Weekly Update (June 28)
Astronergy news this week：
1. Astronergy Leadership Insights: Dr. Chuan Lu's Interview with PV Tech
During SNEC PV POWER EXPO 2024, Dr. Chuan Lu, Chairman & CEO at Astronergy, had an interview with David Evans, Operations Director at PV Tech, to provide insights into critical topics including:
Astronergy's strategies to address challenges facing the solar industry
Astronergy's advancements in products and technologies during SNEC
Current PV cell and PV module production capacity
Expectations on global PV installations
This is the interview that you don't want to miss! Watch the full interview now to stay updated with Astronergy's latest developments and future plans!
Read the interview article here: https://lnkd.in/eM332gRk
2. Astronergy World Tour 2024 in Thailand
Hello Thailand! We are bringing the excitement of Astronergy World Tour to Thailand on July 2nd! Prepare for an inspiring event showcasing the latest solar technology and Astronergy's development in Thailand.
Check out the video now! Immerse yourself in the excitement and inspiration that the local community will bring to our journey!
3. Recap of InstallerSHOW in the UK
Thanks to everyone who visited Astronergy at InstallerSHOW in the UK! We showcased various n-type TOPCon PV modules, designed for various applications including utility-scale projects, C&I projects and residential installations.
By using innovative ZBB-TF technology and rectangular silicon wafers, ASTRO N7s PV modules achieve a conversion efficiency of 23.0% and a maximum power of 460W. Compared to PERC modules, ASTRO N7s provides a 5%-6% boost in electricity generation within the same rooftop area. Featuring no harpoon-like grid lines, ASTRO N7s appears more aesthetic with an all-black design and enhanced reliability. Weighing just 21.5 kg, ASTRO N7s is lightweight and easier to install.
Facing the rainy and cloudy weather in the UK, ASTRO N7s has a 97.8% low irradiation performance at 200W/㎡, ensuring that our PV modules can achieve optimal power generation under low light conditions. Besides, double-layer coated glass technology effectively isolates water vapor, guaranteeing the module's durability and longevity.
Astronergy remains dedicated to innovation, making our products versatile to meet evolving demands.
4. Informative highlights from Africa Energy Forum
Astronergy was excited to attend the Africa Energy Forum and brought our advanced n-type TOPCon PV modules to the event.
Stelios Antellis, Head of Global Strategic Cooperation at Astronergy, joined a panel at the event with Ministers of Mining from African countries and African enterprise representatives to discuss how to meet the growing green energy needs in Africa.
Astronergy has been an active player in the African solar market for many years, supporting various solar projects in countries like South Africa, Egypt, and Morocco.
In April 2024, Itimpi PV Power Station in Zambia was successfully connected to the grid powered by Astronergy's high-efficiency PV modules. After commissioning, the project will generate 130 GWh electricity annually and help reduce 122,000 tons carbon emision every year. Except for sustainable impact, this project also created over 1,220 job opportunities, significantly benefiting the local community.
Astronergy aims to achieve carbon neutrality across entire value chain by 2050. From zero carbon factories to green products, we have made every effort to incorporate sustainability into our DNA. In the future, Astronergy will implement more sustainable practices and contribute to the global energy transition.
5. Astronergy Solar Snapshot Q&A Ep.3
During SNEC PV POWER EXPO 2024, Astronergy's booth was buzzed with visitors interacting with our expert team about our advanced n-type TOPCon PV modules.
We were curious about what drew them to the expo and their impression of our products. Here's what we found out! Catch the highlights in Astronergy Solar Snapshot Q&A Episode #3!
6. Astronergy Solar Snapshot Q&A Ep.4
Join Astronergy for the latest episode of our Solar Snapshot Q&A series! In this episode, we interviewed visitors from various countries at Intersolar Europe to see how they pronounce our brand name. It was a delightful experience filled with laughs and engaging interactions!
A huge thanks to everyone who participated and made this episode special! Check out the video now!
7. Upcoming expo: ASEAN Sustainable Energy Week
-Time: July 3th-5th, 2024
-Booth: W1
-Registration link: https://www.asew-expo.com/2024/en/index.asp
8. Upcoming expo: Solar & Storage Live Vietnam
-Time: July 10th-11th, 2024
-Booth: E17
-Registration link: https://www.terrapinn.com/exhibition/solar-storage-live-vietnam/index.stm
PV market news this week：
1. Masdar to acquire 67% stake in Greek renewables company Terna Energy
UAE state-owned renewable energy developer Masdar has reached an agreement to buy a 67% stake in Greece’s Terna Energy. Masdar bought Terna Energy’s stake at €20 (US$21.45) per share. The acquisition price represented an equity valuation of €2.4 billion and an enterprise value of €3.2 billion.
2. Italy allocates 145.5 MW of PV in the latest renewables auction
The Italian authorities have allocated 243.3 MW of renewable capacity in the nation’s 14th procurement exercise for clean energy. Developers have offered a maximum discount ranging between 2% and 5.5% from the auction ceiling price of €0.07746 ($0.083)/kWh. The GSE awarded 145.5 MW of solar capacity across 37 locations and 4 wind projects with an aggregate capacity of 97.8 MW.
3. Saudi Arabia launches ‘unprecedented’ geographical survey of renewable energy sites
As part of the National Renewable Energy Program, the ambitious project will identify the best sites to develop renewable energy projects throughout the country. Contracted companies will install 1,200 stations across all regions of the kingdom to measure solar and wind energy. Beginning this year, Saudi Arabia will tender new renewable energy projects with a capacity of 20 GW annually.
4. Colombia’s La Loma and Fundación PV plants begin commercial operation
Enel Colombia, via its Enel Green Power business line, has announced the start of operation of its 150 MWac La Loma and 90 MWac Fundación plants, located in the departments of César and Magdalena, respectively, after having completed the required technical and regulatory tests.
5. Pope Francis orders agrivoltaic plant to provide Vatican with ‘complete energy sustenance’
In the apostolic letter “Brother Sun,” the pontiff announced the agrivoltaic system for the “complete energy sustenance” of the country. The plant will be built in the countryside of Rome’s 49th district.
6. India records 14.7 GW of new solar in fiscal 2024
India installed about 14.7 GW of solar capacity in fiscal 2024. This included 11.7 GW of utility-scale solar installations and 3 GW of rooftop solar. The top three states for new additions were Gujarat (4.8 GW), Rajasthan (3.4 GW), and Madhya Pradesh (0.8 GW), according to JMK Research & Analytics.