China

A new Wood Mackenzie report suggests that costs for front-of-the-meter battery storage systems in the Asia-Pacific region could fall by 30% by 2025. The declining costs are already having a palpable impact, as 2021 has opened with a slew of large-scale battery project announcements.

Longi and Risen both announced plans to build up new module and cell manufacturing capacity. Furthermore, the State Power Investment Corporation (SPIC) has revealed it deployed more than 10 GW of solar power last year.

The private-sector arm of the World Bank, which claims to leverage $3 of its own capital and $8 from third parties for every dollar invested in its blended finance funds, has attempted to quantify what devoting Covid recovery funds to green investment would mean for emerging economies.

In an interview with pv magazine, Frank Haugwitz – the director of the Asia Europe Clean Energy (Solar) Advisory (AECEA) – explained how the recent China-EU investment deal could offer more opportunities to European companies in China’s renewable energy market. He said the agreement shall provide transparency over policies, regulations, financing, and subsidies. And competition shall grow, especially in the C&I solar segment, he added.

Huawei has strengthened its technology partnership with Chint, while TBEA is planning an IPO for its polysilicon unit Xinte Energy. Furthermore, glass manufacturers keep acting to overcome current bottleneck.

What happens to a floating PV system located in cold climates during freezing temperatures? How is the plant handled and which kind of risks could be associated with these unfavorable climatic conditions? We have sought to answer these questions with the help of Kane Wang, manager of Sungrow Floating’s system solution department.

Global management consulting firm PricewaterhouseCoopers has issued a general economic prediction for 2021. Aside from some general notes on GDP recovery post-Covid, the analysts’ notes were heavily focussed on climate and energy finance and policy.

Parent company hopes to raise $535 million from the move with $500 million worth of three-year senior notes owed by its solar project business due to mature on January 30.

In the first instance, the Düsseldorf Regional Court in Germany ruled in favor of Hanwha Q-Cells, but Longi Solar has appealed the judgment. There is also still a struggle for the validity of the patent between the photovoltaic companies at the European Patent Office. In addition to Longi Solar, REC is also reporting another partial success in the legal dispute with the South Korean photovoltaic manufacturer.

The European Commission has finalized its long-anticipated investment agreement with China. While some renewable energy businesses might benefit from improved investment security, IP protection and access to legal remedies in China, the Commission did not address the issue of Uyghur forced labor in China. As a majority block in the European Parliament had previously demanded from the Commisison to develop a firm policy to end forced labor in China, there is reason for doubt that the agreement as it stands will be adopted by the EU Parliament.