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
News
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
EIA Projections: Anticipated Installed Capacity of 3.8GW in the United States from November to December |
| published: 2023-12-19 17:38 |
Energy Trend has gathered insights from EIA statistics, revealing that October of 2023 witnessed new installations exceeding 1MW, amounting to 0.18GW. This falls significantly below the anticipated 1.08 GW, marking a 73% year-on-y... more
