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solar market

China RE Installations To Grow 5 Times By 2050 With 5 TW Solar Capacity, Finds Study

A recent report by Norwegian analyst DNV has shown that China will have more than quintuple renewable energy installations by 2050. Energy Transition Outlook China 2024 (ETO) report states that in the coming years, the Chinese energy mix will shift rapidly from one dominated by fossil fuels to one where renewable power plays a key […]

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Inverter Major Sungrow Overtakes Longi By Market Cap

Sungrow, the no 1 solar inverter firm by most rankings, has crossed the market valuation of module maker LONGi, long seen as the largest solar equipment form out of China. With year-end revenues of RMB72.25 billion (US$9.9 billion) for 2023, the Sungrow stock surged to the highest market cap among Chinese PV firms. Revenues of […]

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Grew Energy’s 200 MW Module Contract From SECI To Support Market Building

Grew Energy has scored in the Solar Energy Corporation of India’s (SECI) auction, clinching the largest share of a 200 MW module supply contract. According to a press release by Grew Energy, the company’s mandate entails the testing, packaging, forwarding, supplying, and transporting of solar PV modules. Grew Energy has been domestically manufacturing solar cells […]

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Environment Tech Funding- Solar Struggles As Energy Storage & Mobility Dominates

Tracxn, a leading platform for tracking startups and private companies has released a detailed report on Environment Tech funding.  the report has some interesting insights in the Indian context. Providing data backed analysis, the report points out that the Indian Environment tech sector has raised total funding of $7.3 billion till date. India’s environmental technology […]

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Scatec Launches 540 MW Kenhardt Solar Farm In South Africa

Scatec has recently launched the Kenhardt project totalling 540 MW solar and 225 MW/1,140 MWh battery storage in South Africa. The Scatec project is touted to be one of the world’s largest hybrid solar and battery storage facilities. The Sactec project was awarded by the Department of Mineral Resources and Energy in South Africa under […]

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US Announces $7 Billion Solar For All Program For Rooftop Solar

In an announcement on Earth Day (April 22nd) that will remind many of India’s very own almost $8 billion PM Suryaghar Yojana, the Biden Administration has announced a massive push for rooftop solar in the US. The program was kicked off with the U.S. Environmental Protection Agency announcing that 60 selectees will receive $7 billion […]

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JinkoSolar Enters BNEF Energy Storage Tier 1 List

Continuing the trend of leading solar equipment manufacturers making a mark into energy storage as well,  leading globak module maker JinkoSolar makes an entry into Bloomberg NEF’s  “BNEF Energy Storage Tier 1 List 2Q 2024”. The admission acknowledges Jinko’s quality as well as ambition to continue to be an integral part of the evolving solar […]

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Everything You Wanted To Know About India’s Biggest Rooftop Solar Scheme

Made For, Of and By India One of the biggest aspects of the PM Surya Ghar Scheme is the focus on mass markets, by limiting subsidies to systems upto 3kW in size. It is also meant to be a catalyst for India’s domestic manufacturing base for solar equipment, which has struggled to counter Chinese imports […]

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