News

Energy Storage Revolution: EIA Forecasts Record-breaking 14.53GW in New Installations for 2024

published: 2024-02-02 15:36

EnergyTrend has gathered insights from the latest EIA statistics, revealing that energy storage installations with capacities exceeding 1MW reached 1.23GW in December. This marks a substantial 332% year-on-year increase and a nota... more

Croatia’s largest capacity photovoltaic project: Tongwei and KONČAR signed a module supply agreement

published: 2024-01-30 15:15

On January 22nd, Tongwei and Croatia’s KONČAR signed a photovoltaic (PV) project module supply agreement in Zagreb, Croatia. Jointly building Croatia's largest capacity PV project According to the supply agreement, Tongwei will p... more

Tongwei Solar's Global Shipment of Cells Surpasses 200GW, Maintaining Leading Position in the Industry

published: 2024-01-29 17:51

Tongwei Solar, a global leading manufacturer of high-purity crystalline silicon and solar cells, has once again broken industry records. By the end of 2023, the company's cumulative global shipment of cells has reached 200GW, with... more

Tongwei Solar’s G12R TNC Modules Usher in Future of Clean Energy

published: 2024-01-17 17:35

Tongwei Solar’s G12R TNC Modules Usher in Future of Clean Energy In 2023, installed solar capacity in Europe increased by 39% (66GW). The world’s first PV industry member of the Fortune 500, Tongwei Solar is committed to providing... more

Renewable Powerhouses: Solar PV and Wind Set to Drive 7.3 TW Global Growth by 2028; China Surges Ahead, Aiming for 1.2 TW by 2024

published: 2024-01-16 17:51

Solar photovoltaic (PV) energy took the lead in contributing to 75% of the 507 GW increase in global renewable energy capacity in 2023, as reported by the International Energy Agency (IEA). Projections from the IEA anticipate that... more

Empowering Tribes: India Unveils Ambitious Solar Program to Electrify 100,000 Homes Under PM JANMAN Initiative

published: 2024-01-10 18:05

MNRE has unveiled a fresh solar initiative aimed at bringing solar power to tribal regions in India. With a budget of INR 5.15 billion, the scheme intends to bring off-grid solar solutions to 100,000 tribal households without acce... more

Elevated Stakes: Intense Competition Unfolds Among Energy Storage System Integrators

published: 2024-01-09 17:43

Last year, the energy storage industry faced concerns over battery supply chain tensions. Fortunately, this issue has been resolved, leading to a decline in the prices of energy storage batteries. Consequently, prices of Energy St... more

Shift in Dynamics: Manufacturers Now Battling for Dominance in Battery Cell Orders

published: 2024-01-08 17:52

Since 2023, a global economic downturn and decreasing inflation have dampened the enthusiasm of certain countries, renowned for their substantial installed capacity, for photovoltaic (PV) installations. Consequently, the actual in... more

EV Battery Prices Dropped Significantly in December but are Expected to Stabilize by 2Q24, Says TrendForce

published: 2024-01-05 15:21

The EV battery market in December pursued its inventory reduction strategy, resulting in a further decrease in cell demand. A combination of a lack of market orders and the suppliers’ need to stabilize cash flow led to widespread ... more

Anticipated Surge: Global Demand for Large-Scale Energy Storage Installations to Soar in 2024

published: 2024-01-03 17:51

According to TrendForce's estimates, the surge in demand for large-scale commercial and industrial energy storage in 2024 is set to fuel substantial growth in the global energy storage sector. In terms of installation increments, ... more

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