eia

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Nextracker Q4 Net Income Soars 710%, Revenue Up 42% on Robust Demand

Solar tracker firm Nextracker‘s fourth-quarter revenue jumped 42% to $737 million in financial year (FY) 2024 from $518 million last year, reflecting robust demand...

May 16, 2024

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Arshreet Singh

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Finance and M&A

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Solar
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Fewer Installation Delays in 2023 Boost Utility-Scale Solar Projects in US: EIA

The United States power sector faced fewer delays in installing new utility-scale solar photovoltaic (PV) projects in 2023 compared to 2022, according to a recent...

May 14, 2024

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Staff

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Other

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Renewable Energy
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US Energy Storage Grows at Record Pace with 8.7 GW, Nearly Doubling in 2023

The U.S. energy storage market saw breakneck growth in 2023, shattering previous installation records across multiple segments, as the country added 8.7 GW of new energy...

March 22, 2024

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Arshreet Singh

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Energy Storage

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Market & Policy
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Daily News Wrap-Up: India’s Solar Capacity Additions Drop by 44% in 2023

Solar installations in India dropped 44.1% in the calendar year 2023, with a capacity of 7.5 GW added against 13.4 GW in 2022, according to Mercom India’s Q4 &...

February 23, 2024

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Staff

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Daily Wrap-up
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US Forecast to Add 36 GW of Utility-scale Solar Capacity in 2024

According to the U.S. Energy Information Administration (EIA), the outlook for 2024 suggests a dynamic and transformative period for the country’s energy landscape, with...

February 22, 2024

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Gautamee Hazarika

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Other

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Renewable Energy
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Daily News Wrap-Up: RUMSL’s Tender for 400 MW Renewable Power

Rewa Ultra Mega Solar has issued a tender to procure 400 MW firm and dispatchable grid-connected renewable power. To meet the supply obligations, selected bidders must...

January 16, 2024

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Mercom Staff

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Daily Wrap-up
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US to Add 43 GW of Solar and 30 GW of Battery Capacity in 2025: EIA

The U.S. Energy Information Administration (EIA) predicts that solar power will emerge as the primary driver of electricity generation growth in 2024 and 2025, with the...

January 15, 2024

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Arjun Joshi

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Other

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Renewable Energy
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Jobs in Energy Sector Grow to 67 Million in 2022, but Skill Shortage a Concern: IEA

The International Energy Agency’s (IEA) recent World Energy Employment report found that investments in clean energy technologies drove demand for new workers in every...

November 27, 2023

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Staff

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Other

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Renewable Energy
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China’s Pumped Storage Installations Reach 50 GW, Account for 30% of Global Capacity

China’s functional pumped storage capacity has touched 50 GW as of May 2023, representing 30% of global capacity and surpassing all other nations, according to data from...

August 10, 2023

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Gautamee Hazarika

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Other

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Renewable Energy
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US Coal Plants Capacity Could Fall by 88% by 2050 as Renewables Rise

The capacity of coal-fired power plants in the United States could reduce by ~88% from the 2022 levels by 2050, as environmental regulations raise costs and new plants...

May 12, 2023

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Arjun Joshi

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Other

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Other Energy
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Wind, Solar & Batteries to Account for 82% of Power Capacity Additions in US in 2023

Around 82% of the new utility-scale generating capacity planned to come online in the United States in 2023 will comprise wind, solar, and battery storage, according to...

March 7, 2023

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Arjun Joshi

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Other

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Renewable Energy
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Rising Renewables to See the US Cut Back on Conventional Power in 2023-24

The Energy Information Administration (EIA) has forecasted an increase in U.S. power generation from new renewable sources, primarily wind and solar, which would cut...

January 20, 2023

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Arjun Joshi

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Other

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Renewable Energy
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Renewable Energy Generation in the US Surpassed Nuclear in 2021

Electricity generated from renewable sources totaled 795 million megawatt-hours (MWh) in the United States in 2021, surpassing the 778 million MWh of electric power...

May 3, 2022

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Gourav Mishra

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Other

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Renewable Energy
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US Could Install an Additional 21 GW of Solar in 2022 and 25 GW in 2023: EIA

In its short-term energy outlook, the U.S. Energy Information Administration (EIA) forecasts solar capacity to grow by around 21 GW in 2022 and 25 GW in 2023 in the...

January 29, 2022

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Harsh Shukla

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Markets & Policy

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Solar
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US Solar Photovoltaic Module Shipments Up 33% in 2020

Solar photovoltaic (PV) module shipments in the United States, including imports, exports, domestic production, and sales touched a record high of 21.8 GW in 2020, 5.4...

September 6, 2021

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Arjun Joshi

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Markets & Policy

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Solar

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