bnef

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India’s Solar Cell and Module Imports Drop Sharply in Q2 2024

India imported solar cells and modules worth over $774.9 million (~₹64.6 billion) in the second quarter (Q2) of the calendar year 2024, down 16.4% year-over-year (YoY),...

September 10, 2024

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Gulam Mustafa

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Mercom Research Focus

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Modules

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Solar
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Indian Solar Imports Surge by 148% YoY in Q1 2024

India imported solar cells and modules totaling over $2 billion (~₹167 billion) in the first quarter (Q1) of the calendar year 2024, up 147.5% year-over-year (YoY),...

June 11, 2024

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Urvashi Gupta

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Mercom Research Focus

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Solar
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Global Solar Installations Likely to Top 520 GW in 2024: BNEF

The solar industry added nearly 444 GW of new capacity in 2023, a 76% year-over-year (YoY) growth, taking advantage of the fall in prices of solar modules and ample...

March 7, 2024

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Staff

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Markets & Policy
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US Solar Module Imports Surge, Nearly Doubling to 50 GW in 2023

The U.S. added a record 42 GW of renewable energy capacity in 2023, with solar installations accounting for the majority, according to a recent report by Bloomberg New...

March 5, 2024

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Arshreet Singh

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Markets & Policy

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Renewable Energy
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Daily News Wrap-Up: West Bengal’s Tender for 10 MW Solar Power Project

The West Bengal State Electricity Distribution Company has invited bids to build a 10 MW solar power project on a turnkey basis along the Teesta Canal bank in Uttar...

February 20, 2024

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Staff

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Daily Wrap-up
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Corporate Buying of Clean Energy Increased 12% in 2023: BNEF

Corporations announced a record 46 GW of solar and wind contracts in 2023, with a 12% year-over-year (YoY) increase from 41 GW in 2022, according to Bloomberg New Energy...

February 19, 2024

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Staff

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Other

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Renewable Energy
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Global Offshore Wind Supply Chain Expansion Hinges on $27 Billion Investment by 2026

To achieve a fivefold increase in annual offshore wind installations (excluding China) by 2030, the global supply chain will need a secured investment of $27 billion by...

August 18, 2023

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Gautamee Hazarika

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Markets & Policy

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Wind
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US Offshore Wind Industry Faces Rising Costs and Regulatory Headwinds: BNEF

The U.S. offshore wind industry is facing a host of challenges, with rising costs, permitting delays, and grid connection hurdles, all contributing to low returns for...

August 4, 2023

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Gautamee Hazarika

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Markets & Policy

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Wind
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Indonesia Capitalizes on the Rising Cobalt Demand for EVs: Report

After surpassing Australia last year to become the world’s second-largest cobalt producer, trailing behind the Democratic Republic of Congo, Indonesia’s...

June 20, 2023

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Gautamee Hazarika

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Electric Vehicles

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Other

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Renewable Energy
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Daily News Wrap-Up: Consumer to Pay 20% Lower Electricity Tariff During Solar Hours

The Ministry of Power, in a recent amendment to the Electricity (Rights of Consumers) Rules, 2020, has directed state commissions to ensure the tariff for solar hours...

June 20, 2023

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Mercom Staff

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Daily Wrap-up
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Offshore Wind Reaches Cost Parity with Coal Fueled by China’s Thriving Market: Report

Over the past six months, new-build offshore wind and storage project costs have experienced 2% and 12% reductions, respectively, according to BloombergNEF (BNEF)....

June 19, 2023

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Arjun Joshi

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Other

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Renewable Energy
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Electric Vehicle Fleet to Hit 700 Million by 2040: BNEF

The number of electric vehicles (EV) is set to exceed 100 million by 2026 and reach 700 million by 2040, according to the latest report by BloombergNEF (BNEF). These...

June 9, 2023

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Arjun Joshi

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Electric Vehicles

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Market & Policy
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Electric Vehicle Chargers Spending to Hit $200 Billion by 2026: BNEF

Total investment in electric vehicle chargers is set to cross $100 billion in 2023, and the next $100 billion of spending is expected to be achieved within the next...

February 1, 2023

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Gautamee Hazarika

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Other

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Renewable Energy
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Low-Carbon Energy Tech Investment Exceeds $1 Trillion for First Time Globally

Investments in the low-carbon energy transition have accounted for a record-breaking $1.1 trillion in 2022 and have reached parity with capital deployed for fossil fuel...

January 27, 2023

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Gautamee Hazarika

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Other

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Renewable Energy
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Search for Clean Energy Sources Needs $45.8 Trillion Investments by 2050

The search for clean and secure sources of low-carbon power — including fossil fuel-fitted with carbon capture technology — may present as much as a $45.8 trillion...

January 20, 2023

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Gautamee Hazarika

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Other

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Renewable Energy

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