europe

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EU Awards $772 Million to Green Hydrogen Projects in Pilot Auction

The European Commission has awarded approximately €720 million (~$772 million) to seven green hydrogen projects across Europe through the first competitive auction under...

May 3, 2024

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Arshreet Singh

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Renewable Energy
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EU Approves Net-Zero Industry Act to Boost Local Clean Technology Production

The European Parliament has approved the Net-Zero Industry Act to enhance net-zero technology production within the European Union. The Act targets Europe to produce 40%...

May 2, 2024

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Arjun Joshi

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Other

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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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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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Arshreet Singh

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Energy Storage

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Market & Policy
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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 PPA Prices Decline by 1.5% in Q1 2024, Europe Sees Drop of 5%

Following years of fluctuation in the energy market, power purchase agreement (PPA) prices in North America were stable during the first quarter (Q1) of 2024. P25 solar...

April 25, 2024

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Gautamee Hazarika

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Markets & Policy

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Solar

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Wind
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Daily News Wrap-Up: Application Process for ALMM Inclusion and Renewal

The recent reimposition of the Approved List of Models and Manufacturers (ALMM) regulation by the Ministry of New and Renewable Energy (MNRE) has once again raised...

April 19, 2024

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Mercom Staff

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Daily Wrap-up
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EU Member States Sign Solar Charter to Boost Domestic Manufacturing

The European Commission and member states have signed the European Solar Charter, outlining a coordinated set of actions to support the continent’s struggling solar...

April 18, 2024

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Arshreet Singh

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Manufacturing

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Solar
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Daily News Wrap-Up: NTPC’s 3 GW FDRE-II Auction Result

ABC Cleantech (Axis Energy), Juniper Green Energy, Serentica Renewables India 11 (Serentica Renewables), Tata Power Renewable Energy, and ReNew Solar Power won...

March 26, 2024

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Mercom Staff

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Daily Wrap-up
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Europe’s Grids Underestimate Wind and Solar Potential: Report

Integrating renewable energy sources in Europe’s energy landscape is crucial to achieving sustainability and combating climate change. However, a recent report by...

March 22, 2024

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Gautamee Hazarika

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Other

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Renewable Energy
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France Achieves 20 GW Milestone with 3.3 GW Solar Capacity Added in 2023

France’s solar photovoltaic capacity reached a new milestone of 20 GW at the end of 2023, a 19% increase over 2022 levels, according to a recent report by the...

March 12, 2024

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Arshreet Singh

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Markets & Policy
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Red Sea Shipping Crisis Hits Key Trade Route for Solar Modules

Prices of solar modules shipped from Asia to Europe have jumped as much as 20% as trade disruptions in the Red Sea, which carries 12% of the world’s seaborne trade, have...

February 27, 2024

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Arshreet Singh

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Markets & Policy

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Mercom Research Focus
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European Hydrogen Bank Pilot Auction Generates Strong Response With 132 Bids

The European Commission‘s pilot European Hydrogen Bank auction has received 132 bids from projects across 17 European nations, which far exceeds the available €800...

February 26, 2024

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Arjun Joshi

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Other

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Renewable Energy

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Tenders and Auctions
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EU Targets 40% Domestically Made Green Technology Use by 2030

The European Union (EU) has reached a provisional agreement on legislation aimed at boosting the bloc’s production of green technologies needed to achieve its goal...

February 15, 2024

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Arshreet Singh

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Renewable Energy
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US Solar PPA Prices Up 3%; Europe’s Wind-Solar Rates Down 2% in Q4 2023

The national P25 solar power purchase agreement (PPA) prices in the U.S. in the fourth quarter (Q4) of 2023 rose 3% compared to Q3, while P25 wind prices increased 5%....

February 6, 2024

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Gautamee Hazarika

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Markets & Policy

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Solar

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Wind

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