China

Arctech Solar has announced it will provide trackers for a 2.1 GW project in Dubai and China’s largest state-owned grid operators and power utilities – State Grid of China and China Southern Grid – have established a clean power exchange.

Details emerged in a stock market update issued by the state-owned company which bailed out privately-owned solar developer Panda Green. Nenggao Automation will carry out the EPC contract.

Furthermore, Tongwei has raised the prices of its solar cells and Comtec Solar announced it wants to sell its idled Shanghai and Hainan factories.

The storage project is linked to a 1 GW wind and solar project portfolio, 500 MW of solar distributed generation, and the construction of a gigafactory for vanadium redox flow batteries in China.

Norwegian consultancy DNV today published the latest of its annual surveys of the state of the energy transition and lamented the fact so very little has been achieved during the last five years. We are forging ahead into a world that will be 2.3C hotter this century, predicts the report.

Longi posted a net profit of $773 million in the first half of the year after shipping 17 GW of modules. Xinte reported a net result of $190 million and Solargiga saw its revenue increase significantly.

The solar farm owner is having to juggle creditors as it tries to drum up further interest in its assets despite a ‘lack of marketability.’

The solar farm development unit owned by the poly maker sold off 2 GW of photovoltaic generation capacity in China in the first six months of the year but has confirmed more sales lie ahead.

A 50 MW unsubsidized solar PV plant is being developed by Chinese mounting system provider Chiko Solar at a fishery in China’s Jiangxi Province.

Moreover, the Chint group said its PV plant fleet in China has reached a combined capacity of 6.54 GW and project developer China Shuifa Singyes said high polysilicon prices and Covid restrictions had caused a revenue drop.