Photo: Tony Webster, Flickr
The NEA mentioned that the newly put in photo voltaic capability in July 2024 reached 21.05 GW, down 9.77% from the earlier month. From January to July, cumulative new PV installations reached 123.53 GW. At the tip of July, the nation’s complete put in energy technology capability reached about 3.1 TW, a 14% year-on-year improve. Solar energy capability alone totaled almost 740 GW, up 49.8%, whereas wind energy capability stood at almost 470 GW, up 19.8%.
China Huadian Group issued the second section of PV module procurement for 2024, as much as 16.03 GW. The tender consists of three components with n-type tunnel oxide passivated contact (TOPCon) modules, n-type back-contact modules, and heterojunction (HJT) modules. The first two components are below a framework settlement with supply anticipated in June 2025, whereas the third half is scheduled for supply between September and November 2024.
NewU Group mentioned it’s going to finish its deliberate funding in a 20 GW photo voltaic inverter and bidirectional converter manufacturing mission. In October 2023, the Shenzhen-listed firm dedicated almost CNY 460 million ($64.4 million) to construct a county in Jinxian, Jiangxi province. However, it cited a strategic reassessment and the necessity for cautious decision-making as causes for stopping the mission.
Shanghai Electric Power mentioned the 200 MW Tokaj photo voltaic set up in Hungary, financed by its subsidiary Xihe New Energy Development, continues to be linked to the grid. The mission in northeastern Hungary is predicted to be absolutely built-in into the grid by the tip of the yr.
Golden Solar New Energy Technology introduced an anticipated lack of between CNY 150 million and CNY 160 million for the six months to June 30, 2024. Sales within the first half have been CNY 127 million, down roughly 18% in comparison with CNY 155 million on the identical time final yr. The firm attributed its outcomes value competitors within the first half of 2024. It is investing in upgrading its current heterojunction photo voltaic cell manufacturing strains to supply high-efficiency heterojunction back-contact PV merchandise, which it plans to promote within the US and European markets.
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