Markets

Global tracker shipments reached 92 GWdc last year, according to WoodMackenzies’ latest report. The US accounted for the majority of the global market, with three US-based manufacturers, Nextracker, Array Technologies and GameChange Solar, ranking as the three largest shippers in the world.

In a new monthly column for pv magazine, the International Solar Energy Society (ISES) explains why potential trade disruptions in the global PV supply chain are substantially different from those related to coal, oil and gas.

Adani Green Energy has reported a total income of INR 3,122 crore ($372.83 million) and consolidated net profit of INR 629 crore for the first quarter of FY 2024-25.

Import of solar glass will attract 10% customs duty from October. Further, the list of exempted equipment for solar cell and panel production has been expanded.

Mandating stringent quality and performance standards is imperative to safeguard consumers from potential exploitation in the burgeoning rooftop solar market. The technology to do this exists, but we need to see if the will is there.

The World Trade Organization (WTO) Secretariat has criticized China for an alleged lack of transparency in its state support framework and has urged the nation to improve its subsidy notification process.

South African President Cyril Ramaphosa, in his first speech since forming a coalition government in May, said the nation is experiencing a “renewable energy revolution,” with upcoming projects expected to attract around ZAR 400 billion ($21.9 million) in private investment.

While companies grapple with razor-thin margins, these price wars are accelerating the adoption of solar power globally.

According to the latest forecast from Wood Mackenzie, the global energy storage market (excluding pumped hydro) is on track to reach 159 GW/358 GWh by the of 2024 and grow by more than 600% by 2033, with nearly 1 TW of new capacity expected to come online.

The recently released Mercom report expects India to add 1.6 GWh of standalone battery energy storage systems and 9.7 GW of renewable projects plus energy storage by 2027.