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 ...
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 ...
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 ...
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 ...
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 ...
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 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 ...
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 ...
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
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 ...
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 ...
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
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 ...
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
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 ...
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 ...
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 ...
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% ...
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, ...
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 ...
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 ...
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
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, ...
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 ...
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 ...
