Investment in the global energy transition totaled US$1.1 trillion in 2022 according to analyst firm BloombergNEF, reaching parity with investment in fossil fuels for the first time ever.
Chinese module manufacturer JA Solar has announced its plan to invest RMB40 billion (US$5.9 billion) to construct a vertically integrated PV industry hub in Inner Mongolia.
Solar manufacturer LONGi Green Energy Technology (LONGi) has announced an RMB45.2 billion (US$6.7 billion) plan to build a production base in China capable of manufacturing 100GW of solar wafers and 50GW of solar cells each year.
The first of Trina Solar’s 210mm n-type i-TOPCon solar PV cells have been manufactured at its 8GW facility in Suqian, Jiangsu province, China. The cells are primarily intended for use in the new generation of its Vertex N modules.
Nine Chinese companies have committed to a collective US$13.76 billion of investment in the Philippines’ renewable energy sector, set to develop solar, wind and energy storage assets.
Sungrow, the Chinese-headquartered inverter and energy storage system supplier, has signed a contract with Samsung C&T to provide its inverter solutions to an 814MW solar PV project in Qatar.