US

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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2025: Solar, BESS To Account For 81% New US Capacity Addition

The latest Preliminary Monthly Electric Generator Inventory report by the US Energy Information Administration (EIA) expects 63 GW of new utility-scale electric-generating capacity to be added to the US power grid in 2025. This amount represents an almost 30% increase from 2024, when 48.6 GW of capacity was installed, the largest capacity installation in a […]

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Gensol Unlocks Rs. 350 Cr Deal For Scorpius’ US Subsidiary

Gensol Engineering Limited has signed a non-binding Term Sheet for a Rs. 350 crore transaction involving the sale of its US subsidiary, Scorpius Trackers Inc., to a Renewable Energy Solutions provider in the US. The deal includes transferring exclusive and global Intellectual Property (IP) rights (except India) for Scorpius Trackers’ solar tracking technology. Gensol had […]

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Laos, India, And US Made Modules Exhibit Highest Defect Rates-Kiwi Research

The latest report by Kiwi Research, claims that Modules made in Laos, India, and the U.S. exhibit the highest module defect rates, exceeding 8% (percentages are per batch of PSI samples). The report drew this conclusion based on defect rates observed during PSI across various manufacturing countries. The study stated, “This trend can be attributed […]

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Covestro Sources Renewable Energy From 90 MW Ørsted Project

Covestro, a polymer materials supplier, has four US sites that have reached net-zero Scope 2 electricity emissions through the allocation of Renewable Energy Certificates (RECs). This achievement is a result of Covestro’s existing virtual Power Purchase Agreement (PPA) with Ørsted. Under this agreement, Denmark-based Ørsted provides Covestro with 90 MW of renewable energy capacity, reducing […]

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Waaree Energies To Start TOPCOn Cell Production From April 2025

Indian solar module manufacturer Waaree Energies is all set to start producing TOPCon-based solar cells from April this year. The company’s top management is optimistic about its plan to commence TOPCon cell production at its proposed solar cell plant soon. In its latest investors’ call, Amit Paithankar, Chief Executive Officer (CEO) of Waaree Energies, said […]

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Global Energy Transition Investments Exceed $2Tn: BloombergNEF

BloombergNEF’s annual report found that low-carbon energy transition investment grew by 11% worldwide, reaching a record $2.1 trillion in 2024. According to the Energy Transition Investment Trends 2025 report, this growth was driven by electrified transport, renewable energy, and power grids. The report revealed that all these sectors reached new highs last year, along with […]

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SEIA Envisions To Install 700 GWh ESS Across US By 2030

US solar body Solar Energy Industries Association (SEIA) has unveiled a target for the U.S. to deploy 10 million distributed storage installations and reach 700 gigawatt-hours (GWh). These targets are part of a new whitepaper that analyzes the economic and energy security imperative of the storage sector. SEIA has also set sub-targets for residential, community, […]

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India’s EV Market Jumps To 7.4% In 2024: SBI Caps Report

The evolution of the electric auto industry revolution is in full swing—1 in 4 vehicles sold globally in CY24 was electric, a leap from 1 in 40 just five years ago, finds SBI Caps report. The report accredited this latest growth to lower operating costs, cushioned by tax breaks and subsidies making EVs more accessible […]

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