News

Gensol Engineering secures a contract in an Indian tender.

published: 2024-03-14 14:31

Gensol Engineering has emerged as the winner of a 250 MW/500 MWh standalone BESS project tendered by GUVNL, securing 70 MW/140 MWh of capacity through tariff-based competitive bidding. In response to this, the company will underta... more

India: The average cost of large-scale solar projects decreased by 27% YoY in Q4 2023.

published: 2024-03-13 16:19

In the fourth quarter (Q4) of 2023, the average cost of large-scale solar projects in India decreased by 26.6% year-over-year (YoY) due to a reduction in module prices. The costs of large-scale solar systems continued to drop thro... more

Energy Storage May be favorable! With Relaxing the 95% Renewable Energy Consumption Red Line

published: 2024-03-13 15:46

Recently, market reports have speculated that, driven by new energy development, power grid companies may relax the 95% renewable energy consumption red line to accommodate more new energy sources. The "95% consumption red line" r... more

The Evolving BESS Market in 2024: A Pivotal Year for Safety, Innovations, and Long-Term Energy Storage

published: 2024-03-13 15:27

The pivotal year for large-scale safety The year 2023 has been a significant one for lessons learned within the energy storage industry, particularly underscoring that battery safety demands heightened scrutiny. The occurrence of ... more

The development of China's new energy storage industry in 2024

published: 2024-03-13 15:25

China's new energy storage achieved leapfrog development in 2023, and also had the rapid growth of the new energy storage industry. The cumulative installation of global energy storage in 2023 In 2023, the cumulative installation ... more

Insights into the PV Glass Sector: Capacity and Price Trends

published: 2024-03-12 15:32

Supply Side: Limited Increment in Q1-2, Concentrated Capacity Release in Q3-4, Estimated New Addition of About 18,000 Tons for the Year The glass capacity in 2021, 2022, and 2023 was 46,000, 81,000, and 105,000 tons, with a year-o... more

Overview of The Domestic PV Module Market

published: 2024-03-12 15:24

Power of Different Types’ Module In 2023, there was little demand for multi-Si products, and the power basically remained at last year's level, with the power of conventional polycrystalline black silicon modules being about 355W,... more

IEA Reports: Solar Capacity Surges by 85% in 2023, Outpacing Other Renewables

published: 2024-03-11 17:14

Clean Energy Growth Twice That of Fossil Fuels Since 2019 Since 2019, the world has seen a remarkable surge in clean energy deployment, driven by government responses to the Covid-19 pandemic and the energy crisis of 2022. This ac... more

The budget for UK Auction Round 6 (AR6) will be the “largest ever” set at £1.025 billion

published: 2024-03-11 17:10

During the Spring Budget announcement on 6th March, Chancellor of the Exchequer Jeremy Hunt disclosed that the budget for the 2024 Contracts for Difference (CfD) auction would exceed £1 billion. This was later verified by the Depa... more

Consumption red line may be relaxed, china demand continues to exceed expectations

published: 2024-03-11 17:07

Recently, the 5% red line for curbing solar and wind power waste in China's national grid may be relaxed, potentially leading to a further unexpected increase in 2024. This policy requirement originated from the Clean Energy Consu... more

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