Solar Imports Up 72% YoY in Q1 2021, Exports Show a Marginal Drop of 19%

Solar Imports Up 72% YoY in Q1 2021, Exports Show a Marginal Drop of 19%

In the first quarter (Q1) of the calendar year (CY) 2021, India imported solar cells and modules amounting to $259 million (~₹18.93 billion), a 132% increase compared to Q4 CY 2020 ...
China Installs 5.33 GW of Solar Capacity in Q1 2021

China Installs 5.33 GW of Solar Capacity in Q1 2021

China installed 5.33 GW of solar capacity in the first quarter (Q1) of the calendar year 2021, a 35% year-over-year (YoY) increase compared to 3.95 GW in Q1 2020, according ...
/ / Markets & Policy, Solar
Solar ALMM Enlistment to Take Longer Than Expected

Solar ALMM Enlistment to Take Longer Than Expected

In its initial steps towards reducing India's dependence on solar imports and self-reliance, the Ministry of New and Renewable Energy (MNRE), as early as 2018, announced compulsory registration of solar ...
/ / Markets & Policy, Solar
Apple’s Global Suppliers Moving to 100% Renewable Energy in Their Operations

Apple’s Global Suppliers Moving to 100% Renewable Energy in Their Operations

Apple announced that over 110 of its manufacturing partners worldwide are moving to 100% renewable energy. The move would mobilize nearly 8 GW of clean energy to come online. These ...
/ / Other, Renewable Energy
DGTR Initiates Anti-Dumping Probe Into Import of Fluoro Backsheet Used in Solar Modules

DGTR Initiates Anti-Dumping Probe Into Import of Fluoro Backsheet Used in Solar Modules

The Directorate General of Trade Remedies (DGTR) has initiated an anti-dumping probe on 'fluoro backsheet' imported from China. Fluoro backsheet is a polymer-based component used in the manufacture of solar ...
China Installs Record 52 GW of New Wind Capacity, Doubles Annual Installations in 2020

China Installs Record 52 GW of New Wind Capacity, Doubles Annual Installations in 2020

According to the latest data released by Global Wind Energy Council's (GWEC) market intelligence, 2020 was a record year for wind power growth in the Asia Pacific, specifically driven by ...
/ / Wind
Vestas Dominates Global Wind Turbine Supplier Market in 2020

Vestas Dominated Global Wind Turbine Supplier Market in 2020

Danish manufacturer Vestas holds the title of the world’s largest supplier of wind turbines in 2020 across the onshore and offshore wind, according to the latest preliminary rankings for the ...
/ / Wind
Solar Industry Weighs in on the Basic Customs Duty Implications

Solar Industry Weighs in on the Basic Customs Duty Implications

The Ministry of New and Renewable Energy (MNRE) recently imposed a basic customs duty (BCD) of 40% on solar modules and 25% on solar cells, starting April 1, 2022. The ...
/ / Markets & Policy, Solar
Anti Dumping Duty on Solar Glass Has Resulted in Monopoly, Shortage, Price Rise

Anti Dumping Duty on Solar Glass Has Resulted in Monopoly, Shortage, Price Rise

The solar glass shortage in China that started some six months back has started to affect the Indian solar manufacturing industry. This, coupled with the duties on glass, has started ...
/ / Markets & Policy, Solar
Asia-Pacific Markets Are Most Challenging for Corporates to Shift to 100% Clean Energy

Asia-Pacific Markets are Most Challenging for Corporates to Shift to 100% Clean Energy

Asia-Pacific markets are among the most challenging in the world for global companies to switch to 100% renewable energy, RE100 said in a new report. RE100 is an initiative led ...
/ / Other, Renewable Energy
China’s Demand for Utility-Scale Solar Projects to Reach 60-75 GW in 2021_ AECEA

China’s Demand for Utility-Scale Solar Projected to Reach 60-75 GW in 2021: AECEA

China’s National Energy Administration (NEA) has released a draft version of its envisaged national unified renewable energy power consumption targets for the upcoming decade. According to the draft, non-hydro power ...
/ / Markets & Policy, Solar
Offshore Wind Segment to be the New Hiring Haven for Energy Jobs: Report

Offshore Wind Segment to be the New Hiring Haven for Energy Jobs: Report

The offshore wind energy segment will be the new hiring haven for energy jobs, according to Rystad Energy analysis. Demand for offshore wind staff will triple by the end of ...
/ / Wind
Europe to Lead the Way in Green Energy Transition, Says MIT Report

Europe to Lead the Way in Green Energy Transition, Says MIT Report

The MIT Technology Review, in association with Citrix, Morgan Stanley, and Salesforce, has come out with a new report named the 'Green Future Index' that has ranked 76 countries on ...
/ / Other, Other Energy
Global Green Bond Issuance Reached a Record High of $269.5 Billion in 2020: Report

Global Green Bond Issuance Reached a Record High of $269.5 Billion in 2020: Report

Global green bond issuance reached a record high of $269.5 billion in 2020, a 1.12% increase compared to $266.5 billion in 2019, due to a late surge in the second ...
/ / Other, Renewable Energy
500%-800% Rise in Freight Charges Adding Financial Burden on Solar Projects

500%-800% Rise in Freight Charges Adding Financial Burden on Solar Projects

Indian solar developers face a new challenge while importing modules, especially from China. Solar companies are reporting that shipping/freight charges have shot up substantially in the range of 500%-800% in ...
/ / Mercom Research Focus, Other
Solar Imports in CY 2020 Down by 78%, Exports Declined by 67%

Solar Imports in CY 2020 Down by 78%, Exports Declined by 67%

In the calendar year 2020, India imported solar cells and modules worth $475.78 million (~₹34.7 billion), a 78% drop compared to CY 2019. In CY 2019, the Indian solar sector had ...
China Adds 48.2 GW of Solar Capacity in 2020, its Second Best Year on Record

China Adds 48.2 GW of Solar Capacity in 2020, its Second Best Year on Record

China has installed 48.2 GW of solar capacity in 2020, a 60% year-over-year increase compared to 30.11 GW in 2019, according to the latest data from the National Energy Administration ...
/ / Markets & Policy, Solar
China Added Over 40 GW of Solar Capacity in 2020_ AECEA

China Added Over 40 GW of Solar Capacity in 2020: AECEA

China may have installed up to over 40 GW of solar capacity in 2020 based on preliminary data, according to a new report from the Asia Europe Clean Energy Advisory ...
/ / Markets & Policy, Solar
Daily News Wrap-Up_ BHEL Wins ₹32 Billion Work Orders for Hydro Turbines and Pumpsets

Daily News Wrap-Up: BHEL Wins ₹32 Billion Work Orders for Hydro Turbines and Pumpsets

Here are some noteworthy cleantech announcements from around the world: LG Electronics announced its plans to set up a joint venture (JV) with Canada-based automotive supplier Magna International to manufacture electric motors, inverters, and ...
China and India Poised to Lead Global Electricity Demand in 2021_ IEA Report

China and India Poised to Lead Global Electricity Demand in 2021: IEA Report

After experiencing its most significant decline in decades, global electricity demand is expected to rebound modestly next year, led by China, India, and other emerging economies, according to a new ...
/ / Grid, Market & Policy
The Netherlands Asked to Pay €659 Million for Not Imposing Duties on Solar Imports

The Netherlands Asked to Pay €659 Million for Not Imposing Duties on Solar Imports

The European Commission (EC) has asked the Netherlands to pay €659 million (~$798.6 million) to the European Union for not imposing anti-dumping and countervailing duties on solar panels imported from ...
/ / Markets & Policy, Solar
China’s Solar Polysilicon Manufacturer Daqo Reports 150% Rise in Gross Profit in Q3 2020

China’s Solar Polysilicon Manufacturer Daqo Reports 150% Rise in Gross Profit in Q3 2020

China-based Daqo New Energy Corporation announced that its gross profit stood at $45.3 million in the third quarter or 2020 (Q3 2020), up over 150% from $18.1 million in the same quarter ...
Canadian Solar's Financial Report Acknowledges Raw Material Shortage Affecting Prices

Canadian Solar’s Financial Report Acknowledges Raw Material Shortage Affecting Prices

Global solar module supplier and project developer Canadian Solar has reported a strong performance in its financial results for the quarter ended September 30, 2020. The module manufacturer said it ...
/ / Finance and M&A, Solar
China Likely to Add 34-38 GW of Solar Capacity in 2020 AECEA

China Likely to Add 34-38 GW of Solar Capacity in 2020: AECEA

China to add between 34-38 GW of solar capacity in 2020. This is an increase from its previous forecast of 28 GW to 34 GW of installations and would represent a 13% ...
Daily News Wrap-Up_ China Adds 1.3 GW of Residential Solar Capacity in October 2020

Daily News Wrap-Up: China Adds 1.3 GW of Residential Solar Capacity in October 2020

Here are some noteworthy cleantech announcements of the day from around the world: China has installed 1.3 GW of residential solar capacity in October 2020, according to the latest data ...
/ / Other, Renewable Energy