The NEA said new renewable energy curtailment data for May 2024 shows an average PV usage rate of 97.5% and 96.7% from January to May. The average wind energy utilization rate in May was 94.8% and from January to May 95.9%. Global case studies show that average discount rates are typically close to 3%.
Anhui Huasun New Energy has signed a strategic cooperation framework agreement with the municipal government of Yinchuan, Ningxia Hui region, to invest CNY 4.5 billion ($618.9 million) in a 20 GW heterojunction-specific monocrystalline silicon plant. The facility will provide raw material guarantees for its n-type heterojunction (HJT) solar cells and modules. Huasun has not disclosed additional details about its construction plans.
The research institute for energy storage and energy market said in a recent report that 76 bidding and tendering rounds for energy storage were held in June, or 4.32 GW/10.29 GWh of capacity. Hybrid energy storage projects, including technologies such as lithium iron phosphate, flow batteries, sodium ion batteries and supercapacitors, accounted for 2.22 GWh or 21.6% of the market. In addition, approximately 4.41 GWh of energy storage cells were centrally purchased for system integration during the same period.
Shanghai Electric said its board of directors has formally approved its wholly owned subsidiary, Shanghai Electric Energy Development (Hong Kong) Ltd., to acquire a 75% equity stake in a 129 MW PV project in Romania for up to €9 .56 million ($10.2). million). The company plans to continue development and construction of the project, with a total investment of up to €101.5 million, including taxes.
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