Welcome back to another busy week! We are covering Greta Thunberg’s criticism against the EU Climate Law, the U.S. International Trade Commission’s report regarding the economic effect of increasing the tariff-rate quota (TRQ) on imported PV cells, China's announcement requiring all the state agencies in the Dongying city (Shandong Province) to implement rooftop photovoltaics, and many more!
Regional Markets
China
1.Shandong Province
Dongying City in Shandong province issued a “Notice on Organizing and Implementing Distributed Photovoltaic Power Generation Projects on the Roofs of State Agencies in the City”. This demands all the state agencies in the city to implement photovoltaic power generation projects on their roofs.
2. Ningxia Hui Autonomous Region
Ningxia Hui Autonomous Region has released the photovoltaic project part of the “2020 Investment Plans of Key Projects in the Autonomous Region”.
According to statistics, in 2020, there are 7 photovoltaic construction projects which the region will focus its resources on. The total investment is estimated to amount to US$10.216 million (RMB 70.816 million).
Two of the key photovoltaic projects are expected to commence constructions, with a total investment of US$23.8 million (RMB 165 million).
3. Guangdong Province
In 2020, Guangdong Province has 1,230 provincial key projects in total, with a total investment of US$851.1 billion (RMB 5.9 trillion).
According to the statistics, the province will focus on the construction of 4 photovoltaic projects and 1 concentrated solar power (CSP) project in 2020, with a total investment of US$825.5 million (RMB 5.7216 trillion).
European Union
The European Commission has presented its own Green Deal bill on March 4. The bill aims to achieve climate-neutral in Europe by 2050, which has sparked waves of negative reactions.
Molly Walsh, a climate justice campaigner for Friends of the Earth Europe, criticized that “A target 30 years in the future does not represent emergency climate action […].”
Greta Thunberg, the climate activist, disapproved the EU climate law due to its lack of ambition, “We will not be satisfied with anything less than a science-based pathway which gives us the best possible chance to safeguard the future living conditions for humanity and life on Earth as we know it. Anything else is surrender. This climate law is surrender – because nature doesn’t bargain and you cannot make ‘deals’ with physics.”
Germany
Germany is planning to further promote electric vehicles. Therefore the Federal Cabinet has passed a bill for establishing electric vehicles charging infrastructure on Wednesday.
The new bill, the Building Electro-Mobility Infrastructure Act (das Gebäude-Elektromobilitätsinfrastruktur-Gesetz [GEIG]), requires residential and non-residential buildings with larger parking spaces to be installed with the necessary equipment for charging purposes.
USA
The Commission advises that it is likely that an increase in TRQ would boost the production, capacity utilization and employment of the U.S. module suppliers.
The reason behind the boost is the increased number of cheaper imported cells, to which the U.S. module suppliers can get access. This could increase the attractiveness of U.S. modules and reduce imports of modules made outside of the U.S.
Companies
JA Solar
JA Solar has announced that it is supplying all the high-efficiency mono PERC modules for the 100 MW unsubsidized photovoltaic project in Spain.
The supplied modules are for the construction of two 50 MW photovoltaic power plants in Extremadura, Spain.
Huanghe Hydropower Development
SPIC Huanghe Hydropower Development has announced that the mono PERC modules and bifacial modules employing TOPCon cell technology, which are produced by its PV subsidiary, will be exported in batches to the Mexican market for the first time.
The cells exported to Mexico are 2 MW of 158.75mm (G1) bifacial PERC cells, with a mass production efficiency of 22.3%. The 0.8 MW modules with TOPCon cell technology have a module conversion efficiency of 20.4%.
Trina Solar
Chinese PV conglomerate Trina Solar has declared that its bifacial PERC cells could achieve efficiencies of 23.39% with commercially available manufacturing equipment, which was calibrated at ISFH CalTec in Germany.
Jinko Solar
On March 5, JinkoSolar hit a new high last Wednesday after CICC upgrading its rating from Neutral to Outperform.
JinkoSolar's Tiger 465Wp TR process began volume production in the first quarter of 2020.
To date, the Tiger module has been sold over 1GW in the past three months.
On March 6, Jinko Solar has raised its guidance for the fourth quarter and a full year ended December 31, 2019.
The raised guidance is subject to adjustments based on the company's internal review process. Final reported results could differ considerably from the estimated figures that follows:
2019Q4 Guidance
Total solar module shipments will be in the range of 4.5 GW to 4.6 GW, exceeding the Company's previous guidance range of 4.2 GW to 4.4 GW by approximately 6%
Full Year 2019 Guidance
Total solar module shipments will be in the range of 14.3 GW to 14.4 GW, compared to the Company's previous guidance range of 14.0 GW to 14.2 GW
ABB & FIMER
ABB has completed the sale of its solar inverter business to the Italian company FIMER SpA.
The transaction enables ABB’s Electrification business to improve the focus of its business portfolio on priority growth markets and enhance business opportunities for the solar inverter business under FIMER.
ABB also added that ‘separation costs’ of the deal is expected, which is estimated to amount to US$40 million.
(Image by Gerd Altmann from Pixabay)
