Weekly Update (May 24)
Astronergy news this week：
1. Astronergy Secures Spot on Q2 BloombergNEF Tier 1 List for PV Module Manufacturers!
Astronergy is honored to announce that we secured a spot on the Q2 BloombergNEF Tier 1 List for PV Module Manufacturers!
Currently, Astronergy has built 10 manufacturing factories globally with businesses covering 140 countries and regions. As a pioneer in n-type TOPCon PV modules, all our new production capacity in 2023 adopts n-type TOPCon technology. Looking ahead to 2024, n-type TOPCon technology will contribute to 91% of our total capacity.
Astronergy has met the strict criteria and won this recognition for our dedication to excellence and reliability in delivering high-efficiency module products. Thanks to Bloomberg for the trust in Astronergy! We will keep pursuing product excellence and innovation to contribute to the global energy transition.
2. Thank you to everyone who joined us for Astronergy World Tour 2024 in Islamabad, Pakistan!
Tahir Mahmood, our Country Manager Pakistan started the event by introducing Astronergy's achievements and important milestones. He highlighted Astronergy's comprehensive one-stop service to our valued guests. From order placement, payment, and transportation to delivery and after-sales service, our dedicated local after-sales and technical support teams ensure timely and effective solutions for all customer needs.
Aiden Huang, our Regional Global Technical Service Manager, presented our innovative ASTRO N7 n-type TOPCon PV modules with power output up to 625W. ASTRO N7 features an optimized backside film structure and grid line design, achieving a bifacial rate of up to 80% and enhanced backside power generation. With a better temperature coefficient and higher reliability, ASTRO N7 ensures exceptional performance and higher power output in harsh conditions.
We are excited to see the positive impact our products and technologies will bring to Pakistan! Look forward to working with more local partners to accelerate the energy transition in Pakistan!
3. Exciting Partnership announcement with Rexel Ireland!
Astronergy is thrilled to announce the partnership with Rexel Ireland! On May 20th, Samuel Zhang, CMO at Astronergy, represented Astronergy at the signing ceremony, where we inked a 50MW contract for PV module supply to Rexel Ireland.
Samuel shared his excitement, "This partnership shows our commitment to pioneering sustainable development and driving positive change. Together with Rexel and their branches of Kellihers Electrical, we will provide a product lineup with diverse choices and unleash the full potential of renewable energy to benefit customers in Ireland."
Ciaran Foley, CEO at Rexel Ireland, remarked, "Partnering with Astronergy underscores our dedication to delivering top-tier solutions to our customers. By leveraging Astronergy's expertise and cutting-edge technologies in the solar industry, we will add to our ‘Electrifying Solutions’, which make a sustainable future possible."
We look forward to lighting up more solar projects in Ireland with Astronergy's high-efficiency module products and stay tuned for more updates!
4. Insights from PV ModuleTech USA about Astronergy's advanced module development
The PV industry has been transitioning rapidly from p-type PERC technology to advanced n-type TOPCon technology. Currently, n-type TOPCon technology dominates the markets due to its cost-effectiveness and high compatibility in the industrial chain.
In his speech at PV ModuleTech USA on May 21st, Jack Zhou, Head of Global Product Technical Management at Astronergy, introduced Astronergy's advanced module development.
In 2022, Astronergy unveiled ASTRO N series n-type TOPCon modules globally and rolled off the production of TOPCon PV cells and PV modules, becoming one of the first in the industry to achieve the mass-production of n-type TOPCon products. By the end of 2024, our n-type TOPCon cell capacity will reach 59GW, making up 91% of our total production capacity.
Astronergy is deeply committed to the traceability and sustainability of our source materials, manufacturing, and products. This means strictly tracking the origins of all materials used, ensuring that our manufacturing processes are environmentally friendly, and maintaining high standards for the sustainability and quality of our module products.
We are excited that our manufacturing factory in the USA is currently under preparation and look forward to serving more American clients with locally produced PV modules from Astronergy!
5. We had an incredible time participating in Solar Storage Live Philippines 2024!
Solar Storage Live Philippines 2024 is a significant event that brings together industry leaders, innovators, and solar enthusiasts to discuss and showcase the latest advancements in solar and energy storage solutions.
The Philippines, comprising over a thousand islands, enjoys abundant sunshine year-round, making it a solar powerhouse. According to the Department of Energy (DOE), the country will see at least 4.16GW of new power projects connecting to the grid this year, a mix of renewable and traditional energy sources. Notably, 1.99GW of this new capacity will come from solar energy. This booming potential creates a golden opportunity for the solar industry to thrive.
Astronergy's innovative products and tailored solar solutions are designed to meet the specific needs of the Philippines market. From high-efficiency PV modules to comprehensive solar solutions, we are committed to contributing to the sustainable development of the country. By integrating our technology with the abundant solar resources of the Philippines, we aim to support the nation's energy goals and foster a greener future.
6. Recap of Astronergy’s participation at Lebanon International Solar Week
Last week, Astronergy participated the Lebanon International Solar Week 2024 together with Next Solar, our trusted distributor, and Lebanon’s biggest and most reliable solar shop.
Our sales team was thrilled to showcase our ASTRO N series PV modules to a diverse audience passionate about solar energy in Lebanon. Throughout the event, our sales team provided on-site support, facilitating discussions, answering queries, and forging meaningful connections with the visitors.
Lebanon's geographical location and climatic conditions are very suitable for the development and application of solar energy. Astronergy’s n-type TOPCon PV modules, with high performance and reliability, are ideal for various application scenarios, and can help meet the growing demand in Lebanon. By offering solar technologies and solutions, Astronergy aims to address the challenges of the unstable electricity grid and contribute to improving the energy sector in Lebanon with local partners.
A huge thank you to Next Solar for their collaboration and to everyone who visited our booth, shared insights, and contributed to making the Lebanon International Solar Week 2024 a great success!
7. Solar Snapshot Q&A Episode #2: Insights from PV Tokyo 2024
We are excited to share the second episode of our Solar Snapshot Q&A series, featuring real-time interactions with visitors at PV Tokyo 2024!
Watch the full video to see their responses and gain a glimpse into the future of solar energy!
8. Recap of the International Solar Energy Meet in Pakistan
Astronergy is proud to participate in the International Solar Energy Meet in Pakistan, where we had the opportunity to engage with industry leaders and explore business opportunities that will shape the future of solar energy in Pakistan.
As a pioneer in n-type TOPCon PV modules, Astronergy is dedicated to providing high-efficiency products with lower solar system costs. Powered by TOPCon 4.0 cell technology, our ASTRO N7 PV modules deliver an impressive power output of 625W. By leveraging 182*210mm rectangular silicon wafers, the wafer area is increased by over 15.6%, which will not only enhance efficiency but also allow for optimal container usage, leading to reduced costs for our valued customers.
We would like to express our gratitude to you all for visiting us at the event! Let's connect and collaborate to drive solar innovation in Pakistan!
9. YOYO Talk-Solar Terms: Grain Buds
Grain Buds (Chinese: 小满), is the eighth solar term in the traditional Chinese calendar, which means that the seeds from the grain are becoming full but are not ripe. As the summer harvest approaches, we experience a significant increase in rainfall, high temperatures, and humidity.
Astronergy's PV modules are designed to excel in these challenging weather conditions. Our bifacial module products capture sunlight from both sides of the modules, increasing overall energy yield, especially in high-temperature regions where ground reflectivity can contribute to additional power generation. With double AR coating glass, our PV modules improve light absorption and reduce loss due to reflection, significantly enhancing efficiency.
With advanced technology ensuring high efficiency and durability, our PV modules provide reliable energy that supports sustainable development globally. Step into a greener future with Astronergy and let the sun power up your world!
10. Upcoming event: Astronergy World Tour 2024 in Karachi, Pakistan
-Time: May 28th, 2024
-Location: Karachi, Pakistan
11. Upcoming expo: Solar & Storage Live MENA
-Time: May 29th-30th, 2024
-Booth: Hall 4, E10
-Registration link: https://www.terrapinn.com/exhibition/solar-show-mena/index.stm
12. Upcoming event: PV ModuleTech Live Webinar
-Time: May 30th, 2024
-Topic: Advancing TOPCon PV Technology and the innovation behind ASTRO N7 and N7s modules
-Registration link: https://app.livestorm.co/solar-media/advancing-topcon-pv-technology-the-innovation-behind-astro-n7-and-n7s-modules?utm_source=pvtech-socialmedia&utm_medium=LinkedIn
PV market news this week：
1. US and Canada ramp up solar glass plans
With PV module capacity ramping up, glass suppliers have been investing in new solar glass production capacity. As in India and China, new facilities are popping up in North America, with unique twists to ensure competitiveness, such as using recycled material.
2. Zambian IPP launches tender for 50 MW of solar
CGM Power Group Ltd., an independent power producer (IPP), is requesting expressions of interest from engineering, procurement and construction companies for the development of a 50 MW on-grid solar plant in northern Zambia.
3. European developer reaches financial close on 10 MW of solar in Tunisia
European renewables developer Qair will build a 10 MW solar plant in western Tunisia with a €3.9 million ($4.2 million) loan from the European Bank for Reconstruction and Development (EBRD), as well as up to €1 million in concessional funding from Finland.
4. India, Australia sign deal to secure supply chains
Economic cooperation between India and Australia may open doors for investment in clean energy technology, but challenges still abound in a competitive global market. Vibhuti Garg and Shantanu Srivastava, of the Institute for Energy Economics and Financial Analysis (IEEFA), discuss the role that public funding and resource pooling could play in supporting manufacturing ambitions.
5. Israel to deploy 250 MW of floating solar, agrivoltaics
The Ministry of Energy and Infrastructure said in a recent statement that the authorities have given initial approval for four solar energy plants in the southern part of the country. The program, which will supply at least 250 MW of energy, will now be submitted for comments from various regional committees.
6. Tender opens for feasibility study on floating solar in Zambia
The African Development Bank has opened a tender inviting consulting firms to express interest in providing consultancy services for a floating solar project at the Kariba Dam, a hydroelectric power plant in Zambia. The dam is located at the Lake Kariba reservoir on the Zambia-Zimbabwe border.
7. Australia targets 20% market share with domestic solar module manufacturing
Australian Energy Minister Chris Bowen says the federal government’s AUD 1 billion ($662.2 million) Solar Sunshot initiative could lead to domestic production covering 20% of the nation’s PV panel needs by the end of the decade.
8. Nigeria to deploy 250 MW of distributed solar
Nigeria’s Rural Electrification Agency is partnering with Husk Power Systems for interconnected minigrids and isolated minigrids, rooftop commercial and industrial (C&I) solar, productive use of energy (PUE) initiatives, appliance sales, and financing.