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Daily News Wrap-Up: NTPC’s 3 GW FDRE-II Auction Result

ABC Cleantech (Axis Energy), Juniper Green Energy, Serentica Renewables India 11 (Serentica Renewables), Tata Power Renewable Energy, and ReNew Solar Power won...

March 26, 2024

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Mercom Staff

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Daily Wrap-up
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US Energy Storage Grows at Record Pace with 8.7 GW, Nearly Doubling in 2023

The U.S. energy storage market saw breakneck growth in 2023, shattering previous installation records across multiple segments, as the country added 8.7 GW of new energy...

March 22, 2024

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Staff

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Energy Storage

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Market & Policy
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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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US Senators Call for Incentivizing Domestic Production of Solar Wafers

A group of U.S. senators has asked Treasury Secretary Janet Yellen to ensure that domestic production of wafers and polysilicon used in the manufacturing of solar...

March 4, 2024

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B.S. Nagaraj

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Markets & Policy

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Solar
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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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First Solar Swings to Profit in Q4 on Strong US Demand

U.S.-based solar module manufacturer First Solar reported a fourth-quarter (Q4) net income of $349 million, swinging to profit from last year’s loss of $7.5 million, as...

February 28, 2024

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Staff

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Finance and M&A
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Seek Deferment of CBAM by Three Years, Parliamentary Panel Tells Government

A parliamentary committee has asked the government to seek postponement of the application of the European Union’s Carbon Border Adjustment Mechanism (CBAM) to the Micro,...

February 16, 2024

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B.S. Nagaraj

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Other

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Renewable Energy
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Nextracker’s Q3 Revenue Up 38% YoY on Higher Deliveries in US

Solar tracker firm Nextracker reported a 38% year-over-year (YoY) jump in its revenue for the third quarter (Q3) of the financial year (FY) 2023-24, helped by higher...

February 5, 2024

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Staff

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Finance and M&A
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Solar Panel Efficiency Drops by 15% During Peak Pollen Season Despite Rains

Pollen coating can reduce the performance of solar photovoltaic (PV) modules, and rains are not enough to wash them away, according to a report by National Renewable...

December 26, 2023

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Staff

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Markets & Policy

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Solar
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Daily News Wrap-Up: Ministry Notifies Rules for Leasing Offshore Wind Sites

Leased areas for offshore wind energy projects will be valid for an initial three-year period for conducting resource measurements and surveys, according to the Offshore...

December 22, 2023

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Mercom Staff

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Daily Wrap-up
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US Treasury Announces Guidance on 45X Advanced Solar Manufacturing Tax Credit

The U.S. Department of Treasury and the Internal Revenue Service (IRS) have proposed regulations and provided guidance to the advanced manufacturing production credit...

December 20, 2023

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Arjun Joshi

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Other

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Renewable Energy
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Daily News Wrap-Up: BluPine Gets ₹5.11 Billion Loan for 120 MW Solar Project

Renewable energy company BluPine Energy has announced the financial closure of ₹5.11 billion (~$61.3 million) for its 120 MW solar project in Gujarat. The green loan...

December 15, 2023

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Mercom Staff

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Daily Wrap-up
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Global Wind Power Outlook Falls 29 GW in Q4 2023: Wood Mackenzie

The worldwide wind power industry forecast has declined by 29 GW in Q4 2023, indicating that the cumulative installed capacity would fall to 2.35 TW by the end of 2032,...

December 8, 2023

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Staff

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Markets & Policy

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Wind
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SB Energy Secures $2.4 Billion for Domestic Renewable Projects in US

SB Energy Global, a U.S.-based integrated renewable energy platform, has secured $2.4 billion to support the development of renewable energy projects focusing on the...

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Indian Solar Exports Surge by 246% YoY in Q3 2023

Solar cell and module exports from India surged 246% to $543.8 million (~₹45.5 billion) in the third quarter (Q3) of 2023 from $157 million (~₹12.5 billion) in Q3 2022,...

November 30, 2023

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Anubhav Prakash

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Mercom Research Focus

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Solar

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