Weekly Update (11.18)
Astronergy this week
1. Astronergy team attends Energyear Mexico event
On behalf of Astronergy, Juan Gattoni – our key account director in Latin America, attended Energyear’s Mexico event with our colleagues. Astronergy and our ASTRO N modules are known by more friends in Mexico.?
2. For safer unpacking of our?PV modules, we filmed a guidance video for all our friends. Feel free to check the video through the following link if you need or are interested in it:?https://www.dhirubhai.net/feed/update/urn:li:activity:6999187548031913985
PV Market brief news this week
On Nov. 14, the National Energy Administration reported the energy situation and grid-connected operation of renewable energy in China in the first three quarters of 2022.?
For the PV field, in the first three quarters of 2022, China's PV power generation increased by 52.6 million kilowatts, accounting for 45.8% of the new installed capacity nationwide.
By the end of September 2022, the cumulative installed capacity of PV power generation in China hits 358 million kilowatts. In the first three quarters, China's PV power generation capacity has reached 328.6 billion kWh, with a year-on-year growth of 32.2%; The utilization rate of PV power generation across the country achieved 98.2%, up 0.2 percentage points year on year.?
At present, constructions for the first batch of large-scale wind and PV power generation bases have all been started, constructions for the second batch of projects are being started in succession, and the third batch of project reviews is being accelerated.
2. TOPCon cell production capacity to account for 31.43% in 2023
According to SMM statistics, the production capacity of TOPCon cells for PV modules has expanded rapidly this year. At present, 49.4GW TOPCon cells have been put into production and 60.5GW is under production. According to incomplete statistics, the planned production capacity has reached 206GW. It is estimated that by the end of 2022, TOPCon cell production capacity will reach 77.4GW, mainly in Jiangsu, Anhui and Zhejiang, accounting for 42.76%, 31.01% and 19.38% respectively. It is estimated that by the end of 2023, TOPCon cell production capacity will reach 305.9GW, of which the annual new capacity will reach 228.5GW, mainly in Jiangsu, Anhui, Zhejiang and Shanxi.
3. Brazilian developer?working on the world's largest PV project
Brazil-based Omega Energia is now developing what is set to become the world's largest solar project. It has yet to reveal its investment in the 4.6 GW Kuara solar park, which will feature 8 million solar modules from an undisclosed manufacturer. The project will cover 7.8 thousand hectares of unused farmland between the municipalities of Aracati e Icapuí, in the Brazilian state of Ceará.
4. French?government sets up PPA guarantee fund for renewables
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The French government has revealed that French lender Bpifrance will manage a fund to guarantee power purchase agreements for up to 500 MW of cumulative installed capacity.
5. Solar Scores Highest in Iberdrola's Investment Plan
Spanish energy company Iberdrola will invest €17 billion to add over 12 GW of new renewables capacity to take its total installed renewable energy capacity to 52 GW by 2025. Of this investment 24% is reserved for solar PV, but when looking at new renewables additions solar’s share is over 50%. Iberdrola plans to add 6.3 GW between 2022 and 2025 thanks to '100% contracted panels'.
6. TüV Rheinland offers certification for building-integrated PV
TüV Rheinland has developed new testing guidelines for the certification of BIPV modules. The German certification body said the new testing guidelines will bring greater transparency to the BIPV market. It said it hopes that it will pave the way for manufacturers to get their systems approved by building authorities.
7. Australian renewables tender sparks 8 GW response from industry
The New South Wales government's first tender seeking generation and storage projects as part of the state's Electricity Infrastructure Roadmap had attracted significant interest from wind, solar and storage developers, with more than 5.5 GW of generation projects and more than 2.5 GW of long-duration storage projects received.
8. India?offers import duty exemptions for 6 GW of PV
India's Ministry of New and Renewable Energy (MNRE) has decided to waive solar import duties, in a move that will benefit up to 6 GW of already bid-out PV projects, according to a new report by CRISIL Ratings.
9. Permitting issues for solar on agricultural land in?Romania
The Romanian PV industry faces serious issues related to permits for PV projects on agricultural land, as the Ministry of Agriculture and Rural Development (MADR) is reportedly rejecting installations spanning more than 50 hectares.
10. Denmark,?Sweden,?Finland?could add 12.8 GW of solar by 2030
Denmark, Sweden, and Finland could add a total of 12.8 GW of PV by 2030, according to a new study by Norwegian research company Rystad Energy. The Nordic region is set to become a renewables powerhouse in Europe, with onshore wind accounting for most of the growth at 61.5 GW.
11. International Solar Alliance launches innovation challenge in?Africa
The International Solar Alliance has launched the SolarX Grand Challenge to support African entrepreneurship and innovation. The SolarX Grand Challenge aims to accelerate solar adoption by motivating innovators and researchers to provide value and much-needed innovation in the solar sector.
12. Soft costs in?US?residential solar adoption
Demand for US residential solar is heating up, as energy prices climb and Americans look for ways to save on bills. Power outages and the desire for backup energy storage have also been pushing solar adoption. Technavio expects the market for US solar to grow by a 10% compound annual growth rate through 2025, reaching $5.99 billion in incremental growth by the end of that year.
13. Chile?enacts law on energy storage, electromobility
Chile has enacted the Renewable Energy Storage and Electromobility Law, which will compensate standalone storage projects for injecting electricity into the grid and being available at times of peak demand.