Global utility-scale solar additions hit 182 GW in 2024
Utility-scale solar installations reached 182 GW (AC) in 2024, with the top 33 countries now accounting for 765 GW, or roughly 93% of the global total, according to Wiki-Solar.
PM Surya Ghar: Muft Bijli Yojana turns one
The PM Surya Ghar: Muft Bijli Yojana, the world’s largest domestic rooftop solar initiative, is reshaping India’s energy landscape with a bold vision to supply solar power to one crore households by March 2027.
LCOE of grid-scale solar expected to drop 2% globally in 2025
A report from BloombergNEF said fixed-axis solar levelized cost of energy is expected to fall to $0.035/kWh, while battery energy storage LCOE is expected to decrease 11%.
ONGC NTPC Green acquires Ayana Renewable Power
ONGC NTPC Green, a joint venture of ONGC Green and NTPC Green Energy, has signed the agreement to acquire a 100% equity stake in Ayana Renewable Power (Ayana) for INR 195 billion ($2.3 billion).
ACME Solar Holdings reassigned A+/Positive credit rating by Crisil
Acme Solar Holdings Ltd has been reassigned ‘Crisil A+/Positive’ rating for its long-term bank loan facilities of INR 200 crore.
TCIL seeks EPC partner for 120 MW solar project in Bhutan
Telecommunications Consultants India Ltd has floated a Request for Proposal (RFP) for the selection of a consortium partner for design, supply, installation, testing and commissioning of 120 MWp Jamjee solar PV project in Thimphu.
Germany allocates 2.15 GW in latest PV tender, final average price for first time under €0.05/kWh since 2019
Germany’s latest auction for utility-scale solar concluded with prices ranging from €0.0388 ($0.0400)/kWh to €0.0495/kWh. The procurement exercise was significantly oversubscribed.
Juniper Green raises $1 billion in debt financing to expand its clean energy portfolio
Juniper Green Energy has secured $1 billion in phased debt financing to support the development of wind-solar hybrid and firm & dispatchable renewable energy (FDRE) projects.
South Australia leads international rooftop solar cost rankings
A new study of residential solar installation costs reveals South Australia has the lowest costs nationally while even Australia’s most expensive states are about three times cheaper than those in the United States and Canada.
India hits 100 GW of installed solar power capacity
India’s total installed solar capacity stood at 100.33 GW as of Jan. 31, 2025, with 84.10 GW under implementation and an additional 47.49 GW under tendering.
