. In this giant project, the company is combining PV power generation … Read More
Increasing polysilicon prices and new supply deals
Last week, polysilicon and wafer prices grew significantly in China, according to Taiwanese market research company PV Infolink.
The average polysilicon price increased by 9% over the previous week, according to the analyst. High-quality polysilicon was priced at RMB 105 ($16.2) per kg this week compared to RMB 96 a … Read More