china

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Canadian Solar Posts Record Year Even as Q4 Profits Plunge

Solar module maker Canadian Solar reported record 2023 numbers with an 89% surge in net income for the full year (FY), but profits in the fourth quarter (Q4) fell...

March 15, 2024

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Staff

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Finance and M&A
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India Adds 190 MT of CO2 as Global Emissions Hit a Record in 2023: IEA Report

India’s weakened monsoon spell, coupled with the country’s strong GDP growth, added nearly 190 million tons (MT) of CO2 to global emissions, according to a report by the...

March 5, 2024

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Staff

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Renewable Energy
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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...

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Daily News Wrap-Up: India’s Rooftop Solar Installations Reach 1.7 GW in 2023

India installed 1.7 GW of rooftop solar capacity in 2023, the second-highest annual installation numbers on record, according to Mercom India Research’s newly...

March 4, 2024

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Mercom Staff

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Daily Wrap-up
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Polysilicon Imports into China Drop as Manufacturers Shift to Vietnam

Polysilicon imports into China dropped 28.5% in 2023 to 62,965 metric tons (MT), the lowest level since 2011, according to Germany-based polysilicon market research firm...

March 1, 2024

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Staff

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Markets & Policy
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Daqo Q4 2023 Earnings Fall Amid Crashing Polysilicon Prices

China-based polysilicon manufacturer Daqo New Energy Corporation reported lower revenue and net income in the fourth quarter (Q4) of 2023, as polysilicon prices...

February 29, 2024

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Staff

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Finance and M&A
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Red Sea Shipping Crisis Hits Key Trade Route for Solar Modules

Prices of solar modules shipped from Asia to Europe have jumped as much as 20% as trade disruptions in the Red Sea, which carries 12% of the world’s seaborne trade, have...

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Indian Solar Exports Grow 227% YoY in 2023, Imports up 89%

Indian solar exports rose 227% year-over-year (YoY) to $1.8 billion (~₹152.6 billion) in CY 2023 from $561 million (~₹46.4 billion), according to recent data published...

February 26, 2024

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Anubhav Prakash

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Markets & Policy

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Mercom Research Focus

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Solar
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Brazil Imports 17.5 GW of Solar Modules in 2023

Brazil imported 17.5 GW of photovoltaic (PV) modules in 2023, representing a 1.7% decline compared to the previous record year, according to Sao Paulo-based research...

February 21, 2024

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Staff

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Markets & Policy

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Renewable Energy
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DGTR Opens Anti-Dumping Probe into Solar Glass Imports from China and Vietnam

The Directorate General of Trade Remedies (DGTR) has initiated an anti-dumping investigation on imports of textured tempered coated and uncoated glass originating in or...

February 16, 2024

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Arjun Joshi

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Markets & Policy

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Solar
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Daily News Wrap-Up: Solar Auctions Surge 82% YoY in 2023

Solar auctions during the calendar year 2023 witnessed an 82% year-over-year (YoY) growth, with 22.2 GW projects auctioned, according to Mercom India Research. Falling...

January 31, 2024

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Mercom Staff

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Daily Wrap-up
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China Adds 217 GW of Solar Power Capacity in 2023

China’s cumulative installed power capacity reached approximately 2.92 TW, a year-over-year (YoY) increase of 13.9%, with solar power accounting for 609.49 GW, a...

January 30, 2024

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Gautamee Hazarika

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Energy Storage

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Markets & Policy

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Solar
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Solar and Wind Capacities to Reach 710 GW Globally by 2028: IEA

Renewable electricity capacity additions soared globally in 2023, reaching an estimated 507 GW. This marked a nearly 50% increase from the previous year, driven by...

January 15, 2024

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Arjun Joshi

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Other

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Renewable Energy
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First Solar Opens 3.3 GW Solar Module Manufacturing Facility in Tamil Nadu

U.S.-based photovoltaic (PV) modules manufacturer First Solar has inaugurated its fully vertically integrated solar manufacturing facility in Tamil Nadu. The India...

January 12, 2024

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Gautamee Hazarika

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Markets & Policy

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Solar
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DGTR Recommends Five-Year Extension of Anti-Dumping Duty on Chinese EVA Backsheets

The Directorate General of Trade Remedies (DGTR) has recommended the extension of anti-dumping duty on the imports of Ethylene Vinyl Acetate (EVA) backsheets originating...

January 10, 2024

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Arjun Joshi

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Markets & Policy

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Solar

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