China

China’s National Energy Administration (NEA) has revealed that China’s cumulative PV capacity reached 609.49 GW at the end of 2023.

Researchers assessed the effect of solar energy projects on poverty in China and determined that PV systems can play a role in reducing multiple dimensions of poverty while also contributing to environmental protection.

JinkoSolar says it expects a 2023 net profit ranging between CNY 7.25 billion ($1.02 billion) and CNY 7.95 billion, while Arctech Solar says it anticipates a full-year net profit of CNY 354 million.

China’s SolaX Power has developed two lines of integrated energy storage systems that reportedly support up to 200% PV oversizing. Their rated output power ranges from 3 kW to 15 kW.

Scientists in China have used computer simulations to gain a better understanding of the factors that influence the adoption of residential PV.

Researchers in China have developed a novel way to predict the cloud coverage of PV plants. The method uses geostationary satellite and recurrent-neural networks.

Hoshine says it will build a solar glass factory in Urumqi, the capital of China’s Xinjiang region, where it is also planning a 20 GW vertically integrated module manufacturing facility.

Scientists from China have developed a novel system that can detect DC arcs in PV installations through a back-propagation neural network. The novel technique reportedly ensures a detection time of less than 200 ms.

Researchers at the Dalian Institute of Chemical Physics (DICP) in China have developed a 70 kW-level vanadium flow battery stack. The newly designed stack comes in 40% below current 30 kW-level stacks in terms of costs, due to its volume power density of 130 kW/m3.

Wood Mackenzie says the solar industry has reached a new stage in its evolution and is predicting around 350 GW of global solar installations annually for the next eight years. The research firm is also forecasting challenges for the solar manufacturing sector and long-awaited benefits from the Inflation Reduction Act in the United States.