News

Tongwei Solar’s G12R TNC Modules Usher in Future of Clean Energy

published: 2024-01-17 17:35

Tongwei Solar’s G12R TNC Modules Usher in Future of Clean Energy In 2023, installed solar capacity in Europe increased by 39% (66GW). The world’s first PV industry member of the Fortune 500, Tongwei Solar is committed to providing... more

Renewable Powerhouses: Solar PV and Wind Set to Drive 7.3 TW Global Growth by 2028; China Surges Ahead, Aiming for 1.2 TW by 2024

published: 2024-01-16 17:51

Solar photovoltaic (PV) energy took the lead in contributing to 75% of the 507 GW increase in global renewable energy capacity in 2023, as reported by the International Energy Agency (IEA). Projections from the IEA anticipate that... more

Empowering Tribes: India Unveils Ambitious Solar Program to Electrify 100,000 Homes Under PM JANMAN Initiative

published: 2024-01-10 18:05

MNRE has unveiled a fresh solar initiative aimed at bringing solar power to tribal regions in India. With a budget of INR 5.15 billion, the scheme intends to bring off-grid solar solutions to 100,000 tribal households without acce... more

Elevated Stakes: Intense Competition Unfolds Among Energy Storage System Integrators

published: 2024-01-09 17:43

Last year, the energy storage industry faced concerns over battery supply chain tensions. Fortunately, this issue has been resolved, leading to a decline in the prices of energy storage batteries. Consequently, prices of Energy St... more

Shift in Dynamics: Manufacturers Now Battling for Dominance in Battery Cell Orders

published: 2024-01-08 17:52

Since 2023, a global economic downturn and decreasing inflation have dampened the enthusiasm of certain countries, renowned for their substantial installed capacity, for photovoltaic (PV) installations. Consequently, the actual in... more

EV Battery Prices Dropped Significantly in December but are Expected to Stabilize by 2Q24, Says TrendForce

published: 2024-01-05 15:21

The EV battery market in December pursued its inventory reduction strategy, resulting in a further decrease in cell demand. A combination of a lack of market orders and the suppliers’ need to stabilize cash flow led to widespread ... more

Anticipated Surge: Global Demand for Large-Scale Energy Storage Installations to Soar in 2024

published: 2024-01-03 17:51

According to TrendForce's estimates, the surge in demand for large-scale commercial and industrial energy storage in 2024 is set to fuel substantial growth in the global energy storage sector. In terms of installation increments, ... more

November Increase in Solar and Energy Storage Inverter Exports Sparks Optimism: Is this the End of Overseas Inventory Consumption?

published: 2023-12-29 15:19

Due to the cumulative build-up of inventory in the overseas market from late last year to early this year, there was a successive decline in inverter shipments during the second and third quarters of 2023. Consequently, the focus ... more

2023 Energy Storage Installation Demand: A Comprehensive Analysis of Global Trends

published: 2023-12-22 17:59

In 2023, the energy storage industry shifted gears from prosperity to intense competition, giving rise to several focal points. Examining the global energy storage market, the installation base remained relatively low from 2021 to... more

China's Soaring Solar Aspirations: CPIA Revises 2023 Forecast, Expects Up to 180 GW AC Boosted by Large Wind & Solar Bases

published: 2023-12-20 17:54

The China Solar PV Industry Association (CPIA) has once again adjusted its 2023 solar PV installation projections, now anticipating a new capacity ranging from 345 GW AC to 390 GW AC. China is poised to contribute up to 180 GW AC ... more

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