AGP Executive Report
Last update: 4 hours agoWind Manufacturing: Sany Renewable Energy plans a turbine plant in Egypt as its overseas revenue surges, extending Chinese manufacturers’ push into emerging markets. Household Solar: Higher electricity prices are driving a solar rush in the Philippines: panel imports hit $407 million in the three months through May, up 145% year-on-year, though solar still supplies less than 4% of the country’s power. Grid Reliability: A UK review found control-room staff worried about keeping the lights on and flagged governance and operational issues at the National Energy System Operator. Storage Economics: Four-hour batteries now undercut open-cycle gas in all 43 markets modelled by Wood Mackenzie, while solar is the cheapest new-build power source in most markets studied. Solar Milestone: Global solar generation has surpassed nuclear power for the first time. China’s Hybrid Buildout: A newly connected 1GW project combines solar PV with thermal generation and eight-hour storage, helping shift solar power into evening hours. Grid Infrastructure: Sumitomo Electric opened a £350 million subsea cable factory in Scotland, supporting the connections needed for offshore wind.
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