China Installed 53 GW of Solar Capacity in 2021, Braces for a Post-Subsidy Era in 2022

China Installed 53 GW of Solar Capacity in 2021, Braces for a Post-Subsidy Era in 2022

Being the first year of China's 14th five-year plan (2021-25), 2021 witnessed several developments that could have deep ramifications for the solar industry in the country. One of the major ...
/ / Markets & Policy, Solar
Europe Imposes up to 19.2% Anti-Dumping Duty on Chinese Steel Wind Turbine Towers

Europe Imposes up to 19.2% Anti-Dumping Duty on Chinese Steel Wind Turbine Towers

The European Commission has imposed anti-dumping duties ranging from 7.2% to 19.2% on Chinese steel wind turbine (SWT) towers to protect the European wind energy sector. The Commission found that Chinese ...
/ / Markets & Policy, Wind
Global Renewable Electricity Additions Set to Reach 290 GW in 2021: IEA

Global Renewable Electricity Additions Set to Reach 290 GW in 2021: IEA

Despite rising costs for critical materials used to make solar panels and wind turbines, almost 290 GW of new renewable power projects will be commissioned in 2021, a 3% year-over-year ...
/ / Other, Renewable Energy
Canadian Solar’s Module Shipments Up 22% YoY in Q3 2021

Canadian Solar’s Module Shipments Up 22% YoY in Q3 2021

Canada-based module manufacturer Canadian Solar reported net revenue of $1.229 billion in the third quarter (Q3) of  2021, a 34% year-over-year (YoY) increase over $914.36 million in Q3 2020. The company said ...
/ / Finance and M&A, Solar
Sembcorp Acquires 98% Stake in a 658 MW Wind, Solar Portfolio in China for $517 Million

Sembcorp Acquires 98% Stake in a 658 MW Wind, Solar Portfolio in China for $517 Million

Singapore-based renewable energy company Sembcorp Industries, through its 100% subsidiary Sembcorp Energy (Shanghai), has acquired a 98% stake in a 658 MW portfolio of operational wind and solar photovoltaic (PV) assets ...
US Commerce Department Rejects Anonymous Petition for Tariffs on Asian Solar Imports

US Commerce Department Rejects Anonymous Petition for Tariffs on Asian Solar Imports

The US Department of Commerce has rejected a circumvention petition filed by an anonymous group of domestic solar manufacturers known as American Solar Manufacturers Against Chinese Circumvention, or A-SMACC, seeking ...
/ / Markets & Policy, Solar
Array Tech to Acquire Solar Tracker Manufacturer STI Norland for $652 Million

Array Tech to Acquire Solar Tracker Manufacturer STI Norland for $652 Million

Array Technologies, a U.S.-based solar tracking systems manufacturer, has signed an agreement to acquire Soluciones Técnicas Integrales Norland (STI Norland) for €570 million (~$652.16 million) in cash and stock. The ...
/ / Finance and M&A, Solar
Jakson to Scale Up its Module Manufacturing Facility to 1 GW by 2022 Interview

Jakson to Scale Up its Module Manufacturing Facility to 1 GW by 2022: Interview

The Indian solar market is steadily recovering after facing several challenges due to the Covid-19 pandemic and subsequent lockdowns in the past two years. According to Mercom's Q2 2021 India Solar ...
/ / Grid, Market & Policy
Reliance's REC Acquisition Could Reduce Indian Solar Developers' Dependence on Imports

Reliance’s REC Acquisition Could Reduce Indian Solar Developers’ Dependence on Imports

Solar developers and module manufacturers believe Reliance Group's recent solar acquisitions will help India provide an alternative to Chinese products. In June 2021, Mukesh Ambani, Chairman of Reliance Industries, announced that Reliance ...
China Adds 25.56 GW of New Solar Capacity in the First Nine Months of 2021

China Adds 25.56 GW of New Solar Capacity in the First Nine Months of 2021

China has installed 25.56 GW of new solar capacity in the first nine months (9M) of 2021, according to the latest data released by the National Energy Administration (NEA). Installations ...
/ / Markets & Policy, Solar
Power and Production Restrictions in China Continue to Add Pressure on Solar Supply Chain

Power and Production Restrictions in China Continue to Add Pressure on Solar Supply Chain

The Asia Europe Clean Energy (Solar) Advisory (AECEA), a China-based clean energy advisory company, estimates that China will add 50-55 GW capacity with an increase of 4-13% year-over-year (YoY) in ...
/ / Markets & Policy, Solar
REIL Invites Bids for 7,000 Monocrystalline, Mono PERC Solar Modules

Solar Module Prices Could Remain High Until Q1 2022

Solar module manufacturers believe that prices of Chinese modules are expected to stay high until the first quarter (Q1) of the calendar year (CY) 2022. Modules prices have gone up ...
/ / Modules, Solar
China was Second-Largest Source of Green Bond Issuance in 2020

China was Second-Largest Source of Green Bond Issuance in 2020

A report released by Climate Bonds Initiative (CBI) and China Central Depository & Clearing Research Centre (CCDC Research) has said that China was the second-largest source of green bond issuance ...
/ / Finance and M&A, Other
Power Rationing in China Could Raise Commodity Prices and Disrupt Solar Supply Chain

Power Rationing in China Could Raise Commodity Prices and Disrupt Solar Supply Chain

The Chinese government has introduced an electricity rationing policy leading to some industrial sectors shutting down operations temporarily while others are operating only two to four days a week. According ...
/ / Markets & Policy, Solar
Modules Manufactured in Europe Emit 40% Less CO2 than the Chinese Fraunhofer ISE

Modules Manufactured in Europe Emit 40% Less CO2 than the Chinese: Fraunhofer ISE

Researchers at the Fraunhofer Institute for Solar Energy have claimed that solar modules manufactured in the European Union produce 40% less carbon dioxide than modules manufactured in China. China dominates the solar ...
/ / Solar, Technology
Proposed Steep Duties Could Cost US 18 GW of Solar Deployment by 2023: SEIA

Proposed Steep Duties Could Cost US 18 GW of Solar Deployment by 2023: SEIA

The United States solar industry could miss out on 18 GW of solar deployment by 2023 due to steep duties proposed by an anonymous group of petitioners, the Solar Energy ...
/ / Markets & Policy, Solar
Sungrow’s Revenue in 1H 2021 Up 18% Led By Solar Inverter, Energy Storage System Sales

Sungrow’s Revenue in 1H 2021 Up 18% Led By Solar Inverter, Energy Storage System Sales

China-based solar inverter manufacturer Sungrow has reported an 18% increase year-over-year (YoY) in revenue in the first half (1H) of 2021. In 1H 2021, the company’s revenue stood at 8.21 billion ...
/ / Inverters & BOS, Solar
India to Contribute 20% of the Global Renewables Deployment Target for 2030: BRICS Report

India to Contribute 20% of the Global Renewables Deployment Target for 2030: BRICS Report

The latest BRICS Energy Technology Report 2021 states that India will account for one-fifth (20%) of the global renewable energy deployment target for 2030. Solar and wind power generation has been ...
/ / Other, Renewable Energy
Global Offshore Wind Installation Totaled 6.1 GW in 2020

Global Offshore Wind Installation Totaled 6.1 GW in 2020

In its recent report, the Global Wind Energy Council (GWEC) said that the global offshore wind installation stood at 6.1 GW in 2020, a slight decline compared to 6.24 GW ...
/ / Wind
Anti-Dumping Duty Likely on Aluminum Imports Used in Solar Mounting Structures

Anti-Dumping Duty Likely on Aluminum Imports Used in Solar Mounting Structures

The Directorate General of Trade Remedies (DGTR) has recommended anti-dumping duty on certain flat-rolled aluminum products imported from China to offset the injury caused due to dumping in the Indian ...
/ / Markets & Policy, Solar
WTO Rejects China's Claims on Safeguard Measures Imposed by the U.S. on Solar Imports

WTO Rejects China’s Claims on Safeguard Measures Imposed by the US on Solar Imports

A special panel constituted to look into the dispute between China and the United States regarding safeguard measures imposed by the United States on importing certain crystalline silicon photovoltaic cells ...
/ / Markets & Policy, Solar
Global Power Sector Emissions Rise 5% Above Pre-Covid Levels: Report

Global Power Sector Emissions Rise 5% Above Pre-Covid Levels: Report

A new report published by energy think tank Ember has revealed that global power sector emissions have increased above pre-pandemic levels. Global power sector emissions rebounded in the first half (1H) ...
/ / Other, Renewable Energy
TotalEnergies, Envision JV Secures $80 Million for a 170 MW Solar Portfolio in China

TotalEnergies, Envision JV Secures $80 Million for a 170 MW Solar Portfolio in China

TEESS, a 50:50 joint venture company established by TotalEnergies and Envision Group, has announced the financial close for the first part of a total $80 million non-recourse debt for a ...
/ / Finance and M&A, Solar
Can Solar Developers Rely on Local Manufacturers for Module Supply Without Disruptions

Can Solar Developers Rely on Local Manufacturers for Module Supply Without Disruptions?

The government's focus lately has shifted strongly towards establishing a domestic solar manufacturing base. The government has levied safeguard duty, Basic Customs Duty (BCD), introduced the approved list of module ...
/ / Mercom Research Focus, Other
String Inverter Supplier Ginlong Solis’ Revenue Doubles YoY to $224 Million in 1H 2021

String Inverter Supplier Ginlong Solis’ Revenue Doubles YoY to $224 Million in 1H 2021

Photovoltaic inverter manufacturer Ginlong Technologies (Solis) has recorded a 99.8% year-over-year (YoY) growth to RMB 1.45 billion (~$223.8 million) in the first half (1H) of 2021 from RMB 727 million (~$112.20 ...
/ / Finance and M&A, Solar