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Indian Solar Exports Grow 227% YoY in 2023, Imports up 89%

Indian solar exports rose 227% year-over-year (YoY) to $1.8 billion (~₹152.6 billion) in CY 2023 from $561 million (~₹46.4 billion), according to recent data published...

February 26, 2024

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Anubhav Prakash

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Markets & Policy

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Mercom Research Focus

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Solar
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US Installs Record 7.3 GWh Energy Storage Capacity in Q3 2023

The U.S. energy storage market installed 7,322 MWh in the third quarter (Q3) of 2023, the highest capacity in a quarter to date, according to the U.S. Energy Storage...

December 14, 2023

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Staff

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Energy Storage

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Markets & Policy
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Federal Circuit Upholds US President’s Authority to Impose Solar Import Tariffs

The United States Federal Circuit has overturned a Court of International Trade (CIT) decision to allow the White House to expand safeguard tariffs on solar equipment....

November 15, 2023

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Arjun Joshi

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Markets & Policy

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Solar
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Swift Current Energy Secures $779 Million for 593 MW Solar Project in US

Swift Current Energy, a U.S.-based utility-scale renewable developer, has secured $779 million in financing for its Double Black Diamond Solar project, with a capacity...

August 9, 2023

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Rakesh Ranjan

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Finance and M&A

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Solar
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Solar, Wind PPA Prices in North America Surge Due to High Project Costs

Solar and wind power purchase agreement (PPA) prices in North American and European Countries have considerably risen due to increasing capital costs, regulation...

April 20, 2023

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Arjun Joshi

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Markets & Policy

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Solar

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Wind
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US Top Destination for Indian Solar Module Exports in 2022

India’s solar module exports witnessed an unprecedented surge in 2022, recording a 321% hike year-over-year (YoY), totaling $561.6 million. It was primarily driven...

March 14, 2023

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Arjun Joshi

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Markets & Policy

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Solar
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Tracker Systems Provider FTC Solar’s Loss Narrows by 14% YoY in 2022

United States-based solar tracker systems provider FTC Solar posted a net loss of $20.5 million in the fourth quarter (Q4) of 2022, a year-on-year (YoY) improvement of...

March 2, 2023

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Gautamee Hazarika

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Finance and M&A

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Solar
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US Announces $2.5 Billion Funding for Carbon Capture Technologies

The U.S. administration’s Department of Energy (DOE) has announced $2.5 billion in funding for two carbon management programs to significantly mitigate the carbon...

February 24, 2023

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Gourav Mishra

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Finance and M&A

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Other
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Flux Power’s Q2 Net Loss Narrows to $1.7 Million on Increased Sales

Flux-Power, a U.S.-based lithium-ion energy storage solutions provider, posted a net loss of $1.7 million during the second quarter (Q2) of the financial year (FY) 2023...

February 14, 2023

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Satish Shetty

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Energy Storage

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Finance and M&A

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Market & Policy
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Lightsource bp Closes Tax Equity Investment Deal for 481 MW Solar Projects

Lightsource bp, a global utility-scale solar project developer, announced closing a tax equity investment from Wells Fargo and Company for a 481 MW solar project...

January 20, 2023

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Satish Shetty

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Finance and M&A

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Solar

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Utility Scale
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US Renewable Sector to See $114 Billion Annual Investments by 2031: Report

The Inflation Reduction Act (IRA) in the U.S. will propel the annual investment in the country’s renewable energy sector to nearly $114 billion by 2031 from $64 billion...

January 20, 2023

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Rakesh Ranjan

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Other

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Renewable Energy
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Shell to Acquire US-based EV Charging Firm Volta for $169 Million

Shell USA, a subsidiary of the oil major Shell, has acquired Volta, a U.S.-based Electric Vehicle (EV) Infrastructure company, in an all-cash transaction valued at...

January 19, 2023

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Satish Shetty

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Electric Vehicles

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Grid

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Market & Policy
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Area Lease Auction for Offshore Wind Projects in California Raises $757 Million

The Biden administration said that it has received more than $757 million in winning bids for offshore wind development rights in California, making it the third major...

December 8, 2022

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Rakesh Ranjan

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Other

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Wind
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NextEra’s Clean Energy Business Records Net Income of $729 Million in Q3 2022

The U.S.-based energy company NextEra Energy reported a third-quarter (Q3) net income of $1.68 billion, a year-over-year increase of 13.49 % compared to $1.48 billion in...

October 31, 2022

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Gautamee Hazarika

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Other

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Renewable Energy
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US, India Partner to Accelerate Sustainable Energy Transition

The United States and India recently reiterated their commitment to accelerating the transition into sustainable energy at the ministerial dialogue of the U.S.-India...

October 11, 2022

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Gautamee Hazarika

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Other

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Renewable Energy

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