Markets Policy

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FTC Solar Expects Revenue Rebound as Q1 2024 Losses Shrink

U.S.-based solar tracker systems provider FTC Solar‘s net loss narrowed to $8.8 million during the first quarter (Q1) of 2024 from a loss of ₹11.8 million a year...

May 14, 2024

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Gautamee Hazarika

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Markets & Policy

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Solar
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Solar Power Generation in India Rises 8.8% YoY to 32 BU in Q1 2024

India generated approximately 32 billion units (BU) of solar power in the first quarter (Q1) of the calendar year (CY) 2024, an 8.8% year-over-year (YoY) increase. The...

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2023 Solar Module Market Leaders: Jinko, LONGi, JA Solar, Waaree and Trina

Jinko Solar, LONGi Green Energy Technology, JA Solar, Waaree Energies, and Trina Solar were the top solar module suppliers in the calendar year (CY) 2023, according to...

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US May Impose Duties on Indian Aluminum Extrusions Used in Solar Mounting and Trackers

The U.S. Department of Commerce has announced a preliminary determination that aluminum extrusions from India, used in racking, trackers, and mounting frames for solar...

May 13, 2024

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Staff

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Markets & Policy

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Solar
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Adani Green, UPC and Tata Power: Top Utility-Scale Solar Developers in 2023

Adani Green Energy, UPC Renewables, Tata Power Company, Gujarat State Electricity Corporation (GSECL), and Rising Sun Energy (Yinson Holdings) were the top utility-scale...

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Solar’s Share in India’s Power Capacity Rose to 19% YoY in Q1 from 15.2%

Solar power accounted for 18.5% of India’s total installed power capacity and 42.9% of the installed renewable capacity in the first quarter (Q1) of the calendar year...

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Canadian Solar’s Q1 Profits Dip 85% on Lower Module Demand and Prices

Solar module manufacturer Canadian Solar posted a net income of $12.35 million in the first quarter (Q1) of 2024, an 85.25% year-over-year (YoY) drop from $83.71 million...

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SMA Solar Net Income Plunges 44.8% YoY in Q1 2024 on Increased Costs

Germany-based solar energy equipment supplier SMA Solar Technology reported a net income of €28.5 million (~$30.6 million), down by 44.8% YoY from €51.7 million (~$55.6...

May 10, 2024

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Gautamee Hazarika

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Markets & Policy

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Solar
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Oriano, Waaree, Prozeal: Leading Solar EPC Companies in 2023

Oriano, Waaree Renewable Technologies, Prozeal Green Energy, Tata Power Solar, and Gensol Engineering emerged as the top utility-scale solar engineering, procurement,...

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India Added 1.2 GW Wind Capacity in Q1 2024, 56% YoY Increase

India added 1.2 GW of new wind energy capacity in the first quarter (Q1) of 2024, a 56% YoY surge from 737.9 MW, according to Mercom India Research. The cumulative wind...

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Delhi High Court Quashes CBIC’s Revocation of Duty Deferment for Solar Projects

The Delhi High Court has quashed a Customs Department circular and show cause notices issued by the Central Board of Indirect Taxes and Customs (CBIC) revoking the...

May 8, 2024

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Arjun Joshi

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Markets & Policy

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Solar
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Waaree Partners with Ecofy to Solarize 10,000 Household Rooftops

India-based solar module manufacturer Waaree Energies has partnered with Ecofy, a non-banking financial company supported by Eversource Capital, to fund environmentally...

May 8, 2024

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Gautamee Hazarika

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Markets & Policy

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Solar
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PM Surya Ghar Program: MNRE Announces New Vendor Registration Guidelines

The Ministry of New and Renewable Energy (MNRE) has announced new guidelines for vendor registration under the recently approved PM Surya Ghar: Muft Bijli Yojana rooftop...

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Meghalaya Allows Green Open Access for Consumers with 100 kW Load

Consumers with a minimum contracted demand or sanctioned load of 100 kW can access Green Energy Open Access, according to the Meghalaya State Electricity Regulatory...

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Andhra Pradesh Regulator Rolls Out Green Energy Access Rules 2024

The Andhra Pradesh Electricity Regulatory Commission (APERC) has adopted the Green Energy Open Access, Charges, and Banking Regulations, 2024. The regulations apply to...

May 7, 2024

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Gautamee Hazarika

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Markets & Policy

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Solar

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