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Global Solar Installations Could Touch 574 GW In 2024, Predicts BloombergNEF

The latest report by energy think tank BloombergNEF forecasts that there could be solar installations of capacity as high as 574 GW this year. The new global PV outlook report says the new installations hit 444 GW in 2023 instead of having peaked at 413 GW as was predicted earlier by BloombergNEF. The research further […]

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Global Clean Energy Investment Jumps 17%, Hits $1.8 Trillion: BloombergNEF

The latest report on Energy Transition published by energy think tank BloombergNEF said that the global investment in the low-carbon energy transition surged 17% in 2023, reaching $1.77 trillion. The report titled, ‘Energy Transition Investment Trends 2024 ‘, said that this number is a new record level of annual investment and demonstrates the resilience of […]

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Remove Fossil Fuel Subsidy To Meet 2030 RE Targets: BloombergNEF

A latest report from BloombergNEF on the issue of global renewable targets claimed that solar is on track for what’s needed to achieve the 2030 target. The report highlighted that the world needs to reduce subsidies in fossil fuels to boost the growth of renewables. This comes at a time when several global leaders are […]

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LONGi Rated With Highest Altman-Z Score by BloombergNEF

LONGi has been rated with the highest Altman Z score of all the publicly quoted pure-play solar manufacturers by BloombergNEF In February, BloombergNEF, a leading provider of global PV business dynamics and financial information had released the “1Q 2020 Global PV Market Outlook”. LONGi, which is one of the world’s leading solar module manufacturer, was […]

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BloombergNEF Awards Sungrow 100% Bankability Rating

Sungrow has been rated “100% bankability” by BNEF, demonstrating that projects with its inverters are more likely to obtain non-recourse debt financing from banks Sungrow, one of the leading global inverter solution supplier for renewables, has announced that it was rated “100% bankability” by BloombergNEF among inverter firms in its latest survey, demonstrating that projects […]

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Sungrow Partners For One Of The America’s Largest Solar Projects

Sungrow, a global solar inverter and energy storage system provider, announced that it has supplied the project Vista Alegre with its 1+X Modular Inverter solutions to one of the Americas’ largest PV projects — a 902 MWp solar plant in Brazil. The project comes as Sungrow makes further moves to serve the Brazilian market and […]

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Vikram Solar Joins IPO Line, Files DRHP

Kolkata-based Vikram Solar Limited, a leading, and one of the earliest solar photo-voltaic module manufacturers at scale in India, has filed its draft red herring prospectus (DRHP) with SEBI to raise funds through an initial public offering (IPO). With over 15 years of industry experience as of 31 March 2024, Gyanesh Chaudhary led Vikram Solar […]

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2023: Onshore Wind Struggles With Permits, Grid Issues: Report

According to a recent report by energy research body– BloombergNEF (BNEF), the global transition towards clean electricity has reached new milestones, with wind and solar contributing 13.9% which is reported to reach a new record high. Additionally, a pair of new reports and findings from two reports published by BNEF: Power Transition Trends 2024, and […]

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Canada Imposes Surcharges Against Imports Of Chinese EVs

After the United States (US), and European Union (EU), the Canadian government has now implemented new measures to protect its workers and key economic sectors from unfair Chinese trade practices while supporting job creation in the electric vehicle (EV) supply chain. Canada’s steel and aluminum sectors have supported over 130,000 jobs nationwide. However, Canadian auto […]

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