Solar

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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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Germany Invites Bids for 258 MW Rooftop Solar Projects

Germany’s Federal Network Agency (Bundesnetzagentur) has invited bids for 258 MW of rooftop solar photovoltaic (PV) systems as part of the country’s goal to...

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Vietnam’s Boviet to Build 2 GW Solar Cells and Modules Plant in North Carolina

Vietnam-based solar company Boviet Solar said it will invest $249 million for its first solar cell and module production facility in North America at Greenville, North...

April 30, 2024

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Staff

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Manufacturing

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Solar
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Germany Adds 3.7 GW of Solar in Q1; Cumulative Capacity Reaches 86.2 GW

Germany installed 3.7 GW of solar power capacity in the first quarter (Q1) of 2024, a 19% year-over-year (YoY) growth from 3.2 GW. The data was published in a recent...

April 30, 2024

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Arjun Joshi

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Markets & Policy

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Solar
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NTPC Renewable Energy Floats EPC Tender for 260 MW Solar Project in Rajasthan

NTPC Renewable Energy has invited bids for the engineering, procurement, and construction (EPC) package for a 260 MW grid-connected solar power project in Bikaner,...

April 29, 2024

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Arjun Joshi

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Solar

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Tenders & Auctions
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DVC Invites Bids for Land Survey for Solar Project in Jharkhand

Damodar Valley Corporation (DVC) has invited bids for demarcating the boundary of land owned by it near Barhi, Hazaribagh district, Jharkhand, and conducting a...

April 29, 2024

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Gautamee Hazarika

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Solar

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Tenders & Auctions
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BluPine Energy Secures ₹4.18 Billion for 120 MW Solar Project in Gujarat

Renewable energy company BluPine Energy has secured the debt financing of ₹4.18 billion (~$50.1 million) from HDFC Bank for its 120 MW solar power project in Sadla,...

April 29, 2024

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Gautamee Hazarika

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Markets & Policy

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Solar
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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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Researchers Develop Fast-Charging Sodium Battery

Researchers have developed a high-energy, high-power hybrid sodium-ion battery that could be a viable alternative to lithium-ion batteries. Led by Jeung Ku Kang, a team...

April 29, 2024

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Staff

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Solar

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Technology
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SunPower to Shutter Residential Solar Direct-Sales Units, Axe 1,000 Jobs in the US

U.S.-based solar firm SunPower Corp will wind down its SunPower Residential Installation (SPRI) locations, close SunPower Direct sales, and reduce its workforce by about...

April 29, 2024

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Staff

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Markets & Policy

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Rooftop

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Solar
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Bihar Invites Bids for 200 MW Rooftop Solar Projects

Bihar Renewable Energy Development Agency (BREDA) has invited expressions of interest for the empanelment of agencies for grid-connected rooftop solar power projects of...

April 26, 2024

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Gautamee Hazarika

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Solar

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Tenders & Auctions
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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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Corporate Funding in Energy Storage Sector Surges Five-Fold to $11.7 Billion in Q1

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

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CERC Grants Connectivity for 300 MW Solar Project Citing Force Majeure Events

The Central Electricity Regulatory Commission (CERC) relaxed rules, allowing ACME Solar (ACME) to switch the connectivity of its 300 MW solar power project to the land...

April 25, 2024

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Gautamee Hazarika

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Markets & Policy

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Solar
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Hitachi Energy Invests $1.5 Billion to Meet Surging Transformer Demand

Hitachi Energy, a subsidiary of Japan-based conglomerate Hitachi, will ramp up its global manufacturing capacity for transformers with a $1.5 billion investment by 2027,...

April 25, 2024

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Staff

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Manufacturing

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Solar

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