Sungrow, Sunpower Electric, Growatt New Energy, Jinlang Technology and Goodwe have emerged as the top solar inverter suppliers in India in the first half of 2023, according to Merccom’s recently released ‘India Solar Market Ranking for H1 2023′. Sungrow is the largest supplier of solar inverters with a market share of 35%. Shangneng Electric and Growatt New Energy follow, accounting for 22% and 7% respectively. Rounding out the top five are Ginlog (Solis) Technologies and GoodWe with 5% shares each. The top two inverter suppliers will remain unchanged from 2022 to 2023 as the demand for their inverters in the Indian solar market continues to remain strong.
Mining Minister V.K. Kantha Rao said the mines ministry will auction 20 blocks of critical minerals, including lithium and graphite, in the next two weeks. The planned auction follows amendments to the Mines and Minerals (Development and Regulation) Act 1957, which reduced the use of three critical and strategic minerals (lithium, niobium and rare earth elements) in energy transition technologies as royalties. In October, loyalty rates fell from 12% average selling price (ASP) to 3% LME lithium, 3% niobium ASP and 1% rare earth oxide ASP.
The Bureau of Energy Efficiency has published the “Draft Detailed Rules for the Carbon Credit Trading Scheme Compliance Mechanism.” Under the new procedure, the Ministry of Environment, Forests and Climate Change will announce greenhouse gas emission intensity targets, i.e. tonnes of carbon dioxide equivalent per unit of equivalent product, applicable to obligated entities for each specified trajectory period. These obligated persons will be notified of the annual targets for three years, and after the end of this period the targets will be revised.
The Central Electricity Authority (CEA) has proposed measures to standardize and ensure battery interoperability to facilitate integration of electric vehicles (EVs) into the grid through reverse charging. The vehicle-to-grid (V2G) concept sees electric vehicles supplying electricity to the public grid to meet energy needs. The CEA V2G Reverse Charging Report calls for the inclusion of reactive power compensation provisions in the CEA Grid Interconnection Technical Standards.
Spanish wind turbine maker Siemens Gamesa reported a net loss of 664 million euros (about $721 million) in the fourth quarter of fiscal 2023, compared with a profit of 374 million euros (about $406) in the same period last year. million). The loss was primarily due to a decrease in profits from fulfilling pending orders. Quality issues in the onshore and services business, rising product costs and ongoing challenges associated with offshore expansion also contributed to losses in the latest quarter. The company’s revenue amounted to 2.59 billion euros (about 2.8 billion US dollars), which is 23% less than 3.37 billion euros (about 3.7 billion US dollars) in the same period last year. In the previous quarter, the company profited from the sale of its portfolio of wind farm development projects in Southern Europe.
The US Federal Circuit has overturned a Court of International Trade (CIT) decision allowing the White House to expand protective tariffs on solar equipment. In a unanimous decision, a three-judge panel directed the CIT to uphold the President’s authority to increase safeguard duties under the Trade Act of 1974. Key to the case is the language of Section 2254 of the Commerce Act, which says the president “may reduce, modify, or terminate” protective duties. Courts recognize the right of administrative authorities to interpret laws.
The solar industry has invested $130 billion this year. In the next three years, China will have more than 80% of the world’s polysilicon, silicon wafers, cells and modules production capacity. According to a recent Wood Mackenzie report, more than 1 TW of wafer, cell and module capacity is expected to come online by 2024, and China’s added capacity is expected to meet global demand by 2032. China also plans to build more than 1,000 GW of silicon wafers, cells and modules capacity. According to the report, N-type solar cell production capacity is 17 times that of the rest of the world.