Solar exec debunks 'overcapacity' claims
7 months, 1 week ago

Solar exec debunks 'overcapacity' claims

China Daily  

An employee works on a solar panel production line in Suqian, Jiangsu province. With persistent emphasis on technological innovation, China has fostered a robust and competitive solar power market, facilitating rapid growth of the new energy industry at home and abroad, said Li Xiande, chairman of JinkoSolar Holding Co Ltd, the world's largest solar panel producer by shipments. The global new energy industry is currently experiencing a scarcity of high-quality production capacity, rather than "overcapacity", Li said in response to recent claims that China's new energy sector has overcapacity, causing global price distortions. "China's sufficient production capacity has helped other countries and regions around the world reduce their burden, in terms of production costs and technological development," said Ma Yinqiong, a senior analyst covering materials supply chains with global consultancy Rystad Energy. In response to the growing share of renewable energy capacity and the deployment of electric vehicles, JinkoSolar believes energy storage will be a leading technology for energy transition investments over the next three years.

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History of this topic

China shines in global energy storage
1 month, 2 weeks ago

China shines in global energy storage

China Daily  

Employees install photovoltaic panels at a power plant in Yinchuan, Ningxia Hui autonomous region, in October. YUAN HONGYAN/FOR CHINA DAILY China's energy storage industry has experienced explosive growth in recent years, driven by rapid advancements in technology and increased demand, solidifying its position as a leader in terms of both capacity and innovation, said industry experts. China now holds a …

China's Energy Storage Sector Booms, with New Energy Storage Capacity Surging to 300 GW by 2030
Top News
1 month, 2 weeks ago

China's Energy Storage Sector Booms, with New Energy Storage Capacity Surging to 300 GW by 2030

China Daily  

China's energy storage sector is experiencing rapid growth, with a 99.6 percent year-on-year growth and 91.3 GW in cumulative installed capacity in 2023. This surge is largely attributable to China's aggressive expansion in renewable energy infrastructure, particularly large-scale wind and photovoltaic power bases.

China's Energy Storage Sector Booms, with New Plants Shifting Focus to Market-Driven Growth
Trending News
1 month, 2 weeks ago

China's Energy Storage Sector Booms, with New Plants Shifting Focus to Market-Driven Growth

China Daily  

China's energy storage sector is experiencing rapid growth, with a 99.6 percent year-on-year growth and 91.3 GW in cumulative installed capacity in 2023. This surge is largely attributable to China's aggressive expansion in renewable energy infrastructure, particularly large-scale wind and photovoltaic power bases.

China's Energy Storage Sector Booms, with New Plants Shifting Focus to Market-Driven Growth
Trending News
1 month, 2 weeks ago

China's Energy Storage Sector Booms, with New Plants Shifting Focus to Market-Driven Growth

China Daily  

China's energy storage sector has experienced rapid growth in recent years, with a 99.6 percent year-on-year growth and 91.3 GW in cumulative installed capacity in 2023. This surge is largely attributable to China's aggressive expansion in renewable energy infrastructure, particularly large-scale wind and photovoltaic power bases.

Country's green drive hits major milestone
1 month, 3 weeks ago

Country's green drive hits major milestone

China Daily  

By Liu Yukun | China Daily | Updated: 2024-11-01 09:09 Aerial photo taken on Aug 19, 2020 shows wind turbines in Jiucaiping scenic spot in Southwest China's Guizhou province. China achieved a major milestone in renewable energy development with installations of wind and solar power generating units surpassing 1.2 billion kilowatts, six years ahead of schedule, said the National Energy …

China's Advancements in Green Energy Technology: A Beacon for the Global Shift
Top News
2 months ago

China's Advancements in Green Energy Technology: A Beacon for the Global Shift

China Daily  

China's advancements in green energy technology and industrial chain have made significant strides in supporting the global shift toward green and low-carbon energy. The country has developed a complete wind and photovoltaic industry chain, contributing to reducing costs and facilitating the world's green energy transition. China has also made significant strides in recent years in advancing renewable energy technologies, including …

China's Green Energy Push: A Wind of Change
2 months ago

China's Green Energy Push: A Wind of Change

China Daily  

China's wind and solar energy installations surpass coal power, marking a significant milestone in the country's transition to renewable energy sources. The installed capacity of wind and photovoltaic reached 1.18 billion kW in June, exceeding the target set for 2030 six years ahead of schedule. By 2060, wind and photovoltaic installed capacity will exceed 5 billion kW, with most power …

China's Advancements in Green Energy Technology: A Beacon for the Global Shift
Top News
2 months ago

China's Advancements in Green Energy Technology: A Beacon for the Global Shift

China Daily  

China's advancements in green energy technology and industrial chain have made significant strides in supporting the global shift toward green and low-carbon energy. The country has developed a complete wind and photovoltaic industry chain, contributing to reducing costs and facilitating the world's green energy transition. China has also made notable progress in advancing renewable energy technologies, including the development of …

China's Advancements in Green Energy Technology: A Beacon for the Global Shift
Top News
2 months ago

China's Advancements in Green Energy Technology: A Beacon for the Global Shift

China Daily  

China's advancements in green energy technology and industrial chain have made significant strides in supporting the global shift toward green and low-carbon energy. The country has developed a complete wind and photovoltaic industry chain, contributing to reducing costs and facilitating the world's green energy transition. China has also made significant strides in recent years in advancing renewable energy technologies, including …

China's Green Energy Push: A Breakthrough in Wind and Solar Power
2 months ago

China's Green Energy Push: A Breakthrough in Wind and Solar Power

China Daily  

China's wind and solar energy installations surpass coal power, marking a significant milestone in the country's transition to renewable energy sources. The installed capacity of wind and photovoltaic reached 1.18 billion kW in June, exceeding the target set for 2030 six years ahead of schedule. By 2060, wind and photovoltaic installed capacity will exceed 5 billion kW, with most power …

China's Advancements in Green Energy Technology: A Beacon for the Global Shift
Top News
2 months ago

China's Advancements in Green Energy Technology: A Beacon for the Global Shift

China Daily  

China's advancements in green energy technology and industrial chain have made significant strides in supporting the global shift toward green and low-carbon energy. The country has developed a complete wind and photovoltaic industry chain, contributing to reducing costs and facilitating the world's green energy transition. China has also made notable progress in advancing renewable energy technologies, including the development of …

From childhood curiosity to cutting-edge technology
3 months, 1 week ago

From childhood curiosity to cutting-edge technology

China Daily  

Innovative milestones In 2020, while pursuing his master's degree at Huazhong University of Science and Technology in Wuhan, Meng achieved a significant milestone by successfully testing the first iron-based flow battery in his lab. Through continuous adjustments, rigorous research, and relentless experimentation, Meng and his team completed their first kilowatt-level energy storage system in 2021, suitable for everyday use. In …

Huge chance for China's battery market to grow, says expert
3 months, 2 weeks ago

Huge chance for China's battery market to grow, says expert

China Daily  

Ouyang Minggao, an academician of the Chinese Academy of Sciences, speaks at the 2024 World Power Battery Conference in Yibin, Sichuan province, on Sept 1. China's lithium-ion battery industry is expected to see its production exceed 1 billion kilowatt-hours this year, said Ouyang Minggao, an academician at the Chinese Academy of Sciences, at a recent conference. Held in Yibin, Sichuan …

Huge chance for China's battery market to grow, says expert
3 months, 2 weeks ago

Huge chance for China's battery market to grow, says expert

China Daily  

Ouyang Minggao, an academician of the Chinese Academy of Sciences, speaks at the 2024 World Power Battery Conference in Yibin, Sichuan province, on Sept 1. China's lithium-ion battery industry is expected to see its production exceed 1 billion kilowatt-hours this year, said Ouyang Minggao, an academician at the Chinese Academy of Sciences, at a recent conference. Held in Yibin, Sichuan …

Large-scale construction begins for largest pumped storage power station
3 months, 2 weeks ago

Large-scale construction begins for largest pumped storage power station

China Daily  

The largest pumped storage power station in terms of capacity in East China has entered the full-scale construction phase. The largest pumped storage power station in terms of capacity in East China has entered the full-scale construction phase and is scheduled to begin generating power before 2030, said its operator, GCL Energy Technology Co Ltd. As an efficient and flexible …

China's energy transition benefits world
3 months, 3 weeks ago

China's energy transition benefits world

China Daily  

Two State Grid technicians check power transmission facilities in Chuzhou, Anhui province. A white paper titled "China's Energy Transition" released recently showcased historic achievements in its energy transition over the past decade and shared its practices with the world. What is more, China's new energy products have provided clean, reliable, affordable solutions to a world that faces the challenges of …

China to continue with low-carbon reforms, energy regulator says
3 months, 3 weeks ago

China to continue with low-carbon reforms, energy regulator says

Hindustan Times  

in paragraph 8) China to continue with low-carbon reforms, energy regulator says BEIJING, - China will keep phasing out fossil fuels and reforming its electricity system, the energy regulator said on Thursday, issuing a white paper long on listing accomplishments but short on new plans for China's energy transition. National Energy Administration head Zhang Jianhua said China would continue to …

Nation helps drive global transition to green energy
3 months, 3 weeks ago

Nation helps drive global transition to green energy

China Daily  

By ZHENG XIN | CHINA DAILY | Updated: 2024-08-30 07:04 An aerial drone photo taken on June 6, 2024 shows the wind power equipment at a low carbon-dioxide emission industrial park in Sheyang, Yancheng, East China's Jiangsu province. China's green energy development has become an engine for the global energy transition, which has substantially eased global inflation pressures while addressing …

Nation helps drive global transition to green energy
3 months, 3 weeks ago

Nation helps drive global transition to green energy

China Daily  

An aerial drone photo taken on June 6, 2024 shows the wind power equipment at a low carbon-dioxide emission industrial park in Sheyang, Yancheng, East China's Jiangsu province. China's green energy development has become an engine for the global energy transition, which has substantially eased global inflation pressures while addressing climate change, according to a white paper issued on Thursday. …

New energy targets realized ahead of deadline
3 months, 4 weeks ago

New energy targets realized ahead of deadline

China Daily  

A vast expanse of solar panels shadows the surface of a semi-desert in Northwest China's Qinghai province, turning it into a photovoltaic park. According to data from the Chinese National Energy Administration, by the end of July 2024, the total installed capacity of power generation nationwide reached 3.1 billion kilowatts. Of this, solar power had an installed capacity of about …

New energy targets realized ahead of deadline
3 months, 4 weeks ago

New energy targets realized ahead of deadline

China Daily  

A vast expanse of solar panels shadows the surface of a semi-desert in Northwest China's Qinghai province, turning it into a photovoltaic park. According to data from the Chinese National Energy Administration, by the end of July 2024, the total installed capacity of power generation nationwide reached 3.1 billion kilowatts. Of this, solar power had an installed capacity of about …

Reform, innovation reconfigure growth pattern in China's western region
4 months, 1 week ago

Reform, innovation reconfigure growth pattern in China's western region

China Daily  

Workers hoist a storage tank at an industrial park of Lanzhou LS Group in Lanzhou New Area, Northwest China's Gansu province, July 25, 2024. BEIJING - In as little as 30 minutes, a new business can be opened in the Lanzhou New Area, Northwest China's Gansu province. In 2012, the Lanzhou New Area was approved by the State Council as …

Shandong accelerates development of new energy storage
4 months, 1 week ago

Shandong accelerates development of new energy storage

China Daily  

The Energy Administration of Shandong province, in conjunction with 17 other departments, recently issued the guidelines on accelerating the high-quality development of the new energy storage industry. It sets clear targets: by 2025, the province's new energy storage industry should achieve revenue of 250 billion yuan, and by 2030, the industry's scale should further expand. The new guidelines call for …

Next-gen clean tech key to China's carbon neutrality goal
4 months, 1 week ago

Next-gen clean tech key to China's carbon neutrality goal

China Daily  

An employee operates carbon capture, utilization and storage equipment at a platform off Guangdong province in May 2023. MAO SIQIAN/XINHUA The clean energy industry contributed 11.4 trillion yuan to China's economy last year, accounting for 9 percent of the country's GDP and contributing 40 percent to its GDP growth. The clean energy industry has been one of the main drivers …

Why new energy 'overcapacity' claims are false
4 months, 1 week ago

Why new energy 'overcapacity' claims are false

China Daily  

CAI MENG/CHINA DAILY Some Western nations have been touting the so-called "overcapacity "problem of China in recent years, alleging that China's "excess capacity" in the new energy sector has disrupted and threatened the international market. The term overcapacity refers to a scenario in which production capacity of an industry exceeds market demand and expected levels, indicating a disequilibrium in the …

Why new energy 'overcapacity' claims are false
4 months, 1 week ago

Why new energy 'overcapacity' claims are false

China Daily  

CAI MENG/CHINA DAILY Some Western nations have been touting the so-called "overcapacity "problem of China in recent years, alleging that China's "excess capacity" in the new energy sector has disrupted and threatened the international market. The term overcapacity refers to a scenario in which production capacity of an industry exceeds market demand and expected levels, indicating a disequilibrium in the …

Here’s why Union Budget 2024 promised policy on pumped storage
4 months, 3 weeks ago

Here’s why Union Budget 2024 promised policy on pumped storage

The Hindu  

Budget 2024-25 promised that “a policy for promoting pumped storage projects will be brought out for electricity storage and facilitating smooth integration of the growing share of renewable energy with its variable and intermittent nature.” Why pumped storage India has planned to create an ambitious 500 GW of non-fossil power by 2030. Out of 10 GW added in eight months …

Energy storage capacity to see robust uptick
4 months, 3 weeks ago

Energy storage capacity to see robust uptick

China Daily  

A driver charges his new energy vehicle in Chongqing. New energy storage, or energy storage using new technologies such as lithium-ion batteries, liquid flow batteries, compressed air and mechanical energy, is an important foundation for building the country's new power system, which enjoys advantages such as quick response, flexible configuration and short construction timelines. According to Bian, new energy storage …

Market-based drivers key to energy success
4 months, 3 weeks ago

Market-based drivers key to energy success

China Daily  

Technicians inspect a wind turbine at a power plant in Shuozhou, Shanxi province, in July 2022. Wang Bohua, honorary chairman of the China Photovoltaic Industry Association, said that relaxing the required absorption rate of green power for the grid from 95 percent to 90 percent, combined with accelerated large-scale project construction and faster grid development — along with support for …

India has ramped up its wind and solar energy. It now needs to expand places to store it
5 months ago

India has ramped up its wind and solar energy. It now needs to expand places to store it

Hindustan Times  

BENGALURU, India — At a Coca-Cola factory on the outskirts of Chennai in southern India a giant battery powers machinery day and night, replacing a diesel-spewing generator. Global battery costs are declining faster than expected, and experts say that if costs continue to plummet, energy storage systems can better compete with both coal and clean energy sources like hydropower and …

Report: New energy sector on a roll
5 months ago

Report: New energy sector on a roll

China Daily  

Employees check a power transmission network in Zhangye, Gansu province. The construction of new energy projects in China for grid connections and transmission continues to strengthen, further enhancing the industry's capabilities to optimize large-scale resources, a report released on Thursday said. National transmission capacity exceeded 300 million kilowatts, further enhancing new energy consumption capacity, according to a report on China's …

Distributed, storage pairing ensures greener energy prospects
5 months, 2 weeks ago

Distributed, storage pairing ensures greener energy prospects

China Daily  

An employee works at a production facility of Trina Solar Co in Suqian, Jiangsu province, on June 5. WANG LI/FOR CHINA DAILY Pairing distributed renewable energy with energy storage plays a crucial role in achieving China's dual-carbon goals, balancing power supply and demand while enhancing power utilization efficiency at the same time, said company executives and industry experts. The industrial …

China at forefront of fight against climate change
5 months, 4 weeks ago

China at forefront of fight against climate change

China Daily  

A participant takes a picture in front of a Formula E race car made of e-waste materials, which is on show at the 2024 Summer Davos in Dalian, Liaoning province. ZOU HONG/CHINA DAILY In the next five years, China's economic development will no longer lead to growth in carbon emissions and instead make a significant contribution to the global efforts …

Overcapacity? Not quite, but a result of natural development
6 months ago

Overcapacity? Not quite, but a result of natural development

China Daily  

CAI MENG/CHINA DAILY Two recent events have indicated escalating trade tensions in the clean-tech sector. On June 13, the European Commission announced the preliminary results of its ongoing investigation into so-called Chinese NEV subsidies, concluding that China's NEV value chain benefits from "unfair subsidization" that hurts EU rivals, and planning tentatively to impose extra tariffs ranging from 17.4 percent to …

NEA head rips apart claims new energy industry has 'overcapacity'
6 months ago

NEA head rips apart claims new energy industry has 'overcapacity'

China Daily  

An employee works on a photovoltaics production line in Hefei, Anhui province. China's new energy industry does not have an "overcapacity" issue, said Zhang Jianhua, head of the National Energy Administration on Thursday. Zhang said: "Projections by the International Renewable Energy Agency indicated that by 2030, global PV capacity will surpass 5.4 billion kilowatts to meet the goal set by …

'Overcapacity' narrative against China aimed at fulfilling 'US-only' dream
7 months ago

'Overcapacity' narrative against China aimed at fulfilling 'US-only' dream

China Daily  

This photo taken on April 24, 2024 shows a new energy vehicle assembly line of BYD, China's leading NEV manufacturer, at the plant of BYD in Zhengzhou, Central China's Henan province. Shortly after US Treasury Secretary Janet Yellen's overcapacity narrative about China in April, the administration of US President Joe Biden announced plans to raise tariffs on Chinese electric vehicles …

China emerging as energy storage powerhouse
7 months ago

China emerging as energy storage powerhouse

China Daily  

A technician inspects a turbine at a wind farm in Hinggan League, Inner Mongolia autonomous region, in May 2023. China's power storage capacity is on the cusp of growth, fueled by rapid advances in the renewable energy industry, innovative technologies and ambitious government policies aimed at driving sustainable development, experts said. With a strong emphasis on technological innovation and sustainable …

Electricity landscape set to witness paradigm shift
7 months ago

Electricity landscape set to witness paradigm shift

China Daily  

An employee works on a production line of photovoltaic products in Hefei, Anhui province, on May 16. Industrial and commercial energy storage will usher in a breakthrough period with a deepening of electricity market reform, which is expected to further widen the peak-valley price difference nationwide, said industry experts. "As industrial and commercial entities increasingly adopt energy storage technologies, we …

Protectionism will drive green transition to dead end: China Daily editorial
7 months ago

Protectionism will drive green transition to dead end: China Daily editorial

China Daily  

US Treasury Secretary Janet Yellen attends an interview with Reuters Editor in Chief Alessandra Galloni in Washington, April 25, 2024. US Treasury Secretary Janet Yellen, during her visit to Frankfurt, Germany, said on Tuesday that the US and Europe needed to respond to China's industrial overcapacity in a "strategic and united way" to keep manufacturers viable on both sides of …

Tesla secures major construction permit
7 months, 1 week ago

Tesla secures major construction permit

China Daily  

A view of a Tesla showroom in Shanghai. With its construction permit obtained on Monday, US electric vehicle maker Tesla's energy storage project in Lin-gang, eastern Shanghai — the first of its kind outside the United States — is expected to break ground this month and enter mass production in the first quarter of 2025. Covering some 200,000 square meters, …

Tesla secures major construction permit
7 months, 1 week ago

Tesla secures major construction permit

China Daily  

A view of a Tesla showroom in Shanghai. With its construction permit obtained on Monday, US electric vehicle maker Tesla's energy storage project in Lin-gang, eastern Shanghai — the first of its kind outside the United States — is expected to break ground this month and enter mass production in the first quarter of 2025. Covering some 200,000 square meters, …

'Overcapacity' just an excuse of US protectionism
7 months, 1 week ago

'Overcapacity' just an excuse of US protectionism

China Daily  

Employees work at the assembly line of Xiaomi SU7 electric sedans in Beijing in March. China's recent significant increase in the exports of EVs, lithium batteries and solar photovoltaic products mainly reflect the increasing global emphasis on environmental protection and development of green technology and intelligent economies. Considering the trend of environmental protection in developing countries, it can be said …

China launches major update on battery production regulation
7 months, 2 weeks ago

China launches major update on battery production regulation

China Daily  

China's industrial regulator plans to launch a major document to guide the production capacity of lithium-ion batteries, which industry experts said will knock out a batch of low-end battery cells and accelerate the structural adjustment of the country's booming lithium-ion battery sector. The Ministry of Industry and Information Technology unveiled a draft guideline on Wednesday that will guide lithium-ion battery …

Hidden motives behind China's 'overcapacity' accusation
7 months, 3 weeks ago

Hidden motives behind China's 'overcapacity' accusation

China Daily  

A view of Chinese carmaker BYD's assembly line of new energy vehicles in Zhengzhou, Henan province. Recently, the United States and some European countries have been hyping up the false narrative of China's "overcapacity", accusing the country of "flooding" the global market with cheap new energy products. Aiming to hit china's new energy industry The "overcapacity" accusation overlooks market demand, …

Multinationals still invest big in China's green drive
7 months, 3 weeks ago

Multinationals still invest big in China's green drive

China Daily  

Amid foreign media's report that China's green-tech manufacturing boom draws concerns about overcapacity, multinational corporations in China are still investing big in the country's green economy drive, voting with their feet. At the end of April, Milwaukee, United States-based industrial automation company Rockwell Automation said that the company is planning to drive more collaborations in China's strategic emerging industries, such …

China's renewables tech cuts costs
7 months, 4 weeks ago

China's renewables tech cuts costs

China Daily  

Employees work at a photovoltaic panel production facility in Hefei, Anhui province, in February. China's large-scale production of solar panels and electric vehicles has not only lowered costs but has also made green technology more accessible globally, industry insiders said. The IEA believes China was the major driving force behind the world's rapid expansion of renewable power generation capacity last …

China not to blame for prices
8 months, 1 week ago

China not to blame for prices

China Daily  

A China-made electric vehicle on display during the CES 2024 in Las Vegas earlier this year. WU XIAOLING/XINHUA China should not be blamed for offering cost-effective new energy technologies and products to the world amid rising accusations of so-called overcapacity concerns, industry experts said on Wednesday. It is the US market's high prices, not Chinese overcapacity, that hinder widespread EV …

Out with the old, in with the new
9 months ago

Out with the old, in with the new

China Daily  

ZHANG YUJUN/FOR CHINA DAILY In 2023, Chinese car manufacturer BYD surpassed Tesla and took the lead in the global electric vehicle market by selling over 3 million vehicles. China's great productivity in generating clean and renewable energy, offering high-quality goods at low prices, is helping other countries develop their own clean energy production. China's global role in the energy transition …

Out with the old, in with the new
9 months ago

Out with the old, in with the new

China Daily  

ZHANG YUJUN/FOR CHINA DAILY In 2023, Chinese car manufacturer BYD surpassed Tesla and took the lead in the global electric vehicle market by selling over 3 million vehicles. China's great productivity in generating clean and renewable energy, offering high-quality goods at low prices, is helping other countries develop their own clean energy production. China's global role in the energy transition …

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