News

California had previously stipulated a target of attaining 100% zero-carbon electricity or power supply through renewable energy by 2045, and the state had temporarily approached its target several days ago, where the power generation through renewable energy fulfilled the demand for the first time. ...  more

Electric vehicle start-up Rivian has won a US$1.5 billion grant from the Georgia state government to build a new factory with an annual capacity of 400,000 vehicles and an estimated 7,500 new jobs in what appears to be a win-win. ...  more

Beiyuan Group announced in late April that it will be setting up 300MW of PV generation in Yulin, a prefecture-level city in China’s Shaanxi Province. ...  more

In the face of inflation, China’s lockdown measures, and supply chain issues, Delta commented at the investor’s conference that the company is expected to remain on a double-digit growth this year amidst robust dynamics in EVs and servers. ...  more

Indonesian IPP Quantum Power Asia and Germany PV project developer Ib Vogt (stylized as “ib vogt”) have jointly proposed a plan to set up 3.5GW of PV generation capacity and 12GWh of energy storage capacity in Indonesia’s Riau Archipelago. The total investment in the project is estimated around USD 5 billion (or EUR 4.64 billion). Once in operation, the project will supply electricity to end users in Singapore rather than those in Indonesia. This story was first reported by other renewable energy news websites. ...  more

Xinjiang’s Department of Industry and Information Technology announced in late April that a hearing will be held on a proposed project for the manufacturing of ultra-thin glass panels for PV modules. The developer of the project is Hoshine Group (Hoshine Silicon Industry Co. Ltd.) that is now enlarging its portfolio to include products for PV applications. ...  more

In order to compensate for the capacity shortage caused by Shanghai's lockdowns, and to ensure that its 2nd quarter financial report would not look too bad, Tesla has recently given an all-out effort to expand the capacity at its California factory. As pointed out by an analyst from Global Equity Research in its latest memorandum, this automaker is preparing an astonishingly huge production in the second quarter. The capacity of Gigafactory in Northern California recently exceeded its limit by 20%. ...  more

Orsted hosted an online ceremony today (3rd) to celebrate the scheduled completion and operation for the two onshore substations of the first phase of the 900MW Greater Changhua Southeast and Southwest Offshore Wind Farm that is the largest wind farm in Taiwan. ...  more

International private equity fund KKR announced today the establishment of Aster Renewable, a renewable energy platform engaged in the development, construction, and operation of solar photovoltaic, wind power, and energy storage systems. The investment business started in Taiwan and Vietnam and will expand to other Asian markets in the future. Aster announced that the capital injection into Aster Taiwan was officially established and Adam Huang was appointed as the general manager of Taiwan. ...  more

Solid-state batteries are regarded as the main direction in the development of the next generation of EV batteries due to their potential advantages such as higher energy density, smaller form factor, and lower safety risk. Hence, many carmakers and battery manufacturers around the world have been ramping up efforts in the related R&D. ...  more