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March 1st - At the start of the Year of the Horse, many provinces have released detailed rules and regulations for their car trade-in programs. Statistics show that since February 10th, more than five provinces, including Hunan, Qinghai, Henan, Fujian, and Jiangxi, have successively issued detailed rules and regulations for their car trade-in programs. Currently, all provinces in mainland China have released detailed rules and regulations for the 2026 national car subsidy program. A comprehensive review shows that the subsidy details released by various provinces are largely the same. The policy implementation period is from January 1, 2026 to December 31, 2026. The subsidy program is divided into scrapping and replacement. The scrapping subsidy standard is as follows: for scrapping a qualified old car and purchasing a new energy passenger vehicle, a subsidy of 12% of the new cars sales price will be given, with a maximum subsidy of 20,000 yuan; for scrapping a qualified gasoline passenger vehicle and purchasing a gasoline passenger vehicle with an engine displacement of 2.0 liters or less, a subsidy of 10% of the new cars sales price will be given, with a maximum subsidy of 15,000 yuan. The replacement subsidy standards are as follows: For those who replace their vehicles with eligible new energy passenger vehicles, a subsidy of 8% of the new vehicles sales price will be granted, with a maximum subsidy of 15,000 yuan. For those who replace their vehicles with eligible gasoline passenger vehicles, a subsidy of 6% of the new vehicles sales price will be granted, with a maximum subsidy of 13,000 yuan.Royal Bank of Canada analyst Helima Croft: If the conflict drags on, Washington officials may regret not replenishing the Strategic Petroleum Reserve (SPR).Royal Bank of Canada analyst Helima Croft: Due to a lack of actual production capacity, any headlines tomorrow about OPEC+ increasing production will have a limited impact on oil prices.Royal Bank of Canada analyst Helima Croft: As we understand it, regional leaders have warned the United States of the risk of renewed conflict with Iran, noting that oil prices breaking through $100 a barrel would pose a significant risk.Samsung Electronics plans to achieve AI-powered autonomous factories globally by 2030.

In the United States, solar costs increased by more than 8 percent in the second quarter

Charlie Brooks

Jul 15, 2022 10:35

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According to a research published late on Wednesday, solar energy prices in the United States climbed by 8.1% in the second quarter as a result of an investigation by the Commerce Department into tariffs on Southeast Asian products and growing input costs.


According to a quarterly index that analyzes renewable energy transactions and is collected by LevelTen Energy, the increase amounted to a remarkable 29.7 percent increase in the overall price of wind and solar contracts, also known as power purchase agreements (PPAs), compared to the previous year.


Compared to the previous year, the cost of solar PPAs has climbed by 25.7%.


Since the Russian invasion of Ukraine, economic, logistical, and labor market problems caused by the coronavirus outbreak have intensified, undoing a decade of renewable energy industry cost reductions.


Wind contract expenditures grew by 2.5% during the quarter and have grown by 33.7% annually. Third-quarter wind energy costs in the Southwest Power Pool (NASDAQ:POOL) jumped by 16 percent due to a lack of transmission capacity. Some of the nation's most windy regions, including parts of Nebraska, Oklahoma, and Texas, are served by the grid operator.


LevelTen claimed that it was too soon to evaluate whether or not the decision by U.S. President Joe Biden in early June to waive tariffs on solar panels from the four Asian countries included in the probe for two years will alleviate some of the cost pressure.


In a survey of fifty developers conducted by the firm, around one-third responded that they wanted additional assurances that tariffs would not be applied retroactively if the Commerce Department were to implement them after the two-year wait.


LevelTen reports that the rising cost of wind and solar contracts for corporate and utility buyers has mirrored the rising cost of natural gas-related wholesale energy prices.


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