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.
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.
Brazil generates 88% of power from renewables in 2024
Brazil’s electricity mix was 88% renewable in 2024, with wind and solar supplying about 24% of total demand, according to new data from state-owned energy agency Empresa de Pesquisa Energetica (EPE).
NLC, MAHAPREIT form JV to develop 5 GW of renewable energy projects in Maharashtra
The joint venture company aims to develop 5 GW of renewable energy capacity in Maharashtra, with an initial target of 2 GW.
AMPIN Energy secures 25-year power purchase agreement with IMFA
AMPIN Energy will supply 40 MW of contracted power to Indian Metals & Ferro Alloys Ltd through a hybrid renewable energy solution, comprising 58 MW AC of solar and 58 MW of wind capacity.
India’s power demand to grow 6.0-6.5% over next five years, driven by EVs, data centres and green hydrogen: ICRA
Electric vehicles, data centres and green hydrogen are expected to contribute to 20-25% of the incremental power demand over the next five-year period from FY2026 to FY2030.
SolarEdge expands India operations with new R&D and technology center in Bengaluru
SolarEdge Technologies, an Israel-based solar inverter and battery energy storage specialist, has inaugurated a new state-of-the-art R&D and Technology Center in Bengaluru. The facility will play a key role in supporting SolarEdge’s global innovation pipeline while addressing the unique needs of the Indian market.
Nextracker hits 10 GW solar tracker milestone in India
The company expands operations in India with a new office and R&D facility to address rapid solar growth in the market.
Why renewable project execution needs speed and policy synergy
Renewable energy projects that should take 12-18 months to complete often take twice that. More often than not, land acquisition challenges, regulatory overreach and delayed transmission planning are the reasons behind this.
Sugs Lloyd aims to raise INR 85.4 crore through IPO
Sugs Lloyd Ltd, a Delhi-based renewable EPC company, aims to raise INR 85.4 crore by going public. It will use INR 64 crore from the total proceeds to support working capital requirements for business expansion, while the remaining amount will be used for general corporate purposes.
