China’s National Energy Administration (NEA) has reported that a record level of residential solar was added in the world’s biggest market last month, with at least 1,301 MW installed on rooftops. The latest numbers took the total capacity installed in the first nine months of the year to 5.27 GW. The figure is based on arrays included on the national subsidy list so the true number could be even higher.
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Increasingly, climate is being inserted into a vision of great-power rivalry, rather than co-operation. In the US there are already voices calling for the establishment of green energy policies on the basis of a bipartisan national-security front against China. The tone is more moderate in Europe. But the EU too emphasises the need to recognise China as a ‘strategic competitor’.
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Chinese President has declared that China will strive to become carbon neutral by 2060. The decision has high consequences for the European Union. However, for the time being, a carbon-neutral China remains a vague political aspiration.
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Two new production lines – supplied by an unspecified Chinese company – have doubled the site’s annual production capacity to 1 GW. The new lines will process 166-210mm half-cut cells for 2,120 x 1,050mm modules. One of the modules made at the site is a monocrystalline PERC product with a 60-cell dual-glass structure and power output of 320-330 W which was launched by FuturaSun in February.
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China is highly dependent on fossil fuel imports. At the same time, China is striving to lead in new energy technologies, particularly wind and solar electricity generation and electric vehicles. It is more in charge of its own fate in electricity, while it remains highly vulnerable to market conditions and supply shocks in oil and gas. Slowly, it has become the center of gravity for global energy markets.
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Specific energy-oriented objectives are just the beginning. China’s broader economic rebalancing – from heavy industries and export-oriented manufacturing to higher-value-added activities and domestic consumption – is naturally causing China’s economy to become less energy-intensive.
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Launched with a total investment of RMB4.7 billion ($686.6 million), the facility is to be built in two phases. Phase I will establish a facility with an initial capacity of 30,000 MT by June 2021, to be expanded to 54,000 MT by the end of next year.
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As part of this giant project, the company is combining PV power generation with the production of goji berries, which are an ingredient in traditional Chinese, Korean, Vietnamese and Japanese medicine.
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Siemens Energy has signed an agreement with Beijing Green Hydrogen Technology Development Company Limited, a subsidiary of China Power International Development Ltd. (China Power), to provide a hydrogen production system for a fueling station in Yanqing District, Beijing.
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Vestas has received two turbine orders totaling 251 MW that include multi-year service agreements, pushing the OEM’s order intake to more than 1 GW in China in 2020.
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Electrification of the transport and mobility sectors in the Asia Pacific region has been slow to pick up, except for in countries such as China and Japan.
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Panasonic has walked away from a planned partnership with China-based GS-Solar. The Japanese electronics giant will continue producing its modules in Japan and Malaysia while seeking other cooperation opportunities.
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Chinese regulators recently proposed eliminating so-called “clean coal” from the list of projects that can raise funds using green bonds. While this may not sound like a big deal, if it goes through, it could be the start of a much-needed transformation in China’s green finance market – and a move away from coal power.
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The global economic slowdown presents Chinese entities with a cost-effective opportunity to expand investments in strategic sectors across the Gulf region.
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China-based MingYang Smart Energy Group has launched a new 11 MW hybrid-drive offshore wind turbine, MySE11-203 which is said to be the world’s biggest hybrid-drive wind turbine. It will install a prototype in 2021 and will make the turbine commercially available in 2022.
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The Northern Territory has a unique opportunity to capitalise on one of the largest new renewable energy projects in the southern hemisphere. Sun Cable, an initiative funded by a group of Australian investors, is planning to build the world’s largest solar farm at 15,000 hectares near Tennant Creek.
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In April, China decided to extend its national EV subsidy program until 2022, though the total amount of subsidies for passenger EVs will gradually be reduced by 10 percent this year, 20 percent in 2021, and 30 percent in 2022.
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All leading solar market analysts have significantly decreased their 2020 forecast, some even twice, to account for the impact of COVID-19 on their market models.
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China-based developer, Panda Green Energy Group Ltd plans to set up a 1 GW hybrid project in China...
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The Chinese green bond market is in a clear upward trajectory expected to continue in the years ahead. However, there are opportunities for policymakers and investors to increase the rate of growth.
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