Solar enterprises transfer energy

Why is China investing in solar power?

Li Zhenguo, president of Longi Green Energy Technology Co Ltd, a key player in the photovoltaic sector, believes China's continuous investment in solar power technology has made the renewable energy resource a foundational electricity source for energy transition and carbon neutrality worldwide.

Why are new energy projects less expensive?

In the new energy sector, technological advancement and efficiency improvements are making new photovoltaic and wind power projects less expensive. However, as subsidies for new energy power plant projects continue to shrink, and the new energy power market sees fiercer competition, the return on these projects is declining.

How have private solar companies benefited China?

China's private solar companies have achieved significant breakthroughs in technological innovation in recent years, which have helped China consolidate its global leadership in solar technology, reducing the cost of production while improving energy output.

Why do energy storage projects need to be customised?

The construction of energy storage projects is closely tied to power grid standards and power consumption habits, requiring significant customisation, particularly in overseas power distribution and storage markets, as well as in industrial and commercial energy storage.