Autowell (ATW), a Chinese provider of manufacturing equipment for PV products, has disclosed to Chinese news outlets that it plans to raise RMB 550 million by selling its shares to specific investors. ...  more

Volvo officially announced its new concept electric vehicle in an online presentation on July 1. In an effort to prepare for its comprehensive electrification strategy for 2030, the company has sought the help of tech giants such as Google, Nvidia, and Luminar to assist it with its integration of automotive software and hardware and to help it to further upgrade its automotive technology. ...  more

Aiko Solar announced recently that it plans to raise RMB 3.5 billion in a private placement of Class A shares. Excluding the transaction fee, the net proceeds of the share placement will be used to build production capacity in the Chinese city of Zhuhai and Yiwu. The company plans to add 6.5GW in Zhuhai and 10GW in Yiwu. The first phase of the latter project will add 2GW. Aiko is a major Chinese manufacturer of PV cells with production bases in the Chinese provinces of Zhejiang and Guangdong. ...  more

The German renewable energy developer Svevind has recently announced the largest green hydrogen project in the world, which is a 30MW hydrogen electrolysis plant that produces 3 million tons of hydrogen each year using 45GW of onshore wind power and solar power. ...  more

The recent circulating rumor regarding how the COVID-19 pandemic disrupted the construction progress of Taiwan’s Formosa 2 offshore wind farm project has derived concerns from the lead bank of syndicated loan, and may impact the implementation of renewable energy policies as well as the stability of subsequent power supply. ...  more

Various energy storage systems have been invented in order to resolve the problem of intermittent power generation from renewable energy due to different weathers and seasons, and now the International Institute for Applied Systems Analysis (IIASA) has proposed a pristine energy storage solution, which is the Buoyancy Energy Storage Technology (BEST) that stores a sizeable amount of electricity with a cheaper price. ...  more

High latitude regions often experience shorter duration of daylight in several months, and may even have to sustain months of darkness, so what other solutions are there to extend the utilization time of solar energy and the maximized exertion of solar power apart from adding energy storage equipment? ...  more

Zhongli Group announced that its subsidiary Talesun will supply PV modules to Aeronaval de Construcciones e Instalaciones SA (ACISA). ACISA is an EPC service provider under the ownership of Aldesa Group, which is a major Spanish construction company. Zhongli is a major Chinese provider of electric power equipment, and its subsidiary Talesun focuses on PV products. Under the sales agreement, Talesun will provide 170MW of modules to ACISA for US$40 million. ...  more