800 MW Qatar solar project for Sungrow: Solar PV inverter supplier Sungrow will ship its inverter solutions for the 800 MW Al Kharsaa project in Qatar, being developed by Japan's Marubeni and France's Total which the consortium secured for the lowest winning tariff of QAR 0.0571 per kWh (see Record Low Winning Bid In 800 MW Qatar PV Tender). SunPower's 1500V string inverters SG250HX were selected by project's EPC contractor Power China and says these inverters are compatible with bifacial modules and tracking systems. For these inverter series, Sungrow aims to have 3 GW of installed capacity by the end of 2020.
Almaden expects net profit in 9M/2020: During the period between January 2020 and September 2020, solar glass module manufacturer Changzhou Almaden Co., Ltd. expects to report net profit between RMB 71 million to $76 million, registering between 3,995.76% to 4,284.19% annual growth. Of the 3 quarters, it sees Q3/2020 bringing in maximum profit of between RMB 30.5 million to $35.5 million. In a notice issued, it attributes this expected growth to the growing penetration of double glass modules and the substantial increase in demand for PV glass. However, in recent months solar glass prices have been going up.
$5 trillion for China's carbon neutral goal: Wood Mackenzie analysts see more than $5 trillion investments for China to reach its carbon neutral goal by 2060 (see China Declares Carbon Neutrality Goal By 2060). This, the analysts, say is the money needed for the country to install additional power generation capacity to accommodate its growth in electrification by 2050. This would mean solar, wind and storage capacities in the country to increase 11 times to 5,040 GW compared to 2020 levels, while coal fired capacity comes down by half and gas continues at the same level as in 2019.