The world’s top 10 solar photovoltaic (PV) module manufacturers shipped a record 500 gigawatts (GW) of modules in 2024, nearly doubling the previous year’s volume, according to Wood Mackenzie’s new Global Solar Module Manufacturer Rankings 2025 report. Despite this surge in shipments, the leading players collectively reported losses of US$4 billion as revenues declined significantly year-over-year. “In many ways, 2024 was a year of survival through scale for the industry,” said Yana Hryshko, head of global solar supply chain at Wood Mackenzie. “Aggressive pricing, intense competition, and continued capital investment weighed heavily on margins as companies pursued long-term leadership in market share…
Author: Chitrika Grover
Sungrow, the global inverter and energy storage system supplier, launched its PowerTitan 3.0 Energy Storage System (ESS) Platform for utility-scale applications. Engineered for an increasingly volatile and complex clean energy landscape, this platform moves beyond standardized solutions to offer unparalleled flexibility, power density, intelligence, and safety. The full PowerTitan 3.0 portfolio is available for immediate commercial deployment. PowerTitan 3.0: Key Innovations Delivering Multi-Dimensional Value The PowerTitan 3.0 ESS Platform features an integrated modular library of scenario-based functions: All functional modules are standardized and can be freely deployed according to scenario requirements without redesign. A single platform enables multiple combinations for comprehensive global…
Envision Energy, a green technology provider, entered into a partnership with SUN Terra, an Indonesia based renewable energy company, to advance energy storage technologies collaboration and to bring solutions in key markets including Southeast Asia, India, and Australia. The partnership aims to accelerate the deployment of advanced energy storage solutions, enhance global supply chains, and foster the localization of manufacturing and technological expertise – all in support of the clean energy transition across these regions. According to the agreement, Envision and SUN Terra will collaborate on key areas including energy storage system procurement and distribution, localized assembly and manufacturing, technology…
TotalEnergies and RGE joint venture, Singa Renewables, has received a conditional licence from Singapore’s Energy Market Authority (EMA) to import 1 GW of renewable electricity from Indonesia. The two companies, which each hold a 50% stake in Singa Renewables, also signed a memorandum of understanding with Singapore Energy Interconnections (SGEI) to jointly develop a subsea power cable linking Indonesia and Singapore. The project is part of Singapore’s broader plan to diversify energy sources and enhance regional connectivity. The partners had previously signed a Co-Investment Agreement to develop, build and operate a hybrid renewable power plant comprising a solar farm, Battery…
Sumitomo Electric Industries’s vanadium redox flow battery (RF battery), together with its energy management system sEMSA🄬 has been adopted as the energy storage system for the “Kurokiyama Solar Power Plant,” which was developed by Minamikyushu City, Kagoshima Prefecture. A completion ceremony for the “Kurokiyama Solar Power Generation Installation Project” was held on April 22, 2025, after the construction work by Mitaden Co., Ltd. (Headquarters: Kagoshima City, Kagoshima Prefecture; President: Izumi Hirose), which was contracted to design and construct the project. The Kurokiyama Solar Power Plant was developed to reduce the amount of commercial electricity used on a daily basis as part…
REPT BATTERO and Hyosung Heavy Industries formally signed a Memorandum of Understanding (MoU) in Seoul, South Korea, focusing on battery energy storage systems. REPT BATTERO will supply 2.5GWh of energy storage products, jointly promoting the application and popularization of energy storage technology in the global market.Centered on establishing a global strategic framework for energy storage, REPT BATTERO will deliver energy storage cells, modules, and DC containers to Hyosung Heavy Industries, while providing technical support for system design integration and quality control. Hyosung Heavy Industries will assume responsibilities for global marketing, regional localization, and regulatory certification. Through the 2.5GWh supply partnership,…
The U.S. International Trade Commission has finally made an affirmative determination in its antidumping and countervailing duty (AD/CVD) investigation concerning silicon solar cells and panels from Cambodia, Malaysia, Thailand and Vietnam. That means it has confirmed that US industry is harmed by imports from these markets, leading to the next step, ie Customs and Border Protection (CBP) to begin collecting duties on product in less than a month. The Dept. of Commerce had released its final tariff calculations last month with imposition of tariffs on Cambodia ranging from 650% to 3,500%; Malaysian tariffs range from 14% to 250%; Thai tariffs…
China’s largest ocean-going cargo ship, the “Yuanhai Kou,” a solar and LNG dual-fuel car carrier, embarked on its maiden voyage from Nansha, Guangzhou, carrying vehicles primarily produced by Chinese brands. More than 90% of the cars onboard are new energy vehicles destined for countries including Greece, Turkey, Italy, and Tunisia.The vessel measures 199.9 metres in length, with a gross tonnage of 68,252 tons and a displacement of 39,069 tons. It features 12 vehicle decks—eight fixed and four movable—with a total loading capacity of 7,000 standard car parking spaces. It can transport various types of vehicles, including sedans, engineering vehicles, buses,…
Floating photovoltaic systems offer an innovative solution for generating renewable energy, especially in regions with limited land area. They enable an improved electricity production through water cooling effects and efficient space utilization, while contributing to water conservation by reducing water evaporation.As an impact and climate financier, DEG is supporting the development, construction and operation of a 60MW floating solar power plant on the island Java in Indonesia for the first time. It acts as an arranger for a financing of around USD 60 million for ACWA Power Company and state-owned entity Indonesia Power Renewables, who are jointly developing the floating…
Union Minister of Power and Housing & Urban Affairs, Shri Manohar Lal, undertook a significant visit to Nepal today, marking a new chapter in India-Nepal energy cooperation. Accompanied by Nepal’s Minister of Energy, Water Resources & Irrigation, Shri Dipak Khadka, and senior officials from both nations, the Union Minister reviewed key bilateral energy initiatives aimed at enhancing regional connectivity and sustainable power development. During his visit to the 900 MW Arun-3 Hydroelectric Project in Nepal’s Sankhuwasabha district, Shri Manohar Lal reviewed the progress of this landmark project being developed by SJVN Limited, a leading Indian public sector enterprise. The Arun-3…