Weekly Update (October 11)
Astronergy news this week:
1.??Astronergy Leadership Insights: Astronergy's "3D" strategy to navigate market fluctuations
#AstronergyLeadershipInsights! In his recent interview with CCTV, Dr. Chuan Lu, Chairman & CEO at Astronergy, shared his insights on the current status and challenges of the solar industry. He emphasized the importance of industry-wide collaboration and outlined Astronergy's "3D" strategy to navigate market fluctuations.
a. Differentiation: Except for competitive pricing, Astronergy also offers other values to our clients through higher product efficiency and reduced LCOE.
b. Downstream: Astronergy expands into downstream businesses to balance our entire value chain and ensure robust financial stability.
c. Diversification: Astronergy has a complete industry chain layout, with investment in PV modules, PV cells, upstream raw materials, and downstream inverters. This will bring us more resilience against market cycles.
Lastly, Dr. Lu concluded that Astronergy will stand firm in our commitment to reshape the global energy landscape through collaborative partnerships and power up a sustainable world where everyone wins.
2.??Amazing event for Astronergy World Tour in Spain
Samuel Zhang, CMO at Astronergy, gave an opening speech and highlighted our dedication to the Spanish market. He said, “With our local team in Spain and the country’s abundant solar resources, we are committed to providing our solar solutions to more public institutions, C&I clients, and end users, accelerating the energy transition!”
Luz Ma, Head of Astronergy Spain, introduced our achievements and module products, including ASTRO N7 and ASTRO N8 n-type TOPCon PV modules to the participants.
Featuring 210mm square wafers and TOPCon 4.0 cell technology, ASTRO N8 boasts a maximum power output of 720W and a conversion efficiency reaching 23.2%. With a larger dimension of 2384m X 1303mm X 33mm and a bifaciality rate of over 80%, ASTRO N8 will become an optimal choice for utility-scale solar stations. Moreover, ASTRO N8 ensures enhanced reliability by passing rigorous tests such as TC, PID, DH, etc.
Thanks to all participants for making this event a great success! Let's create a sustainable and net-zero carbon world with solar power!
3.??Announcement: Astronergy’s strategic partnership with Pinergy
During our participation at Solar & Storage Live UK, Astronergy reached a 40MW framework supply agreement with Pinergy, one of Ireland's leading electricity providers and EPCs! We will provide our high-efficiency TOPCon PV modules to Pinergy for residential, C&I, and utility-scale projects in 2024 and 2025.
Samuel Zhang, CMO at Astronergy, and Ronan Power, CEO at Pinergy, attended the signing ceremony to witness the strategic partnership agreement. Samuel said, “This partnership marks a significant step to expand our footprint in Ireland. Together with Pinergy, we aim to deliver module products that benefit local communities and drive sustainable growth for Ireland.”
4.??Highlights of Astronergy at Solar Ireland 2024
We were proud to join this year's edition of Solar Ireland and it was a huge success! Simon Baggaley, our Country Manager in the UK & Ireland, shared valuable insights during the "Supply Chain and Sustainability" panel discussion. And Nagla Kirkpatrick, our Project Sales Director in the UK & Ireland, delivered a keynote on Astronergy's dedication to traceability and our path to carbon neutrality.
In 2023, Astronergy announced our Sustainability Strategy, aiming to realize carbon neutrality across value chain by 2050.?To enhance our products' traceability and eco-friendliness, we have outlined a comprehensive Green Supply Chain Management system built on Green Suppliers, Green Design, Green Manufacturing, Green Recycling, and Green Data Disclosure.
We have made every effort to build a green and reliable supply chain, not just for us, but for our global clients and partners. We will continue our sustainable efforts to support Ireland to achieve renewable energy targets by 2030.
5.??Executive Solar Dialogues in Cape Town
Hosted by AFSIA (Africa Solar Industry Association) on October 2nd, the 2nd Edition of Executive Solar Dialogues brought together industry leaders to discuss the future of solar energy in Africa.
Lukhanyo mfeketo, our Product Technical Support Manager in South Africa, represented Astronergy and shared valuable insights on current industry trends, our TOPCon technology roadmap, and the exceptional customer service we provide. With advanced technologies like TOPCon 4.0 cell technology, SMBB, light redirecting film, rectangular wafers, and?double AR coating glass, Astronergy's TOPCon PV modules deliver higher efficiency, increased energy yield and reduced degradation. This ensures the reliability and durability that our customers can trust.
Looking ahead, Astronergy is eager to drive the solar revolution in Africa and help local communities harness the full potential of solar energy with our module products.
6.??Upcoming event: ExpoSolar Colombia
ExpoSolar Colombia is almost here! Join Astronergy from October 16th to 18th in Medellín!
Find Astronergy at Booth 8 in the White Pavilion and engage with our expert team for more excellent performances of our high-efficiency TOPCon PV modules!
Don't miss it! We are waiting for you at ExpoSolar Colombia! https://feriaexposolar.com/
7.??Upcoming event: Solar & Storage Live KSA
Welcome to visit Astronergy at Solar & Storage Live KSA! As Saudi Arabia’s largest renewable energy exhibition, this expo will bring together all the solar industry stakeholders to discuss the current technology trends and showcase innovative solutions for a greener future.
What module products can you expect from Astronergy at the expo? Find out more at our booth!
-Time: October 15th-16th
-Booth: J30
Register for free: www.terrapinn.com/exhibition/solar-show-ksa/index.stm.
8.??Upcoming event: Energyear Italy
-Time: October 23rd-24th, 2024
-Registration link: https://energyear.com/en/italia/
9. Upcoming event: All Energy Australia
-Time: October 23rd-24th, 2024
-Booth: KK131
-Registration link: https://www.all-energy.com.au/
PV market news this week：
Gambian utility Nawec is seeking proposals for a 50 MW PV facility planned to be deployed in Soma, south of the River Gambia. The project is part of a broader solar project eventually including unspecified cell storage capacity.
The European Commission has approved a €1 billion state aid scheme for Portugal to invest in the manufacturing of equipment necessary for the country’s transition to a net-zero economy, including solar modules and cells.?
Ten large-scale solar farms planned for New Zealand’s North and South islands are among 22 renewable energy projects with a combined capacity of 3 GW that have been listed for inclusion in the government’s “one-stop shop” fast-track approvals process.
The Australian government has approved 2 new solar farms representing a combined capacity of 800 MW, located in Queensland and New South Wales. Together, these are expected to power 351,000 homes when online.
The IEA-PVPS has released a report analyzing the development of the 2023 power systems market in the United States, defined as all nationally installed terrestrial PV applications with a capacity above 40 GW.
A new policy paper from the African Policy Research Institute (APRI) recommends that Africa adopts a regionalized PV strategy to successfully integrate into the global solar value chain. It warns that without a coordinated approach, individual countries are unlikely to integrate into the global market.?