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Tesla’s Energy Storage Revenue Doubles, but Q2 Profit Falls 45%

U.S.-based electric vehicle and clean energy company Tesla‘s revenue for the second quarter (Q2) of the financial year (FY) 2024 rose 2% year-over-year (YoY) to...

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Enphase Energy’s Q2 Profit Falls 71% Amid Demand Challenges

Microinverter and battery storage supplier Enphase Energy’s net income for the second quarter (Q2) of 2024 dropped 71.4% to $58.8 million as the Nasdaq-listed company...

July 24, 2024

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Arshreet Singh

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Finance and M&A
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First Solar Opens Plant for Thin Film and Tandem PV Modules in Ohio

U.S.-based photovoltaic (PV) module manufacturer First Solar has commissioned a new 1.3 million square feet research and development facility in Lake Township, Ohio. The...

July 22, 2024

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Arshreet Singh

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Manufacturing

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Modules

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Solar
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US to Auction Areas in Central Atlantic Region for Offshore Wind Energy

The U.S. has announced plans for an offshore wind energy lease sale in the Central Atlantic region in a push for clean energy development along America’s coasts....

July 3, 2024

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Arshreet Singh

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Tenders & Auctions

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Wind
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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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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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US Adds 11.8 GW of Solar in Q1 2024, Led by Florida and Texas

The U.S. solar industry installed 11.8 GWdc of capacity in the first quarter (Q1) of 2024, marking the second-best quarter for the industry, only behind the last quarter...

June 11, 2024

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Arjun Joshi

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Markets & Policy

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Solar
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US Proposes Expanding New Clean Electricity Production Tax Credits

The U.S. has proposed new incentives under the Inflation Reduction Act (IRA) by offering tax credits for electricity produced with low or zero greenhouse gas emissions,...

June 3, 2024

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Arshreet Singh

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Solar

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Wind
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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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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 18.5% 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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Arshreet Singh

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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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Arshreet Singh

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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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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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