Weekly Update (September 27)

Astronergy news this week:

1.??Astronergy is pioneering in ZBB-TOPCon technology with large-size module products

We are thrilled to announce the official mass production of Astronergy’s large-size ZBB-TOPCon PV module series, including ASTRO N 72-cell and ASTRO N 78-cell ZBB-TOPCon PV modules!

Transitioning from small-size to large-size ZBB-TOPCon PV modules demonstrates Astronergy’s dedication to technological innovation, which will greatly enhance the adaptability of our products to meet the diverse needs of global clients.?

With more and thinner ribbons, we increase the light absorption area of PV cells and reduce hidden cracks by leveraging ZBB technology. The manufacturing process produces no flux or VOCs emissions, making our PV modules more eco-friendly.

We plan to produce 6 GW of large-size ZBB-TOPCon PV modules in 2024, and please stay tuned for more updates from Astronergy!

2.???Astronergy Project Cases--Nederlands 25MW Solar Parks

Astronergy's TOPCon PV modules shine in the Nederlands! On September 21st, together with our EPC partner TPSolar Nederland B.V. ., we celebrated the successful grid connection of two solar projects in Beuningen using ASTRO N5 n-type TOPCon PV modules!

Totaling an installed capacity of 25MW, Ficarystraat Solar Park and Schoenaker Solar Park are expected to generate 28.1 GWh of green electricity and will help save carbon emissions for around 7,600 tons annually.

As perfect examples of “Solar+Agriculture”, these two projects allow sheep and mushrooms to thrive under the solar modules, contributing to local biodiversity. Join us for the video now to enjoy the beauty of these projects!

3.??Highlights of Astronergy at Energyear Caribe

From September 18th to 19th, Astronergy participated in Energyear Caribe, joining the panel discussion on "Synergy in Motion: Solar Panels and Structures Adapting to Change," featuring Juan Camilo Navarrete , our Sales Director Latam.

Juan Camilo Navarrete highlighted?the evolution of our TOPCon module products and our dedication to R&D. He mentioned that Astronergy has actively collaborated with companies in the Dominican Republic to deliver over 400MW PV modules for utility-scale projects and distributed applications. Currently, Astronergy is working closely with many clients in their solar system design, fulfilling the goal of being the most competitive solution provider for local projects.

Astronergy’s presence at Energyear Caribe demonstrates our commitment to supporting the energy transition in LATAM. Find more details about our module products that will transform your sustainable efforts: www.astronergy.com.cn/es .

4.??Solar & Storage Live UK 2024 Recap

A brilliant time at Solar & Storage Live UK! Astronergy is excited to showcase our latest module products, including ASTRO N7 and ASTRO N7s n-type TOPCon PV modules, to the British market!

For clients in need of solar solutions for large-scale projects, ASTRO N7 will be an ideal choice. Equipped with TOPCon 4.0 cell technology, rectangular wafers and SMBB technology, ASTRO N7 can deliver an impressive power output of 630W, ensuring higher conversion efficiency and increased reliability.

For distributed applications, ASTRO N7s ZBB-TF TOPCon PV modules combine sustainability and style together. They are more lightweight and easy for one-person installation. By introducing no harpoon-like grid lines and TF technology, ASTRO N7s is an eco-friendly solution for rooftop projects with an aesthetic appearance.

Find more about our products here www.astronergy.com/product-series ! Let's work together to accelerate the adoption of solar energy for a cleaner and greener future!

5.??Upcoming event: Solar Ireland 2024

-Time: October 1st, 2024

-Registration link: https://solarirelandisea.ie/

-Our Speaker: Simon Baggaley UK & Ireland Country Manager at Astronergy

6.??Upcoming event: PV CellTech Conference USA

-Time: October 8th-9th, 2024

-Registration link: https://www.pvtechconferences.com/pv-celltech-usa/

7.??Upcoming event: IGEM in Malaysia

-Time: October 9th-11th, 2024

-Booth: Hall 1, 1711

-Registration link: https://www.igem.my/

PV market news this week：

1.??Poland’s state aid scheme for RE component manufacturing cleared

The EU has approved the Polish state aid scheme worth €1.2 billion to support local manufacturing. It will back the production of renewable energy equipment including solar panels and cells. State support under the scheme will be provided till December 31, 2024, in the form of direct grants.

2.??Jordan launches rebate scheme for residential PV

The Jordanian government says it will cover up to 30% of the cost of buying and installing residential PV systems through its new rebate scheme.

3.??India’s NHPC tenders 2.4 GW of solar-plus-storage projects

NHPC Ltd. has launched a tender to select developers for 1.2 GW of grid-connected solar projects with energy storage systems (ESS). It also includes an option for up to 1.2 GW of additional PV capacity with ESS.

4.??Vietnam to launch new net-metering scheme for rooftop solar

Vietnam has announced plans to introduce a new net-metering scheme for rooftop PV installations next week, according to state-run news outlet Baochinhphu. The government said that excess PV electricity sold to the grid may not exceed 20% of the power generated by a rooftop PV installation – an increase from the previous threshold of 10%.

5.??Masdar to Acquire Saeta from Brookfield for $1.4 Billion

Abu Dhabi Future Energy Company PJSC - Masdar, the UAE’s clean energy powerhouse, announced on September 24th the proposed acquisition of Saeta Yield (“Saeta”) from Brookfield Renewable, together with its institutional partners, for an implied enterprise value of c. US$1.4 billion (€1.2 billion). Closing of the transaction is subject to customary approvals and is expected to occur around the end of 2024.