Jinko & Mecasolar to drive utility projects in SE Asia; JA Solar to supply modules to CIC; Solis net profit down by 48% in H1/2024; Sun Harmonics modules TUV SUD Singapore certified; CTGR to invest RMB 79.79 on new energy base; China to add 190 GW of PV capacity in 2024.
JinkoSolar & Mecasolar partner to expand utility projects in SE Asia: In an announcement, Global PV and ESS supplier, JinkoSolar, said that it has got into a commercial partnership with leading manufacturer of trackers, structures, and integrated supply solutions, Mecasolar. With this partnership, both the companies aim to increase their market presence and expand utility projects opportunities across Southeast Asia. Expressing her excitement, General Manager at JinkoSolar APAC, Anita Li, said, "We are thrilled to embark on this strategic partnership with Mecasolar. This collaboration marks a significant step forward in our efforts to expand our footprint in the Southeast Asian utility project sector. With Mecasolar's expertise in manufacturing trackers, structures, and integrated supply solutions, combined with Jinko Solar's industry-leading capabilities, we are well-positioned to capture new opportunities and deliver exceptional value to our clients. This partnership is a testament to our commitment to driving innovation and growth in the renewable energy landscape." Recently, JinkoSolar's Global Vice President Dany Qian highlighted the critical role of ecosystem collaboration in driving technological advancements (see Dany Qian, JinkoSolar at TaiyangNews & SNEC Leadership Talks)
JA Solar to supply solar modules to CIC: Solar PV panel manufacturer, JA Solar, announced that it has signed a long-term supply agreement with Australian global large-scale green hydrogen developer, Climate Impact Corporation (CIC). The modules are towards CIC's Green Springs project, and other hydrogen projects in Australia. With an investment of USD 10 billion, the Green Springs project is considered to be one of the largest and fastest-progressing off-grid photovoltaic hydrogen production projects in Australia, and will be producing over 500,000 tons of green hydrogen annually. Meanwhile, at the recently concluded SNEC PV+ 17th (2024) International Photovoltaic Power Generation and Smart Energy Conference & Exhibition in Shanghai, TaiyangNews Managing Director, Michael Schmela, had an insightful interaction with Tony Zhu, Vice President of JA Solar (see Tony Zhu, JA Solar, in Conversation with Michael Schmela at SNEC 2024)
Solis net profit down by 48% in H1/2024: Releasing its performance forecast for the first half of 2024, solar inverter manufacturer, Solis, said that its net profit from January to June 2024 is expected to be between RMB 325.289 million ($44.81 million) and RMB 400.29 million ($55.13 million), a decline of 48.14% to 36.18% compared to the same period last year. However, the second quarter showed improvements registering a net profit between RMB 305 million ($42.01 million) to RMB 380 million ($52.34 million). This improvement, the company said, is due to strong order volumes for solar PV and energy storage inverters, a rise in overseas shipments, and growth in product shipments following enhancements in production capacity and supply chain improvements.
Sun Harmonics modules bag TUV SUD Singapore certification: Flexible thin-film solar cells producer Sun Harmonics's Super-Flex series of flexible thin-film solar modules have passed TÜV SÜD Singapore certification, the company announced. This certification proves the durability, safety and reliability of the modules. Last month, Sun Harmonics had set a new efficiency record (see China Solar PV News Snippets)
CTGR to invest RMB 79.79 on new energy base: China Three Gorges Renewables (CTGR) announced its plans of investing RMB 79.8 billion ($ 10.9 billion) to build a new energy base in the central and northern part of the Kubuqi Desert in Inner Mongolia. The base would include a 8 million kilowatts of photovoltaic power, a 4 million kilowatts of wind power, a 200,000 kilowatts of solar thermal power, a 4 million kilowatts of supporting coal-fired power projects and 5 million kilowatt-hours of new energy storage system. On completion, the generated electricity will be transmitted to the Beijing-Tianjin-Hebei region through the Inner Mongolia-Beijing-Tianjin-Hebei ±800 kV UHV DC transmission project.
China to add 190 GW of PV capacity in 2024: CREEI: The China Renewable Energy Engineering Institute (CREEI) has released the China Renewable Energy Development Report 2023, which pointed out that at the end of 2023, China's technically exploitable solar energy resources stood at approximately 46,000 GW, with centralized photovoltaic resources amounting to about 42,000 GW, predominantly in the western regions. The report further added that China is expected to add 190 GW of solar PV capacity in 2024.