Weekly Update (July 7)

Astronergy market news this week

1. Astronergy modules stably generating at Europe’s largest TOPCon PV plant

We are thrilled to announce the successful inauguration of the D?llen solar farm, Europe's largest n-type TOPCon solar farm in Germany! The ceremony, held on June 30th, marked a significant milestone for Astronergy as we continue to benefit the European market with our PV modules.

The D?llen solar farm, powered by 154.4MW of ASTRO N TOPCon PV modules, has been completed and connected to the grid since April 2023. It is expected to supply more than 150,000MWh of green electricity per year.

2. Astronergy's Advantages & European Market Potential: Interview with Samuel Zhang, CMO of Astronergy

During the Intersolar Europe, Samuel had an interview with Review Energy to share:

?What is Astronergy's vision of Germany, the UK, and other countries in Europe?

?How Astronergy's unique competitive advantages have enabled the company to stand out in the global PV market?

?What are the opportunities that the European market offers to Astronergy?

Join Samuel for this informative interview and gain more insights about Astronergy's global strategies, innovations, and market positioning that have propelled the company's success!

3. Astronergy Project Cases -- Bulgaria Terasol 110MW Solar Park

Terasol Solar Park project is located in Hristeni, Bulgaria with an impressive capacity exceeding 110MW powered by Astronergy's ASTRO 5 PV modules.

It is expected to generate an estimated 148,744 kWh of clean electricity each year. The impact is significant - a remarkable reduction of 119,739 tons of carbon dioxide, contributing to a greener and cleaner world.

4. Astronergy TOPCon 3.0 technology has reached new heights

Thanks to our R&D team and manufacturing team, Astronergy's n-type TOPCon cells have surpassed an average efficiency of 25.6% in mass production! But that's not all! Our pilot production batches have achieved the highest average efficiency of 25.85%!

Looking ahead, we remain steadfast in our pursuit of technological advancements and continue to lead the way in developing n-type TOPCon cells and modules.

PV market news this week

1. Volkswagen France commissions 20 MW solar carport project

Volkswagen Group France (VGF), a unit of German automaker Volkswagen, has commissioned a PV plant on a carport at its headquarters in Villers-Cotterêts, in the Hauts-de-France region of northern France.

2. Solar development firm aims to expand capacity to 2GW in the US

US solar development company Hawthorne Renewables has announced its launch, planning to operate 2GW of solar assets and invest US$250 million in the US market next several years.

3. JUWI building 400MW of South African solar PV

German-headquartered renewables company JUWI Renewable Energies has revealed 400MW worth of engineering, procurement and construction (EPC) contracts for solar PV projects to power mines in South Africa.

4. Primoris awarded 1.4GW of solar PV EPC in Southwest US

Specialty contracting company Primoris Services has been awarded 1.4GW of solar projects in the Southwest US. The engineering, procurement and construction (EPC) contract is for three utility-scale solar plants with an estimated value of nearly US$770 million, which was secured by the company’s energy segment.

5. Portugal aims to install 20.4 GW of solar by 2030

Portugal has announced revisions to the 2030 National Energy and Climate Plan (PNEC) under the slogan “a greener country, sooner.” The updated energy strategy aims for 80% of electricity in the country to be renewable by 2026, and 85% by 2030. The revised plan sets a target of 20.4 GW of operational PV systems in 2030, with 14.9 GW for utility-scale plants and 5.5 GW for distributed generation.?

6. South Korea announces results of latest nationwide solar inspections

This is the second investigation by South Korean authorities on renewable energy subsidy allocation. The first investigation identified 2,267 cases of illegal fund management across 12 local governments during the previous government's five-year period.

7. Italy Raising Renewable Energy Ambition

Italy is looking at revising its renewable energy target for 2030 under a revised NECP. It aims for renewables share in the national electricity consumption to increase to 65%. The revised proposal has been dispatched to the EU which, after all necessary inputs are in, will become final by June 2024.

8. Ireland Expanding Microgeneration PV Scheme

Ireland has amended its Non-Domestic Microgeneration Scheme to also support installations larger than 6 kW. It will open up state grants under the scheme to a large number of entities, thus expanding solar’s reach. Financial support to be offered is expected to bring down payback time to 5 years.

9. BP worked?with the Azerbaijan government to build a 240MW?PV plant

the Ministry of Energy of Azerbaijan and bp signed an executive agreement on cooperation in the field of evaluation and implementation of a 240 MW solar power plant construction project in the Zangilan-Jabrayil zone in June 2022.

10. Brazil added 4.2 GW of distributed solar in H1

Brazil deployed 4.2 GW of new distributed-generation solar in the first six months of 2023, according to Aneel, the country's regulator. This included the connection of 365,000 new systems to the grid under the net-metering regime.

11. Colombia to decarbonise 290MW coal plant to solar-plus-storage

The Colombian ministry of mining and energy has unveiled that a 290MW coal plant will decarbonise its activity and replace coal production with solar PV generation and energy storage.

12. Oversubscribed Rooftop PV Auction In Germany

Germany has reported an oversubscribed solar auction for its June 1, 2023 rooftop and noise barriers category. Of 155 bids received for 342 MW against 191 MW tendered, it selected 79 bids for 193 MW.

13. Poland to add 14.36 GW of new solar by end of 2025

Poland will more than double its installed PV capacity between 2023 and 2025, according to research institute IEO. pv magazine spoke with IEO researcher Agata Krzy?anowska about the main market drivers, the trajectory of the auction system, and potential grid constraints.