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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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Staff

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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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Staff

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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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Staff

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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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Staff

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Energy Storage

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Market & Policy
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Daily News Wrap-Up: Corporate Funding in Energy Storage Sector Up 432% in Q1

The global energy storage sector witnessed a 432% increase year-over-year in corporate funding, totaling $11.7 billion across 29 transactions, from $2.2 billion in 27...

April 29, 2024

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Mercom Staff

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Daily Wrap-up
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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 Manufacturers File Trade Petition Against Solar Imports From Southeast Asia

In a significant move aimed at protecting the burgeoning U.S. solar manufacturing sector, the American Alliance for Solar Manufacturing Trade Committee has filed...

April 26, 2024

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Arjun Joshi

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Markets & Policy

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Solar
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NextEra Energy’s Q1 Profit Rises 12%, Expects Higher Demand from Data Centers

U.S.-based renewables firm NextEra Energy said its first-quarter net income rose 12% year-over-year to $2.27 billion and that it expects data centers to drive...

April 24, 2024

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Staff

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Finance and M&A
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Threat of US Anti-Dumping Duties on Indian Solar Module Exports

India’s solar exports success story could run into trouble if the U.S. entertains petitions from domestic manufacturers to impose anti-dumping (AD) and...

April 22, 2024

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B.S. Nagaraj

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Markets & Policy

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Modules

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Solar
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Solar, Storage, Wind Drive 95% of US Interconnection Queues as Backlog Rises

Nearly 12,000 power projects, an overwhelming majority based on renewable sources, representing a combined capacity of 1,570 GW and 1,030 GW for storage, are in...

April 15, 2024

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Gautamee Hazarika

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Markets & Policy

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Solar
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US Solar Industry Wants Strong Domestic Supply Chain to Counter China

An entirely U.S.-based solar manufacturing supply chain, touted as a key pillar of the country’s Inflation Reduction Act (IRA), cannot flourish amidst an...

April 3, 2024

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Staff

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Markets & Policy

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Solar
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China Takes on US in WTO Over IRA Subsidies for Clean Energy and EVs

China has formally petitioned the World Trade Organization (WTO) for dispute consultations with the U.S. regarding certain tax credits under the country’s Inflation...

April 2, 2024

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B.S. Nagaraj

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Other

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Renewable Energy
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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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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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Staff

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Energy Storage

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Market & Policy

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