logo
Thai Deputy Prime Minister and Minister of Energy Visits GoodWe

Thai Deputy Prime Minister and Minister of Energy Visits GoodWe

Yahooa day ago

SUZHOU, China, May 30, 2025 /PRNewswire/ -- In its global headquarters, GoodWe recently welcomed a high-level delegation from Thailand, led by Deputy Prime Minister and Minister of Energy Mr. Pirapan Salirathavibhaga. This visit was part of Thailand's broader initiative to promote clean energy and deepen industrial cooperation with China. During his visit, the Deputy Prime Minister remarked that he was impressed by GoodWe's growth over the past 15 years and expressed expectations for the company's continued contribution to the energy sector, stating he was "looking forward to its achievements over the next 15 years."
GoodWe's CEO Daniel Huang and senior executives hosted the delegation and engaged in a meeting focusing on Thailand's energy transition, clean energy trends, and long-term collaboration opportunities. Mr. Daniel expressed great appreciation to the delegation for their visit, which he described as "an important milestone for GoodWe in fostering closer ties with Thailand's energy leadership" in his welcome remarks.
Since entering the Thai market in 2014, GoodWe has established a strong local presence through strategic partnerships with major distributors and dedicated service support based in Bangkok. Its solar inverters and energy solutions have been deployed across residential, and commercial and industrial (C&I) applications, earning trust in a wide range of high-profile solar and storage projects.
During the meeting, the Thai delegation expressed particular interest in GoodWe's roots in the residential market and its innovations in the C&I sector. They noted that while the Thai market has focused on C&I applications, it also presents increasing potential for residential solar adoption, making GoodWe's comprehensive solutions in this area valuable.
The visit included a tour of the GoodWe Smart Energy Showroom, where the delegation was introduced to the company's latest innovations in photovoltaic and energy storage solutions, as well as its integrated approach to building a future-proof energy ecosystem that coordinates key components of the energy chain—power generation, grid, load, and storage—through smart control. Thai officials acknowledged the strong alignment between these innovations and Thailand's evolving energy strategy.
"We are honored to support Thailand's clean energy transition and remain committed to delivering high-efficiency, safe, and smart energy solutions that power a sustainable future," said Mr. Huang, "With continuous investment in R&D across residential, C&I, and utility-scale applications, we aim to contribute to accelerate Thailand's smart energy transition and beyond."
View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/thai-deputy-prime-minister-and-minister-of-energy-visits-goodwe-302469351.html
SOURCE GoodWe

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

MP Materials (NYSE:MP) Reports Q1 Net Loss Despite Increase In REO Production
MP Materials (NYSE:MP) Reports Q1 Net Loss Despite Increase In REO Production

Yahoo

timean hour ago

  • Yahoo

MP Materials (NYSE:MP) Reports Q1 Net Loss Despite Increase In REO Production

MP Materials recently signed a Memorandum of Understanding with the Saudi Arabian Mining Company to develop a rare earth supply chain in Saudi Arabia, aligning with growing global demands. Despite reporting a net loss for the first quarter, the company increased its REO and NdPr production volumes. Additionally, no shares were repurchased in the recent buyback tranche, reflecting existing efforts. Over the past week, the company's share price rose by 11%, notably outperforming the market's 2% gain. Enhanced production results and the promising alliance appear to add weight to this recent upward trend amidst broader market growth. We've discovered 1 weakness for MP Materials that you should be aware of before investing here. The end of cancer? These 23 emerging AI stocks are developing tech that will allow early identification of life changing diseases like cancer and Alzheimer's. The recent Memorandum of Understanding between MP Materials and the Saudi Arabian Mining Company could significantly influence MP's growth narrative. By developing a rare earth supply chain in Saudi Arabia, the company stands to expand its reach into ex-China markets, potentially increasing revenue opportunities and enhancing production efficiency. This collaboration may further bolster MP's position by integrating strategic partnerships, which aligns well with existing efforts to enhance production capacities. Over the longer term, MP Materials' total return, including share price and dividends, was 34.34% over the past year. This performance exceeds both the broader market's return and the US Metals and Mining industry, which had varying results over the same period. While the company's share price rose by 11% in the past week, outperforming the 2% market gain, its longer-term success underscores its enhanced capabilities in navigating volatile pricing and market demands. The recent partnership news might positively impact revenue and earnings forecasts, further pushing analyst expectations. Given the increased production capabilities and expanded market access through new agreements, analysts' anticipated revenue growth of 33.6% per year could see validation. The consensus price target of US$26.69, slightly higher than the current share price of US$24.58, suggests moderate upside potential, indicating that the market views the company's future prospects with cautious optimism. Nonetheless, the forecasted improvement in margins and earnings growth would be critical in achieving the price target, inviting investors to evaluate their assumptions against these predictions. Click to explore a detailed breakdown of our findings in MP Materials' financial health report. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NYSE:MP. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@

Climate watch: Why Congress must not pull the plug on PA's clean energy progress
Climate watch: Why Congress must not pull the plug on PA's clean energy progress

Yahoo

timean hour ago

  • Yahoo

Climate watch: Why Congress must not pull the plug on PA's clean energy progress

On May 22, the House of Representatives voted to pass a budget bill that drastically cuts America's clean energy tax credits. I'm disappointed to see that the House advanced this legislation. Make no mistake: These cuts will hurt Pennsylvania if they go on to become law. Experts are already warning that these changes would raise energy costs for American households, increase pollution, and threaten growing economic investments in the commonwealth. The House passage of this bill just put these investments at risk. Federal tax credits — designed to boost clean energy manufacturing in the U.S. — have been working. Since the passage of the Inflation Reduction Act (IRA) in 2022, Pennsylvania has benefited from just under $3.5 billion in investments in 34 clean energy projects to create more than 7,900 jobs. That's according to an analysis by Citizens' Climate Lobby. An outsized chunk of that investment is in the state's 15th Congressional District, represented in Congress by Glenn Thompson. Nine projects — eight solar and one for electric transmission lines — have spurred $1.7 billion in investments in PA15 with an estimated 2,550 jobs to be created. The tax credits were passed by Democrats, so they have been an easy target for Republican attacks. But the legislation has overwhelmingly benefited Republican-held districts — 78% of the funding has gone to rural and suburban areas held by the GOP. That success story, however, could unravel quickly. The legislation is now in the Senate's hands, and the House passage has set them on a path toward drastic cuts. If the cuts become law, energy prices will rise. Manufacturing will slow. Phasing out tax credits that support clean energy manufacturing will jeopardize long-term projects. Eliminating clean vehicle tax credits could put up to 100% of planned EV plant construction and a significant portion of existing capacity at risk, according to industry analysis. Households and local businesses will take a huge hit. A rollback of tax credits for home energy upgrades such as rooftop solar is a blow to Pennsylvanians who've been using these tools to cut energy bills. Incentives have made it easier for homeowners to install solar panels, save money, and even help stabilize America's power grid. But those benefits — and the local businesses that depend on them — are in jeopardy if Congress moves forward with these cuts. By contrast, if Congress protects clean energy tax credits, it would be a giant boost to the commonwealth's economy over the next decade. Analysis by American Clean Power and ICF estimates that continuing clean energy incentives will be a $65 billion economic boost to our state in the next 10 years and support more than 35,000 in full-time jobs in Pennsylvania annually. Encouragingly, a growing number of Republican members of Congress are vocalizing their support for the clean energy tax credits. Four Republican Senators recently sent a letter to leadership last month saying repeal would 'lead to significant disruptions for the American people and weaken our position as a global energy leader.' The numbers are clear: clean energy tax credits work for Pennsylvania. Undoing them now — as the House just voted to do — would be reckless and harmful. I urge Senators David McCormick and John Fetterman to work with their colleagues in the Senate to protect these tax credits. Lisa Richardson is co-leader of the State College chapter of Citizens' Climate Lobby.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store