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US Doubles Tariff on Chinese Solar Cells to 50%, Targets EVs and Batteries

The United States announced stiff hikes in tariffs on solar cells, electric vehicles, batteries, and critical minerals originating from China. This decision follows a...

May 15, 2024

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Arjun Joshi

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Markets & Policy

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Renewable Energy
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Daily News Wrap-Up: Solar’s Share in India’s Power Capacity Rose to 19% YoY in Q1

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...

May 14, 2024

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Mercom Staff

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Daily Wrap-up
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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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RE100 Companies Met 50% of Power Needs from Renewables in 2022

RE100, a consortium of over 400 companies committed to using 100% renewable electricity, met 50% of their electricity needs from renewables in 2022, up from 49% in 2021,...

May 9, 2024

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Staff

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Renewable Energy
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First Solar Q1 Profit Soars 455% on Strong Sales, Improved Margins

U.S.-based First Solar’s net income for the first quarter (Q1) of 2024 surged by 455% to $236.6 million from $42.6 million in the same quarter last year, with the solar...

May 2, 2024

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Staff

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Finance and M&A

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Solar
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Global Renewable Energy Capacity to Reach 7.3 TW by 2028: IEA

Under current policies and market conditions, the global renewable capacity is projected to hit 7,300 GW by 2028. However, this trajectory falls short of the goal to...

May 2, 2024

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Arjun Joshi

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Markets & Policy

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Renewable Energy
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JinkoSolar’s Q1 Profit Drops 44% as Falling Module Prices Hurt Margins

China-headquartered solar cell and module manufacturer JinkoSolar saw a 44% decline in its first quarter (Q1) profit as decreasing module prices hurt the company’s...

April 30, 2024

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Staff

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Finance and M&A
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Energy Storage Must Expand Six-Fold by 2030 to Enable Renewable Boom: IEA

Energy storage infrastructure needs to expand by at least six times the current capacity if the world wants to triple renewables capacity by 2030 while maintaining...

April 30, 2024

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Staff

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Energy Storage

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Market & Policy
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Daily News Wrap-Up: Corporate Funding in Energy Storage Sector Up 432% in Q1

The global energy storage sector witnessed a 432% increase year-over-year in corporate funding, totaling $11.7 billion across 29 transactions, from $2.2 billion in 27...

April 29, 2024

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Mercom Staff

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Daily Wrap-up
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Global Solar Manufacturing Capacity Set to Expand to Over 1.3 TW by 2028

Global solar manufacturing capacity under construction indicates an increase of 330 GW in 2023 to almost 800 GW – triple the 2021 level, according to the International...

April 29, 2024

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Arjun Joshi

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Manufacturing

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Markets & Policy

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Solar
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US Solar Manufacturers File Trade Petition Against Solar Imports From Southeast Asia

In a significant move aimed at protecting the burgeoning U.S. solar manufacturing sector, the American Alliance for Solar Manufacturing Trade Committee has filed...

April 26, 2024

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Arjun Joshi

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Markets & Policy

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Solar
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NextEra Energy’s Q1 Profit Rises 12%, Expects Higher Demand from Data Centers

U.S.-based renewables firm NextEra Energy said its first-quarter net income rose 12% year-over-year to $2.27 billion and that it expects data centers to drive...

April 24, 2024

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Staff

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Finance and M&A
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Threat of US Anti-Dumping Duties on Indian Solar Module Exports

India’s solar exports success story could run into trouble if the U.S. entertains petitions from domestic manufacturers to impose anti-dumping (AD) and...

April 22, 2024

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B.S. Nagaraj

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Markets & Policy

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Modules

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Solar
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Solar, Storage, Wind Drive 95% of US Interconnection Queues as Backlog Rises

Nearly 12,000 power projects, an overwhelming majority based on renewable sources, representing a combined capacity of 1,570 GW and 1,030 GW for storage, are in...

April 15, 2024

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Gautamee Hazarika

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Markets & Policy

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Solar
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US Solar Industry Wants Strong Domestic Supply Chain to Counter China

An entirely U.S.-based solar manufacturing supply chain, touted as a key pillar of the country’s Inflation Reduction Act (IRA), cannot flourish amidst an...

April 3, 2024

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Staff

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Markets & Policy

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Solar

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