Global solar capacity to surpass 7.5 TW in 2035, says GlobalData
UK consultancy GlobalData projected, in figures shared with pv magazine, that global renewable capacity could hit 11.2 TW by 2035, led by solar. It expects cumulative PV capacity to hit 2,378 GW by year-end and 2,849 GW by 2026.
Jindal Stainless partners with Oyster Renewable for 282 MW wind-solar hybrid project for self-consumption
Oyster Renewable Energy will develop a 282 MW wind-solar hybrid power project to supply clean energy to Jindal Stainless’ manufacturing units under a 25-year group captive power purchase agreement. The project will be strategically located in Bhuj (Gujarat) and Agar (Madhya Pradesh).
Waaree Energies launches Indosolar offer for sale
The offer for sale (OFS) opens for non-retail investors on June 5 and continues on June 6 for retail investors and unallocated non-retail bids. The floor price for the OFS has been set at INR 10 per equity share.
Juniper Green commissions 145.99 MWp Chapalgaon solar project in Maharashtra
Juniper Green Energy has commissioned its 145.99 MWp (100 MW AC) solar power project in Chapalgaon village, Maharashtra, an impressive 19 months ahead of its scheduled commercial operation date.
Involt Energy breaks ground on 1.78 GW n-type TOPCon solar cell factory
Gujarat-based Involt Energy has entered solar cell manufacturing with a 1.78 GW fully automated facility in Rajkot. The company plans to begin ramp-up by mid 2026 with an additional 3 GW cell line and a 3 GW wafer manufacturing facility.
Solar energy firms face over 2,700 compliance obligations: TeamLease Regtech
A new report by TeamLease Regtech states that a standalone solar energy producing plant in Maharashtra, with a corporate office in Haryana, must comply with 799 unique regulatory obligations and 2,735 total compliance instances in a year.
Waaree Energies ‘top performer’ in Kiwa PVEL’s 2025 PV Module Reliability Scorecard
Indian solar manufacturer Waaree Energies Ltd has been recognized as a ‘Top Performer’ in the 2025 PV Module Reliability Scorecard by Kiwa PVEL, the leading independent lab for photovoltaic (PV) reliability benchmarking worldwide.
Sunnova subsidiary files for bankruptcy protection
The residential solar company has been in a downturn for more than a year, with earnings misses, layoffs, changes in leadership and cancellation of a $3 billion loan guarantee.
China launches world’s first grid-forming sodium-ion battery storage plant
The Baochi Storage Station in Yunnan integrates lithium and sodium-ion technologies at scale, a global first, aiming to stabilize renewable energy and cut costs as China accelerates its energy transition.
Servotech plans solar manufacturing, eyes global expansion in EV charging segment
Servotech Power Systems has announced plans to set up solar cell and module manufacturing facilities. The company is also looking to expand globally in the EV charging segment.
