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
LONGi, Jinko, Adani_ India's Largest Solar Module Suppliers in First Half of 2020

LONGi, Jinko, Adani: India’s Largest Solar Module Suppliers in First Half of 2020

LONGi Solar, Jinko Solar, and Adani emerged as the top three solar modules suppliers in India in the first half (1H) of the calendar year (CY) 2020. According to Mercom's ...
/ / Mercom Research Focus, Other
Solar Module Manufacturer Risen Energy Acquires Polysilicon Business of Dunan

Solar Module Manufacturer Risen Energy Acquires Polysilicon Business of Dunan

Chinese solar photovoltaic (PV) module manufacturer Risen Energy recently acquired a 100% stake in the polysilicon business of Dunan PV through its wholly-owned subsidiary, Risen Orient. Dunan PV is engaged ...
/ / Finance and M&A, Solar
Wind Installations to Cross 71 GW in 2020 Despite COVID-19 Challenges_ GWEC

Wind Installations to Cross 71 GW in 2020 Despite COVID-19 Challenges: GWEC

The latest market outlook published by the Global Wind Energy Council Market (GWEC) Intelligence expects 71.3 GW of wind power installations in 2020 despite the impact of COVID-19, a 6% ...
/ / Wind
China Adds 18.7 GW of Solar Capacity in First Nine Months of 2020

China Adds 18.7 GW of Solar Capacity in First Nine Months of 2020

China has installed 18.7 GW of solar capacity in the first nine months of 2020, an increase of 17% compared to 16 GW installed during the same period in 2019, ...
/ / Markets & Policy, Solar
JinkoSolar's Operating Subsidiary Raises $458 Million in Equity Financing

JinkoSolar’s Operating Subsidiary Raises $458 Million in Equity Financing

JinkoSolar, a solar module manufacturer, announced that its operating subsidiary, Jinko Solar Company Limited (Jiangxi Jinko), has raised RMB 3.1 billion (~$458 million) through equity financing. As per the company’s ...
/ / Finance and M&A, Solar
Solar Glass Shortage Widens Demand-Supply Gap in China's Module Market (1)

Solar Glass Shortage Widens Demand-Supply Gap in China’s Module Market

A new report by SolarZoom highlights the demand-supply gap in the Chinese solar module market due to the ongoing shortage of solar glass used in the manufacturing of solar modules ...
/ / Markets & Policy, Solar
Solar Imports in Q3 Down 77% From Last Year

Solar Imports in Q3 Down 77% From Last Year

According to the latest trade data, India’s solar imports were 77% lower than the same period last year, which saw $598.1 million (~₹42.2 billion) of imports. However, solar imports rose ...
Restraining Order Thwarts Trump's Move to Remove Exemption on Bifacial Solar Modules

Restraining Order Thwarts Trump’s Move to Remove Exemption on Bifacial Solar Modules

A trade court in the United States has temporarily blocked President Donald Trump's bid to revoke the exclusion of imported bifacial solar panels from safeguard duty imposition. According to Bloomberg, ...
/ / Markets & Policy, Solar
China Adds 1.3 GW of Residential Rooftop Capacity in September 2020

China Adds 1.3 GW of Residential Rooftop Capacity in September 2020

China’s National Energy Administration (NEA) has published the latest figures for the residential rooftop solar installations. The country added 1.3 GW of residential rooftop solar capacity in September 2020. The ...
/ / Rooftop, Solar
2019 Was the Best Year for Offshore Wind With 6.1 GW of Capacity Addition_ Report

2019 Was the Best Year for Offshore Wind With 6.1 GW of Capacity Addition: Report

By the end of 2020, the offshore wind energy industry will see 6.6 GW of installations worldwide.  According to the latest Global Wind Energy Council's (GWEC) report, despite the negative ...
/ / Wind
Solar at the Centerstage, India's Power demand Outpaces other Regions by 2030_ IEA Report

Solar at the Centerstage, India’s Power Demand Outpaces other Regions by 2030: IEA Report

Solar is likely to be the new king in the world's electricity market, and India could be a leading market for utility-scale battery storage, says International Energy Agency's latest World ...
/ / Markets & Policy, Solar
Audi to Set Up a Joint Venture With China's FAW to Manufacture Electric Vehicles

Audi to Set Up a Joint Venture With China’s FAW to Manufacture Electric Vehicles

Audi, a German luxury automobile manufacturer, announced that it has signed a Memorandum of Understanding with China's state-owned automobile company FAW to launch a joint venture to produce electric vehicles ...
/ / Electric Vehicles, Grid
Volkswagen to Invest €15 Billion in Electric Mobility by 2024 in China

Volkswagen to Invest €15 Billion in Electric Mobility by 2024 in China

Volkswagen, a Germany-based automobile manufacturer, announced its plans to invest €15 billion (~$ 17.53 billion) in China’s electric mobility segment by the end of 2024. The carmaker’s China arm will ...
/ / Electric Vehicles, Grid
Is there a Case for Basic Customs Duty on Solar Inverters_

Is there a Case for Basic Customs Duty on Solar Inverters?

To combat the impact of COVID-19, the government has announced various measures, and chief of them was the “Aatmanirbhar Bharat” or self-reliant India. One of the main initiatives under this ...
/ / Mercom Research Focus, Other
China’s Pledge to Become Carbon-Neutral by 2060 Has Global Implications

China’s Pledge to Become Carbon-Neutral by 2060 Has Global Implications

The world’s largest and growing energy market, China, announced its ambition to transform into a  carbon-neutral economy by 2060. However, for a country that contributes 28% of global emissions, Chinese ...
/ / Other, Renewable Energy
Average Cost of Lithium-ion Battery Cell Likely to Plummet to $100_kWh in 2023_ Report

Average Cost of Lithium-ion Battery Cell Likely to Plummet to $100/kWh in 2023: Report

Average lithium-ion (Li-ion) battery cell cost will fall below $100/kWh in the next three years, while improved cheaper technologies and economies of scale will drive it down to $73/kWh by ...
India to Set up a Task Force to Establish Power Equipment Manufacturing Zones_ RK Singh

India to Set up a Task Force to Establish Power Equipment Manufacturing Zones: RK Singh

The Union Minister of Power, R.K. Singh, cautioned domestic manufacturers against importing necessary equipment from ‘countries of concern.’ Singh spoke at a webinar- Indian Electrical and Electronics Manufacturers Association (IEEMA) ...
/ / Grid, Market & Policy
China Leads the Lithium-Ion Battery Supply Chain as Europe Makes Progress_ BNEF Study

China Leads the Lithium-Ion Battery Supply Chain as Europe Makes Progress: BNEF Study

Chinese lithium-ion battery manufacturers are likely to retain their recently acquired number one position in the next five years. The U.S. and Sweden may emerge third and fourth by 2025, ...
China’s New Framework to Boost Hydrogen Fuel Cell Vehicles

China’s New Framework to Boost Hydrogen Fuel Cell Vehicles

The finance ministry of the People’s Republic of China has issued a notice about launching demonstration applications of fuel cell vehicles. The notice about new policies to support hydrogen fuel ...
/ / Electric Vehicles, Grid
These High-Performance Organic Solar Cells Claim to Have an Efficiency of Over 14%

These High-Performance Organic Solar Cells Claim to Have an Efficiency of Over 14%

A research team from the South China University of Technology has claimed to have developed a new method of producing organic solar cells, which eliminate the need for potentially toxic ...
/ / Solar, Technology
China's FDI in India's Non-Conventional Energy Space Shrunk in 2019-20

China’s FDI in India’s Non-Conventional Energy Space Shrunk in 2019-20

China's foreign direct investment (FDI) in the Indian non-conventional energy segment was just 3.14% of the total Chinese FDI over the last five years, indicated minister of state for finance, ...
/ / Finance and M&A, Other