Indian manufacturers built 25.3 GW of solar module manufacturing capacity in 2024, taking the nation’s panel capacity to 90.9 GW as of Dec. 31, 2024.
Analysts see negative impacts across the board, but EV and battery energy storage industries seem particularly vulnerable to US President Donald Trump’s sweeping tariffs.
“It’s a changed world in the renewables space,” said Stefan Reisinger, partner at Norton Rose Fulbright.
China’s Jinneng Group has started building 5 GW of solar across three projects in a coal mining subsidence zone in northern China, with a $2.3 billion investment. The projects, bolstered by 2 GW of thermal power and 3.4 GWh of energy storage, will supply 9.3 TWh of clean electricity per year.
The U.S. Department of Commerce (DOC) revised antidumping and countervailing duties (AD/CVDs) on Vietnamese and Malaysian solar products in December 2024. The move has reshaped the non-Chinese supply chain, with further use of tariffs likely under the new administration, explains InfoLink’s Corrine Lin.
Utility-scale solar accounted for around half of new solar in Hungary last year, but with no new connection permits for large-scale projects over the last two years, this market segment is predicted to slow in the coming years.
AleaSoft Energy Forecasting’s latest analysis finds most major European electricity markets experienced negative electricity prices last week, with Portugal and Spain recording their lowest hourly figures in history on March 30.
A fire damaged around 100 of the 160 solar panels on the roof of Don Bosco school in Halle, Belgium. Firefighters quickly extinguished the blaze, and no injuries were reported.
Moldova has received 42 bids for its latest auction to develop large-scale PV and wind projects, far surpassing the available capacity. The auction seeks to allocate 165 MW, with 105 MW for wind and 60 MW for solar.
Czechia has increased funding for its interest-free loan program for commercial and industrial (C&I) solar and storage projects to CZK 3 billion ($132.2 million) after strong demand exhausted the previous budget.
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