• Spain's electricity prices have skyrocketed, and residents are enthusiastic about installing household photovoltaic + energy storage
    Nov 22, 2021 Spain's electricity prices have skyrocketed, and residents are enthusiastic about installing household photovoltaic + energy storage
    Spain's electricity prices have skyrocketed, and residents have been enthusiastic about installing household photovoltaic + energy storage. The cost can be paid back in 5 years, and the installation volume has skyrocketed! In a small town in the eastern part of Madrid, Spain, on a sunny and cold morning, Esther Banales was standing in front of her house. A technician climbed up the roof to install 16 gleaming solar panels. She hoped it would Cut electricity bills by more than one-third. In sunny Spain, rooftop solar companies say that more and more people are looking for home systems to avoid soaring electricity prices because the natural gas needed for recovery after the epidemic is in conflict with a tighter supply than usual. Barnales said: "We see electricity bills rise, and people are talking about whether we will have power problems, so I decided this is the right time (solar).". According to the Norwegian company Otovo, which arranged the Banales installation, demand in several European countries is surging. Since 2018, electricity bills in Spain have risen by an average of nearly 12%. According to data from the consumer association FACUA, under a widely used electricity price, electricity bills in the first two weeks of November have increased by 50% over the same period last year. A device like Barnales includes an inverter that converts raw electricity into electricity that she can use. All these devices are not cheap-she spent 7,600 euros (8,597 US dollars), but expects to pay for itself soon. The Spanish renewable energy trade organization APPA said that if the price remains at the current high level, household solar systems can save 40-60% of electricity bills every year. APPA said that government subsidies of about 900 million euros, coupled with local tax relief, this cost will be recovered within five years, the recent surge in installations. Spain electricity prices are rising fiercely, solar panels are popular in Spain, and Spanish household photovoltaic + energy storage grows Although the increase in electricity prices in Spain has eased recently, it is still much higher than last year's level. Spanish families are suffering, as are Spanish companies. Especially in industry, profit margins are most affected by increased costs. This week, the Association of Employers of Power-intensive Industrial Companies (AEGE) once again condemned this. In the metallurgy, chemical, steel and other industrial sectors, electricity may account for 60% of their total costs. Electricity prices may become a torture in 2022, and may lead to dire consequences, such as the closure of factories and the subsequent blow to Spanish employment. The industrial sector maintains a tense relationship with the government because of the lack of solutions after the five-fold increase in electricity prices in the summer, reaching more than 288 euros/MWh in October. This Saturday, the average electricity price in the wholesale market will drop to 180.48 euros per M...
    View More
  • India allocates another 3.2 billion US dollars to support photovoltaic manufacturing plan
    Nov 19, 2021 India allocates another 3.2 billion US dollars to support photovoltaic manufacturing plan
    In order to support gigawatt-scale solar module production, the Indian authorities announced additional funding of US$3.2 billion for the photovoltaic manufacturing incentive program. In order to get rid of the dependence on foreign photovoltaic manufacturing capacity, India encourages local and global companies in India to establish large-scale photovoltaic manufacturing plants in India, and provides relevant incentives. In April 2021, the United Cabinet of India approved the proposal of the Ministry of New Energy and Renewable Energy (MNRE) on the implementation of the production-linked incentive (PLI) plan of the “National Plan for High-Efficiency Solar Photovoltaic (Photovoltaic) Modules” to achieve 45 billion euros ( About 605 million U.S. dollars) gigawatt-scale manufacturing. Solar photovoltaic manufacturers will choose through a transparent and competitive bidding process. This award will be issued within five years after the solar photovoltaic manufacturing plant is put into production. India's current domestic production capacity of photovoltaic cells is about 2.5GW, and the production capacity of modules is about 9-10GW. The previous bid for the incentive plan attracted bids for the production capacity of 54.5GW of solar equipment. Now that India has increased its budget, bidders who failed to win the project under the production-related photovoltaic manufacturing incentive plan still have the opportunity to obtain funding. India has set a goal of 100 GW of installed photovoltaic capacity by 2022 and 450 GW of renewable energy generation capacity by 2030, with photovoltaics accounting for nearly 300 GW of total installed capacity. According to its plan, from 2020 to 2030, India’s manufacturing plan will have a series of impacts. By 2030, India’s photovoltaic projects may exceed 300GW, a large part of which will be produced by Indian companies or joint ventures (in cooperation with overseas companies). Batteries, solar panel, materials and BOS parts.
    View More
  • Philippine Solar Receives IPO Approval for 500 MW Project Development Unit
    Nov 18, 2021 Philippine Solar Receives IPO Approval for 500 MW Project Development Unit
    Solar Philippine Nueva Ecija Corporation (SPNEC), the largest solar project developer in Southeast Asia, has been approved to conduct an initial public offering (IPO). The company will receive up to 2.7 billion Philippine pesos (54 million US dollars / 47 million euros). The company is a subsidiary of solar power producer solar Philippine and has obtained approval from the Philippine Stock Exchange (PSE) and the Securities and Exchange Commission (SEC) to issue up to 2.7 billion shares at a price of 1.00 Philippine pesos per share. The final offer will be confirmed on November 23. The issuance will take place from December 1st to December 7th, 2021, and December 17th is the tentative listing date. This is the first time a company has obtained a listing permit under a set of rules known as the supplementary listing and disclosure requirements for renewable energy (RE) companies. SPNEC is the developer of a 500-megawatt solar project designed to supplement the weak reserves of the Luzon power grid and help prevent power outages. The company plans to use the IPO proceeds of 1.3 billion Philippine pesos to finalize the project's first 50 megawatts of power generation, while the remaining part is planned to be used to purchase land to expand the project to more than 500 megawatts. The company has appointed Abacus Capital and Investment Corporation as the issue manager and lead underwriter, and Philippine Investment Capital Corporation as the participating underwriter for the IPO. In addition to Nueva Ecija, Solar Philippine has also established a 63 MW solar energy partnership with Korea Electric Power Corporation in Batangas, and carried out two solar projects totaling 140 MW in Batangas and Cavite. The existing power plant was expanded to 200 MW. (Philippine Peso 10 = USD 0.199/EUR 0.175)
    View More
  • The United States exempts double-sided module tariffs and lowers the 201 tariff rate!
    Nov 17, 2021 The United States exempts double-sided module tariffs and lowers the 201 tariff rate!
    On November 16, the U.S. Court of International Trade (CIT) officially announced the restoration of the 201 tariff exemption for double-sided modules and lowered the 201 tariff rate. This means that bifacial solar modules can be imported into the United States without additional tariffs. CIT announced that it will officially restore the 201 tariff exemption and reduce the section 201 tax rate from 18% to 15% (previously, the tax rate was increased to 18% in Announcement 10101 during the Trump administration). These two changes , The additional tariffs previously levied will be refunded to relevant enterprises. CIT stated, “The previous Announcement No. 10101 revoked the tariff exemption for double-sided solar panels and increased the guarantee responsibility for CSPV modules. This constitutes an obvious misunderstanding of the legal regulations and also exceeds the President’s authorization. Range."
    View More
  • Announcement from the US Department of Commerce: Asian photovoltaic manufacturers have not sold batteries at low prices, and “anti-circumvention investigations” will not be filed
    Nov 12, 2021 Announcement from the US Department of Commerce: Asian photovoltaic manufacturers have not sold batteries at low prices, and “anti-circumvention investigations” will not be filed
    In the latest news on November 11, the United States rejected the request to initiate an investigation of Asian photovoltaic manufacturers, and the United States Department of Commerce determined that Asian companies did not sell photovoltaic cells at prices lower than normal. The announcement documents show that we will not consider the 777(b) and other provisions of the bill, and have rejected A-SMACC's request for evasion of investigation on August 16, 2021. Previously, an anonymous US solar manufacturer submitted an application to the US Department of Commerce, requesting that upstream components such as silicon wafers produced in China by specific manufacturers be assembled in Vietnam, Thailand, and Malaysia and exported to the US for crystalline silicon photovoltaic cells and modules. The investigation may result in the imposition of tariffs on supplies from countries such as Malaysia, Vietnam and Thailand, which accounted for more than 80% of the photovoltaic products imported into the United States in the first half of this year. Unlike the manufacturer’s "booing", US solar project developers lobbied strongly to oppose any investigation by the Department of Commerce on new tariffs, saying that this investigation alone would scare the foreign solar producers they depend on and weaken the impact on the realization of the US climate. Industries where changing goals are critical. The American Clean Power Association said in a statement: "The launch of this investigation will have long-term devastating consequences for our country's energy goals and the 230,000 American employees in the solar industry."
    View More
  • U.S. Georgia Electricity Company Releases 1GW Renewable Energy RFP
    Nov 10, 2021 U.S. Georgia Electricity Company Releases 1GW Renewable Energy RFP
    The U.S. Electric Power Company of Georgia has issued a Request for Proposal (RFP) on approximately 1030 MW of utility-scale renewable energy power generation capacity, which will be put into use in 2023 and 2024. A subsidiary of Utilities Southern Corporation said on Monday that the competitive tender will be launched in the first quarter of next year. In addition to renewable energy projects, RFP will also seek offers for renewable energy capacity with integrated battery storage. The consulting firm Accion Group Inc has been hired as an independent evaluator for the process. RfP will be held as part of Georgian Power’s 2019 Integrated Resources Plant and will be in line with the company’s efforts to diversify its power generation portfolio and expand its renewable energy supply, adding 2 GW of utility-scale capacity. The company has already operated more than 2.7 GW of wind, solar and hydropower stations, and will add another 2.7 GW by the end of 2024.
    View More
  • Brazil's import price of photovoltaic modules rises by 20%
    Nov 09, 2021 Brazil's import price of photovoltaic modules rises by 20%
    According to a recent report by Brazilian consulting firm Greener, between January and September 2021, the average price of solar modules imported into the Brazilian photovoltaic market rose by 20.4%. The current average price of imported single crystal PERC modules is US$0.24/W, an increase of 3.95% from the average price in August. Greener believes that prices will continue to rise, possibly until 2022. Despite price increases, imports continue to grow. Since January, about 6,641 MW of photovoltaic modules and 6,890 MW of inverters have been imported. Module imports in September reached 672 MW, lower than the level of the first five months of this year, but an increase of 121.5% year-on-year. Single-sided modules accounted for 57.3% of the monthly total, and high-power modules (above 500 W) accounted for 30%, 209 MW.
    View More
  • The French government issued 10 policies to encourage the development of photovoltaic power generation industry
    Nov 06, 2021 The French government issued 10 policies to encourage the development of photovoltaic power generation industry
    According to a report by Le Figaro on November 3, French Minister of Ecological Transformation Pompili said in an interview with the media on Wednesday that the French government will introduce 10 policies to encourage the development of photovoltaic power generation industry. It is estimated that by 2025, France will build 1,000 photovoltaic power generation projects on public land. The government encourages the development of photovoltaic industry on wasteland (instead of artificially changing soil properties), and strives to add 3 million kilowatt-hours of photovoltaic power annually in the future. It is estimated that by 2028, France's photovoltaic power generation capacity will be three times the current. According to data from the French Grid Corporation (RTE), the proportion of photovoltaic power generation in France in 2020 is only 2.5%.
    View More
  • Increase by 1GW! Turkey plans to increase solar installed capacity in 2022
    Nov 04, 2021 Increase by 1GW! Turkey plans to increase solar installed capacity in 2022
    According to local daily newspaper Yeni Shafak, Turkey will increase the share of renewable energy in energy production starting from 2022 The report added that the highest capacity growth in 2022 is expected to occur in the field of solar production, which is about 1,000MW (1GW). The 2023 strategic plan of the Ministry of Energy and Natural Resources aims to increase the proportion of renewable energy in total electricity production capacity from 59% to 65%. In Turkey's total installed capacity of 100,000 MW, renewable energy has reached 54,000 MW. Recently, Turkey reached the 10GW wind energy milestone. Cem Ozkok, chairman of the GUYAD Renewable Energy Investors Association, said that Turkey is extremely rich in natural resources, domestic resources, and renewable resources, such as wind, solar, hydro and geothermal. Ozkok emphasized that "Turkey wants to meet half of our electricity demand through renewable energy, and the ratio of our installed capacity to existing capacity must be at least 70%. This means about 35% of non-HEPP renewable energy. In other words. In other words, the goal should be to put into operation at least 5GW of renewable energy every year." He added that the system infrastructure should be reviewed to increase Turkey's renewable energy capacity. Ozkok said that because these projects require a large amount of capital, foreign investors should participate in Turkey's renewable energy transformation process. In addition, he emphasized that necessary measures and favorable legislation should be taken to promote the use of renewable energy in Turkey. He hopes that the Glasgow Climate Summit to be held from November 1 to 12 will make effective and binding decisions. Although the goal is to maintain a temperature rise of 1.5 degrees within a century, according to current policies, the global temperature rise will reach 2.7 degrees. "In order to limit the temperature rise to 1.5 degrees Celsius and reduce greenhouse gas emissions by 55% by 2030, countries need to increase their current plans by 7 times."
    View More
1 2 3

A total of 3 pages

Home

Products

about

contact