China Solar Industry in ''Deep Down Cycle'', Says
Amy Song, Vice President at GCL Technology Holdings, says many China solar manufacturers are under a serious downturn. She says layoffs by small players look permanent. She discusses the industry
Wind and Solar Top 10% of Global Power Generation
With nearly 3,000 terawatt-hours of electricity produced, wind and solar accounted for a combined 10.5% of global 2021 generation, BNEF found in its annual Power Transition Trends report. Wind''s contribution to the
Clean Electricity Breaks New Records; Renewables on
These findings emerge from two reports published today by BNEF: Power Transition Trends 2024, and the 2H 2024 Renewable Energy Investment Tracker, which indicate that momentum towards clean power has
1Q 2024 Global PV Market Outlook
1Q 2024 Global PV Market Outlook. March 4, 2024. By Jenny Chase, Solar, BloombergNEF. The photovoltaic industry added about 444 gigawatts of new capacity in 2023, a 76% growth on 2022 build. Prices of solar modules are at
Solar Pushes Aside Coal as the Cheapest Fuel for
Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Solar Pushes Aside Coal as the Cheapest Fuel for Power, IEA Says.
Tax Credits Are Best Way for Congress to Back Solar Power, Sunnova Says
Sunnova Energy International Inc. says the most important step U.S. Congress can take to support solar power is to extend a federal tax credit on investments in the industry.
Tax Credits Are Best Way for Congress to Back Solar
Sunnova Energy International Inc. says the most important step U.S. Congress can take to support solar power is to extend a federal tax credit on investments in the industry. "The best thing
US Solar Additions to Hit Record This Year as Growth Returns (1)
Clean energy developers are expected to install a record amount of solar power in the US this year as the industry recovers from supply-chain and trade obstacles. The solar industry is
6 FAQs about [Bloomberg says solar power]
Will wind and solar power meet a tenth of global electricity demand?
London, São Paulo – The world’s wind and solar projects combined to meet more than a tenth of global electricity demand for the first time in 2022, according to research company BloombergNEF (BNEF).
How much energy is produced by wind & solar?
With nearly 3,000 terawatt-hours of electricity produced, wind and solar accounted for a combined 10.5% of global 2021 generation, BNEF found in its annual Power Transition Trends report. Wind’s contribution to the global total rose to 6.8% while solar climbed to 3.7%.
Are solar panels a challenge to forecasting growth?
“The challenge in making forecasts is that if you keep predicting growth at current rates, you end up forecasting the entire world being covered with solar panels,” Jenny Chase, a solar analyst at BloombergNEF, told pv magazine.
Will the solar market fall in 2023?
End-user markets are booming while manufacturers struggle to make a profit. Installations this year will top 520GW. Yet again, forecasts for solar build have proven too conservative. China alone added 216.9GW (AC) or 268GW (DC) in 2023, 60% of the world market, and we do not expect it to fall.
Why did America fall as a solar superpower?
The fall of America as a solar superpower is a tragedy of errors where myopic corporate leadership, timid financing, oligopolistic complacency and policy chaos allowed the US and Europe to neglect their own clean-tech industries. That left a yawning gap that was filled by Chinese start-ups, sprouting like saplings in a forest clearing.
Did the US lose solar market dominance to China?
The US lost solar market dominance to China — and its not getting it back. Jessica Karl is a Bloomberg Opinion columnist and author of the Bloomberg Opinion Today newsletter. On another level. This is Bloomberg Opinion Today, a valuable commodity of Bloomberg Opinion’s opinions. Sign up here . US solar’s fall from grace. Automation can replace.