Monday, June 24, 2024

Solar exec debunks ‘overcapacity’ claims


An worker works on a photo voltaic panel manufacturing line in Suqian, Jiangsu province. (CHEN SHAOSHUAI/FOR CHINA DAILY)

China’s initiatives to spice up photovoltaic imports and exports, together with inexperienced expertise transfers, have been instrumental in driving the transition to a extra environmentally pleasant world, stated a solar energy firm government.

With continued emphasis on technological innovation, China is creating a robust and aggressive solar energy market, facilitating the fast development of the brand new vitality trade at residence and overseas. within the nation, stated Li Xiande, chairman of JinkoSolar Holding Co Ltd, the world’s largest producer of photo voltaic panels by shipments. .

The world new vitality trade is at the moment experiencing an absence of high-quality manufacturing capability, slightly than “overcapacity”, Li stated in response to current claims that the brand new sector China’s vitality has extra capability, inflicting distortions in world costs.

“The high-quality manufacturing capability will not be sufficient, whereas the low-quality manufacturing capability is at all times in extra,” he stated.

“With costs and gross sales of products decided by world market forces throughout financial globalization, the speculation (of extra capability) is unfounded with out adequate proof.”

Li added that China’s success within the inexperienced transition is partly as a consequence of steady efforts in technological innovation. JinkoSolar, as a serious photovoltaic firm in China in addition to on the worldwide stage, has additionally elevated funding in analysis and improvement to make sure a steady and aggressive market surroundings for the fast development of the bag. vitality sector.

JinkoSolar introduced in March the launch of the primary of its “Neo Green” modules to be made with renewable vitality. N-type TOPCon Tiger Neo panels are produced in factories licensed “zero carbon”, making it the primary firm within the trade to have factories categorized as such for ingot manufacturing, wafer slicing and cell and module creation.

An analyst stated that China gives many choices within the world market and offers everybody equal alternatives to make use of inexperienced vitality through the strategy of selling the event of inexperienced vitality around the globe.

“China’s adequate manufacturing capability has helped different nations and areas around the globe scale back their burden, when it comes to manufacturing prices and technological improvement,” stated Ma Yinqiong, a senior analyst masking supplies provide chains with world consultancy Rystad Energy.

While value is the most important bottleneck, particularly for underdeveloped areas, China’s uncooked materials merchandise have helped them scale back prices with sooner inexperienced manufacturing capability, he stated.

The nation’s large-scale and standardized industrial expertise has additionally helped developed nations and areas speed up the greening course of, he added.

JinkoSolar’s Li has at the moment seen its cumulative shipments exceed 250 gigawatts, with merchandise bought in 190 nations. It has 12 manufacturing bases worldwide, three of that are abroad.

Operating on a world stage is essential for JinkoSolar whose success relies on globalization, because it permits for expanded market attain, various manufacturing bases and entry to a wider that expertise pool, he stated.

Globalization permits the dimensions and effectivity wanted to steer in expertise, innovation and distribution, permitting trade leaders to faucet into totally different markets, meet worldwide demand and promote sustainable development. , which makes it important for his or her operations and success, he stated.

In response to the rising share of renewable vitality capability and the deployment of electrical automobiles, JinkoSolar believes that vitality storage is a number one expertise for vitality transition funding within the subsequent three years.

It has considerably improved its efforts in vitality storage strategies, investing closely within the improvement and deployment of superior vitality storage options to finish its robust photovoltaic portfolio.

According to the 2023 Reuters Events Energy Transition Insights report, vitality storage might be a number one expertise for vitality transition funding within the subsequent three years.

Energy storage might be a precedence expertise throughout 2024-26. While batteries at the moment dominate the sector’s development, many different promising options might be rolled out commercially within the coming years, it stated.

By integrating vitality storage with its photo voltaic applied sciences, Jinko-Solar seeks to optimize vitality use and handle the intermittency points related to solar energy, making it a complete supplier of renewable vitality options.

The firm is exploring partnerships with main expertise corporations and analysis establishments to drive innovation and effectivity in vitality storage programs, together with the event of high-capacity batteries, the event of storage effectivity and lowered prices, thus making vitality storage extra accessible and scalable.

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