Weekly Update (Mar 8)
Astronergy news this week：
1.??Happy International?Women’s Day from Astronergy!
Astronergy is proud to have an outstanding team of talented women who continue to drive innovation and lead with excellence. To all the amazing women at Astronergy and beyond!
Thank you for your hard work, dedication, and leadership! Keep shining in your way today and every day!
2.??Astronergy has officially joined the?Women’s Empowerment Principles?(WEPs)!
We are thrilled to announce that Astronergy has officially joined the?Women’s Empowerment Principles?(WEPs)!
Dr. Chuan Lu, Chairman & CEO at Astronergy, highlighted that "Our commitment to diversity, equity, and inclusion is a critical move for us to help remove structural barriers for women and fill the gender gap. As an enterprise, we have the responsibility to help build an equitable environment for everyone. That is a goal of the Astronergy Sustainability Strategy and is a firm action we should take, for a greener and sustainable world."
By joining the WEPs, Astronergy is taking a significant step towards creating an inclusive environment where everyone can thrive. By 2035, our goal is to achieve a female employee proportion of 40%, with 30% in senior management and 30% among technicians.
Look forward to making more meaningful contributions together with the WEPs initiative!
3.??Highlights from Astronergy’s experience at Energyear Chile 2024!
Mauricio González Méndez, Astronergy's Country Manager in Chile, joined the event as a panelist in the discussion titled "Revolutions, Efficiency, Performance, and Economic Competitiveness for Solar Photovoltaic Energy Production in Chile."
During the engaging panel session, Mauricio dived deep into the technical advancements of our module products, shedding light on the differences between p-type and n-type PV modules. By leveraging Astronergy's self-developed TOPCon 4.0 cell technology and other innovative technologies such as ZBB, light redirecting film, non-destructive cutting technology, our ASTRO N n-type TOPCon PV modules stand out with higher efficiency, enhanced reliability, and optimal BOS and LCOE costs.
Mauricio also provided invaluable insights into Astronergy's market strategy in Chile. From monofacial to bifacial PV modules with various power outputs, Astronergy has offered a diverse product portfolio tailored to meet the needs of local clients and their projects.
It was great to engage in such a thought-provoking discussion and you can find more details about our products at?www.astronergy.com!
4.??NET ZERO MEA 2024 recap
We were honored to be awarded the Tier 1 Award and had the opportunity to share the excellent performance of our module products at NET ZERO MEA 2024 in Dubai!
Powered by TOPCon 4.0 cell technology, ASTRO N7 n-type TOPCon PV modules can achieve an average cell efficiency of 26.15% in mass production, and it is an ideal choice for utility-scale solar plants with power up to 620W. By incorporating large-size rectangular silicon wafers, ASTRO N7 can effectively reduce BOS costs for our customers.
The MEA region is a key market for Astronergy with abundant solar resources and remarkable growth. We aim to be a reliable module supplier for local businesses and anticipate more solar projects in the region supported by our high-efficiency PV modules.
Join us in our mission to create a sustainable and net-zero carbon world with solar power!
5.??Welcome Astronergy Europe Team coming back to HQ!
On March 4th, our EU colleagues embarked on an exciting journey at Astronergy's branch in Hangzhou, China. From training sessions on our products and technologies, to engaging discussions on ESG topics, every moment was filled with learning and connection.
Our Europe Team also paid a factory tour to Astronergy Haining Manufacturing Base, where they had the opportunity to dive?into the complicated?production processes of our advanced PV modules. From the initial stages to the final assembly and testing, our team gained an in-depth understanding of our commitment to quality and sustainability.
We're thrilled to have everyone back home, and stay tuned for more highlights coming next week!
6.??YOYO Talk: 24 Solar Terms-Awakening of Insects
Awakening of Insects (Chinese: 惊蛰), the third solar term in the year, marks a time of new beginnings and renewal, as the earth begins to come back to life and rainfall increases from March 5th.
Our module products, boasting outstanding low-irradiation performance, can guarantee consistent power generation even on cloudy and rainy days.
Astronergy ASTRO N n-type TOPCon PV modules demonstrate an impressive 97.8% low irradiation performance at 200W/㎡, which is 1%+ higher than PERC module products. This excellent performance ensures that our PV modules can achieve optimal power generation under low light conditions.
Visit us at?www.astronergy.com?for more exciting features of our module products! Let's create a sustainable and net-zero carbon world with solar power!
7.??Smart Energy Council?2024 Expo highlights
We had an incredible time at the?Smart Energy Council?2024 Expo in Sydney showcasing our ASTRO N5 PV products! Astronergy proudly sponsored our distributors?Raystech Group Australia,?Solar Juice Pty Ltd, and?Krannich Solar Group, allowing us to increase brand visibility and connect with local customers.
ASTRO N5 n-type TOPCon module products offer higher energy yield and high reliability, making them perfect for both residential and C&I solar projects. It was a fantastic networking opportunity with industry professionals and we are thrilled to have gained recognition in the market.
Thank you to everyone who visited our booth and showed interest in our cutting-edge solar solutions.
8.??Activity reminder: ?PV CellTech Europe 2024
Join?Dr. Yi Deng, our Europe Product and Technical Service Manager, as he will speak at PV CellTech Europe 2024 to share Astronergy's roadmap about increasing cell and module efficiencies.
Time: 2:00-3:30 PM, March 12th (UTC+1)
Register now using the code "SPEAKER20" to receive an exclusive 20% discount on your ticket!?https://lnkd.in/erbMvWNt
9.??Activity reminder: Power Earth Summit 2024
Are you ready to meet Astronergy at the Power Earth Summit 2024 in France? This international summit serves as a pivotal platform for companies, project leaders, and policymakers to collaborate on accelerating the global energy transition.
Olivier REMOND, Astronergy Country Manager France, and?Ali Ghaouti, our Head of DG Business Europe, will represent Astronergy at this event from March 13th to 15th. They will actively engage in discussions, forging partnerships, showcasing our advanced module products and our commitment to a sustainable future.
Don't miss the chance to connect with us at Booth A4! Let's join together at the Power Earth Summit 2024 to drive positive change!?www.powrsummit.earth/en
PV market news this week：
Indian Cabinet has given its seal of approval to the government’s flagship rooftop solar scheme. It will target to achieve 30 GW installed PV capacity with a total outlay of INR 750 billion. Households will get up to 300 units of free electricity per month with their rooftop solar systems and can also earn extra income by selling surplus to discoms.
The government of Zimbabwe has approved a $45 million fund for renewable energy projects. The announcement coincides with the licensing of 10 independent power producers to generate 271 MW of renewable energy, including 116 MW of solar.
Italy’s most significant event for renewable energy took place last week in Rimini, witnessing a 41% increase in visitors and approximately 30% growth in the number of participating brands. This reflects the sustained growth of the Italian PV sector and underscores the expansion of the trade show, now ranking as Europe’s second-largest PV event after Germany’s SmarterE – Intersolar.
Pexapark, a Swiss consulting firm, reports that the new year began with 'robust activity' in power purchase agreements (PPAs). According to their findings, lower power and commodity prices contributed to a 12.8% month-on-month decline in all tracked PPA prices.
The European Parliament and the European Council have reached a provisional agreement on forced labor, aiming to ban products made with forced labor from the European Union pending parliamentary approval. Member countries will have three years to enforce the new provisions.
Italy's new provisions state that fiscal credits can be awarded to PV project developers who utilize solar panels manufactured in the European Union, provided that the module efficiency ratings exceed 21.5%, or the cell efficiencies surpass 23.5%. These fiscal credits will cover up to 35% of panel prices.
The government of the Maldives has initiated a 12.5 MWp grid-tied solar tender, aiming to install PV systems across selected islands. The deadline for registrations is July 4th.
The European Commission has approved a €350 million ($380.4 million) funding package to support companies in Portugal that produce solar panels, batteries, heat pumps, and other renewable energy equipment. This plan is designed to facilitate the country’s transition to a net-zero economy.
The French Ministry of Ecological Transition has published the results of the fifth round of the Programmation Pluriannuelle de l'Energie (PPE2) ground-mounted PV tender. It has awarded a total capacity of 911.5 MW to 92 projects.
Analysis from research firm Wood Mackenzie shows that solar remained the most awarded form of renewable energy in government tenders last year, but its share of the total volume dropped from 59% to 44%. In 2024, government tenders are predicted to at least match the levels seen in 2023.