Researchers Develop Technology to Store, Convert Solar Energy to Electricity on Demand

Researchers Develop Technology to Store, Convert Solar Energy to Electricity on Demand

The researchers at Chalmer’s University of Technology, Sweden, have developed a solution-and-neat-film-based Molecular Solar Thermal energy storage system (MOST) to capture solar energy and convert it into electricity on demand ...
Onshore Wind Installations in India Forecasted at 4.1 GW in 2023 GWEC

Onshore Wind Installations in India Forecasted at 4.1 GW in 2023: GWEC

According to the Global Wind Energy Council’s (GWEC) Global Wind Report, 2022, the Indian wind market outlook for 2022 and 2023 is projected at 3.2 GW and 4.1 GW of ...
/ / Wind
Anti-Dumping Duty Likely on Fluoro Backsheet from China Used in Solar Modules

Anti-Dumping Duty Likely on Fluoro Backsheet from China Used in Solar Modules

The Directorate General of Trade Remedies (DGTR) has recommended the imposition of anti-dumping duty on the imports of fluoro backsheet originating in or exported from China for five years starting ...
Global Lithium-ion Battery Capacity To Increase Five-Fold To 5,500 GWh By 2030 Report

Global Lithium-ion Battery Capacity to Increase Five-Fold to 5,500 GWh by 2030: Report

According to Wood Mackenzie, a global research and consultancy firm, the cumulative lithium-ion battery capacity is likely to rise over five-fold to 5,500 GWh between 2021 and 2030, keeping in ...
China Exports 100 GW of Modules, Adds 55 GW of Solar Capacity in 2021

China Exports 100 GW of Modules, Adds 55 GW of Solar Capacity in 2021

The solar industry in China continues to thrive with 55 GW of solar installations in 2021 and module exports surpassing 100 GW, despite the pandemic and various supply chain issues, ...
/ / Markets & Policy, Solar
ALMM Inclusion Irks Open Access, Rooftop Solar Installers

ALMM Inclusion Irks Open Access, Rooftop Solar Installers

The Ministry of New and Renewable Energy (MNRE), in its recent order, amended the regulations related to the Approved List of Models and Manufacturers (ALMM) of solar modules, extending it ...
Basic Customs Will Not Favor all Solar Manufacturers

Basic Customs Duty Will Not Favor All Solar Manufacturers

With the imposition of Basic Customs Duty (BCD) on solar cells and modules around the corner, the domestic manufacturing sector is uncertain about its impact. In March 2021, the Ministry ...
/ / Mercom Research Focus, Other
Sale of Electric Cars Doubled YoY in 2021 Globally Reaching 6.6 Million IEA

Sale of Electric Cars Doubled YoY in 2021 Globally Reaching 6.6 Million: IEA

The sale of electric cars more than doubled to 6.6 million in 2021 compared to 3 million in 2020, accounting for 9% of the global car market, International Energy Agency ...
/ / Electric Vehicles, Grid
Solar Imports in 2021 Up by 641% YoY, Exports Rose 58%

Solar Imports in 2021 Up by 641% YoY, Exports Rose 58%

In 2021, India imported solar cells and modules worth $3.52 billion (~₹262.6 billion), an increase of 641% compared to 2020. In 2020, the Indian solar sector had imported solar modules ...
/ / Mercom Research Focus, Other
_Global Investment in Energy Transition Reached $755 Billion in 2021 Report (1)

Global Investment in Energy Transition Reached $755 Billion in 2021: Report

Global investment in the energy transition reached a record of $755 billion in 2021, BloombergNEF (BNEF) has said in its recent report. The investments are driven by rising climate ambition and policy ...
/ / Other, Other Energy
Renewables to Account for 90% of the Global Power Capacity Increase in 2021 and 2022: IEA

Renewables to Account for 90% of the Global Power Capacity Increase in 2021 and 2022: IEA

Renewable energy is expected to account for 90% of the global power capacity increase in 2021 and 2022, according to International Energy Agency’s (IEA) Renewable Energy Market Updates – Outlook ...
/ / Other, Renewable Energy
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