wood-mackenzie

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US Energy Storage Market Surges 74% with 10,492 MWh Installed in Q2 2024

The second quarter of 2024 marked a milestone for the U.S. energy storage market, with total installations reaching 3,011 MW/10,492 MWh, a 74% increase from the same...

October 7, 2024

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Gautamee Hazarika

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Energy Storage

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Market & Policy
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Solar and Wind Energy Uptake to Reach 5.4 TW from 2024 to 2033

The global renewable energy landscape is set to undergo significant expansion, with over 5.4 terawatts (TW) of new solar and wind capacity expected to be added from 2024...

July 10, 2024

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Gautamee Hazarika

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Other

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Renewable Energy
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Shortage of Power Transformers Threatens India’s Solar Expansion

Solar developers are facing longer lead times for power transformers as manufacturing capacity for this key component in large-scale solar projects has failed to keep...

June 25, 2024

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Arshreet Singh

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Mercom Research Focus

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Solar
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Daily News Wrap-Up: MNRE Portal to Verify DCR Content in Solar Modules

The Ministry of New and Renewable Energy (MNRE) has developed an online portal to ensure the traceability of domestically manufactured solar photovoltaic (PV) cells and...

June 24, 2024

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Mercom Staff

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Daily Wrap-up
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US Energy Storage Market Sees Record 3,512 MWh Deployed in Q1 2024, Up 89% YoY

The U.S. energy storage market set a first-quarter record for capacity installed in Q1 2024, with 1,265 MW/3,512 MWh deployed across all segments. This marks the highest...

June 21, 2024

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Gautamee Hazarika

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Energy Storage

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Market & Policy
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Chinese Wind Turbine Manufacturers Account for Majority Global Market Share

In a first for the sector, four China-based wind turbine original equipment manufacturers (OEM) have made it to the global top five rankings, according to a recent...

May 7, 2024

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Staff

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Wind
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Daily News Wrap-Up: Solar Sector Records 81% Drop in VC Funding in Q1

The solar sector secured $8.1 billion in corporate funding through 41 transactions in the first quarter (Q1) of 2024, marking a 4% decrease from the $8.4 billion raised...

April 23, 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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Arshreet Singh

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Energy Storage

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Market & Policy
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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 Installs Record 7.3 GWh Energy Storage Capacity in Q3 2023

The U.S. energy storage market installed 7,322 MWh in the third quarter (Q3) of 2023, the highest capacity in a quarter to date, according to the U.S. Energy Storage...

December 14, 2023

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Staff

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Energy Storage

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Markets & Policy
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US Solar Power Capacity Soars to 6.5 GW in Q3 2023, Reflecting 35% YoY Rise

The U.S. installed 6.5 GWdc of solar power project capacity in the third quarter (Q3) of 2023, a 35% year-over-year (YoY) increase and a 1% rise from the previous...

December 12, 2023

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Gautamee Hazarika

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Markets & Policy

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Solar
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APAC to Invest $3.3 Trillion in Power Generation with Focus on Renewables: Report

The Asia Pacific (APAC) region is forecast to invest $3.3 trillion in power generation over the next decade, with a strong focus on renewables. Wind and solar energy...

October 6, 2023

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Staff

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Other

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Renewable Energy
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US Adds 5.6 GWdc of New Solar Capacity in Q2 2023: Report

The U.S. solar industry installed 5.6 GWdc of new capacity in the second quarter (Q2) 2023, a year-over-year increase of 20%, according to the U.S. Solar Market Insight...

September 8, 2023

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Rakesh Ranjan

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Markets & Policy

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Solar

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Uncategorized
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Daily News Wrap-Up: NTPC’s Solar Module Supply Tender for 1,255 MW projects

NTPC Renewable Energy, a wholly owned subsidiary of NTPC, has invited bids for the supply of 1.58 GW of crystalline solar bifacial modules with a minimum wattage output...

September 4, 2023

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Mercom Staff

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Daily Wrap-up
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US, Europe Drive Increase in Global Wind Turbine Orders by 12% YoY in 1H 2023

Global wind turbine orders recorded a 12% year-over-year increase in the first half (1H) of 2023 with 69.5 GW of order activity, according to the global research and...

September 1, 2023

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Satish Shetty

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Markets & Policy

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Wind

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