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Solar LCOE to fall 30% by 2035, says BloombergNEF

Analysis from BloombergNEF finds the levelized cost of electricity (LCOE) of a typical fixed-axis solar farm increased by 6% year-on-year in 2025 to stand at $39/MWh, but innovation and competition are expected to see costs fall by 30% through to 2035.
Highlights

Vikram Solar signs 2 GW PV cell deal with Jupiter International

Vikram Solar has signed the agreement to procure 2 GW of high-efficiency TOPCon and mono PERC solar cells from Jupiter International.
Installations

Corporate PPA deals down 10% in 2025 as AI demand plugs gaps

BloombergNEF global report finds corporate clean energy procurement fell in 2025 for first time in nine years amid negative pricing and policy uncertainty. Big Tech leads procurement as number of cPPA offtakers halved in the United States. Solar remains ...
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Battery Business & Development Forum 2026

Connect with Europe’s energy storage leaders at the Battery Business & Development Forum 2026 in Frankfurt (March 31–April 1) and gain insights into evolving business models, financing strategies, and market trends

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SunRise Arabia Clean Energy Conference 2026

Join the 3rd SunRise Arabia Clean Energy Conference on April 22, 2026, in Riyadh to explore how solar PV and energy storage are powering the Kingdom’s growing digital economy — including data centers. Secure your spot at the early-bird rate.

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Training on UL 9540A, NFPA 855, and large-scale fire validation of 6.25 MWh BESS containers (US focus)

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Training on UL 9540A, NFPA 855 and large-scale fire validation of 6.25 MWh BESS containers (Global focus)

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Installations

India’s electricity transition unfolds unevenly across states

A new report by IEEFA and Ember finds that India’s electricity transition is unfolding differently across states, shaped by variations in resource endowments, development pathways, and institutional capacities. While some states are already leading in ...
Energy Storage

TEXMiN, Russia’s GIREDMET ink pact on rare earth and critical mineral technologies

The TEXMiN Foundation, IIT (ISM) Dhanbad, has signed an MoU with GIREDMET State Research and Design Institute of Rare Metal Industry, Russia, to collaborate on rare earth processing, critical minerals, advanced materials, and translational research acros...
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Highlights

NexWafe, Talon PV sign 7 GW solar wafer supply agreement

Under the terms of the deal, Germany’s NexWafe will supply its ultrathin solar wafers to Talon PV’s planned 4.8 GW TOPCon solar cell manufacturing plant in Texas. Initial qualification work will take place at a pilot production line at Fraunhofer ISE...
Installations

Clean Max Enviro Energy raises INR 921 crore from anchor investors

Clean Max Enviro Energy Solutions has raised INR 921 crore from anchor investors ahead of its initial public offering that opens for public subscription today (Feb. 23, 2026).
Energy Storage

Panasonic debuts fuel cell cogeneration system for PV‑integrated homes

Panasonic has launched a new home fuel cell system for detached houses, designed to boost solar self-consumption through HEMS‑based smart scheduling. The unit generates electricity and heat from gas, supports demand response, and can supply emergency p...

Markets & Policy

Featured

China wafer prices fall for fourth week as discounting deepens under inventory pressure

In a new weekly update for pv magazine, OPIS, a Dow Jones company, provides a quick look at the main price trends in the global PV industry.

The effects of solar module elevation on ground-mounted PV

Scientists in Hungary found that ground-mounted PV modules at an intermediate elevation of 1.1 m achieve the highest efficiency and power output due to improved airflow and reduced cell temperature. Their study also estimated a levelized cost of electricity of $0.0843/kWh and 577.78 kg CO₂ mitigation over 25 years, while noting results are specific to concrete surfaces.

“We’re ready to support our customers’ energy transition—whether from electrons or molecules”: Thermax executive VP

Arun Unni, Executive Vice President and Business Head – New Energy & Head of Strategy at Thermax, speaks to pv magazine about the evolving green hydrogen market, electrolysis economics, and the company’s ambitions in this space through global technology tie-ups. He also discusses the emerging carbon credit trading system and new opportunities for Thermax in biomass, sustainable fuels, and round-the-clock renewable energy solutions.

India adds 7.8 GW of open access solar in 2025

Cumulative open-access (off-site commercial and industrial) solar installations surpassed 30 GW as of Dec. 31, 2025.

IEC-based technical specifications needed for second-life PV module market

The latest report from the International Energy Agency’s Photovoltaic Power Systems Programme says second-life PV modules have the potential to reduce waste and extend the value of solar assets, but their market today remains underdeveloped and requires advances in technical qualifications, scalable reuse infrastructure and supportive policy frameworks.

REC conducts live demo of peer‑to‑peer decentralized energy transaction at India AI Impact Summit 2026

During the live peer-to-peer energy trading demo, Arun Singh, a farmer from Meerut (Uttar Pradesh), used a secure, blockchain‑enabled platform to sell surplus solar‑generated electricity directly to Lakshmi, a garment shop owner in Delhi.

Installations

Featured

India must leverage its mature renewable energy base to sustainably power its global AI data centre hub ambitions: Deloitte report 

India’s expanding renewable energy base and clean power can play a central role in supporting the next phase of data center growth, supported by smarter power sourcing, stronger grid readiness and coordinated policy action to ensure reliable and sustainable energy at scale, says a new report by Deloitte Asia Pacific.

NTPC REL commissions additional 165 MW at Khavda-II solar PV project

Following the commissioning of the first 210 MW phase, NTPC Renewable Energy Ltd, an arm of NTPC Green Energy Ltd, has commissioned an additional 165 MW at its 1,200 MW Khavda-II solar PV project in Gujarat.

ACME Solar secures PPA with SECI for 190 MW wind-solar hybrid project

ACME Solar arm ACME Urja One has signed a 25-year power purchase agreement with Solar Energy Corp. of India (SECI) for a 190 MW wind-solar hybrid project with assured peak power supply.

MENA region to add 860 GW of solar by 2040, says DNV

The Middle East and North Africa (MENA) region is projected to install 860 GW of solar capacity by 2040, led by utility-scale projects, with a further 2.2 TW of solar and wind expected between 2040 and 2060.

Renewables’ share to reach 26% of total power generation by FY2026-end: Infomerics Ratings

Infomerics Ratings expects renewable energy (RE) to account for 26% of India’s total power generation by the end of FY2026, despite softer demand conditions.

Global Energy Alliance announces $25 million Grids of the Future Accelerator platform

The Global Energy Alliance for People and Planet has launched the India Grids of the Future Accelerator platform to modernize power distribution, integrate renewable energy and storage, and prepare India’s grids for rapid demand growth.

Technology

Featured

ISA unveils global mission to help 120+ member countries fast-track AI-enabled clean energy

The International Solar Alliance (ISA) convened a high-level session at the India AI Impact Summit 2026 to advance global dialogue on the transformative role of Artificial Intelligence (AI) in the clean energy transition.

Advait Energy Transitions posts consolidated revenue of INR 486.33 crore for 9MFY26

Advait Energy Transitions Ltd has reported strong financial performance for the third quarter and first nine months of FY26, driven by execution momentum across its power transmission solutions and new & renewable energy businesses.

Advait Greenergy signs MoUs for green hydrogen technology, storage, and EPC

Advait Greenergy has partnered with electrolyser technology providers Switzerland-based CENMAT and US-based Power to Hydrogen Inc. (P2H2), India-based EPC firm JESCO Projects, and hydrogen storage specialist VJ Industries to support the development of green hydrogen projects in India.

The Hydrogen Stream: NTPC Green signs MoU with Assago Industries for green ammonia supply

NTPC Green Energy Ltd (NGEL) has signed a Memorandum of Understanding (MoU) with Assago Industries for the supply of green ammonia, CO₂, renewable power, and other utilities to support the production of 1,000 tonnes per day (tpd) of green urea.

Why transformers are the unsung heroes of India’s green revolution

We are preparing for a future where transformers are dynamic energy hubs, stabilizing a grid that is constantly fluctuating between charging EVs and absorbing solar export.

Carbon steel pipes: The backbone of India’s expanding energy and infrastructure grid

The role of carbon steel pipes in India’s energy and infrastructure grid will continue to evolve alongside the country’s development priorities. As networks expand and operating conditions become more demanding, value will be defined not by capacity alone, but by lifecycle performance, reliability, and sustainability.

Manufacturing

Featured

SECI launches 870 MWp solar module tender

The Solar Energy Corp. of India (SECI) has issued a tender for the supply of 870 MWp of solar PV modules manufactured using domestically produced cells.

Global utility-scale battery capacity rises 12-fold in 2020-24 period

The global capacity of utility-scale batteries increased more than 12-fold between 2020 and 2024 to 124 GW, while average battery costs fell 58% over the period, according to the Electricity 2026 report from the International Energy Agency (IEA).

Nextpower enters multi-year gigawatt-scale steel frame supply agreement with Jinko Solar (U.S.) Industries

Nextpower plans to expand its steel frame manufacturing capacity in the southeastern United States to enable direct supply to Jinko Solar’s module manufacturing facility in Jacksonville, USA.

Centrotherm launches new high-volume TOPCon PECVD tool

The Germany-based PV thermal process equipment and technology provider has launched c.Plasma Q Max to process up to 10,000 wafers per hour in high-volume TOPCon solar cell manufacturing lines.

India’s 2030 battery gigafactory ambition: Strengths, bottlenecks and solutions

The number of operational battery gigafactories will increase significantly, with more than 30 manufacturing sites expected to be in operation by 2030, targeting a total production capacity exceeding 290 GWh. However, challenges such as raw material and skilled labor shortages, insufficient R&D investment, and a lack of long-term strategic planning remain.

Saatvik Green Energy secures INR 44.10 crore solar module order

Saatvik Solar Industries has received and accepted an order worth INR 44.10 crore for the supply of solar PV modules. The order is scheduled for execution by March 2026.

Energy Storage

Featured

World’s largest solar-plus-storage project completes initial grid synchronization

The first phase of the MTerra solar project in the Philippines, set to be the world’s largest solar-plus-storage site once completed, has achieved initial synchronization and energization to the Luzon grid. Project developers are anticipating the project to being exporting power by the end of the month.

Maxvolt Energy partners IIT Roorkee to develop AI‑driven BMS for energy storage and electric mobility solutions

Maxvolt Energy, a Ghaziabad-based lithium battery pack manufacturer, has signed a memorandum of understanding (MoU) with the Indian Institute of Technology (IIT) Roorkee to jointly develop an AI‑driven battery management system (AI‑BMS) for next‑generation energy storage and electric mobility solutions.

Adani commits $100 billion to renewables-powered AI-ready data centres 

Adani Group has announced an investment of $100 billion to develop renewable-energy-powered, hyperscale AI-ready data centre capacity in India by 2035.

AM Group commences development of 1 GW AI compute facility backed by round-the-clock renewables

AM Group has commenced development of its 1 GW AI and High-Performance Computing data center project in the Indian state of Uttar Pradesh. The facility will be powered by firm and on-demand carbon-free energy at competitive tariffs enabled by renewable generation and pumped storage assets managed through an in-house intelligent cloud energy architecture.

Greenzo Energy, Lord’s Mark Industries to collaborate on 60 MW green hydrogen projects in Uttar Pradesh

Greenzo Energy India and Lord’s Mark Industries have signed a Memorandum of Understanding (MoU) to jointly develop around 60 MW of green hydrogen capacity, along with integrated solar rooftop projects coupled with battery energy storage systems.

Comparing safety profiles of lithium-ion, sodium-ion and solid-state batteries

New research finds that battery safety rankings are not universal but highly dependent on application scenarios, and shows that LFP batteries can emit high levels of hydrogen fluoride, challenging their reputation as the “safest” chemistry.

Opinion & Analysis

Featured

Polysilicon transactions remain subdued amid buyer hesitancy

In a new weekly update for pv magazine, OPIS, a Dow Jones company, provides a quick look at the main price trends in the global PV industry.

India’s blueprint for sustainable solar success

By embedding quality benchmarks into procurement and manufacturing incentives, policymakers are ensuring that India’s energy transition is durable, not disposable. The focus has moved from rapid installation to long-term reliability — a sign of sectoral maturity.

UV testing, solar cell factory inspection now mandatory for Munich Re’s PV warranty insurance

The world’s largest reinsurer has recently introduced stricter requirements for PV warranty insurance to further de-risk insured PV parks and set a higher benchmark for industry wide reliability and production quality.

China TOPCon solar module prices ease after 4-week rally on silver pullback, holiday slowdown

In a new weekly update for pv magazine, OPIS, a Dow Jones company, provides a quick look at the main price trends in the global PV industry.

Why corporate relations will define the green energy future

Green energy development today is being undertaken in a complex environment that is influenced by long-term capital commitments, changing regulation, and greater public and investor scrutiny. In this context, corporate relations is no longer restricted to disclosures, or media relations. It has become a strategic function that affects the way organisations are understood, evaluated and trusted over the course of time.

TOPCon cell prices rise for fourth week amid elevated silver costs and export rebate uncertainty

In a new weekly update for pv magazine, OPIS, a Dow Jones company, provides a quick look at the main price trends in the global PV industry.

Press Releases

Odisha’s Critical Minerals Sector Set to Hit $18-20 Billion by 2032; Processing and Manufacturing Share to Quadruple, Says Study

A new study reveals Odisha’s mineral production value is expected to skyrocket from $8 billion in 2025 to $18-20 billion by 2032, with a dramatic shift in the state’s mining, processing, and manufacturing profile, from 40%-10%-5% in 2025 to 50%-40%-30% by 2032, driven by focused policy and industrial investment.

Solex Energy Limited Signals Next Phase of Solar Innovation at The Smarter E India

Solex Energy Limited, one of India’s leading solar module manufacturers and renewable energy innovators listed on NSE: SOLEX, will participate in The Smarter E India 2026, scheduled from February 25–27, 2026 at the Helipad Exhibition Centre, Gandhinagar.

DEE Development Engineers Secures Orders Aggregating to INR 170+ Crore across Domestic and Overseas Operations

Orders include a combined ₹62 Crore for the manufacturing of Critical Piping Systems and ₹26 Crore for the supply of Headers and Vessels from India

Vayona Energy Accelerates Its Growth in India with Over 1 GW Wind Power Orders, Led by a Landmark 702 MW Tata Power Deal

Vayona Energy, a leading wind turbine OEM in India and South Asia, is accelerating its growth in the Indian market on a strong foundation with a landmark 702 MW wind power agreement with Tata Power Renewable Energy Limited (TPREL), one of India’s leading renewable energy companies and a subsidiary of The Tata Power Company Limited.

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