India solar module output to exceed 125 GW in 2025, says Wood Mackenzie
Wood Mackenzie says in a new report that India’s solar manufacturing boom risks overcapacity and calls for a shift from expansion to cost competitiveness.
Global solar module, inverter market to reach $115.8 billion by 2030
UK-based analysts GlobalData predict growth in the world’s solar module and inverter markets through to the end of the decade will be driven by the Asia Pacific region.
Thirty-five countries now operate GW-scale annual PV markets
The latest report from the International Energy Agency’s (IEA) Photovoltaic Power Systems Programme (PVPS) highlights that 2024 was another record year for solar installations but large overcapacities of solar cell, module and wafer manufacturing continued.
ADB, World Bank commit $12.5 billion to ASEAN Power Grid plan
The Asian Development Bank (ADB) and World Bank have launched a $12.5 billion initiative to finance regional power interconnection in Southeast Asia under the ASEAN Power Grid program.
Nearly half of solar capacity will be co-located with storage by 2060, says DNV
DNV’s Energy Transition Outlook 2025 report also predicts that distributed generation solar should begin outpacing utility-scale installations in some parts of the world by 2060. It adds that the levelized cost of electricity for solar is beginning to plateau and is expected to slow to an annual drop below 1% by the 2050s.
Copper demand to rise 24% by 2035, says Wood Mackenzie
Demand for copper, often considered as one of the most valuable alternatives to silver in solar manufacturing, is expected to increase by almost a quarter globally by the middle of next decade. Wood Mackenzie says the energy transition is one of four ‘disruptors’ that could cause demand to increase further.
Engie, Masdar win 1.5 GW solar project in UAE
A consortium of France’s Engie and the UAE’s Masdar has been selected to develop the 1.5 GW Khazna solar PV project located near Abu Dhabi. The project is expected to reach financial close before the end of the year.
OCI Holdings acquires 65% stake in 2.7 GW Vietnamese solar wafer factory
South Korea’s OCI Holdings is entering the solar wafer business with a majority stake in a wafer plant in Vietnam valued at $120 million. The facility will produce solar wafers for the U.S. market.
IEA says cost of capital for solar remains high in Southeast Asia
The International Energy Agency (IEA) says the cost of capital for solar remains higher in Southeast Asian countries than it does in other emerging and developing economies.
IEA lowers 2025-30 forecast for global solar growth
The International Energy Agency (IEA) cut its 2025–30 renewables forecast by 5%, citing lower solar additions, though PV still represents nearly 80% of 4.6 TW expected growth.
