News

Chinese financial news websites have reported that Ningxia Yinglite Chemicals will invest RMB 82.7186 million to set up DG PV generation at its offices and factories. The plan to “construct the first batch of distributed PV projects” was approved by the company’s board of directors on October 25 and subsequently announced to the public. ...  more

US President Joe Biden has placed high hopes on offshore wind farms, and has been constantly paving for the target of 30GW offshore wind power by 2030, including the drafting of wind farm leases, expansion of the construction area of wind farms, and the decision in accelerating the establishment in Massachusetts, North Carolina, and Gulf of Mexico. Tender solutions will be confirmed next year at the earliest. ...  more

The report of energy research company Rystad Energy pointed out that the cost of solar power has been surging due to the incessant inflation of raw material prices and the constrained background of the supply chain, where more than 50% of solar farms for public utilities around the world may be postponed or canceled in 2022. ...  more

The IPO of US electric vehicle manufacturer Rivian is scheduled for this week at NASDAQ, and it will likely become the third largest financing in the US in 10 years if expectations are met. ...  more

Not many EV startups have survived in the market. Can German startup Sono Motors, who just received 15K orders for its solar EV SUV, succeed in this ferocious market? ...  more

Risen Energy Co., Ltd, a leading, Tier 1 manufacturer of high-performance solar photovoltaic products, today announced the release of its superior PV module with high strength alloy steel frame. In response to ongoing demand for c...  more

What is the cost for the global economy in decarbonization and the transition to clean energy? One of the reports from the Bank of America has probed into the degree of climate change and the cost behind such effort, and estimates that the attainment of zero emission within 30 years would require an expenditure of US$5 trillion each year. ...  more

According to the coverage of foreign media AXIOS, Microsoft founder Bill Gates mentioned during COP26 last week that the world’s extrication from fossil fuels by adopting additional green energy and renewable energy has put petroleum giants, who have dominated the market for over a century, into a predicament. Gates predicted that several petroleum giants will start to collapse and be “worth very little” after 30 years. ...  more

The anticipated electric truck Tesla Semi is finally getting delivered for the first time this quarter. What is interesting is that this particular piece of news came from the CEO of Pepsi, instead of Musk who recently changed his Twitter name. ...  more