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Renewables Struggle to Meet Demand Despite Record 536 GW Capacity in 2023: Report

Despite global renewable power capacity reaching a record 536 GW in 2023, geopolitical conflicts, protectionism, and rising greenhouse gas emissions continue to pose...

June 21, 2024

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Arjun Joshi

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Other

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Renewable Energy
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Global Offshore Wind Capacity Rises by 10.8 GW in 2023, Up 24%: GWEC

Global offshore wind saw its second-highest capacity installations in 2023, according to a new report by the Global Wind Energy Council (GWEC). The industry added 10.8...

June 18, 2024

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Arshreet Singh

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Wind
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EU Slaps Additional Duties of Up to 38.1% on Chinese EVs

The European Commission has announced it will impose additional tariffs of up to 38.1% on Chinese Battery Electric Vehicles (BEV) from July on grounds that they were...

June 17, 2024

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B.S. Nagaraj

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Electric Vehicles
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USITC Greenlights Investigation into Solar Imports from Southeast Asia

The United States International Trade Commission (USITC) has decided to proceed with investigations into crystalline silicon photovoltaic cells, whether or not assembled...

June 13, 2024

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Arjun Joshi

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Markets & Policy

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Solar
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Tripling Global Renewable Energy Capacity by 2030 a Challenge: IEA

The COP28 Tripling Renewable Capacity Pledge aims to triple the global renewable energy capacity from its current levels, targeting over 11,000 GW of installed capacity...

June 7, 2024

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Arjun Joshi

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Other

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Renewable Energy
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Solar Glass Maker Borosil Swings to Loss on Higher Expenses

Solar glass manufacturer Borosil Renewables slipped into a net loss of ₹133.7 million (~$16.5 million) in the fourth quarter (Q4) of the financial year (FY) 2024 from a...

May 29, 2024

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Arshreet Singh

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Finance and M&A

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Solar
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US Brings Back Tariffs on Imported Bifacial Solar Modules

The U.S. has announced it will bring back bifacial solar modules under Section 201 tariffs as the country clamps down on cheap clean energy technology entering its...

May 17, 2024

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Arshreet Singh

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Markets & Policy

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Solar
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Daily News Wrap-Up: Top Rooftop Solar Installers in 2023

Tata Power Solar, Amplus Solar, Roofsol Energy, Havells India, and Mahindra Solarize were the top rooftop solar companies in India during the calendar year (CY) 2023,...

May 16, 2024

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Mercom Staff

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Daily Wrap-up
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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: Andhra Pradesh Green Energy Access Rules 2024

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

May 8, 2024

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Mercom Staff

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Daily Wrap-up
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Chinese Wind Turbine Manufacturers Account for Majority Global Market Share

In a first for the sector, four China-based wind turbine original equipment manufacturers (OEM) have made it to the global top five rankings, according to a recent...

May 7, 2024

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Staff

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Wind
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Fire Hits Operations at JinkoSolar’s Cell Facility in China

A fire broke out at one of JinkoSolar‘s silicon wafer slicing and solar cell manufacturing facilities in Shanxi Province, China, on April 26. While no casualties...

May 3, 2024

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Arshreet Singh

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Manufacturing

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Solar
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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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Arshreet Singh

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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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Arshreet Singh

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Finance and M&A

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