On July 10-11 local time, Solar&Storage Live Vietnam 2024 was grandly held in Ho Chi Minh City. This exhibition is one of the most influential and largest solar energy exhibitions in Vietnam. As a global photovoltaic distributor, RONGSTAR show advanced products, and the latest market insights. RONGSTAR show products from cooperative brands such as LONGI, TWSOLAR, JASOLAR, DYNESS, and SOLIS, attracting great attention from international customers. RONGSTAR has always attached great importance to the in-depth development and localization construction of the entire Southeast Asian market, including Vietnam, and has gained market recognition through high-quality localization services. This exhibition is an important step for RONGSTAR to accelerate its layout in the Southeast Asian market. In the future, RONGSTAR will also strengthen its own advantages, import more products suitable for the Southeast Asian market, and jointly promote the sustained and high-quality development of the photovoltaic industry. By the end of 2023, the total installed capacity of solar energy in Vietnam has reached approximately 19400 megawatts, accounting for 25% of the total installed capacity. Among these 19400 megawatts, nearly 9300 megawatts are rooftop solar power generation, accounting for 48%. It is expected that by the end of this year, the solar energy market in Vietnam will reach 18.4 gigawatts (GW), and will reach 20.4 GW in five years, with a compound annual growth rate of over 2.1% during the forecast period. This significant growth is mainly attributed to the government's supportive policies, attractive preferential electricity prices (FIT), and Vietnam's abundant solar energy resources

In the first half of 2024, over 172 GW of solar modules were auctioned in China, with Tongwei Solar, LONGi, Das Solar, GCL System Integration, JinkoSolar, and JA Solar emerging as the top bidders. This marks a significant shift in the solar PV market, driven by the rapid adoption of n-type modules and increased demand for higher power modules rated at 580W and above. Companies Securing Tenders in H1 2024 Approximately 40 GW of module tenders disclosed specific suppliers and capacities. Key companies securing significant tenders included: Tongwei Solar LONGi Das Solar GCL System Integration JinkoSolar Each of these companies secured over 3 GW. Other notable performers were JA Solar, Astronergy, DAH Solar, Yingli Solar, and Huansheng PV. Additionally, 132 GW of framework agreements listed the winning companies but did not specify supply capacities. Trina Solar, JA Solar, JinkoSolar, Tongwei, LONGi, Risen Energy, Astronergy, Das Solar, GCL, Canadian Solar, and Yingli each secured more than ten bids. Trina Solar led with 21 bids, followed by JA Solar with 20, JinkoSolar with 18, and Tongwei with 17. Price Trends and Analysis In June, the average bid price for n-type modules was 0.809 RMB/W, about 10% lower than at the start of the year. The lowest bid price has reached the 0.7X RMB/W range, reflecting intense market competition and narrowing profit margins. P-type Modules: Prices fell from 0.943 RMB/W in January to 0.79 RMB/W in June, a 16% drop. N-type Modules: Prices decreased from 0.901 RMB/W in January to 0.809 RMB/W in June, a 13% drop. Recent Developments and Outlook On July 2, China Resources New Energy (Xichang) announced the procurement of 288.2 MW of n-type 610W+ modules, to be supplied in Q4, with a low bid of 0.7535 RMB/W. Recent large-scale bids by state-owned enterprises have seen prices drop below 0.75 RMB/W, indicating ongoing intense price competition. Solarbe Consulting suggests that module production is declining due to limited domestic and international demand, indicating that prices may continue to fall. The future market will depend on how companies adapt and whether prices will stabilize or keep dropping.

Day 3 at Intersolar 2024 - It's a wrap! Rongstar Energy would like to thank all visitors for the exciting and successful trade fair days! It was a lot of fun for our Rongstar Energy team. What an incredible few days the team have had at Intersolar in Munich. It was great to meet with new and existing manufacturer's and learn about all the innovative products on the market and coming soon. Massive thank you to TW Solar, Fox ESS and Sungrow for inviting us to your brilliant parties, you guys definitely know how to do it! Rongstar Energy wants to extend our heartfelt gratitude to everyone who visited us. It was inspiring to engage with numerous industry experts and enthusiasts eager to explore our 话题标签solar innovations and discuss the future of 话题标签solar energy. Your engagement made this event truly memorable and invigorating.  

Rongstar's new partner—— inverter maker Growatt has unveiled a new balcony solar storage system combining its NEO 800TL-X Microinverter and the NOAH 2000 Battery. “Utilizing a Y-Branch Solar Parallel Cable, the NOAH 2000 can be connected to four solar modules, harnessing more solar energy efficiently,” the company said in a statement. “It stores all excess energy in a battery during the daytime and returns it whenever you need it, improving solar energy utilization efficiency.”   According to the company, the recommended PV connection for the system is two inputs of up to 900 W. According to the product’s datasheet, the maximum battery output is up to 800 W. “It has an IP66 waterproof rating, making it safe for use in villas, balconies, gardens, and apartments regardless of the weather conditions,” the company added.   The #Growatt NOAH 2000 Battery: Easy installation, space-saving design, and integration with balcony solar systems.  Curious to learn more about this battery? Explore it further here: ✅  Germany 📩 de@rongstar.com Vietnam 📩 vn@rongstar.com Spain 📩 esp@rongstar.com Poland 📩 pl@rongstar.com Hong Kong 📩 hk@rongstar.com

Rongstar Energy, a authorized distributor of leading brands in the solar energy industry, is thrilled to announce our participation in the upcoming Intersolar Exhibition 2024, scheduled to take place from June 19 to 21, 2024. We cordially invite all our customers, partners, and industry stakeholders to visit our booth, C5.160, where we will showcase latest technologies in PV modules & ESS solutions. We believe that our participation in Intersolar Exhibition 2024 will not only help us showcase our latest products but also provide us with an opportunity to connect with industry peers, share knowledge, and explore new business opportunities. We look forward to meeting our customers and partners at the exhibition and discussing the latest trends and developments in the solar energy industry.   Date: 19-21 JUNE 2024 Add: Munich Germany Booth: C5.160