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Carbon Credit Market to Soar: From $267.8 Billion to $1.2 Trillion by 2029

Despite the scandal involving Shell and 5.7 million tons of fraudulent carbon credits earlier this year, efforts from the carbon credit industry continue to show results, with the latest BCC research study showing an expected growth from $267.8 billion in 2023 to $1.2 trillion by 2029 at a compound annual growth rate (CAGR) of 28.4%. […]

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Offshore Wind Power Emerges Out of Shadows

The world of renewable energy is diverse, including solar, hydroelectric, geothermal, and biomass. Among these, wind power is among the most efficient and scalable clean energy sources. Offshore wind energy farms promise higher energy yields and are far from residential areas, reducing noise and visual impact. As technology advances and costs drop, offshore wind power […]

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Oman Attracts 10 GW Module/Cell Facility From Q-Sun

Countries in West Asia continue to focus on solar capacity as well as manufacturing with some success. The latest to join the manufacturing bandwagon in the sun drenched region is Oman, where Chinese solar manufacturer Q-Sun Solar has signed a deal to develop a 10GW n-type solar module and cell manufacturing facility. According to Q-Sun, […]

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Global Solar Tracker Shipments Grew By 28% In 2023 to 92 GWdc

Global Solar tracker shipments grew by 28% in 2023 to 92 gigawatts direct current (GWdc), reflecting a strong year for utility-scale solar in most regions across the world. The top ten vendors accounted for 90% of the global market share, according to Wood Mackenzie’s ‘Global solar PV tracker market share’ report 2024. For the ninth […]

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Saudi Arabia To The Rescue For Chinese Renewable Majors

Hit by domestic overcapacity and sanctions in the US and other key markets, China’s leading green energy firms are looking to the Middle East to fill the holes. As the world’s largest solar and wind market, with the manufacturing capacity to boot, Chinese firms have been well established as global suppliers across every major market, […]

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With New Import Duties On Solar Glass, Borosil Sees ‘Acche Din’ Ahead

In October 2023, Greater Noida hosted Renewable Energy Expo (REI) which saw the conglomeration of several renewable industries under one roof. On one side of the show, Borosil Renewable, one of India’s leading solar glass manufacturers hosted its stall. It entertained several solar industry leaders and had a series of meetings.  In an interview with […]

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LevelTen Raises $65 Million, To Enter Newer Markets

LevelTen Energy, which describes itself as a leading provider of transaction infrastructure for the energy transition, announced that it has secured approximately $65 million in a Series D funding round last week. The financing, which includes both new growth capital and the conversion of notes, was led by B Capital, a global multi-stage investment firm. […]

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India To See 8% Rise In Electricity Consumption In 2024: IEA Report

A latest report from the International Energy Agency (IEA) said that India’s total electricity consumption is set to rise by around 8 percent in 2024. It also said that power consumption is set to the rise significantly in countries like China, India and the United States (US). IEA’s latest report titled ‘Electricity Mid-Year Update’ talked […]

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Global Battery Demand Can Quadruple To 4,100 GWh By 2030, Says Report

Global battery demand is expected to quadruple to 4,100 gigawatt-hours (GWh) between 2023 and 2030 as electric vehicle (EV) sales continue to rise. As a result, OEMs must hone in on their battery strategies, according to a new report by Bain & Company. Over 250,000 electric cars were sold globally every week in 2023, more […]

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