An increase in shipping times and freight rates due to violence in the Red Sea could carry implications for renewable energy and solar products heading to Europe and the US.
In 2023, a collective US$1.8 trillion went towards energy transition technologies and their supply chains, including solar PV and other renewable generation, grids, electrified transport and clean tech factories.
Two solar PV plants have been installed in gold mines in the Democratic Republic of Congo (DRC) and Mongolia to supply clean energy to their operations.
Solar manufacturer JinkoSolar’s subsidiary, Jinko Solar, has released preliminary results for its fiscal year ended in 2023 with net income up between 146-170% year over year.
