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Home - Policy - Solar installations from January to August reached 140 GW – SPE
Policy

Solar installations from January to August reached 140 GW – SPE

solarenergyBy solarenergySeptember 25, 2024No Comments2 Mins Read
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China’s National Energy Administration (NEA) says the country’s cumulative installed solar capacity reached 750 GW in August, up from 139.99 GW of new capacity additions in the first eight months of 2024.

September 24, 2024 Vincent Shaw and Valerie Thompson

The NEA said China’s cumulative installed solar capacity reached 750 GW in August 2024, with 139.99 GW added in the first eight months of 2024, including 16.46 GW in August alone. Total energy generation from all energy sources amounted to 3.13 TW, an increase of 14% year on year. Wind capacity grew by 19.9% ​​compared to the previous year to 470 GW.

Tongwei said it has signed a technology cooperation contract with Scenergy to develop stack-gate technology and establish mass production plans in Chengdu, Sichuan province. The agreement builds on a strategic pact signed in August with Scenergy and Jingsheng Mechanical & Electrical (JSG) to advance the commercialization of stack-gate technology. The partners aim to accelerate the transition from pilot production to industrial-scale production while clarifying the rights and obligations of each company in the development process.

JinkoSolar said it has delivered the first batch of its 340 MWh liquid-cooled energy storage system, SunTera G2, for a project with Jiangsu-based Sunrev. The 5 MWh system features Jinko’s latest 314Ah battery cells and an industry-leading liquid thermal management system. With a return efficiency of 94% and a service life of 8,000 to 10,000 cycles, the company claims it guarantees high performance and economic viability throughout its life.

Solargiga Energy Holdings said it posted a loss of CNY101.1 million ($14.4 million) in the first half of 2024, compared with a profit of CNY99.9 million a year earlier. Revenue fell 51.2% to CNY 1.69 billion due to falling module prices due to overcapacity and intense competition. It said total production capacity stood at 9.8 GW as of June 30.

See also  Malaysia expects to reach 29.7 GW of solar energy by 2035

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