According to a new report released by research firm IHS Markit, the global market for energy storage will more than double in 2021 from the 2020 level. The study forecasts the energy storage market will reach a record year in 2021 with annual installations exceeding 10GW for the first time, up from 4.5GW in 2020. The […]
Renewable energy no longer a ‘rich nation’ luxury
Australia, Japan and Vietnam lead Asia Pacific’s green drive Australia, Japan and Vietnam are leading the shift to renewable energy in Asia Pacific, according to consultant IHS Markit, coal plants continue to be built at “a brisk pace” as part of energy mix. Around a third of the power projects under construction — or about […]
IHS Markit: Lithium-ion battery cell average cost to fall below $100 per kWh by 2023
The average cost of a lithium-ion (Li-ion) battery cell will fall below $100 per kilowatt hour (kWh) in the next three years, according to a new analysis by IHS Markit. The average cost of a li-ion cell is expected to decline further through the end of the decade, to as low as $73/kWh in 2030. […]
Opportunities develop for battery storage ‘despite the turmoil caused by COVID-19’, IHS Markit says
The market for grid-connected energy storage will defy the “headwinds” caused by the coronavirus pandemic on industries across the world, analysis firm IHS Markit has predicted. The team at the IHS Markit Energy Storage Service has forecast that global installations will grow by over 5GW this year, despite disruption caused by COVID-19. Battery energy storage […]
Sterling and Wilson Solar promoters facilitate repayment of Rs 500 crore
The proceeds have been utilised to reduce our external borrowings by an equivalent amount New Delhi: Sterling and Wilson Solar on Tuesday said that its promoters have facilitated repayment of Rs 500 crore as per the revised schedule of repayment approved by the board. “Sterling and Wilson Solar Ltd (SWSL) has received additional Rs 500 […]
IHS Markit’s 10 Cleantech Trends in 2020
IHS Markit’s 10 Cleantech Trends in 2020 For more information please see below link:
IHS Markit: Despite China decline global solar growth in 2019 to hit 129GW
HS Markit has reiterated its global solar demand forecast for 2019, despite lower expectations for China. The market research firm said that faster than anticipated growth in some international markets such as the Netherlands, Spain, Germany, Italy, Turkey, or Ukraine had reduced the growth risks associated with weaker demand in China. IHS Markit also remained […]
Sterling and Wilson Solar’s Rs 3,125 crore IPO to open on Aug 6
A portion of the net offer proceeds will be used towards funding full repayment of the loans. NEW DELHI: Sterling and Wilson Solar will hit the Street with its initial public offering (IPO) worth Rs 3,125 crore on August 6. The price band has been set in the range of Rs 775 to Rs 780. […]
Global Single-Phase Inverter Market Added 11GW in 2018 —IHS Markit
IHS Markit released its annual PV inverter market report in early May. The world grid-connected PV inverter shipments remained almost flat in 2018. While the world grid-connected three-phase PV inverter shipments were slightly down at 93,427 MW, shipments of the single-phase segment increased by 11.2% to 11,098 MW last year. The growth was boosted by […]
US to become world’s largest market for grid-connected energy storage
New research suggests solar combined with battery storage as well as peaking capacity requirements are driving increased procurement The US is projected to take over South Korea as the world’s largest market for grid-connected energy storage this year. That’s according to new research, which suggests solar combined with battery storage as well as peaking capacity […]