Weekly Update (Dec 1)
Astronergy news this week：
1. Astronergy Leadership Insights at BloombergNEF Summit Shanghai
On November 27th, Dr. Chuan Lu, President & CEO at Astronergy, was invited to the BloombergNEF Summit in Shanghai. He inspired the audience with his vision of a bright future for the PV industry.
Dr. Lu shared Astronergy's commitment to enhancing management efficiency and pursuing technological advancements. He explained that we would strive to reduce the cost per kWh of our module products, which should be a strategic focus shared by all the PV companies.
Beyond that, Dr. Lu also highlighted the importance of establishing stable trading rules for the power system. This move will significantly boost the installation demand in China's PV market. Through collaborative efforts, Astronergy believes we can build a brighter and more sustainable future for all!
2. Introducing Two Utility-scale Solar Projects in Chile
Located in Coquimbo, Chile, both PFV Rayador Solar PV Park and Las Taguas Solar PV Park are powered by ASTRO N5 PV modules, with a capacity of 12.25 MW and 12.25MW respectively.
Together, the two projects are set to generate an average annual clean electricity of 44.66 GWh, reducing an impressive 3,623 tons of carbon dioxide by the end of 2023.
Beyond ecological impact, the two projects will also bring economic benefits. We are proud to contribute to the local community by bringing around 155 job opportunities. It's a win-win for the environment and the people!
3. PV ModuleTech Conference Europe 2023 Recap
On November 28th, Dr. Yi Deng, our Europe Product and Technical Service Manager, Global Technical Service, delivered an informative speech at the PV ModuleTech Conference Europe 2023. He introduced Astronergy's latest PV modules and our cutting-edge solar technologies.
In his speech, Dr. Deng also highlighted the diverse application scenarios of our ASTRO N n-type TOPCon PV modules. Tailored for global residential markets, the ZBB-TF ASTRO N7s PV modules stand out with a module efficiency of 23% and a cell efficiency surpassing 25.75%. Beyond excellent performance, they are lightweight with just 21.5 kg, making them easier to install for households.
This event provided a great opportunity to connect with industry experts and potential partners in Europe. We look forward to serving more European customers with our reliable and highly efficient products!
4. Samuel Zhang’s Interview with SolarQuarter
In his recent interview with SolarQuarter, Samuel Zhang, CMO at Astronergy, shared his insights on Astronergy's marketing strategies in the Middle East.
Samuel noted that the Middle East is a key market for Astronergy and we're actively exploring local presence in the region. In a landscape characterized by high product availability, Astronergy focuses on product excellence, a strong presence, and financial strength. This approach makes Astronergy a reliable module supplier, ensuring the company remains competitive in the region.
To learn more about Astronergy's strategies, check out the article below!
5. Astronergy Is Bringing the World Tour to Germany!
Save the Date! Join us at the Solar Party Germany on December 7th in Berlin!
We're bringing together industry leaders and local partners for a deep dive into the global PV market. Moreover, we will also introduce the incredible features of our ASTRO N7 and ASTRO N7s n-type TOPCon PV modules, and help audiences understand how these products will benefit the European market.
It's going to be an exciting and insightful gathering for all solar enthusiasts in Europe. Stay tuned for more updates!
6. “GlocalIN Top50 Brands” Recognition by MIT Technology Review China, DeepTech, and LinkedIn China
We were delighted to announce that Astronergy had been selected as one of the 'GlocalIN Top50 Brands' by MIT Technology Review China, DeepTech, and LinkedIn China 领英中国!
As a Tier-1 PV module manufacturer, Astronergy's global team is rapidly growing with businesses in over 140 countries and regions. Our consistent excellence is highlighted by being rated as a "TOP Performer" by PV Evolution Labs on seven occasions, and securing a remarkable TOP 6 ranking in global module shipments for the first half of 2023.
Looking ahead, we will remain committed to technological innovation, ensuring sustained leadership in the dynamic solar energy industry. Brace yourself for more innovative strides from Astronergy!
7. Forbes China Top 50 ESG Innovative Enterprise
Astronergy was honored to be featured on Forbes China Top 50 ESG Innovative Enterprise List! This list seeks to highlight the best practices of Chinese enterprises in the ESG field, and showcase their exceptional contributions to regional and global challenges.
We actively work to minimize our products' environmental footprint and make them more eco-friendly. In 2023, we completed our first zero-carbon factory certified by TÜV Rheinland in the PV industry, marking a significant step in achieving carbon neutrality by 2050.
In the future, we are firmly committed to participating in global ESG initiatives and driving positive change in the industry. A heartfelt thank you to Forbes China for this recognition!
8. How do you define "Sustainability"-Part 3
What is your vision for a sustainable world? Check out Part 3 of our video series to hear from our passionate employees about their dreams for a greener planet!
Join us on this inspiring journey towards a sustainable world. Let's make a difference together!
PV market news this week：
1. European Commission Approves Italy’s and Hungary’s Renewable Energy Schemes
The European Commission (EC) has approved this week Italy’s and Hungary’s aid schemes to support renewable energy projects. Under the Recovery and Resilience Facility (RRF), which will partly fund the scheme, Italy will allocate €5.7 billion (US$6.2 billion) to support renewable energy communities and self-consumers.
2. France Adds 2.2 GW of Solar in the First 9 Months of 2023
France's Ministry of Ecological Transition has reported that around 2,229 MW of new PV systems were connected to the French grid in the January-September period. In the same period a year earlier, the country added 1,923 MW of new PV capacity. Full-year installations hit 2.4 GW of new solar in 2022.
3. Japan’s 18th Solar Auction Concludes
Japan's Green Investment Promotion Organization has released the final results of the latest auction for utility-scale solar energy projects. The state-run agency said that 105 MW of PV projects were selected in the procurement exercise. It was Japan's eighteenth auction for utility-scale solar and was expected to assign 177.7 MW of generating capacity.
4. EUPD Pegs 2023 EU Solar PV Installations At 60 GW
EUPD Research has shown that solar module oversupply in the EU is a real concern and estimates Chinese module export to the EU at around 87 GW by the end of 2023. At the same time, it expects actual installations this year to settle at around 60 GW, and in 2024 between 65 GW and 75 GW.
5. Clean Energy Council Notes Decline in Australian Renewable Energy Investment
Utility-scale renewables in Australia are in dire straits, with a new Clean Energy Council report saying that 2023 is shaping up as “the worst year for large-scale renewable energy investment” since it began tracking data in 2017.