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Global solar growth is on track for another record-breaking year

Baua Electric

Photo: CGTN Global solar installations are set to beat most industry forecasts, with 593 gigawatts (GW) expected to be added by the end of 2024, according to a new report by energy think tank Ember. Strong growth in established markets is combining with rapid acceleration elsewhere to make solar additions higher than ever before.

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In a first, a German offshore wind farm will use Chinese turbines

Baua Electric

A German offshore wind farm in the North Sea will use Chinese-made turbines for the first time (and they’re mighty). megawatts (MW) of capacity each for installation in 2028. megawatts (MW) of capacity each for installation in 2028. The gigantic turbines have a rotor diameter of 260 meters (853 feet).

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Europe may slap retroactive tariffs on Chinese EVs

Baua Electric

Possible “remedies” on the table include retroactive tariffs on Chinese EVs. Back in October 2023, Europe launched its formal investigation into the Chinese EV industry, as European companies are struggling to compete with the cheap, high-tech Chinese imports, made by low-cost labor, entering the European Union.

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Cheap solar panels from China are all over Europe – and everyone is freaking out

Baua Electric

Photo by Pixabay on Pexels.com Europe is installing more solar panels than ever before, thanks to a flood of cheap Chinese solar panels, driving installations by 40% last year. But it comes at a hefty cost: Local solar manufacturers are on the brink of a total collapse that could happen within weeks.

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World’s largest solar panel maker to slash thousands of jobs

Baua Electric

However, the Xi’an-based solar panel maker disputed the 30% figure and said job reductions would amount to around 5% of its workforce. China leads global solar manufacturing by far, and a glut of solar panels has meant that solar panel prices plummeted last year, so solar panel makers have had to sell at or below production costs.

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Solar to meet half of global electricity demand growth in 2024 and 2025

Baua Electric

Photo: Cypress Creek Renewables Global electricity demand is rising at its fastest rate in two decades, but solar is on course to meet half of demand growth, says the IEA. Solar alone is expected to meet roughly half of the growth in global electricity demand in 2024 and 2025 – with solar and wind combined meeting as much as 75% of growth.

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In a world first, China installs an 18 MW offshore wind turbine

Baua Electric

Photo: DongFang Electric Corporation China has installed an 18-megawatt (MW) offshore wind turbine – the world’s largest by power rating – in Guangdong province. State-owned power generator manufacturer Dongfang Electric Corporation completed the installation of the massive wind turbine at a coastal test base in Shantou on June 5.

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