Solar Energy Market Research News

Danish Transparent Solar Cells Achieve 12.3% Efficiency

Researchers from the EU-funded CitySolar project have developed a new technology that can turn ordinary windows into power-generating units without losing their transparency. It offers an efficiency of 12.3% and a transparency of 30%, the team claims to have set a world record for transparent solar cell modules. These solar cells work like the leaves […]

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India Needs To Invest $600 Bn In Power Sector: Wood Mackenzie

India is set to become a major player in the global energy markets with a unique growth path, featuring lower energy intensity, a diverse energy mix and increased commodity imports, the latest report from Wood Mackenzie said. The latest Wood Mackenzie’s Horizons report is titled “Eye on the Tiger: How Higher Indian economic growth could […]

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Tata, JBM & Switch Mobility Hold 88% of India’s E-Bus Market

Electric buses currently account for 4% of India’s annual bus registrations, with 3,644 units sold in FY24, reflecting an 81% year-on-year growth. The transition to cleaner fuels has decreased conventional diesel and petrol buses’ market share from 97-98% a decade ago to 90% in FY24, said CareEdge Ratings. It also predicts the electric bus adoption […]

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IIT Bombay’s 4T Silicon-Perovskite Tandem Solar Cell Hits 26% Efficiency

The Indian Institute of Technology, Bombay (IIT-B) has conducted one of the first experimental demonstrations of a 4T silicon-perovskite tandem solar cell, achieving over 26% efficiency. A team at the National Centre for Photovoltaic Research and Education (NCPRE) at IIT Bombay fabricated a semi-transparent perovskite solar cell (PSC), which, when combined with a silicon-based solar […]

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Chinese Firms Dominate Global Wind Market But Profits Sink: Report

Wood Mackenzie’s latest report on global wind turbine original equipment manufacturers (OEMs) reveals that Chinese wind energy companies led the global market in 2024. For the first time, Goldwind, Envision, and MingYang secured the top three positions worldwide, highlighting China’s increasing influence in the sector. However, the dip in their profitability remained a concern, the […]

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US Solar Module Manufacturing Soared 190% To 42.1 GW In 2024

In 2024, the United States witnessed an increase in the commercial solar segment with the addition of 2.1 GWdc of newly installed capacity. The company reported an 8% year-over-year increase in this segment compared to 2023, according to a Wood Mackenzie Report. US solar module manufacturing capacity also tripled. The US solar module manufacturing industry […]

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US Faced $5,720/MWdc/Year Potential Revenue Solar Asset Loss

In 2024, solar assets in the United States faced an average potential revenue loss of $5,720 per MWdc per year, Raptor Maps’ Power Loss dataset revealed. It attributed this to equipment-related underperformance. It said that this marked a 15% increase from 2023 and a 214% surge over the past five years. Raptor Maps’ Power Loss […]

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Global Battery Deployment Surges 15%, BESS Gains 55%

2024 marked a year of continued growth and adaptation in the global battery industry. Global electric vehicle (EV) sales climbed 25% to 17.7 million units, with Battery Electric Vehicle (BEV) demand up 14%, while Plug-in hybrid electric vehicles  (PHEV) demand surged 50%. For the first time, battery electric vehicles (BEVs) in China have reached price […]

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Low Tariffs, Land Issues Limit Wind Auctions to 5.2 GW in FY23-25: CRISIL

India’s annual wind power capacity addition will more than double to 7.1 GW on average in the next two fiscal years, compared with 3.4 GW in fiscal 2023-25. This can take the installed wind capacity up to ~63 GW by fiscal 2027, according to CRISIL research. However, capacity additions over fiscal years 2023-25 continued to […]

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