SANY Silicon partners with AZ Energy in Australia; JA Solar joins UNGC's Forward Faster initiative for SDGs; SC New Energy seals RMB 3.07B contracts; Hangzhou First reports 17.2% net profit rise in FY2023; NEA promotes grid connection for renewable energy storage.
SANY Silicon signs MoU with AZ Energy: Solar module manufacturer SANY Silicon has announced that it has signed a Memorandum of Understanding (MoU) with AZ Energy, an Australian renewable energy distributor. According to the MoU, SANY Silicon will provide AZ Energy with high-efficiency all-black bifacial solar panels tailored for the Australian market. The 2 companies aim to strengthen their position in the Australian market through this collaboration. Details about the duration of the collaboration, volume of supply and the financial terms have not been disclosed at this time.
JA Solar joins UNGC's 'Forward Faster' initiative: Vertically integrated solar PV maker JA Solar has announced that it has formally committed to joining the 'Forward Faster' initiative launched by the United Nations Global Compact (UNGC). The company aims to accelerate progress in the areas of gender equality, climate action, living wages, and sustainable financing towards achieving the Sustainable Development Goals (SDGs). The 'Forward Faster' initiative seeks to hasten corporate efforts and investments to meet the 17 SDGs and the 2030 Agenda for Sustainable Development. The initiative calls on global business leaders to undertake measurable, reliable, and ambitious actions. Currently, 1,488 companies globally have joined the UNGC's 'Forward Faster' initiative.
JA Solar recently released the results from its demonstration plant in Qionghai City, Hainan Province, showing that its n-type modules generated 3.5% more electricity than the p-type modules (see China Solar PV News Snippets).
S.C New Energy signs contracts worth RMB 3.07 billion: Solar equipment manufacturer S.C New Energy has announced that the company and its subsidiaries have signed contracts totaling RMB 3.07 ($424 million) with a leading PV enterprise over the past 12 months. The company says that these contracts represent 55.35% of its main business revenue for 2022. It said that these contracts are related to normal operations and are expected to positively impact its strategic development, revenue, and net profit. S.C New Energy opted not to disclose specific details about the customer and the contracts owing to the commercial sensitivity of the contracts.
In January, S.C New Energy announced its HJT single-glass module achieved an output power of 745.33 W (see China Solar PV News Snippets).
Hangzhou First FY 2023 net profit up 17.2% YoY: Leading EVA and backsheet manufacturer Hangzhou First has reported revenues of RMB 22,588,526,700 ($3.12 billion) for FY2023, an increase of 19.66% Year-over-Year (YoY). For the year, its net profit of RMB 1,850,161,900 was an increase of 17.2% YoY. The company reported PV film sales of 2.249 billion sq.m. for the period, up 70.22% YoY, generating revenues of RMB 20,481 billion which was up 21.53% YoY. PV backsheet sales of 151.21 million sq. m. were up 22.70% YoY, generating revenues of RMB 1.326 billion ($183.26 million) which were down 1.08% (YoY).
The company states that its PV backsheet business achieved remarkable improvement in 2023, with its sales ranking 2nd in the world. It, however, sees a 'complex situation' for its PV materials business in the future due to changing policies in the US and Europe.
NEA promotes grid connection and dispatch of renewable energy storage: In a recently released notice, China's National Energy Administration (NEA) has issued guidelines to promote grid connection and dispatch of renewable energy storage. The document provides standards for the grid management and dispatch operation of renewable energy storage, categorizing it into dispatchable renewable energy storage and power station self-use storage. It sets regulatory standards for grid access, optimizes dispatch methods, and strengthens operational management. It also specifies technical requirements for access, defines dispatch technical demands, encourages retrofitting of existing power stations, and promotes innovative control technologies. As of the end of 2023, China's cumulative installed capacity for renewable energy storage projects was 31.39 GW/66.87 GWh, up 260% from the end of 2022.
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