THE WHOLE PHOTOVOLTAIC INDUSTRY CONTINUES TO BURN

Jan 04, 2024

Leave a message

Recently, there are 4 major benefits make the entire photovoltaic industry chain continue to burn again!

Benefit 1: China: Fully support the construction of the large-scale scenery base

 

On July 27, the State Council Information Office held a press conference. Li Chuangjun, director of the New Energy and Renewable Energy Department of the National Energy Administration, said at the press conference that the National Energy Administration and the National Development and Reform Commission will make every effort to promote the development of desert, Gobi and desert areas, focusing on the construction of a large-scale wind and photovoltaic base.

 

With the guarantee of the size of the National Wind and Solar Base, China's new installed photovoltaic capacity is expected to exceed 100GW this year, nearly doubling from 2021!

 

The Whole Photovoltaic Industry Continues to Burn 1

 

Benefit 2: US: Clean energy investment tax credits supported

On July 28, Democratic Senator Joe Manchin finally relented and supported a bill that would spend huge sums of money to develop clean energy in the United States. The U.S. plans to invest $369 billion in clean energy and climate change projects over a decade, with the goal of reducing U.S. carbon emissions by 40% by 2030, and the Clean Energy Investment Tax Credit (ITC) will advance most of the reductions. ITC not only stimulates tax deductions for new solar power installations (which in part will be a major boon for imported PV ), but also provides a huge boost to domestic manufacturing of solar products.

 

Benefit 3: EU: The EU votes to increase the installed photovoltaic capacity by another 1/3

From the outbreak of the Russian-Ukrainian conflict till now, the European Union has repeatedly faced increasing gas supply crises and faced increasingly serious energy shortages. On July 26, the European Commission's special energy committee meeting approved the A new regulation proposed a week ago has raised the EU's new installed capacity target this year from 29.9GW previously planned to 39GW, an increase of 1/3, and a total of 13GW in 2022, an increase of 50% over 2021!

 

The Whole Photovoltaic Industry Continues to Burn 2

 

Benefit 4: Germany: Accelerating energy transformation and investing in new energy

On July 27, the German parliament approved the government's special "Climate and Transition Fund" program. The plan will invest 177.5 billion euros ($180 billion) over the next four years to help accelerate the transition to an economy that is cleaner and less dependent on Russia's energy supply. In the context of the coalition government's insistence on environmental protection, Germany's energy transition can only invest in more renewable energy. Then wind energy and solar energy will be the biggest beneficiaries of the plan.

 

The above energy construction and transformation are mainly to solve energy shortages. While guiding users to reduce load and save energy use, in addition to large-scale installed photovoltaic capacity stations, the use of small off-grid industrial and commercial photovoltaics is also very effective and self-consumption. For example, Biglux's off grid Mobile solar power station trailers are can be widely used for many aspects, providing electricity energy. They can be relocated easily for everywhere outdoor without limitations. Just small investment, you can have such mobile solar trailers for selling and rental.

 

The Whole Photovoltaic Industry Continues to Burn 3