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2024: Global Solar Capacity Tops 2.2 TW, With Over 600 GW New Additions

Global cumulative solar photovoltaic (PV) capacity rose to more than 2.2 terawatts (TW) by the end of 2024, up from 1.6 TW in 2023, with over 600 GW of new systems commissioned, the International Energy Agency’s Photovoltaic Power Systems Programme (IEA PVPS) said in its latest report. “Module prices continued to drop through 2024 in […]

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SOFAR Debuts On Shenzhen Stock Exchange

SOFAR, a China-based solar and energy storage solution provider, made its debut on the ChiNext Board of the Shenzhen Stock Exchange (Stock Code: 301658) on April 2. Chairman Xu Tao rang the opening bell in the presence of government officials, partners, and industry stakeholders.  The listing marks support the company’s role in China’s “Dual Carbon” […]

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BRICS Now Home To 3 Of World’s Top 5 Solar Nations: EMBER

Renewable energy drove record clean electricity growth in 2024, with solar and wind accounting for most of the gains, think tank Ember said in its latest Global Electricity Review. Renewable power sources added adding 858 TWh in 2024, 49% more than the previous high in 2022, as per the report.  The study showed, “Solar was […]

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India Sees Second Largest Rise In Energy Demand Globally: IEA

A recent report by the International Energy Agency (IEA) highlights that India has become the second-largest contributor to the rise in global energy demand. The report states that India’s energy demand increase surpassed the combined growth of all advanced economies. This comes as global energy demand grew by 2.2% in 2024, exceeding the average growth […]

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Bifacial Modules Delivered 32% More Power Than Monofacial: Report

The latest research report by Enverus found an increase in the average rated power capacity per simulation, which reached 340 MW in Q3 2024. It found that countries like Saudi Arabia, Portugal, Australia, and Brazil recorded the highest average rated power capacity per simulation in 2024, followed by Indonesia, South Africa, Chile, and the US. […]

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Trina Tracker Opens 3 GW Solar Manufacturing Factory In Saudi Arabia

TrinaTracker, a smart solar tracking solutions provider and a Trinasolar subsidiary has established a new manufacturing facility in Saudi Arabia. The facility is set to begin operations in Q1 2025. Trina Tracker for Renewable Energy, helps the company enhance its localization and its distribution and service capabilities in the MEA region. The factory is part […]

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RenewSys Brings Anti-Acid EVA Technology To Prevent Solar Cell Corrosion

RenewSys, a PV module manufacturer of encapsulants and backsheets, has introduced its new EVA encapsulant. This latest technology is designed to address a long-standing issue that affects the lifespan of solar modules. Corrosion of metal parts in the cell and aging-related delamination are now preventable with the Anti-Acid EVA Encapsulant, which is specifically designed to […]

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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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G7 Countries Are Building 10% Of Planned Solar Projects: Report

The pipeline of prospective utility-scale solar and wind capacity grew by a fifth last year, but the world’s richest countries account for only a fraction of new construction, according to a new report from Global Energy Monitor (GEM). The Global Solar Power Tracker and Global Wind Power Tracker include all projects that have been announced, […]

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