News

Uzbekistan’s first utility-scale PV power plant was formally connected to the grid this early September, according to reports from various energy news websites. ...  more

It has been less than three days since Hertz announced its purchase of 100K Tesla models, and we now know that half of the purchase will go to Uber. ...  more

Local Chinese news outlets reported on October 20 that Shanxi Huachu Photoelectric and Suzhou Horad New Energy Equipment have entered into an agreement to jointly develop a 5GW smart turnkey PV module manufacturing project. The agreement was signed by Huachu chairman Yan Chunming and Xie Leilei, director of Horad’s global marketing center. Yan is also the director of the new energy business unit at Huayang New Material Technology and the CEO of Shanxi Xinyang Clean Energy. ...  more

Indian industrial conglomerate Reliance Industries Ltd. (RIL) announced on October 10 that it will be acquiring REC Group from China National Bluestar for US$771 million. The acquisition will proceed through Reliance New Energy Solar (RNES), a subsidiary of the conglomerate. The deal represents a significant step forward in RIL’s plan to become a major player in the PV industry and make India an exporter of PV products. ...  more

Will there be an energy crisis in Japan during winter time this year? The Ministry of Economy, Trade and Industry estimates the power supply for winter this year to be the harshest in 10 years as 7 regions are expected to have a reserve capacity of merely 3%. ...  more

Renowned Swedish auto manufacturer AB Volvo has released its first vehicle made with “green steel” that contains no fossil fuel, and now the company will be releasing more green concept-driven models in 2022. ...  more

Three years have passed since GE Renewable Energy announced its largest offshore wind turbine Haliade-X, and now the prototype of GE’s latest and most powerful 14MW wind turbine has started to operate in Rotterdam of the Netherlands. ...  more

Rapidly rising prices in the upstream sections of the PV product supply chain have created enormous pressure on suppliers for PV modules this year. In some cases, prices have doubled for polysilicon orders. This, in turn, has led to corresponding increases in prices of wafers and cells. ...  more

Chinese news outlets reported recently that Haitai Solar has formally decided to invest RMB 5 billion to set up a manufacturing base for HJT cell and modules in the Yancheng Economic Development Zone of Jiangsu Province. The landing of this project is another success for the city of Yancheng that has been pursuing an aggressive economic development strategy and seeking become the “Solar Valley” of China. ...  more