Wind Turbine Maker Nordex's 9M Net Loss Grows to €372 Million on Supply Chain Disruptions

Nordex’s 9M Net Loss Grows to €372 Million on Supply Chain Disruptions

Germany-based wind turbine manufacturer Nordex SE reported a net loss of €371.6 million (~$385.1 million) in the first nine months (9M) of the calendar year (CY) 2022, compared to €103.7 ...
/ / Finance and M&A, Other
Wind Turbine Maker Vestas Posts €147 Million Loss in Q3 Amid Market Uncertainties

Wind Turbine Maker Vestas Posts €147 Million Loss in Q3 Amid Market Uncertainties

Vestas Wind Systems, a wind turbine manufacturer, posted a loss of €147 million (~$146.33 million) in the third quarter (Q3) of the calendar year (CY) 2022, compared to a profit ...
/ / Other, Wind
Apple to Decarbonize its Supply Chain by 2030, Add 3,000 GWh Renewable Energy Annually

Apple to Decarbonize its Supply Chain by 2030, Add 3,000 GWh Renewable Energy Annually

Apple has called on its global supply chain partners to take assertive steps towards decarbonization and address greenhouse gas emissions. The company plans to evaluate the initiatives of its major ...
Material Shortages, Supply Disruptions Cause 13% Dip in SMA Solar’s Net Income in 1H 2022

Material Shortages, Supply Disruptions Cause 13% Dip in SMA Solar’s Net Income in 1H 2022

Material shortages and supply chain disruptions negatively impacted the sales and financials of solar equipment supplier SMA Solar Technology during the first half (1H) of the financial year (FY) 2022 ...
/ / Finance and M&A, Solar
Frequent Policy Changes a Major Hurdle for Large-Scale Solar Installations

Policy Stability Vital for Large-Scale Solar Installations

Large-scale projects are the drivers of solar development in India, with a pipeline of approximately 57 GW at the end of the second quarter (Q2) of 2022. For India to ...
/ / Markets & Policy, Solar
Global Demand for EV Batteries to Rise to 3,500 GWh by 2030 IEA

Global Demand for EV Batteries to Rise to 3,500 GWh by 2030: IEA

Demand for electric vehicle (EV) batteries will increase from the current 340 GWh to over 3,500 GWh by 2030. The findings were published in the International Energy Agency’s (IEA) report, ...
Energy Storage Company Flux Power Logs $7.7 Million Revenue in Q2 FY 2022, a 19% Growth YoY

Energy Storage Company Flux Power Logs $7.7 Million Revenue in Q2 FY 2022, a 19% Growth YoY

Flux Power Holdings, a U.S.-based lithium-ion storage solutions provider, has reported a revenue of $7.7 million in the second quarter (Q2) of the fiscal year (FY) 2022, a 19% year-over-year ...
Spike in Freight Rates Likely to Impact Global Import Prices by 11% Until 2023 UNCTAD

Spike in Freight Rates Likely to Impact Global Import Prices by 11% Until 2023: UNCTAD

The current surge in container freight rates, if sustained, could increase global import price levels by 11% and consumer price levels by 1.5% between now and 2023, according to UNCTAD's Review ...
/ / Grid, Market & Policy
Growth of Domestic Solar Manufacturing Hindered by Global Supply Chain Disruptions

Growth of Domestic Solar Manufacturing Hindered by Global Supply Chain Disruptions

The Indian government has come up with several initiatives to encourage domestic solar manufacturing. In April this year, the Union Cabinet approved the production-linked incentive (PLI) program to push gigawatt-scale manufacturing of ...
/ / Mercom Research Focus, Other
A Robust Domestic Solar Manufacturing Ecosystem Key to Overcoming Supply Disruptions

A Robust Domestic Solar Manufacturing Ecosystem Key to Overcoming Supply Disruptions

The Government of India is focusing on increasing the domestic manufacturing capacity of solar cells and modules to meet the high demand by solar developers and minimize reliance on Chinese ...
/ / Markets & Policy, Solar
Apple’s Global Suppliers Moving to 100% Renewable Energy in Their Operations

Apple’s Global Suppliers Moving to 100% Renewable Energy in Their Operations

Apple announced that over 110 of its manufacturing partners worldwide are moving to 100% renewable energy. The move would mobilize nearly 8 GW of clean energy to come online. These ...
/ / Other, Renewable Energy
With Industry Consolidation, 22,893 Wind Turbines Were Supplied in 2019_ GWEC

With Industry Consolidation, 22,893 Wind Turbines Were Supplied in 2019: GWEC

The Global Wind Energy Council (GWEC) recently published the second edition of its annual ‘Supply-Side Analysis 2019’ report, which said that 22,893 wind turbines were installed globally in 2019. These ...
/ / Wind
Wind Turbine Maker Vestas’ Revenue Surges 29% YoY in Q1 2020 Amid COVID-19

Wind Turbine Maker Vestas’ Revenue Surges 29% YoY in Q1 2020 Amid COVID-19

Vestas Wind System, a wind turbine manufacturer, revealed that in the first quarter of 2020, the company generated a revenue of €2.235 billion (~$2.42 billion), showing a year-over-year increase of ...
/ / Wind