Chinese PV Industry Brief: Trina Solar posts strong 2023 earnings
Trina Solar has announced its 2023 earnings results, while Autowell has secured a supply contract from Longi Green Energy.
China Three Gorges commissions 3.48 GW of new solar capacity
China Three Gorges Corp., a Chinese state-owned power company, connected 3.48 GW of solar to the grid at seven sites in the final week of December. The projects include China’s largest floating PV plant – a 650 MW facility in Anhui province – and two PV plants with capacities of 1 GW and 900 MW.
Construction begins on massive solar-plus-storage project in China
China’s Three Gorges New Energy has started building the first 1 GW phase of solar-plus-storage capacity for a planned 16 GW mega-project in Inner Mongolia’s Kubuqi Desert. Upon completion, the massive installation will include 8 GW of solar, 4 GW of wind, and 4 GW of upgraded coal capacity.
Indonesia’s Riau Islands set for more big solar and storage
Developers are moving fast to meet Singapore’s clean energy needs by establishing overseas solar-plus-storage plants, with a strong focus on facilities in neighboring Indonesia.
Bullish clean energy stocks helped maintain healthy investment levels
The latest renewables investment report produced by analyst BloombergNEF has noted backing for solar projects continued to rise in the first half as wind power investment fell back.
More project sales ahead as defaulting GCL awaits debt restructure
The company is in cross-default for $679 million, triggered by the non-payment of $500 million of senior notes at the end of January. The polysilicon maker hopes to straighten that matter out with a debt restructure ‘by June.’
China Three Gorges buys 570 MW of Spanish solar
The power company has won the race to acquire a 572 MW, 13-project solar plant portfolio owned by Madrid-based, Canadian-U.S.-controlled developer X-Elio.
