[Pinggao Group won the bid for a 5 * 10 MW photovoltaic project in South Africa] Recently, the China South New Energy Investment and Cooperation Conference was successfully held at Johannesburg Thornton International Convention Center, and Pinggao Group was invited to participate as an important guest. Prior to the meeting, Pinggao International Engineering won the bid for the South African 5 * 10 MW photovoltaic power plant project jointly developed by five investment and development companies, including the local Neogos Energy Company in South Africa, with a winning amount of approximately 200 million yuan. The scope of work for this project includes the survey, design, procurement, construction, commissioning, etc. of the photovoltaic plant area, 5km transmission line, 11kV connection, and 132kV interval expansion. The completion of the project will provide assistance for South Africa to alleviate the power crisis, inject new impetus into practical cooperation between China and South Africa, and is of great significance for promoting local economic and social development. Editor/Ma Xue

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• 2026.02.09 16:30
• [Australia: 120 gigawatt hours of energy storage can provide 98.5% renewable energy supply]
• The latest simulation study shows that the Australian national electricity market can achieve nearly 100% renewable energy supply with only 24 gigawatts/120 gigawatt hours of energy storage, of which renewable energy accounts for 98.5% and the remaining 1.5% is supplemented by other energy sources. This simulation is based on actual electricity data since August 2021, scaling wind and photovoltaic power generation to 60% and 45% of annual demand, respectively, and utilizing existing hydropower synergy balance. The estimated power supply cost is $126 per megawatt hour, which is equivalent to the wholesale electricity price level in the past five years.Editor/Yang Meiling

• 2026.02.09 16:30
• [EU sets new high for battery energy storage installation by 2025]
• In 2025, the EU will add 27.1 gigawatt hours of battery energy storage capacity, a year-on-year increase of 45%, setting a historical record. Since 2021, the total scale of energy storage in the European Union has surged from 7.8 gigawatt hours to 77.3 gigawatt hours, an increase of nearly tenfold. The report points out that public utility scale projects have become the main force, accounting for 55% of the annual new installed capacity, indicating a significant shift in market structure. To meet the energy flexibility needs by 2030, the EU needs to increase its energy storage capacity tenfold to approximately 750 gigawatt hours to support large-scale integration of renewable energy.Editor/Yang Meiling