Tag Archives: GRE

PR Newswire

Star Charge Expands its Manufacturing to USA in Central Ohio to Meet Increasing Needs

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FREMONT, Calif., Dec. 12, 2023 /PRNewswire/ — Star Charge, a global leader in Electric Vehicle Charging Infrastructure with a proven track record of delivering up to 2 million EV chargers in more than 60 countries, is excited to announce the expansion of its manufacturing facility to the USA with the establishment of a new plant in Columbus, Ohio. The decision to set up in Central Ohio is driven by a favorable business environment, reasonable operational costs, a robust supply chain, and attractive government incentives. The plant is set to commence production in the first quarter of 2024.

Star Charge’s new plant in Columbus, Ohio
Star Charge’s new plant in Columbus, Ohio

This factory will see an initial production capacity of over 20,000 chargers annually, incorporating a range of AC, DC, and bi-directional chargers, spanning from 7kW to 480kW, particularly designed to meet the needs of various applications, including residential, school buses, commercial fleets, and public charging stations. The Ohio plant will manufacture NEVI (Next-Generation Electric Vehicle Infrastructure) ready DC fast chargers, including the Titan 150KW and Neptune split system models. Renowned for their over 97% efficiency and intelligent dynamic load management features, these chargers contribute to the operational efficiency of charging stations.

Herman Chang , CEO of Star Charge stated, “The US is one of the largest EV markets and is expected to continuously grow over the next decade. Establishing our new facility in Ohio aligns with our commitment and is crucial to our company strategy”. He further explained, “Alongside this new plant, we are actively seeking to engage with local talents, foster strategic partnerships, and establish dedicated service teams to enhance our operations and accessibility to our US customers. Our goal is to work with our US customers to explore innovative solutions that drive e-mobility adoption and microgrids for a sustainable future”.

Join us at CES 2024:

Star Charge invites you to visit Booth 8905 at the Las Vegas Convention Center North Hall during CES 2024 from Jan. 9 ~ 12. Explore our latest innovations in EV charging infrastructure and microgrid solutions for various scenarios including residential, public charging, commercial & industrial. On-site events will be scheduled at the booth and Star Charge executives will be present to discuss the growth plans in the US market.

About Star Charge:

Star Charge, a global leader in electric vehicle charging infrastructure and microgrid solutions, operates in 20 countries with manufacturing facilities in China, Vietnam, and the USA. To contribute to the energy transition towards a more sustainable future, we focus on evolving our solutions through innovative technology in the e-mobility sector, aiming to build a mobile and efficient energy network.

For additional details, please visit www.starcharge.com

PR Newswire

ACX and Sylvera partner to broaden access to high-quality carbon credit investment and trading

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  • Carbon data provider and exchange collaborate to launch a standardized contract of highly-rated carbon credits, promoting quality in the market.
  • The credits will be available for trading on ACX’s exchange.
  • It is the first step in the partnership as the two companies team up to bring further transparency and improve accessibility in carbon credit trading.

ABU DHABI, UAE and SINGAPORE and LONDON, Dec. 6, 2023 /PRNewswire/ — ACX, the leading environmental markets exchange, has partnered with Sylvera, a leading carbon data provider, to develop the first standardized contract of high-quality carbon credits rated A-AAA available to trade on ACX’s exchange.

Purchasing carbon credits, which fund projects around the world like protecting rainforests from deforestation or degradation, is one of the most established and scalable ways to channel finance to effective climate outcomes. ACX’s SYLVERA ‘A’ Nature Tonne (SAN) contract accepts only carbon credits from Sylvera’s highest-rated projects — A and above (AA & AAA) with co-benefits score of three and above — giving buyers confidence that they are investing in credits high in environmental integrity. In addition, the contract ensures projects comply with social and environmental safeguards, reducing complexities and simplifying decision-making in the trading process. The nature-based carbon credits will be from REDD+, Afforestation, Reforestation, and Restoration (ARR), and Improved Forest Management (IFM) projects of all vintages.

The partnership comes at a critical juncture for carbon credits. As targets for net zero reach ever closer, the carbon markets are poised for significant growth, with some estimating it will reach $250bn by 2030. However, investors need robust, unconflicted information and accurate impact assessment of these carbon credits. This standardized contract is a first of its kind, giving buyers a scalable way to access high-quality carbon credits. Assessed against Sylvera’s rigorous project evaluation methodologies and cutting-edge technology and held by a secure and regulated exchange, buyers can direct more funding to the projects having maximum climate impact.

The collaboration is the first step in the partnership between the two companies to build innovative solutions that increase transparency and drive simplicity in carbon trading.

Sam Gill, Co-Founder and President at Sylvera, said, “Exchanges like ACX have a critical role to play in providing investors with more robust data and information at the point of decision making to ensure the effectiveness of climate action investments and measure and benchmark progress against net zero targets. Together, we can build a more transparent, comprehensible, and high-quality voluntary carbon market that drives forward real climate impact.”

Wei Mei Hum, Global Head of Environmental Products at ACX, said, “We have observed that the market has been on the search for ‘High-Quality Carbon Credits’ for over two years, but with a practical way of identifying such credits eluding most buyers, barring those with the specialized expertise or access to in-depth information on projects. Partnering with Sylvera has allowed for the creation of a standardized contract aligned with Sylvera’s rigorous ratings methodology. It provides assurance to the market that they will be accessing a grade of truly high-quality credits derived from projects assessed based not only on environmental integrity but also their co-benefits. We hope that the SAN contract will further precipitate the scaling up of truly high-quality VCM.”

About Sylvera

Sylvera is a leading carbon data provider on a mission to incentivize investment in real climate action. To help organizations ensure they’re making the most effective investments toward net zero, we build software that independently and accurately automates the evaluation of carbon projects that capture, remove, or avoid emissions. With Sylvera’s data and tools, businesses and governments can confidently invest in, benchmark, deliver, and report real climate impact. Co-founded in 2020 by Dr. Allister Furey and Sam Gill, the company is headquartered in London with additional offices in Belgrade and New York. To date, Sylvera has raised over $96 million from investors such as Balderton Capital, Index Ventures, Insight Partners, LocalGlobe, and Salesforce Ventures. Learn more at  www.sylvera.com.

About ACX Group:

ACX Group, including ACX Abu Dhabi (ACX Ltd) and ACX Singapore (AirCarbon Pte. Ltd.), which operate environmental markets platforms in Abu Dhabi and Singapore respectively, caters to corporates, financial traders, carbon project developers and other industry stakeholders. ACX Group provides participants with efficient and transparent trading platforms that are user-friendly, seamless and offer the lowest transaction fees in the market. Leveraging distributed ledger technology, ACX Group facilitates and scales growth of the environmental product markets to align with global ambitions of achieving Net Zero.

ACX Group is proud to be a member of the International Emissions Trading Association (IETA) and the International Sustainability and Carbon Certification (ISCC), further enhancing its commitment to sustainability and responsible trading practices for carbon and other environmental products. ACX Group has garnered international recognition as the Best Carbon Exchange globally in Environmental Finance’s esteemed Voluntary Carbon Market Rankings for three consecutive years (2021, 2022, 2023), solidifying its position as a leader in the industry.

For more information, please contact info@acx.net or visit www.acx.net.

PR Newswire

EVE Energy Brings Battery Products Showcase for China International Supply Chain Expo

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BEIJING, Dec. 2, 2023 /PRNewswire/ — EVE Energy Co., Ltd., (“EVE Energy”) a leading global lithium-ion battery manufacturer, presents its cutting-edge consumer, power, and energy storage battery products in the inaugural China International Supply Chain Expo (CISCE) 2023 in Beijing, to demonstrate its commitment to low-carbon emissions and sustainable industry practices.

Immersion Cooling Battery Pack
Immersion Cooling Battery Pack

EVE Energy has been focusing efforts on advancing green energy applications in smart homes, urban transportation, and the energy internet sectors. This approach has been part of EVE Energy’s broader strategy to facilitate the low-carbon transformation of various industries and contribute to building a greener industrial ecosystem. At CISCE 2023, EVE Energy is taking a significant step in sharing a new approach to industry-wide carbon reduction, focusing on comprehensive solutions for consumer, power, and energy storage field.

Centered around the theme “EVE Energy is always by your side“, the company’s booth, located at Booth H21 in Hall W4 (Intelligent Automotive Chain) at China International Exhibition Center (Shunyi Venue) in Beijing, immerses visitors in scenarios of intelligent transportation and smart living. The display includes a diverse array of products, such as, medical batteries, consumer batteries, power batteries, energy storage batteries, battery systems, and three-dimensional models of energy storage containers. Additionally, EVE Energy shares insights into its dual carbon practice and industrial chain layout.

EVE’s consumer batteries are known for their long life, high reliability, enhanced safety, and low discharge rates. Recognized by various industry customers for their high quality and comprehensive solutions, EVE has supplied over 1.7 billion smart meter batteries worldwide, leading in sales and exports for six consecutive years in China. EVE’s consumer lithium-ion products are trusted by top-tier global brands, and its cylindrical batteries power prominent power tool and electric two-wheeler brands.

Also highlighted at the exhibition are its innovative Mr. Big energy storage product, previously showcased at RE+ 2023 in the US, as well as its signature Immerision Cooling Battery Pack, previously showcased at IAA 2023 in Germany. The Immersion Cooling Battery Pack is applied to sedans and PHEVs with high safety, high power and ultra-fast-charging characteristics. The battery pack can be charged from 10%-80% SOC in just 9 minutes which has improved 55%. 

With 22 years of dedication to the lithium battery field, EVE Energy has mastered core technologies in consumer, power, and energy storage batteries, offering comprehensive solutions widely applied in the Internet of Things and Energy Internet domains. The company has established a full industry chain layout, spanning from nickel-cobalt-lithium mining to battery materials, production, recycling, and remanufacturing, positioning itself as a globally influential lithium battery platform company.

In its quest to build a low-carbon industrial infrastructure, EVE Energy has adopted a “next-door supply” strategy, recycling materials from spent batteries to reduce resource waste. The company’s technological innovations have increased the recovery rate of valuable metals and expanded industrial chain cooperation in resource recycling. In November 2022, EVE Power, a subsidiary of EVE Energy, received carbon-neutral certification for its eleventh factory in Hubei. Leveraging its expertise in building zero-carbon factories, EVE Energy aims to complete three such facilities by 2025. Additionally, the construction of EVE Energy’s environmentally friendly battery factory in Hungary, slated for completion in 2026, will incorporate solar and energy storage systems, promoting efficient use of clean energy and advocating for green electricity production to continually manage carbon emissions.

For more information about EVE Energy, please visit https://www.evebattery.com/en.

About EVE Energy

Founded in 2001 and listed in Shenzhen in 2009, EVE Energy has developed into a global player in the market, providing core technologies and comprehensive solutions for both consumer and power batteries, especially in the Internet of Things and the Energy Internet. Currently, EVE Energy has set up a research institute with 60 doctors and over 5,300 interdisciplinary R&D engineers in materials, electrochemistry, structure design, and electronic circuit design, obtained over 6,700 patents in China. The company launched a carbon reduction roadmap with a series of low-carbon reduction efforts in energy use, the manufacturing process, the supply chain, and resource management, and was named a “National Green Factory.”

PR Newswire

JinkoSolar to participate at COP28 United Nations climate conference

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SHANGRAO, China, Nov. 30, 2023 /PRNewswire/ — JinkoSolar Holding Co., Ltd. (“JinkoSolar” or the “Company”) (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced its participation at the COP28 United Nations climate change conference taking place in Dubai from November 30th to December 12th, underlining its leadership role in the solar energy sector and its commitment to addressing the challenges posed by global warming on a global scale.

This year’s COP28 motto “Partnership Promotes Progress”, could not be more accurate. “Collaborative action is urgently needed to deliver an equitable energy transition. COP28 provides an excellent forum for real progress to be made towards climate action,” stated Dany Qian, Vice President of Jinkosolar. She added, “Increasing global temperatures and environmental disasters show that we are already behind schedule. Any extra barriers to halt the progress doesn’t make sense. Every decision we make and action we take must be for the benefit of everyone on earth. “

As a full participant in the efforts to combat global warming, the Company will have a presence at the main conference and deliver a keynote speech titled ‘Solar is all, solar is for all’ in a series of key side events, engaging with all stakeholders to provide concrete actions for a just, equitable and affordable energy transition for all.

Jinkosolar is committed to accelerating transitioning to a world powered by more sustainable energy. Through its innovative technologies, extensive experience and a proven deliverable strategy, the Company is helping to make solar the answer to climate change.

As the world’s first solar company joining RE100 and EP100, Jinkosolar has committed to power 100% of its own business activities along its entire value chain with renewable energy by 2028.

About JinkoSolar Holding Co., Ltd.

JinkoSolar (NYSE: JKS) is one of the largest and most innovative solar module manufacturers in the world. JinkoSolar distributes its solar products and sells its solutions and services to a diversified international utility, commercial and residential customer base in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, Netherlands, Poland, Austria, Switzerland, Greece and other countries and regions.

JinkoSolar had 14 productions facilities globally, 24 overseas subsidiaries in Japan, South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, the United States, Mexico, Brazil, Chile, Australia, Canada, Malaysia, the United Arab Emirates, Denmark, Indonesia, Nigeria and Saudi Arabia, and global sales teams in China, the United States, Canada, Brazil, Chile, Mexico, Italy, Germany, Turkey, Spain, Japan, the United Arab Emirates, Netherlands, Vietnam and India, as of September 30, 2023.

To find out more, please see: www.jinkosolar.com

Safe Harbor Statement

This press release contains forward-looking statements. These statements constitute “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, the quotations from management in this press release and the Company’s operations and business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in JinkoSolar’s filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Except as required by law, the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

For investor and media inquiries, please contact:
Ms. Stella Wang
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5180-8777 ext.7806
Email: pr@jinkosolar.com  

Source: JinkoSolar Holding Co., Ltd.

PR Newswire

Enabling Pathways to a Sustainable Future: KAPSARC’s Active Role at COP28

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RIYADH, Saudi Arabia, Nov. 30, 2023 /PRNewswire/ — As the world eagerly anticipates the 2023 United Nations Climate Change Conference of the Parties (COP28) in Dubai from November 30 to December 12, the King Abdullah Petroleum Studies & Research Center (KAPSARC) positions itself at the forefront, ready to contribute with invaluable energy expertise and insights to help shape the global discourse on climate strategies and policies.

Enabling Pathways to a Sustainable Future: KAPSARC's Active Role at COP28
Enabling Pathways to a Sustainable Future: KAPSARC’s Active Role at COP28

COP28 signifies a pivotal moment in our collective journey, working to deliver solutions that reduce greenhouse gas (GHG) emissions and limit global warming to 1.5 degrees Celsius in accordance with the Paris Agreement goals. With a central focus on global stocktake, mitigation, adaptation and finance the conference aims to provide actionable energy pathways, setting the stage for a resilient and inclusive climate future.

In anticipation of this critical event, KAPSARC’s President Fahad Alajlan expresses the center’s dedication, stating, “As a UNFCCC accredited observer, KAPSARC eagerly joins this year’s COP28, hosting an official side event and additional activities, engaging in panel discussions, and pledging to contribute expertise and insights to global initiatives combating climate challenges.”

KAPSARC’s engagement in COP28 spans across diverse and critical topics, reflecting the center’s commitment to science-backed and data-driven discussions. With over 20 events and contributions from more than 15 experts spanning four critical themes, KAPSARC is poised to actively participate in this important climate dialogue.

Highlighted KAPSARC events at COP28:

Connecting the Dots for the Hydrogen Economy – December 3: Shahid Hasan, Fellow- KAPSARC. Ghassan Wakim, Zero-carbon Fuels Production and Export Director, Clean Air Task Force, Rami Shabaneh, Fellow- KAPSARC.

Decarbonizing Aviation and Maritime Sectors – December 4: Andres Felipe-Guzman, Fellow- KAPSARC, Nora Nezamuddin, Fellow- KAPSARC.

Role of LPG in Enabling the Just & Inclusive Energy Transition – December 5: Fateh Belaid, Fellow- KAPSARC.

Hard-to-abate Sectors in the Energy Transition: Bridging Gaps in Implementation & Enablers – December 6: Fahad Alajlan, President – KAPSARC Fatih Yilmaz, Fellow I- KAPSARC – Mohamad Hejazi, Director Climate & Sustainability – KAPSARC.

Launch of the 2023 Circular Carbon Economy Index – December 9: Fatih Yilmaz, Fellow, KAPSARC.

Satellite Technology for Measuring & Tracking GHG Emissions – December 10: Walid Matar– KAPSARC. Anwar Gasim, KAPSARC, Abdelrahman Muhsen, KAPSARC.

For media inquiries please contact Rami Husseini, rami.husseini@havasme.com, media@kapsarc.org, +966506635580

*About KAPSARC:

KAPSARC is a leading Middle East think tank dedicated to advancing knowledge on energy, environment, and regional economic issues. Accredited observer of UNFCCC, KAPSARC actively contributes to global climate action. The mission of KAPSARC is to advance Saudi Arabia’s energy sector and inform global policies through evidence-based advice and applied research. 

PR Newswire

Emeren Announces Third Quarter 2023 Financial Results

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STAMFORD, Conn., Nov. 22, 2023 /PRNewswire/ — Emeren Group Ltd (“Emeren” or the “Company”) (www.emeren.com) (NYSE: SOL), a leading global solar project developer, owner, and operator, today announced its unaudited financial results for the third quarter ended September 30, 2023. Emeren’s third quarter 2023 financial results and management commentary can be found by accessing the Company’s shareholder letter on the quarterly results page of the Investor Relations section of Emeren Group Ltd’s website at https://ir.emeren.com/.

Emeren Group Ltd will host a conference call today to discuss the results. 

Conference Call Details

We will host a conference call today to discuss our third quarter 2023 business and financial results. The call is scheduled to begin at 5:00 p.m. U.S. Eastern Time on Tuesday, Nov 21, 2023.

Please register in advance to join the conference call using the link provided below and dial in 10 minutes before the call is scheduled to begin. Conference call access information will be provided upon registration.

Participant Online Registration:  
https://register.vevent.com/register/BI6944c83bc2164d9997e83efdf0f3e6ae

Audio-only Webcast:
https://edge.media-server.com/mmc/p/tm2gvazf

Additionally, an archived webcast of the conference call will be available on the Investor Relations section of Emeren Group Ltd’s website at https://ir.emeren.com/.

About Emeren Group Ltd
Emeren Group Ltd (NYSE: SOL) is a leading global solar project developer, owner, and operator with a pipeline of projects and IPP assets totaling over 3 GW, as well as a storage pipeline of over 10 GWh across Europe, North America, and Asia. The Company focuses on solar power project development, construction management and project financing services with local professional teams across multiple countries. For more information, go to www.emeren.com.

PR Newswire

TAILG’s New Brand TLG Makes Spectacular Debut at EICMA in Milan, Italy

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Inaugurating its Presence in Europe, TLG Unveils First Flagship Store in Switzerland

MILAN, Nov. 9, 2023 /PRNewswire/ — On November 8, TAILG showcased its new brand at EICMA, Italy’s premier exhibition for motorcycles. The company unveiled TLG to a global audience and simultaneously inked a deal to open its first European flagship store in Switzerland.


TAILG ‘s new TLG brand makes spectacular debut

TLG, drawing on TAILG’s over 20 years of R&D expertise in the two and three-wheeled electric vehicle sector, was created to meet the demands of urban commuting with electric bikes and scooters. Embodying the ethos of Try · Love · Go, the brand is dedicated to shaping a personalized, intelligent urban travel lifestyle.

The four founders of TAILG took to the stage to unveil the new brand at the launch event.

Sun Muchai, Senior Vice President of TAILG, highlighted that TLG, backed by TAILG ‘s extensive technological expertise and intelligent manufacturing infrastructure in the electric vehicle sector, embodies the group’s unwavering commitment to global markets.

TAILG has consistently been dedicated to exploring green, low-carbon and eco-friendly concepts, with a focus on the experience of riders worldwide using electric two-wheel transportation. As an electric mobility partner of the United Nations Environment Programme (UNEP), TAILG has consistently collaborated with UNEP to actively champion the principles of low-carbon mobility and electric mobility solutions across the globe for many years.

“TAILG is committed to providing users with smart short-distance travel solutions that embody simplicity, elegance, intelligence, and agility. We also aspire to deliver a technologically sophisticated, resilient, and enduring brand and product experience while placing significant emphasis on community culture and engagement. We hope that consumers will fall in love it from the first ride,” added Mr. Sun.

Multiple new products make their worldwide debut

As a global trendsetter for two-wheelers, TAILG ‘s decision to launch the new TLG brand at EICMA holds great significance. In recent years, the global two-wheeled vehicle market has experienced rapid growth, especially in Europe, with France, Germany, Italy, and the Netherlands leading the way.

In a bid to offer European consumers superior low-carbon, eco-friendly short-distance travel solutions, TLG has strategically positioned itself in the mid-to-high-end markets and has been committed to providing customized products based on local regional characteristics, user habits and market segments, with a focus on E-Bikes and E-scooters.

During the launch event, several new products, including the GTS, CTS and TL6, were unveiled.


Simultaneously, a strategic cooperation agreement on TLG’s first European flagship store was formally signed by TAILG and the business partner. The 400-square-meter venue will soon open in Switzerland and be the first in Europe where local consumers can quickly experience new TLG products following their launch.

At the EICMA 2023, TAILG also unveiled several new TAILG offerings, including the S1, S2, and ETS, which are ideal for city dwellers, as well as the TY3 and TY3 PRO, two off-road racing models designed specifically for young enthusiasts. These releases provide consumers with a broad range of product options.

About TAILG

Founded in 2004 in Shenzhen, China, TAILG is a global technology group company which integrates the research and development, production, sales, sharing, and charging & swapping of electric vehicles, and other whole industry chain services. Relying on the high-standard R&D center, TAILG owns more than 1,000 national patents and operates nine production bases in China and has an annual production capacity of over 12 million vehicles. It also has more than 30,000 terminal experience stores and exports to more than 90 countries and regions worldwide.

For more information, please visit https://www.tailg.com/.

PR Newswire

Masdar signs 1GW Clean Energy Agreement in Azerbaijan following Presidential Inauguration of Garadagh Solar Park, Largest in the Region

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– Masdar signs three investment agreements for two solar projects and one onshore wind project with combined capacity of 1GW, supporting Azerbaijan’s 2030 clean energy ambitions

– Garadagh inauguration attended by HE Ilham Aliyev, President of the Republic of Azerbaijan and HE Dr Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, COP28 President-Designate, and Chairman of Masdar

– HE Dr Sultan Ahmed Al Jaber calls on all nations to follow Azerbaijan in setting clear energy transition plans to deliver a COP of action, a COP of solidarity, a COP for all

– Garadagh is Masdar’s first renewable energy project in Azerbaijan as the company expands its footprint across Caucasus and Central Asia

BAKU, Azerbaijan, Oct. 26, 2023 /PRNewswire/ — Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s clean energy powerhouse, has signed agreements for solar and onshore wind projects with a total capacity of 1 gigawatt (GW) in Azerbaijan, following the inauguration of the region’s largest operational solar plant, the 230MW Garadagh Solar Park.

HE Ilham Aliyev, President of the Republic of Azerbaijan and senior UAE delegation inaugurate the 230MW Garadagh Solar Park, region’s largest operational solar plant
HE Ilham Aliyev, President of the Republic of Azerbaijan and senior UAE delegation inaugurate the 230MW Garadagh Solar Park, region’s largest operational solar plant

The strategic agreements cover the progression of the first phase of a 10GW pipeline of renewable energy projects in Azerbaijan signed in June 2022. This follows the successful development of Garadagh, Azerbaijan’s first foreign investment-based independent solar power project, and the largest solar plant in the region.

The inauguration of Garadagh was overseen by HE Ilham Aliyev, President of the Republic of Azerbaijan and HE Dr Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, COP28 President-Designate, and Chairman of Masdar.

The 1GW clean energy agreements were signed by Masdar Chief Executive Officer, Mohamed Jameel Al Ramahi, Azerbaijan Minister of Energy, HE Parviz Shahbazov and Azerbaijan Minister of the Economy, HE Mikayil Jabbarov.

Also in attendance at the inauguration were HE Suhail Al Mazrouei, UAE Minister of Energy; HE Mohamed Hassan Alsuwaidi, UAE Minister of Investment and Deputy Chairman of Masdar; HE Ahmed Ali Al Sayegh, Minister of State; HE Mohammed Murad Al Blooshi, UAE Ambassador to Azerbaijan, and HE Mohammed Saif Al Suwaidi, Director General of Abu Dhabi Fund for Development, and HE Elchin Bagirov, Ambassador Extraordinary and Plenipotentiary of Azerbaijan to the UAE attended.

HE Dr Sultan Al Jaber, COP28 President-Designate and Chairman of Masdar, said: “Garadagh is a testament to our shared commitment to diversifying the global energy mix. Azerbaijan’s ambition to develop low and zero-carbon solutions through renewable energy, is exactly what the world needs at this time.

“The UAE is proud to support Azerbaijan’s clean energy goals, to generate more than 30 percent of its overall energy capacity from renewables by 2030. We need all nations of the world to set out clear energy transition plans with clear targets for renewable energy capacity. As the UAE prepares to host COP28 in November, our North Star for climate action must be to keep the ambition of limiting global temperatures to 1.5C within reach.”

Speaking at the inauguration event, Dr Sultan Al Jaber also commended His Excellency President Ilham Aliyev and the nation of Azerbaijan for its commitment to a defined, strategic plan of action to develop new industries, new jobs and green economic growth. 

In his speech HE Dr Sultan said:

  • With just 34 days to COP28, Garadagh illustrates the practical action needed to turn the goals of the Paris Agreement into tangible reality.
  • Paris unified the world around a common goal, but since then, we have not seen enough action to close a massive emissions gap.
  • While investment in renewable energy continues to grow, with a record 500GW added globally this year, the world must triple renewable energy capacity by 2030 to keep 1.5 within reach.
  • It is critical to bring everybody to the table to be part of the solution. This is the spirit of inclusivity needed at COP28, bringing the world together to focus on solutions and results.

HE Parviz Shahbazov, Azerbaijan Minister of Energy, commented: “Today is marked by the achievements of the state policy of the President of Azerbaijan, which prioritizes the development of renewable energy. The commissioning of the largest solar power plant based on the first foreign investment in our energy history, as well as the signing of investment agreements for the implementation of solar and wind energy projects with a capacity of 1000 MW, show that our country’s green energy and green investment plans are successfully becoming a reality. Azerbaijan is pleased to realize its strategic goals as a green energy producing and exporting country with Masdar and these projects will play an important role in increasing the share of renewable energy sources in electricity generation capacity to 30 percent by 2030.”

The Garadagh plant which represents Masdar’s first project in the country, will generate half a billion kilowatt-hours of electricity each year, enough to power more than 110,000 homes, reducing carbon emissions by over 200,000 tonnes a year. The project is co-financed by Abu Dhabi Fund for Development, the Asian Development Bank, the European Bank for Reconstruction and Development and Japan International Cooperation Agency.

Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, said: “The inauguration of Garadagh, the largest operational plant in the region, is a milestone achievement. Azerbaijan is a key strategic partner for Masdar and the signing of these additional agreements today pave the way to accelerate the scale of Azerbaijan’s clean energy vision. Garadagh is the first in a number of potential projects to develop onshore wind, offshore wind, solar and green hydrogen with a total combined capacity of 10GW. This will lead to greater investment and international collaboration as we work together to help Azerbaijan achieve its ambitious climate goals.”

As the UAE’s clean energy powerhouse and one of the leading clean energy companies in the world, Masdar is accelerating the development and deployment of renewable energy and green hydrogen technologies to address global sustainability challenges.

Established in 2006, Masdar is active in more than 40 countries with a total electricity generation capacity of more than 20GW. It has invested, or committed to invest, in worldwide projects with a combined value of more than US$30 billion with ambitious growth plans to reach 100GW and 1 million tonnes of green hydrogen by 2030.

About Masdar

Abu Dhabi Future Energy Company (Masdar) is the UAE’s clean energy champion and one of the largest companies of its kind in the world, advancing the development and deployment of renewable energy and green hydrogen technologies to address global sustainability challenges. Established in 2006, Masdar is today active in over 40 countries, helping them to achieve their clean energy objectives and advance sustainable development. Masdar is jointly owned by Abu Dhabi National Oil Company (ADNOC), Mubadala Investment Company (Mubadala), and Abu Dhabi National Energy Company (TAQA), and under this ownership the company is targeting a renewable energy portfolio capacity of at least 100 gigawatts (GW) by 2030 and an annual green hydrogen production capacity of up to 1 million tonnes by the same year.

For more information, please visit: http://www.masdar.ae and connect: facebook.com/masdar.ae and twitter.com/masdar.

HE Ilham Aliyev, President of the Republic of Azerbaijan, HE Dr Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, COP28 President-Designate, and Chairman of Masdar, along with senior UAE delegation, inaugurate the 230MW Garadagh Solar Park in Azerbaijan
HE Ilham Aliyev, President of the Republic of Azerbaijan, HE Dr Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, COP28 President-Designate, and Chairman of Masdar, along with senior UAE delegation, inaugurate the 230MW Garadagh Solar Park in Azerbaijan
PR Newswire

Chinese automotive industry has overtaken to supercars

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GUANGZHOU, China, Oct. 14, 2023 /PRNewswire/ — On the evening of October 9th, China’s first supercar production line was officially put into production at Hyper in Guangzhou, and AION launched China’s first electric luxury supercar, Hyper SSR with 1.9s 0-100km/h acceleration, which is the world’s first production electric supercar with the world’s fastest acceleration. Meanwhile, we are amazing to see that we can’t see any western parts, all of parts of Hyper SSR are independently developed and manufactured in China.

China’s first supercar production line was officially put into production at Hyper in Guangzhou
China’s first supercar production line was officially put into production at Hyper in Guangzhou

Hyper has established partnerships with leading teams of China in the automotive, aerospace, aviation, high-end electronic, and cutting-edge material industries, and has created the leading Quark motor, magazine battery, long-fiber carbon ceramic brake discs, racing slick tires, and 900V silicon carbide chips, and so on. We have surpassed the West in the core technologies of electric drive and battery of NEVs.

Previously, China has not a say in automotive manufacturing, which is controlled by Europe, Japan and America. With the launch of China’s first supercar and the operation of China’s first supercar production line, we must realize that China is not only leading the market share of NEV segment, but also has owned the ability to compete with the western countries in cutting-edge manufacturing, and the era that Ferrari and Lamborghini monopolize the supercar segment has been ended by China.

Recently, Huawei launched a premium 5G smartphone, which triggered a popular discussion on whether the Chinese tech giant can break through the US blockade on chip technologies. China has demonstrated an increasing threat to the western NEV industry, it is time for the western NEV industry to get wary and take actions to follow our footprints.

PR Newswire

JA Solar and Samsung C&T Cement Partnership with Signing of New Strategic Cooperation Agreement

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BEIJING, Oct. 8, 2023 /PRNewswire/ — Seong Kon Kim, Vice President and Renewables ENG Team Leader of Samsung C&T CORPORATION (Engineering and Construction Group), paid a visit to JA Solar’s Beijing Headquarters on August 28th. During the visit, a significant milestone was achieved as JA Solar and Samsung C&T signed a strategic cooperation agreement, spanning from 2023 to 2025. The contracts were signed by Yang Aiqing, the Rotating President of JA Solar, and Kim, Vice President of Samsung C&T, solidifying the partnership between the two organizations.

JA Solar and Samsung C&T Cement Partnership with Signing of New Strategic Cooperation Agreement
JA Solar and Samsung C&T Cement Partnership with Signing of New Strategic Cooperation Agreement

During the meeting, Kim stated that JA Solar, as a leading enterprise in the photovoltaic (PV) industry, has played an important role in promoting the global green energy transformation process. Previously, JA Solar has supplied high-efficiency modules for Samsung C&T’s key PV projects, such as the 88MW PV project in Mangilao of Guam and the Qatar 875MW PV power plant project, which shows that the two parties have yielded fruitful results. Samsung C&T extends heartfelt appreciation to JA Solar for its invaluable support in past collaborations. The company is eager to enhance communication channels, fostering even stronger ties between the two parties. Samsung C&T is committed to exploring additional areas of cooperation, seeking opportunities that promote resource complementarity and mutually beneficial development.

Yang warmly welcomed the visit of Samsung C&T. He stated that at present, low-carbon development and green transformation have become a global consensus, and PV, a key driver of growth in the new energy sector, has great potential for development in the future. Since the signing of the global strategic cooperation agreement in 2019, Samsung C&T and JA Solar have achieved remarkable cooperation results, contributing to the early realization of the global carbon neutrality goal. JA Solar is honored to sign a strategic cooperation agreement with Samsung C&T again, and will continue to serve Samsung C&T with reliable and high-efficiency products and services in the future. Building upon the foundation of past cooperation and a strong bond of friendship, JA Solar is excited about the prospect of collaborating with Samsung C&T to drive the successful realization of additional significant PV projects. By working together, both companies aim to make substantial contributions towards the construction of a zero-carbon world.

Source: JA Solar Technology Co., Ltd.