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demand and supply

Avg Wholesale Electricity Prices in India in H1 2023 80% Higher than 2019 Levels: IEA

IEA’s latest report entitled, ‘Electricity Market Report Update; Outlook for 2023 and 2024’ has shed light on the following findings- India has installed significant solar generation capacities in recent years, which helps meet daytime peak demand for cooling. However, evening peaks when the sun does not shine but temperatures remain very high pose a significant […]

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Lack of Logistics Support Major Hurdle for EV Market Growth in Africa: UNCTAD

A recent report released by the United Nations Conference on Trade and Development (UNCTAD) suggests that Africa’s critical mineral industry can help manufacturers looking to diversify their supply chain. It can power their EV market and add value to their global supply chain. The report places the continent in the fifth position on the world’s […]

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As Solar Exports See Striking Surge, Indian PV Manufacturers Face New Challenges

China  continues its global domination when it comes to the solar supply chain. The leader brought online a whopping capacity of 87.41 GW of new solar power in 2022. As per an IEA report, it  contributed to nearly 90% of solar PV modules manufacturing capacity in 2022. The report further states that this Chinese supply […]

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Heat Battery Storage Firm Rondo Energy Secures $60 Million Funding

Rondo Energy, a leading provider of zero-carbon industrial heat and power, has raised $60 million in a new financing planned to speed the rollout of Rondo Heat Batteries (RHBs) worldwide and to transform the global energy storage market. The financing brings together funding from current Rondo investors Breakthrough Energy Ventures, Energy Impact Partners, SCG, and TITAN, industrial […]

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Solar’s Slow Rise In Sun Drenched Pakistan

Extensive load shedding and high and rising electricity costs are a few of the reasons for consumers to seek a switch to solar power in Pakistan. With industry pointing out that the nation pays some of the highest electricity tariffs in South Asia, it is indeed a wonder why solar has not established a stronger […]

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IRA Has Turbo Charged American Solar Manufacturing-SEIA

The Solar Energy Industry Association (SEIA), an Industry Association Body of US has released a Solar Market Outlook Report. It is interesting to see how the SEIA, till recently an advocate of solar developers and cheap imports from China, has changed tack to celebrate the impending manufacturing boom in the US. The report, more a […]

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Specialist – GBS Planning

To support our extraordinary teams who build great products and contribute to our growth, we’re looking to add a Specialist – GBS Planning in Pune, India. A planning professional who can quickly and accurately process overall planning activities in a fast-paced environment. Has excellent stake holders service skills and works well in a team to consistently meet […]

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Inverter Major SOFAR Signs a 100MW Utility Deal With Velan Infra

SOFAR, a global provider of all-scenario solar PV and energy storage solutions, has signed a 100MW contract of supplying SOFAR 255KTL-HV utility string inverters for solar plants in Tamil Nadu with Velan Infra. The commissioning of the entire 100MW project is expected to be completed by November 2023. According to the firm, the SOFAR 255KTL-HV […]

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Panaji’s Green Vision: CM Pramod Sawant Targets 100% Renewable Energy Within a Year

Chief Minister of Goa Pramod Sawant revealed on Saturday that the Ministry of New and Renewable Energy has set its sights on converting Panaji into a fully renewable energy-powered city within a year. Sawant stated, “The Ministry of New and Renewable Energy has designated Panaji for a complete shift to renewable energy, with the goal […]

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