China’s National Energy Administration (NEA) says the country installed 102.48 GW of new solar capacity in the first half of 2024, bringing the total installed solar capacity to about 710 GW.
The NEA said China installed 102.48 GW of new solar capacity in the first half of 2024. At the end of June, the country’s total solar capacity reached approximately 710 GW, an increase of 51.6% year-on-year. The total power generation capacity was approximately 3.07 TW, an increase of 14.1% compared to last year. Total installed wind energy capacity also grew to approximately 470 GW, an increase of 19.9%. The country added 216.88 GW of new PV capacity in 2023, an increase of 148.12% from 2022.
Xinyi solar energy said it will invest in four new solar-powered industrial ultra-clear glass production lines in Ordos, Inner Mongolia, each with a daily melting capacity of 1,500 tons. The company currently operates PV glass manufacturing sites in Wuhu, Beihai, Zhangjiagang and Tianjin, as well as one in Melaka, Malaysia. By the end of 2023, Xinyi Solar’s daily melting capacity for photovoltaic glass had reached 25,800 tons.
Daqo New Energy said its board has approved a $100 million stock repurchase program, effective through June 30, 2025. The company said it will not be required to purchase a specific number of shares of its common stock or U.S. depositary receipts at any given time. It noted that the terms and scope of the buyback program will be reviewed periodically.
Sinopec said it plans to build about 10,000 new solar power plants in its oil and gas fields, petrochemical industrial parks and gas stations, with completion expected by the end of 2027. The company has already retrofitted or built 4,283 gas stations with solar energy and aims to add another 2,700 by the end of 2025. By the end of 2023, Sinopec’s installed distributed solar and small-scale wind power capacity had reached 1,932 MW.
Kstar said it has decided to terminate its private placement plan and will withdraw the related application documents from the Shenzhen Stock Exchange (SSE). The plan, initially announced in June 2023, aimed to raise CNY2.373 billion ($326.2 million) to expand production capacity of solar inverters, energy storage converters, PV storage systems and battery packs, in addition to strengthening working capital. Kstar adjusted the plan twice in April and June 2024, but ultimately decided to put an end to it after thorough consideration of the market environment and discussions with relevant parties.
This content is copyrighted and may not be reused. If you would like to collaborate with us and reuse some of our content, please contact: editors@pv-magazine.com.
