Key solar themes to track after torrid 2024 for investors: Maguire
1 week ago

Key solar themes to track after torrid 2024 for investors: Maguire

Live Mint  

By Gavin Maguire LITTLETON, Colorado, Jan 7 - Solar electricity generation posted its largest ever annual rise globally in 2024, yet many investors in the solar sector are nursing heavy losses after share prices in major solar firms and exchange-traded funds collapsed. Going forward, renewables remain at the heart of planned expansions in electricity output worldwide, and solar systems are still the fastest and cheapest way for utilities, businesses and households to scale up clean energy generation. Europe was the second largest market for solar generation in 2024, producing around 338 TWh of solar electricity for the year as a whole, while the United States generated around 283 TWh. Europe and the U.S. both generated record volumes of solar power last year, but both markets recorded declines in their global share of solar production as China's growth rate sharply outpaced all other countries. And as solar projects remain the quickest and cheapest way to boost incremental electricity output across much of the U.S., solar developers may remain in high demand even under a more fossil fuel friendly administration.

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History of this topic

An Opec for solar energy is a bad idea: This Chinese idea is best dropped
1 month ago

An Opec for solar energy is a bad idea: This Chinese idea is best dropped

Live Mint  

What do you do in an energy industry that’s facing its first speed bumps after decades of meteoric growth? More than 30 Chinese solar power producers signed up to an Opec-style agreement at their industry association’s annual meeting last week, with manufacturers given quotas based on their existing capacity and forecasts of market demand. China’s solar power industry is offering …

Trade body: US distorts global solar market, hampers climate change battle
3 months, 3 weeks ago

Trade body: US distorts global solar market, hampers climate change battle

China Daily  

The China Photovoltaic Industry Association recently highlighted serious concerns and strong opposition over the US distorting the global solar market by providing excessive subsidies to US companies and imposing high tariffs on imported solar products, hampering international cooperation to battle the looming issue of climate change. "The Inflation Reduction Act, introduced in 2022, offers subsidies of an unprecedented $369 billion …

Trade body: US distorts global solar market, hampers climate change battle
3 months, 3 weeks ago

Trade body: US distorts global solar market, hampers climate change battle

China Daily  

The China Photovoltaic Industry Association recently highlighted serious concerns and strong opposition over the US distorting the global solar market by providing excessive subsidies to US companies and imposing high tariffs on imported solar products, hampering international cooperation to battle the looming issue of climate change. "The Inflation Reduction Act, introduced in 2022, offers subsidies of an unprecedented $369 billion …

Trade body: US distorts global solar market, hampers climate change battle
3 months, 3 weeks ago

Trade body: US distorts global solar market, hampers climate change battle

China Daily  

By Liu Yukun | chinadaily.com.cn | Updated: 2024-09-22 21:03 The China Photovoltaic Industry Association recently highlighted serious concerns and strong opposition over the US distorting the global solar market by providing excessive subsidies to US companies and imposing high tariffs on imported solar products, hampering international cooperation to battle the looming issue of climate change. "The Inflation Reduction Act, introduced …

New energy targets realized ahead of deadline
4 months, 2 weeks ago

New energy targets realized ahead of deadline

China Daily  

A vast expanse of solar panels shadows the surface of a semi-desert in Northwest China's Qinghai province, turning it into a photovoltaic park. According to data from the Chinese National Energy Administration, by the end of July 2024, the total installed capacity of power generation nationwide reached 3.1 billion kilowatts. Of this, solar power had an installed capacity of about …

New energy targets realized ahead of deadline
4 months, 2 weeks ago

New energy targets realized ahead of deadline

China Daily  

A vast expanse of solar panels shadows the surface of a semi-desert in Northwest China's Qinghai province, turning it into a photovoltaic park. According to data from the Chinese National Energy Administration, by the end of July 2024, the total installed capacity of power generation nationwide reached 3.1 billion kilowatts. Of this, solar power had an installed capacity of about …

High interest rates have dimmed the solar sector. Will coming cuts put a shine on their stocks?
4 months, 4 weeks ago

High interest rates have dimmed the solar sector. Will coming cuts put a shine on their stocks?

Associated Press  

NEW YORK — More sunshine could be in the forecast for solar power companies like SolarEdge Technologies and Sunrun, whose stock prices have been dimmed by high interest rates. Shares of SolarEdge, one of the biggest makers of rooftop panels and other solar power equipment, have slumped 76% in 2024, while more traditional energy giants like Exxon and Chevron have …

Solar sees brighter full-year prospects
5 months, 2 weeks ago

Solar sees brighter full-year prospects

China Daily  

Workers install photovoltaic panels at a power farm in Jiuquan, Gansu province, in May. China's photovoltaic industry may see robust growth in installed capacity this year with new installations ranging between 190 and 220 gigawatts, driven by the increasing electrification of energy use and the shift toward low-carbon power consumption, said the China Photovoltaic Industry Association. Wang Bohua, honorary chairman …

India's solar output grows at slowest pace in six years in first half of 2024
6 months, 1 week ago

India's solar output grows at slowest pace in six years in first half of 2024

Hindustan Times  

By Sudarshan Varadhan and Cassandra Yap India's solar output grows at slowest pace in six years in first half of 2024 SINGORE, - India's solar power generation grew at the slowest pace in six years in the first half of 2024, an analysis of data from the federal grid regulator showed, as the country further stepped up reliance on coal …

Rising domestic solar cell production will curb imports from China
6 months, 2 weeks ago

Rising domestic solar cell production will curb imports from China

Hindustan Times  

India expects a surge in domestic solar cell-making capacity in the coming months, which will help reduce its dependence on imported materials from China to manufacture solar panels, the country’s top renewable energy official said. A private security guard walks between rows of photovoltaic solar panels inside a solar power plant at Raisan village near Gandhinagar, Gujarat The nation’s cells …

Solar can provide 20% of world electricity on northern summer solstice, thinktank says
6 months, 3 weeks ago

Solar can provide 20% of world electricity on northern summer solstice, thinktank says

The Hindu  

The world has enough solar power capacity to generate a fifth of its midday peak electricity needs on the longest day of the year in the northern hemisphere, up from 16% last year, a report by thinktank Ember showed on Friday. Last year, solar generated a record 5.5% of global electricity, the Ember report added, and 34 economies in the …

Sun Machines
6 months, 3 weeks ago

Sun Machines

The Economist  

Your browser does not support this video. ↓ Here comes the sun the past and a possible future Global useful energy consumption* 1880 1900 1920 Traditional biomass Coal 1940 1960 Other renewables 1980 Nuclear 2000 Coal Gas Oil 2020 Fast- transition scenario† 2040 Solar P2X‡ Wind 2060 25 0 50 75 100 125 Terawatt hours, ’000 Sources: Rupert Way; Our …

Case made to welcome Chinese solar products
7 months, 1 week ago

Case made to welcome Chinese solar products

China Daily  

By HENG WEILI in New York | chinadaily.com.cn | Updated: 2024-06-07 11:11 Employees check solar panel products at a tech company in Zhangye, Gansu province. Biden contended last month that the low cost of China's solar panels are a result of "policy-driven overcapacity" in manufacturing, "flooding global markets with artificially cheap solar modules and panels". Fickling said that Chinese clean …

World’s biggest solar farm goes online, big enough to power a country
7 months, 1 week ago

World’s biggest solar farm goes online, big enough to power a country

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The world’s biggest solar plant has come online in China, capable of powering …

Solar exec debunks 'overcapacity' claims
7 months, 4 weeks ago

Solar exec debunks 'overcapacity' claims

China Daily  

An employee works on a solar panel production line in Suqian, Jiangsu province. With persistent emphasis on technological innovation, China has fostered a robust and competitive solar power market, facilitating rapid growth of the new energy industry at home and abroad, said Li Xiande, chairman of JinkoSolar Holding Co Ltd, the world's largest solar panel producer by shipments. The global …

Renewables provide record 30% of global electricity in 2023
8 months, 1 week ago

Renewables provide record 30% of global electricity in 2023

China Daily  

A Zoom screenshot from the fifth annual Global Electricity Review of Ember shows a range of experts discussing the global shift to clean electricity in late May 8. CHINA DAILY Renewables generated a record 30 percent of global electricity in 2023, driven by growth in solar and wind especially from China, according to the Global Electricity Review 2024 released by …

China's renewables tech cuts costs
8 months, 2 weeks ago

China's renewables tech cuts costs

China Daily  

Employees work at a photovoltaic panel production facility in Hefei, Anhui province, in February. China's large-scale production of solar panels and electric vehicles has not only lowered costs but has also made green technology more accessible globally, industry insiders said. The IEA believes China was the major driving force behind the world's rapid expansion of renewable power generation capacity last …

One French company’s lonely struggle to survive fierce competition from China
8 months, 3 weeks ago

One French company’s lonely struggle to survive fierce competition from China

Live Mint  

PARIS—French solar-panel company Photowatt once powered Europe’s ambition to become a renewables manufacturing giant, one that would provide the technology to help achieve the continent’s far-reaching climate goals. Yellen said the Biden administration was determined to prevent a repeat of the wave of China imports 15 years ago that drove U.S. solar panel producers and other manufacturers out of business.“It …

How China captured the sun – and cast a shadow over Europe
9 months, 3 weeks ago

How China captured the sun – and cast a shadow over Europe

The Telegraph  

Europe’s ambitious plans to expand green energy generation with “Made in EU” solar panels face a distinctly cloudy future as the continent faces a massive glut of the devices. The European Solar Manufacturing Council has warned of a looming “wave of bankruptcies” including Dutch panel producer Exasun and Austrian module manufacturer Energetic. ESMC secretary general Johan Lindahl has appealed for …

Out with the old, in with the new
9 months, 3 weeks ago

Out with the old, in with the new

China Daily  

ZHANG YUJUN/FOR CHINA DAILY In 2023, Chinese car manufacturer BYD surpassed Tesla and took the lead in the global electric vehicle market by selling over 3 million vehicles. China's great productivity in generating clean and renewable energy, offering high-quality goods at low prices, is helping other countries develop their own clean energy production. China's global role in the energy transition …

Out with the old, in with the new
9 months, 3 weeks ago

Out with the old, in with the new

China Daily  

ZHANG YUJUN/FOR CHINA DAILY In 2023, Chinese car manufacturer BYD surpassed Tesla and took the lead in the global electric vehicle market by selling over 3 million vehicles. China's great productivity in generating clean and renewable energy, offering high-quality goods at low prices, is helping other countries develop their own clean energy production. China's global role in the energy transition …

Out with the old, in with the new
9 months, 3 weeks ago

Out with the old, in with the new

China Daily  

ZHANG YUJUN/FOR CHINA DAILY In 2023, Chinese car manufacturer BYD surpassed Tesla and took the lead in the global electric vehicle market by selling over 3 million vehicles. China's great productivity in generating clean and renewable energy, offering high-quality goods at low prices, is helping other countries develop their own clean energy production. China's global role in the energy transition …

World’s largest solar company cuts thousands of jobs as prices tumble
9 months, 4 weeks ago

World’s largest solar company cuts thousands of jobs as prices tumble

The Telegraph  

The world’s largest solar panel manufacturer is set to slash its workforce by almost a third as the industry struggles with oversupply and cut-throat competition. Chinese giant Longi Green Technology Energy reportedly plans to cut staff numbers by up to 30pc, in an expansion of lay-offs that began four months ago. It comes amid wider redundancies across China’s solar industry …

Success in solar energy may be a curse for Chinese panel manufacturers
10 months ago

Success in solar energy may be a curse for Chinese panel manufacturers

Live Mint  

Ever since photovoltaic cells started popping up on pocket calculators and building roofs a few decades ago, solar power has faced a key drawback: It’s a nice technology, but there’s simply not enough of it to make a difference. Beijing should introduce bidding rules to prevent low-quality, below-cost products being put onto the market, Zhong Baoshen, chairman of the biggest …

Stakes couldn't be higher
10 months, 2 weeks ago

Stakes couldn't be higher

China Daily  

MA XUEJING/CHINA DAILY US raising tariffs on Chinese-made solar imports would sacrifice a shared sustainable future for marginal commercial gains today Last month, a bipartisan group of US senators called on President Joe Biden to increase tariffs on Chinese-made solar imports. Imposing solar tariffs risks torpedoing US President Biden's ambition to reach 50 percent clean electricity by 2030, as it …

Solar power decline: Why the industry is struggling right now, and what it needs.
11 months, 1 week ago

Solar power decline: Why the industry is struggling right now, and what it needs.

Slate  

To take it from recent headlines, it seems as though the global solar-power industry, following half a decade of record growth and governmental investment, flew just a bit too close to the sun. And larger solar firms across the country, like Texas-based Sunnova, are also facing financial headwinds, as Time magazine’s Alana Semuels noted in a report grimly headlined “The …

Solar protective measures to hurt Sino-EU ties: China Daily editorial
11 months, 2 weeks ago

Solar protective measures to hurt Sino-EU ties: China Daily editorial

China Daily  

The European Union is reportedly planning emergency support measures, including an antidumping probe, for Europe's solar panel manufacturing industry to counter what it considers a flood of cheap Chinese imports. China now holds a pivotal position in the global solar energy supply chain, producing more than 90 percent of the silicon wafers that go into solar panels and more than …

Solar sector readying for new challenges
1 year ago

Solar sector readying for new challenges

China Daily  

A view of a solar power facility in Tongchuan, Shaanxi province, in August. Chinese PV firms lead the world, but overcapacity, price weakness loom China's solar industry climbed to new heights in 2023, with manufacturing, installed capacity and exports experiencing robust growth and reshaping the global landscape with continuous technological breakthroughs. According to the China Photovoltaic Industry Association, China saw …

Solar sector readying for new challenges
1 year ago

Solar sector readying for new challenges

China Daily  

A view of a solar power facility in Tongchuan, Shaanxi province, in August. Chinese PV firms lead the world, but overcapacity, price weakness loom China's solar industry climbed to new heights in 2023, with manufacturing, installed capacity and exports experiencing robust growth and reshaping the global landscape with continuous technological breakthroughs. According to the China Photovoltaic Industry Association, China saw …

The year in clean energy: Wind, solar and batteries grow despite economic challenges
1 year ago

The year in clean energy: Wind, solar and batteries grow despite economic challenges

LA Times  

Led by new solar power, the world added renewable energy at breakneck speed in 2023, a trend that if amplified will help Earth turn away from fossil fuels and prevent severe warming and its effects. Another banner year for solar China, Europe and the U.S. each set solar installation records for a single year, according to the International Renewable Energy …

Half of the electricity used in 2023 came from renewable sources
1 year ago

Half of the electricity used in 2023 came from renewable sources

NL Times  

Half of the electricity used in the Netherlands last year came from renewable sources. Most came from biomass and wind energy, but the amount of solar energy is also rising, claims Energieopwek. Energieopwek reported earlier this year in May that, for the first time, more power was generated through solar panels than through biomass. In total, the share of renewable …

The year in clean energy: Wind, solar and batteries grow despite economic challenges
1 year ago

The year in clean energy: Wind, solar and batteries grow despite economic challenges

Associated Press  

Led by new solar power, the world added renewable energy at breakneck speed in 2023, a trend that if amplified will help Earth turn away from fossil fuels and prevent severe warming and its effects. CHALLENGES FOR WIND ENERGY By the end of 2023, the world will have added enough wind energy to power nearly 80 million homes, making it …

The year in clean energy: Wind, solar and batteries grow despite economic challenges
1 year ago

The year in clean energy: Wind, solar and batteries grow despite economic challenges

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. ANOTHER BANNER YEAR FOR SOLAR China, Europe, and the …

Asian economies must ramp up wind and solar power to keep global warming under 1.5C, report says
1 year, 1 month ago

Asian economies must ramp up wind and solar power to keep global warming under 1.5C, report says

Associated Press  

HANOI, Vietnam — To meet the goal of limiting global warming to 1.5 degrees Celsius, nine major Asian economies must increase the share of electricity they get from renewable energy from the current 6% to at least 50% by 2030, according to a report by a German thinktank released Wednesday. Nearly a third of that renewable energy should come from …

India-led alliance set to fund solar projects in Africa in a boost to the energy transition
1 year, 2 months ago

India-led alliance set to fund solar projects in Africa in a boost to the energy transition

Associated Press  

BENGALURU, India — An alliance of nations that push for more solar power worldwide are set to announce nearly $35 million for projects such as mini grids and rooftop installations, mainly in Africa, according to the group’s director general. At the sidelines of the group’s annual meeting in New Delhi on Tuesday, Ajay Mathur said the International Solar Alliance expect …

New study brings us closer to solar space farms that beam renewable energy back to Earth
1 year, 2 months ago

New study brings us closer to solar space farms that beam renewable energy back to Earth

Salon  

It sounds like a long shot to some: The idea of solar power plants orbiting the Earth and beaming renewable energy back to us. "This ultra-low mass solar cell technology could lead to large, low-cost solar power stations deployed in space, bringing clean energy back to Earth." "This ultra-low mass solar cell technology could lead to large, low-cost solar power …

India will see solar revolution by 2030, says IEA
1 year, 2 months ago

India will see solar revolution by 2030, says IEA

Firstpost  

India has set a target of achieving 500 GW of installed capacity from non-fossil fuels, including around 270 GW of solar capacity, by 2030 According to the International Energy Agency, solar energy will generate 18% of India’s electricity by 2030, up from its current 6% share. According to the IEA’s latest World Energy Outlook 2023, which was released on Tuesday, …

Fossil fuels ‘becoming obsolete’ as solar panel prices plummet
1 year, 3 months ago

Fossil fuels ‘becoming obsolete’ as solar panel prices plummet

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Calculations by Berlin-based Mercator Research Institute on Global Commons and Climate Change found that the plummeting price …

Boost in solar energy and electric vehicle sales gives hope for climate goals, report says
1 year, 3 months ago

Boost in solar energy and electric vehicle sales gives hope for climate goals, report says

Associated Press  

The window to limit human-caused warming to a globally agreed goal is narrowing but still open because of the huge growth of solar energy and electric vehicles sales worldwide, a report said Tuesday. For the last two years, the rate of the build up of solar energy and electric vehicle sales were in line with achieving emissions reductions targets that …

Solar burns brightly in dark corners
1 year, 3 months ago

Solar burns brightly in dark corners

The Independent  

Chongqing is one of the cities in China with the least sunshine, so perhaps it’s one of the last places you would expect innovation with solar energy to be going on, and yet that’s exactly what’s happening. A crane is used to lift solar panels onto the roof of a building at the No 1 Middle School in Shuangfeng county, …

Renewables helped power sector save $520 bn globally in 2022: Report
1 year, 4 months ago

Renewables helped power sector save $520 bn globally in 2022: Report

Live Mint  

New Delhi: Power sectors worldwide saved an astounding $520 billion in fuel costs last year, thanks to the rapid expansion of renewable energy sources, according to a report released today by the International Renewable Energy Agency. The report, titled "Renewable Power Generation Costs in 2022," underscores how the escalating crisis in fossil fuel prices has significantly bolstered the competitiveness of …

One year old, US climate law is already turbocharging clean energy technology
1 year, 5 months ago

One year old, US climate law is already turbocharging clean energy technology

Associated Press  

FRANKFORT, Ky. — On a recent day under the July sun, three men heaved solar panels onto the roof of a roomy, two-story house near the banks of the Kentucky River, a few miles upstream from the state capitol where lawmakers have promoted coal for more than a century. The U.S. climate law that passed one year ago offers a …

Renewable energy surges, driven by solar boom and high fuel prices, report finds
1 year, 7 months ago

Renewable energy surges, driven by solar boom and high fuel prices, report finds

Associated Press  

BERLIN — The world is set to add a record amount of renewable electricity capacity this year as governments and consumers seek to offset high energy prices and take advantage of a boom in solar power, according to a new report Thursday. The International Energy Agency said high fossil fuel prices — resulting from Russia’s attack on Ukraine — and …

Solar investment outshines oil as race for clean energy heats up
1 year, 7 months ago

Solar investment outshines oil as race for clean energy heats up

Al Jazeera  

High oil and gas prices and worries about supplies have seen spending on renewables leap ahead of fossil fuels. Investment in solar power is expected to overtake oil for the first time this year as clean energy spending outpaces that for fossil fuels. “Clean energy is moving fast – faster than many people realise,” IEA Executive Director Fatih Birol said …

Germany to ease solar rules as new installations surge
1 year, 8 months ago

Germany to ease solar rules as new installations surge

Associated Press  

BERLIN — Germany’s energy minister announced plans Friday to ease bureaucratic hurdles for solar power as the country set a new record for photovoltaic installations during the first quarter. Europe’s biggest economy added 2.7 gigawatts of solar power capacity during the first three months of 2023, putting it on course to beat the target of 9 GW this year, compared …

Solar panels on rooftops in China could double the world’s capacity
1 year, 10 months ago

Solar panels on rooftops in China could double the world’s capacity

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Rooftops and buildings in China fitted with solar panels could match the current …

Korean firm plans $2.5B in new solar panel plants in Georgia
2 years ago

Korean firm plans $2.5B in new solar panel plants in Georgia

Associated Press  

ATLANTA — A South Korean solar panel maker said Wednesday that it will invest more than $2.5 billion to build factories in Georgia in what it says is the largest solar investment in American history. “As demand for clean energy continues to grow nationally, we’re ready to put thousands of people to work creating fully American made and sustainable solar …

India saved $4.2 billion in fuel costs through solar power: Report
2 years, 2 months ago

India saved $4.2 billion in fuel costs through solar power: Report

Live Mint  

An amount of USD 4.2 billion has been saved by India in fuel costs through solar power generation in the first half of 2022, and 19.4 million tonnes of coal which would have further stressed an already strained domestic supply, news agency PTI quoted a report released on Thursday. Seven key Asian countries, including China, India, Japan, South Korea, Vietnam, …

India-led alliance bats for diverse solar energy market
2 years, 2 months ago

India-led alliance bats for diverse solar energy market

Associated Press  

BENGALURU, India — For countries to transition away from fossil fuels and toward cleaner energies like solar power, supply chains for components need to be more geographically diverse, officials said during a conference on solar energy in New Delhi said on Tuesday. Launched by India and France at the 2015 Paris climate conference, the ISA aims to promote the use …

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