Chinese PV Industry Brief: Longi issues net loss warning for 2024
Longi has issued a profit warning for 2024, forecasting a net loss of up to $1.11 billion – a sharp decline from last year’s profit of $1.42 billion.
China begins building first GW-scale residential VPP
China is building its first gigawatt-scale residential virtual power plant (VPP) in Jiangsu province. The project will connect millions of high-power household appliances to a cloud-based energy pool to improve grid stability and boost renewable energy use.
A copper-bottomed answer to solar’s silver dependence
The solar industry has dragged its heels on the issue of silver-dependence for cell metallization, but China’s Jiangsu Xianghuan Technology (JXTC) is moving into commercial production with a copper plating process that overcomes many of the challenges that have limited interest from cell manufacturers.
Bolivia’s YLB signs lithium deals with Russian, Chinese companies
The agreements provide for the installation of carbonate industrial plants in the department of Potosí, which will receive royalties and investments of around $2 billion.
China’s CGN New Energy announces winning bidders in 10 GWh BESS tender
CGN New Energy has selected seven winners from 50 bidders in its 10 GWh battery energy storage system (BESS) tender, with the lowest bid at CNY 0.458/Wh ($63/kWh).
US bans five Chinese PV firms under Uyghur Forced Labor Prevention Act
Under the Uyghur Forced Labor Prevention Act (UFLPA), the US authorities have banned five Chinese companies from providing products and services in the United States.
Solis releases three-phase string C&I inverters with fuseless design
The Chinese inverter said its new inverters have an MPPT current of up to 54 A and support more than a 150% DC/AC ratio. The new products also feature a maximum efficiency of 98.8% and a European efficiency rate of 98.3%.
Solar advances across MENA region
The fossil fuel rich Middle East and North Africa (MENA) region faces mounting pressure to diversify its energy mix. While solar is cheap, it faces significant sociopolitical and economic challenges.
Amea Power commissions 500 MW solar plant in Egypt
Amea Power has held an inauguration ceremony for a 500 MW solar installation in southern Egypt. The project, completed in 18 months, is the largest of its kind in the country.
Self-powering greenhouse based on PV, BESS, hydrogen
Scientists have designed a greenhouse system that involves a battery energy storage system, hydrogen production and storage, as well as a semi-transparent PV array. The system was optimized for maximal net present value and minimal dependency on the grid.
