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Brazil’s Solar Growth Soars, Eyes 200 GW by 2050

Brazil needs to rapidly scale its decarbonization efforts to become a net-zero economy by 2050, according to New Energy Outlook: Brazil, released by BloombergNEF (BNEF). The report builds on the results of BNEF’s flagship New Energy Outlook 2024 and examines Brazil’s decarbonization trajectory using bottom-up modeling across the power, transport, industry, and buildings sectors through […]

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Vikram Solar Gets 1 GW Capacity Boost; Upgrades Facility

Indian solar module manufacturer Vikram Solar Limited has successfully increased its manufacturing capacity with a 1 GW expansion at its Falta facility in West Bengal. Additionally, the manufacturing lines in the facility at Oragadam in Chennai, Tamil Nadu, have also been upgraded to allow the facility to manufacture more efficient technology modules, including TOPCON and […]

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Clean Energy Financing: Are We Investing Enough?

Finance plays a vital role in the global push for renewable energy. Over the past decade, clean energy investments have grown significantly, driving gigawatt-scale renewable capacity additions and supporting related sectors, particularly in Asia, the Middle East, Europe, and North America. However, much more needs to be done for countries to meet their renewable energy […]

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5 Reasons Why Green Hydrogen Faces A Wall Of Skepticism

Heightened coverage Green hydrogen has been the new normal for over three years now. Many supporters have regularly drummed up its prospects, as a fuel that could decarbonise some of the most difficult to clean sectors of the economy. The skeptics have always asked one straight question. When, and at what price? Because, quite simply […]

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Lithium-Ion Battery Pack Prices See Largest Drop Since 2017: BNEF

The latest analysis from BloombergNEF (BNEF) said that battery prices this year, in 2024 saw their biggest annual drop since 2017. Lithium-ion battery pack prices dropped 20% from 2023 to a record low of $115 per kilowatt-hour, according to the research. BNEF identified a decline in cell manufacturing overcapacity, economies of scale, low metal and […]

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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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