Weekly Update (January 17)

Astronergy news this week:

1.??ASTRO N Series obtained Singapore COC with Class A Fire Rating

Exciting announcement! ASTRO N Series obtained Singapore Certificate of Conformity (COC) with Scheme Type 5 Class A Fire Rating for the first time! This demonstrates the outstanding fireproof performance and highlights our commitment to product reliability.

Featuring TOPCon 4.0 solar cell technology, light redirecting film, non-destructive cutting,?and high-density encapsulation technologies, ASTRO N Series products deliver high single-watt power generation, excellent low-irradiance performance, better thermal cycling stability, lower LID and LETID, etc.

All these features guarantee the fire resistance of ASTRO N Series products and enhance power generation efficiency for our customers. In the future, Astronergy will continue to innovate and optimize its ASTRO N PV modules, pursuing higher standards for global market access.

2.??ASTRO N7s ZBB-TOPCon modules obtained three reliability certificates from TüV NORD

We are proud to announce that ASTRO N7s ZBB-TOPCon module products were awarded three reliability certificates from TüV NORD, including the world's first UVID-Free certificate, IEC TS 63126 Extended High Temperature (Level 2) certificate, and IEC 62892 Extended Thermal Cycling certificate!

Astronergy leads the industry as the first manufacturer to achieve mass production of ZBB-TOPCon PV modules. These awards highlight the exceptional quality and reliability of our modules in high-UV and high-temperature environments, setting a new benchmark for the industry.

We believe that ZBB-TOPCon modules will drive the next innovation trend and become mainstream. With continuous technological innovation, Astronergy is not just providing customers with first-rate solutions but creating a greener world for all!

Find more product details: www.astronergy.com/product-series.

3.??Astronergy Globa Projects--319MW ASTRO N5 PV Modules power up China Datang Corporation's "Solar Thermal + PV"Power Station

By the end of December 2024, Astronergy celebrated the successful grid connection of this project. 540,000 pieces of ASTRO N5 PV modules shine across the vast Gobi Desert in Northwest China, bringing green energy to the local region.

With remarkable reliability certified by RETC and other leading organizations, ASTRO N5 performs well in extreme desert climates, enduring dry and hot conditions, and sandstorms while maintaining exceptional efficiency.

It is expected to generate 2.19 billion kWh of electricity annually, saving around 1.5 million tons of CO2 emissions every year. It's not only an example to help enhance local energy stability, but also contributes to accelerating low-carbon development.

4.??Astronergy Globa Projects--20.6MW supply agreement in Turkey

We are pleased to sign a 20.6MW supply agreement with Sampa Automotive, one of the leading brands in Turkey's automotive sector! Astronergy will provide our locally produced TOPCon PV modules to Sampa Automotive for their land project in Erzurum.

This partnership is a powerful demonstration of our shared commitment to sustainability. As Turkey continues to enhance its resilience to the impacts of climate change, Astronergy is dedicated to driving the adoption of green energy in Turkey.

By choosing locally produced modules, we?will offer high-efficiency and reliable TOPCon PV modules that are tailored to meet the diverse needs of the Turkish market. Stay tuned for more updates on this project!

5.??Highlights of Astronergy at World Future Energy Summit

From January 14th to 16th, we were thrilled to participate in the World Future Energy Summit 2025 in Abu Dhabi!

In the Middle East region where heat and dryness pose challenges for solar modules, Astronergy's ASTRO N7 n-type PV modules will be ideal choices. ASTRO N7 passed the dust and sand test from TüV NORD following IEC 60068-2-68 standard. Additionally, ASTRO N7 also passed the UVID220 test by RETC with an ultra-low degradation rate of less than 2%, proving their exceptional performance and reliability even in the harshest conditions.

Astronergy is committed to expanding in the Middle East, offering one-stop services from product sales, and project management to technical support and on-site services. We will deliver high-efficiency and reliable solar solutions to help the region achieve its sustainability goals.

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PV market news this week：

1.???Czechia approves new laws for agrivoltaics

Czechia?has introduced new legislation for deploying agrivoltaics. The?law, effective from the start of this year, builds on initial measures?introduced?in May 2024. The newly approved measures permit agrivoltaics to be installed on six crop types, including vineyards, hopyards, orchards, tree nurseries, crops in containers and truffle areas.

2.??Italy increases incentives for EU-made solar modules

Italy has expanded incentives for PV projects using EU-made modules under its Transizione 5.0 Tax Credit scheme, offering up to 35% coverage and higher calculation bases for high-efficiency cells and modules.

3.??India adds record 24.5 GW of solar in 2024

India added 24.5 GW of solar and 3.4 GW of wind capacity in 2024, doubling solar installations and increasing wind capacity by 21% from 2023, according to JMK Research & Analytics.

4.??Sweden adds 1 GW of solar in 2024

Sweden?added around 1 GW of solar in 2024, according to provisional figures?from Swedish solar energy association Svensk Solenergi. Svensk Solenergi said it expects around 470 MW of last year’s additional solar to come from the residential market, which currently accounts for about 60% of the country’s cumulative capacity.

5.??Higher gas prices drive some European electricity prices upwards

AleaSoft Energy Forecasting says TTF gas futures hit their highest settlement price since October 2023 in early January 2025, driving up electricity prices in several major European markets.

6.??Romania’s Electrica launches solar tenders

Romanian utility Electrica Group has launched two solar tenders, including a 62.5 MW project open for applications until Jan. 31 and a 77.6 MW project open until Feb. 17.

7.??Three Gorges opens bids for 2.5 GW of n-type TOPCon

Three Gorges Group has opened bidding for 2.5 GW of 580 Wp and above n-type TOPCon solar modules. The 29 participating companies submitted bids averaging CNY 0.7012 ($0.096)/W, with the procurement framework running through mid-2025.

8.??Masdar, EWEC announce 5 GW/19 GWh solar-plus-storage project in Abu Dhabi

Masdar and Emirates Water and Electricity Co. (EWEC) plan to build a $6 billion, 5 GW/19 GWh solar-plus-storage project in Abu Dhabi, with operations set to start by 2027.

9.??Argentina achieves renewables record in November with installed solar at nearly 2 GW

Renewable energy sources accounted for a total generation of 2,249 GW/h, of which 68% came from wind and almost 20% from photovoltaics, according to a report from the Argentine Wholesale Electricity Market Clearing Company. In addition, PV capacity is expected to surpass 2 GW in the coming months.

10.? PV capacity reaches 52 GW in Brazil

According to the Brazilian Association of Photovoltaic Solar Energy (ABSolar), The recent increase in import taxes, however, is hampering that growth, the association warns. The balance sheet takes into account the sum of distributed solar generation, with 34.8 GW, and large solar plants, with 17.4 GW.

11.? Energy communities reach combined capacity of 74 MW in France

According to French grid operator Enedis' newly published figures for the last quarter of 2024, France had a total of 698 active collective self-consumption operations with a combined capacity of 74 MW.?

12.? South Korea’s new solar installations hit 2.5 GW in 2024

South Korea installed 2.5 GW of new solar capacity in 2024, bringing its cumulative PV capacity to more than 29.5 GW, according to the Korean Energy Agency.

13.? Australia’s rooftop solar market ends 2024 on high

Australia’s rooftop solar market finished 2024 on a high, with about 309 MW of monthly installations delivering one of the best December totals in recent years and putting the national trend back on the up.