that an impressive $1.1 trillion flowed into the global clean energy sector in 2022. According to the clean energy watchdog, almost all sectors received record levels of investment, including renewable energy, energy storage, hydrogen, carbon capture and storage , electrified transport, electrified heat and sustainable materials spurred by a rush to attain energy security amid Russia’s war in Ukraine.
Leading Chinese solar firms are enjoying roaring profits driven by strong demand and an uptick in panel sales: reported a staggering 325% jump in net income to 3.8 billion yuan for the first half of the current year; , the world’s largest panel-maker, reported a 42% year-on-year jump in net profit to 9.2 billion yuan ,JA Solar Technology Co.
Abigail Ross Hopper, president and CEO of the U.S. business lobby Solar Energy Industries Association, told WSJ after the , which has been hailed as a game-changer for the solar sector.