Supply Chain Disruptions, Delayed Product Sales Hit ReneSola’s Financials in Q2 2022
ReneSola Power, a solar developer, posted net revenue of $8.6 million for the second quarter (Q2) of 2022, a year-over-year (YoY) fall of 54% from $18.88 million. The company attributed ...
United States Added 13.4 GW of New Wind Capacity in 2021: Report
The United States added 13.4 GW of wind power capacity in 2021, with nearly $20 billion of investments in new wind projects during the year, according to the latest report ...
Daqo New Energy’s Revenue Surges 182% YoY to $1.24 Billion in Q2 2022
Chinese photovoltaic-grade polysilicon manufacturer Daqo New Energy Corporation posted revenue of $1.24 billion in the second quarter (Q2), a year-over-year (YoY) rise of 182% from $441.4 million in Q2 2021 ...
Diversifying Global Production of Solar Modules Essential for Net-Zero Transition
Ensuring a secure transition to net-zero emissions will require increased efforts to expand and diversify the global production of solar modules, whose global supply chains are currently heavily concentrated in ...
2021 was the Best Year for Offshore Wind Installations Globally: GWEC
The offshore wind industry enjoyed its best-ever year in 2021, with 21.1 GW of new capacity connected to the grid, according to the latest Global Offshore Wind Report launched by ...
China Adds Nearly 7 GW of Solar Capacity in May 2022
According to a recently published report by the Asia Europe Clean Energy (solar) Advisory (AECEA), China added 6.83 GW of solar capacity in May 2022, an increase of 86% month-over-month ...
Demand-Supply Gap of Solar Module BoS Components is Driving Domestic Module Prices Up
At a time when the solar industry had started to gain momentum, with 2022 expected to be one of the best years in terms of installations, the increase in domestic ...
Anti-Dumping Duty Imposed on Fluoro Backsheets Used in Solar Modules Imported from China
The Ministry of Finance has imposed anti-dumping duty on the import of fluoro backsheets (excluding transparent backsheets) from China to remove the harm being caused to the domestic market. Fluoro ...
ReneSola Power’s Revenue Dips 85% YoY to $3.5 Million in Q1 2022
China-based supplier of green energy products ReneSola Power recorded a revenue of $3.5 million in the first quarter (Q1) of the current fiscal year (FY), a year-over-year (YoY) dip of ...
Solar Tracker Manufacturer Arctech’s Joint Venture in India Starts Trial Operations
Arctech, a solar tracking and building integrated photovoltaic (BIPV) solutions provider, announced its first joint venture Jash Energy — a 3 GW solar tracker factory in India, which has begun ...
China to Add 108 GW of Solar by the End of 2022: NEA
China's National Energy Administration (NEA) has announced that out of the 121 GW of solar projects under construction, nearly 108 GW of new solar capacity will be connected to the ...
India Needs Just 14 GW to Meet the 60 GW Large-Scale Solar Target by 2022
India has installed 45.6 GW of utility-scale solar capacity to date, 14.4 GW shy of meeting the government-set target of installing 60 GW by 2022, according to Mercom’s India Solar ...
China Invites Bids for 11.25 GW of Offshore Solar Projects in Shandong Province
Shandong Provincial Energy Administration has invited bids to develop ten offshore solar photovoltaic (PV) sites with a total installed capacity of 11.25 GW. The projects will be developed in Binzhou, ...
Anti-Dumping Duty on Solar Glass Imports from China Likely to be Extended for Two More Years
The Directorate General of Trade Remedies (DGTR) has recommended extending the anti-dumping duty on imported textured tempered glass (solar glass) from China by two more years. DGTR found that solar ...
Global Renewable Capacity Additions to Breach 300 GW Mark in 2022: IEA
Renewable capacity addition in 2022 is expected to grow by 8% and breach the 300 GW mark for the first time, according to a report published by the International Energy ...
Jinko Solar’s Revenues Soar With Shipments Up 57% YoY in Q1 2022
Jinko Solar, the Chinese solar module and cell manufacturer, in its financial results for the first quarter (Q1) of the year 2022, reported total revenues of RMB 14.76 billion ($2.24 ...
Polysilicon Manufacturer Daqo Reports a YoY Revenue Surge of 399% in Q1 2022
Daqo New Energy Corporation, a Chinese solar photovoltaic-grade polysilicon manufacturer, reported a revenue of $1.2 billion in the first quarter (Q1) of 2022, a year-over-year (YoY) increase of 399% compared ...
Solar Module Imports Jump by 210% YoY to 10 GW in the First Quarter Before BCD Takes Effect
Indian solar developers have procured 9.7 GW of solar modules in the first quarter (Q1) of 2022 and stockpiled them ahead of Basic Customs Duty (BCD) on solar cells and ...
Reliance to Purchase Production Lines for HJT Cells With an Annual Capacity of 4.8 GW
Reliance Industries Limited has signed a letter of commitment (LoC) with Maxwell Technology, a wholly-owned subsidiary of Suzhou Maiwei Technology — to purchase eight sets of high-efficiency production lines for ...
Researchers Develop Technology to Store, Convert Solar Energy to Electricity on Demand
The researchers at Chalmer’s University of Technology, Sweden, have developed a solution-and-neat-film-based Molecular Solar Thermal energy storage system (MOST) to capture solar energy and convert it into electricity on demand ...
Onshore Wind Installations in India Forecasted at 4.1 GW in 2023: GWEC
According to the Global Wind Energy Council’s (GWEC) Global Wind Report, 2022, the Indian wind market outlook for 2022 and 2023 is projected at 3.2 GW and 4.1 GW of ...
Anti-Dumping Duty Likely on Fluoro Backsheet from China Used in Solar Modules
The Directorate General of Trade Remedies (DGTR) has recommended the imposition of anti-dumping duty on the imports of fluoro backsheet originating in or exported from China for five years starting ...
Global Lithium-ion Battery Capacity to Increase Five-Fold to 5,500 GWh by 2030: Report
According to Wood Mackenzie, a global research and consultancy firm, the cumulative lithium-ion battery capacity is likely to rise over five-fold to 5,500 GWh between 2021 and 2030, keeping in ...
China Exports 100 GW of Modules, Adds 55 GW of Solar Capacity in 2021
The solar industry in China continues to thrive with 55 GW of solar installations in 2021 and module exports surpassing 100 GW, despite the pandemic and various supply chain issues, ...
ALMM Inclusion Irks Open Access, Rooftop Solar Installers
The Ministry of New and Renewable Energy (MNRE), in its recent order, amended the regulations related to the Approved List of Models and Manufacturers (ALMM) of solar modules, extending it ...
