China’s National Energy Administration (NEA) says the nation will set up 102.48 GW of latest photo voltaic capability within the first half of 2024, bringing its whole put in photo voltaic capability to roughly 710 GW.
The NEA stated China put in 102.48 GW of latest photo voltaic capability within the first half of 2024. At the top of June, the nation’s whole photo voltaic capability reached roughly 710 GW, up 51.6% per 12 months. The whole energy technology capability reached almost 3.07 TW, up 14.1% from final 12 months. The whole put in wind energy capability additionally expanded to almost 470 GW, marking a 19.9% enhance. The nation added 216.88 GW of latest PV capability by 2023, a 148.12% enhance from 2022.
Xinyi Solar stated it would put money into 4 new photo voltaic industrial ultra-clear glass manufacturing strains in Ordos, Inner Mongolia, every with a each day melting capability of 1,500 tons. The firm at present operates PV glass manufacturing bases in Wuhu, Beihai, Zhangjiagang, and Tianjin, in addition to one in Melaka, Malaysia. By the top of 2023, Xinyi Solar’s each day melting capability for photovoltaic glass has reached 25,800 tons.
New Energy within the City stated its board has authorized a $100 million share repurchase program, efficient via June 30, 2025. The firm stated it isn’t obligated to purchase any particular variety of extraordinary shares or American depositary receipts at any specific time. It famous that the phrases and extent of the buyback program can be reviewed now and again.
Sinopec says it plans to construct about 10,000 new solar energy stations throughout oil and fuel fields, petrochemical industrial parks, and fuel stations, to be accomplished by the top of 2027. goals so as to add 2,700 extra by the top of 2025 By the top of 2023, Sinopec’s put in distributed photo voltaic and small-scale wind energy capability reached 1,932 MW.
kstar stated it has determined to terminate its non-public placement plan and withdraw the related utility paperwork from the Shenzhen Stock Exchange (SSE). The plan, which was first introduced in June 2023, goals to boost CNY 2.373 billion ($326.2 million) to broaden the manufacturing capability of photo voltaic inverters, vitality storage converters, PV storage techniques, and battery pack, along with elevating its working capital. Kstar adjusted the plan twice in April and June 2024, however lastly determined to terminate it after absolutely contemplating the market surroundings and discussions with related events.
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