Weekly Update (Feb. 24)

Astronergy this week

1. Samuel Zhang: Astronergy aims high in global markets

Recently, Samuel Zhang, Astronergy’s CMO, received an interview from PV Tech.

Said Samuel, in 2022, the shipment of Astronergy products hit 13.5GW.?In China and overseas markets, Astronergy realized double the output in 2022.?

He added, we’re confident about future expansion, especially for overseas and global markets.

Click and read the full report:?https://www.pv-tech.org/astronergy-doubles-down-on-topcon-module-expansion-eyes-us-manufacturing/

2. Astronergy teams go on their global journey

In Spain

Together with ASTRO N series #PV modules, the Astronergy team wowed at #Genera #Spain 2023.

On the first day of the expo, Ren Jingdong, deputy director of China's National Energy Administration, visited the Astronergy booth and listened to ASTRO N TOPCon introduction.

And to help promote Spain's clean #energytransition process. Astronergy signed a partnership contract with #FEGiCAT to offer technical guidance and installation solutions for PV associations and thousands of installers in Spain.

In Morocco

From Feb. 21 to Feb. 23, another group of Astronergy members attend SOLAIRE EXPO MAROC 2023 to showcase our frontier solar tech.

Astronergy booth at the expo received a vast amount of visits and attracted interviews and on-site coverage from Solar Exports – a locally renowned PV medium.

In the Philippines?

From Feb. 21 to Feb. 22, Astronergy team in the Philippines wowed at the 2nd Philippine Solar PV Energy Summit. Our ASTRO N series PV modules were known by local friends.

Meanwhile, Richard Lucas gave a presentation on our company, tech and development path at the summit.

PV market brief news this week

1. China produced 288.7 GW of modules, 827,000 MT of polysilicon in 2022

China’s Ministry of Industry and Information Technology (MIIT) says Chinese manufacturers produced 357 GW of wafers and 318 GW of solar cells in 2022.

2. UK added 555 MW of new solar in 2022

The United Kingdom hit 14.3 GW of cumulative solar capacity by the end of last year, according to provisional government data. New solar capacity grew by 4% year on year, with the rooftop PV market accounting for most of the new installations.

3. US developers actively building 25 GW of solar

The US Energy Information Administration’s (EIA) monthly update of capacity additions shows that the energy transition is well underway. Across the United States, projects listed as actively under construction total more than 25.4 GW in capacity. This adds to the 107.5 GW of existing solar on the US grid that exists today, as reported by the EIA.?

4. Australia might face electricity supply shortages as coal power stations retire

Australia requires further investment in generation, storage and transmission to satisfy reliability requirements over the next decade, according to an updated report from the Australian Energy Market Operator (AEMO).

The report said Australia’s expected unserved energy (USE) is within the interim reliability measure (IRM) for all regions until 2024-25. However, the expected USE is forecast to exceed the reliability standard in each mainland region starting from 2027.

5. Netherlands’ Allocates €8 Billion Subsidy For SDE++2023

Newly installed solar PV projects smaller than 1 MW are planned to feed into the grid only a maximum of 50% of the peak capacity generated under the Netherlands’ SDE++ 2023 as the country plans to expand this feature from PV projects of over 1 MW as was allowed in 2022 round, according to the country’s minister for Climate and Energy, Rob Jetten.

6. US government releases $1 billion of energy resilience relief for Puerto Rico

The US Department of Energy’s Grid Deployment Office released a request for information (RFI) this week to gather feedback from stakeholders in Puerto Rico on how to allocate $1 billion managed through the Puerto Rico Energy Resilience Fund (PR-ERF).