China

A report produced by an AI and automation market research company says an anticipated boom in the European storage market – driven by a desire to reduce carbon emissions – will attract producers as demand outside China tails away.

The research firm says the value of the global inverter market will continue to decline until 2024, even though shipments will likely increase. China’s recent policy changes have increased pressure on prices, which will contribute to greater consolidation in the sector.

China’s National Energy Administration has given the greenlight to 3,921 ground-mounted and distributed generation projects. The approved energy price bids ranged from $0.0407 to $0.080, depending on system size, for an average price of $0.048.

Taiwanese analyst Energytrend saw prices for high power products fall over the past week, but so far only in China. That trend could be replicated around the world next week, however.

The world’s number one mono silicon module manufacturer will add another 5 GW to its annual panel production capacity in 2020 as it pursues 16 GW of output this year and 25 GW next year.

Australian-Chinese renewables developer Maoneng and Chinese module maker and EPC contractor Chint have come together to develop a series of utility-scale solar projects in Australia.

In the petition, the manufacturers claim their Korean rival’s patent assertions should be declared invalid as there is evidence the innovations they refer to were either not new or were obvious steps forward.

JinkoSolar today announced that it has set a new efficiency record for a monocrystalline PERC PV cell at 24.38%, and produced a module that achieved 469.3 W power in testing conducted by TÜV Rheinland. The Chinese module manufacturer also equalled a record claimed just last week by Trina Solar, of 24.58% conversion efficiency for an n-type monocrystalline cell.

The Chinese electrical equipment giant will build the first project of Simec Energy Australia’s landmark US$1 billion, 1GW dispatchable renewable energy program in South Australia.

The race is on to process applications for central payments across the world’s biggest solar market, particularly as qualifying projects must reportedly be grid connected this year. The final electricity price will be a major competitive factor considered by the Beijing authorities.