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demand and supply

Gensol Engineering Allotted Additional 250 MW (500 MWh) for GUVNL’s BESS Project

Gensol Engineering Ltd. has received the second tranche under greenshoe option allotment of 250 MW/500 MWh from Gujarat Urja Vikas Nigam Limited (GUVNL) for standalone Battery Energy Storage Systems (BESS) project to reach 500 MW / 1000 MWh. According to Gensol, the project including first and second tranche will generate a total revenue of INR […]

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RMI Foresees Cleantech To Drive 10% Of Global GDP Growth 

The Rocky Mountain Institute (RMI), a US-based research organization, has recently published a report forecasting significant growth in the cleantech sector. According to the report, solar energy installations are expected to reach 1,000 GW annually, accompanied by sales of 6,000 GWh of batteries per year. These advancements are crucial in achieving the sector’s goal of […]

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Despite Record Investments, World Off Track For 2030 RE Target: EY

Global accounting firm Ernst & Young (EY) recently reported a decline in overall global energy investments, failing to keep the world on track for the 2030 renewables targets. EY report found that, despite last year’s surge of US$1.8 trillion in clean energy investment, including US$660 billion earmarked for renewables, investment remains below the COP28 target of […]

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Bernreuter Predicts 600-660 Gigawatt Solar Additions In 2024 Globally

Global photovoltaic (PV) installations will land in a range of 600 to 660 gigawatts-direct current (GWdc) in 2024, according to the latest analysis from polysilicon market expert Bernreuter Research. “Once market participants come to the conclusion that the crash of the solar module price has reached its bottom, demand will accelerate,” says Johannes Bernreuter, Head […]

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World Adds 10.8 GW Of New Offshore Wind Capacity In 2023

In 2023, despite the macroeconomic challenges faced by the sector in some key markets, the wind industry installed 10.8 GW of new offshore wind capacity, taking the global total to 75.2 GW, a new report from the Global Wind Energy Council said. The report said that the new capacity increased 24% on the previous year, […]

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Senior Manager – Materials Planning & Project Deliveries

The Senior Manager – Materials Planning & Project Deliveries will be based in Hyderabad. In this position, you will report to the Head of APAC Planning. We are looking for a dynamic supply chain professional to lead supply & delivery planning activities within materials planning department. This individual will own customer order fulfilment for solar […]

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Top 5 Non-Chinese Solar Manufacturers Disrupting China’s Stronghold

Non-Chinese solar manufacturers are making significant strides across various regions, challenging the long-standing dominance of Chinese companies in the solar market. Currently, China leads the world in solar panel manufacturing, with major players like JA Solar, Trina Solar, and JinkoSolar at the forefront. Chinese companies control over 80 per cent of the global market share […]

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Capgemini Partners Equigy For European Decentralised Energy System

In order to better manage the supply and demand of electricity throughout Europe, Capgemini and Equigy have signed a long-term deal to establish a new decentralized energy system. The goal of this project is to create a crowd-balancing platform (CBP), which is a reliable, standardized data aggregator interface for integrating modest, adaptable, and dispersed energy […]

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Wind Turbine Monitoring Systems Market To Grow By $8.72 Bn: Report

The global wind turbine monitoring systems market size is estimated to grow by USD 8.72 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 19.34% during the forecast period. The rapid growth of the global wind power market is driving market growth, with a trend towards a […]

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