GreenergyDaily
May. 28, 2024
1. EU governments formally cleared on Monday a new law designed to ensure the bloc produces 40% of its solar panels, wind turbines, heat pumps and other clean tech equipment and to help European industry compete with U.S. and Chinese rivals, according to Reuters. The Net Zero Industry Act will enter force next month or early July once it has been signed by the presidents of the European Parliament and the Council and is published in the EU's official journal.
2. Profits of China's major industrial firms increased 4.3% YoY to 2.09T yuan (about $288.5B) in the 1st 4 months of 2024.
3. Northwestern China's Qinghai province has established the country's first green power transmission corridor, delivering green electricity to 15 provincial-level regions across the country.
4. Shares of Songyuan Automotive Safety Systems advanced after the Chinese maker of auto safety gear said it plans to build a new plant in Malaysia to better meet the overseas demand from existing and potential new customers.
5. Great Wall Motor will not participate in the "malignant" competition in China's automotive industry, which was the main cause of the decline in sales of its Haval H6 and the disorderly market, Chairman Wei Jianjun said yesterday.
6. ADNOC announced an increase in its local manufacturing target for critical industrial products in its procurement pipeline to $24.5 billion by 2030 to propel UAE's and expand local manufacturing capabilities.
7. Profits of China's automobile industry rose 29% to CNY142.8 billion (USD20 billion) in the first four months of the year from a year earlier, said Cui Dongshu, secretary-general of the China Passenger Car Association. Revenues of the industry rose 8% to over CNY3.07 trillion.
8. A total of 2,429 vehicles produced by SAIC Ningde under the MG brand were loaded onto the roll-on/roll-off ship "Elegant Ace" and transported from the Jiangyin Port Area of Fuzhou Port to the UK and Spain recently. It is reported that among this batch of exported vehicles, 855 are new energy vehicles. So far this year, Fuzhou Port's Jiangyin Port Area has exported a total of 5 shiploads, accumulating a total of 14,302 vehicles exported.
9. A Chinese research group including scientists from module maker Tongwei has designed a perovskite solar cell with remarkable perovskite film quality through the so-called self-disintegrating seed strategy. The device not only achieved one of the highest fill factor values ever recorded for perovskite solar to date but also showed remarkable stability, according to PV magazine.
10. To assess renewable energy, particularly solar and wind, considering the limited supply of input materials, researchers from Shenzhen University established novel hybrid multi-criteria decision-making (MCDM) models that include a circular economy principles, waste potential and life cycle assessment (LCA).
