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
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