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Share: The global transformer market is highly lucrative and predicted to witness significant growth at a healthy 6.28% CAGR over the forecast period (2019-2026), reveals the Market Research Future (MRFR) report. A transformer is an electrical machine that is designed for transferring electricity from one specific circuit to another with different voltage levels. There are different forms of transformers that are bifurcated based on a couple of factors such as installation location, winding arrangement, the medium utilized in the core, and the working voltage range. Fascinating Features that Spur Market Growth As per the Market Research Future report, there are numerous factors that are propelling the transformer market size. These include the rise in centralization and industrialization, a surge in the adoption of new flexible transformers for various industrial uses, a rise in the growth of power generation and transmission technologies and microgrids, gro ....
LONGi supplies 70 MW modules to the largest floating PV plant cluster in Vietnam News provided by Share this article Share this article XI AN, China, Jan. 6, 2021 /PRNewswire/ In a significant development marking the end of 2020, two large-scale floating solar projects in Vietnam were commissioned in December. They were the 35 MWp Ho Tam Bo floating solar power plant and the 35 MWp Ho Gia Hoet 1 floating PV plant. The two projects have been set up on Gia Hoet 1 and Tam Bo irrigation lakes, in Quang Thanh commune, Chau Duc district. LONGi supplied the high efficiency PV modules for both projects. Despite the challenges arising from COVID-19, the China-based module manufacturer completed module deliveries ahead of schedule, ensuring the timely completion of the projects that together comprise the largest floating PV plant cluster not just in Vietnam but entire Southeast Asia region, with a combined capacity of 70 MWp. The only other operational floating solar p ....