Chinese Competition regulator meets with Mercedes-Benz, Alibaba
The State Administration for Market Regulation, SAMR, announced on Wednesday that China's regulator of the market held a seminar on fair competition, with representatives from seven companies. These included Alibaba and LONGi. The statement stated that the executives who attended the symposium on February 2nd discussed the market, competition and the difficulties they face.
First Solar launches legal action against JinkoSolar for forecasting higher sales in 2025
First Solar, a solar panel manufacturer, forecasted higher sales for the current year and reported a rise of its fourth-quarter profits on Tuesday. It also announced that it had taken legal action against JinkoSolar over patent infringement. Extended trading saw shares up by 3.8% to $153.00. In November, the Biden administration imposed tariffs on imports…
Lightsource bp has secured 10 power purchases totaling 1.3 GW in the last 12 months
The firm reported on Wednesday that Lightsource bp - a renewable energy developer and a subsidiary of British oil giant BP - secured 10 power purchase agreement (PPA) in the last year, totaling 1.3 gigawatts of renewable energy capacity worldwide. Lightsource bp stated that the PPAs have been contracted in Europe, Americas and Asia Pacific for solar power.
Researchers find that China's clean-energy investments are on par with global fossil fuel investments.
According to a recent analysis by the U.K.-based Carbon Brief, China will invest 6.8 trillion yuan (about $940 billion) in clean energies in 2024. This is close to the global investment of $1.12 trillion made in fossil fuels. This was despite the fact that growth in China's investments in clean energy slowed to 7% in 2023 from 40% due to overcapacity. Over half of this investment was from China's rapidly growing electric vehicle…
IEA: Global electricity demand will grow by 4% until 2027
The IEA released a report Friday that predicted the global electricity demand to increase by 4% – or more than Japan's total annual consumption – each year until 2027. However, the expansion of energy sources with low emissions should help counteract this trend. The IEA said that the 85% growth in global demand is expected to come from emerging and developing economies.
IEA: Global electricity demand will grow by 4% until 2027
The IEA reported on Friday that the global electricity demand will grow more than Japan's total annual consumption through 2027. However, the expansion of energy sources with low emissions should help to offset this trend. The IEA said that the 85% growth in global demand is expected to come from emerging and developing economies. China will account for more than half the growth with a 6% annual growth rate.
Inpex, a Japanese company, targets FID in 2027 for Indonesia's Abadi Liquefied natural gas project
Inpex Corp., Japan's largest oil and gas exploration company, announced on Thursday that it plans to make its final investment decision on the Abadi project for liquefied gas in Indonesia by 2027, as part of efforts to increase LNG supply. The company has a three-year plan that will run through 2027. It plans to invest 11.8 trillion yen (11,7 billion dollars) in areas of growth, including the flagship Ichthys project in Australia.
Maguire: Recovering wind power may cool Europe's hot gas market
The wind-powered electricity produced in Europe in January 2024 was down by more than 7%, denying regional power producers a vital source of clean energy just as the demand for heating reached its peak. This wind shortage triggered an increase in Europe's natural gas-based electricity generation to its highest level in three years. It also supported a rally which has driven benchmark regional gas prices up by more than 15% this year.
Indonesia's new energy supply plan includes a focus on renewable sources of power.
A deputy minister stated on Tuesday that Indonesia aims to increase its share of renewable energies in the electricity supply plan within the next 10 years. This will be fueled by increased solar, geothermal and hydro power. This new plan is known as RUPTL locally. It would replace Indonesia’s RUPTL 2021-2030, which planned a total new capacity of 40.6 gigawatts, of which 52% was renewable energy.
German spot prices fall on increased wind power
European spot prices fell on Monday due to a higher average wind output, which is expected to exceed the increase in demand. LSEG data shows that the German day-ahead electricity price was 120.75 Euros ($124.77 per megawatt hour (MWh), down 9.7% on Friday's prices for Monday. LSEG data shows that the French baseload electricity for Tuesday was priced at 144.50 Euros/MWh. On Friday, the contract for Monday's delivery was not traded.
China will roll back clean energy subsidies after boom
China's top economic planner said on Sunday that it is taking steps to reduce subsidies for renewable energy after an explosion in solar and wind installations. China has surpassed its own record for solar installations by 45% in 2024. China has installed more than 6 times as much solar power in China today, according to the International Renewable Energy Agency.
DeepSeek fever fuels patriotic betting on Chinese AI stocks
Chinese investors are investing in AI-related stocks. They believe that the homegrown startup DeepSeek's artificial intelligence advancement will result in a boom for the sector, and give China the advantage in an intensifying Sino/U.S. tech war. As President Donald Trump re-energizes the trade war by imposing new tariffs, patriotic calls have fueled a frenzy…
DeepSeek fever fuels patriotic betting on Chinese AI stocks
Chinese investors are investing in AI-related stocks. They believe that the homegrown startup DeepSeek's artificial intelligence advancement will result in a boom for the sector, and give China the advantage in an intensifying Sino/U.S. tech war. As President Donald Trump re-energizes the trade war by imposing new tariffs, patriotic calls have fueled a frenzy…
First Solar wins early victory for ESG group with the use of deep sea minerals
First Solar has agreed not to use minerals from the deep ocean. This is a win for shareholders and environmentalists, as well as a sign that their agenda may make progress in spite of opposition from U.S. president Donald Trump's government. According to an agreement summary provided by the advocacy group As You Sow, the Tempe-based photovoltaic company will…
India reviews tariff surcharges on luxury goods, renewables and chemicals amid US pressure
India will review the import tariffs for over 30 items, including luxury cars and photovoltaic cells. This could lead to a rise in imports from America, according to a senior official at the finance ministry. To counteract President Donald Trump's increasing tariff actions, the Government has already reduced the tariffs on several products, including high-end cars, bikes, and chemicals, in the latest Budget.
Clean energy companies pressure US lawmakers to protect subsides
On Wednesday, U.S. clean energy companies will be heading to Capitol Hill to urge Republican legislators not to eliminate lucrative tax credits that are contained in the landmark climate change legislation of former president Joe Biden. Members of Congress of both parties are being met by hundreds of representatives of firms from the solar, wind, and other renewable energy sectors to promote their role in creating employment and investment…
Shares of Enphase rise as company forecasts revenue for Q1 above expectations
Enphase Energy, a maker of solar inverters, forecasted first-quarter revenues above market expectations on Tuesday. This was after robust demand led to a higher-than-expected operating profit for the fourth quarter, which sent its shares up 6% after bell. According to data compiled and analyzed by LSEG, the solar energy company expects first-quarter revenues to range between $340 million and $380 million.
Premier Energies, India's largest solar energy company, halts U.S. plans for solar cell facilities amid policy uncertainty
Premier Energies, a manufacturer of Indian solar modules, announced on Monday that it would put on hold its plans to build a solar cell factory in the U.S. capable of producing 1 gigawatt. This decision was made after President Trump's inauguration and his halting green policies from the Biden era. In July 2024, Premier and North American Solar Module Maker Heliene announced a joint-venture to build a U.S.
Israel urges the public to install solar panels on their roofs in order to generate electricity
Solar panels are being installed on roofs in Israel to harness the sun's power and help Israel meet its growing demand for electricity. Around 15% of Israel's electric production comes from renewable sources, while about 70% of it is natural gas. The Energy Ministry set a 30% target by 2030, which will increase dramatically by 2050, when the goal of net zero emissions becomes a reality.
Enphase shares soar as revenue forecasts for the first quarter are higher than expected
Enphase Energy, a maker of solar inverters, forecasted first-quarter revenues above Wall Street expectations Tuesday. This was after robust demand led to a higher-than-expected operating profit for the fourth quarter, which sent its shares up 6% after closing bell. According to data compiled and analyzed by LSEG, the solar energy company expects first-quarter revenues to range between $340 million and $380 million.
