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.
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.
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).
Estimating potential-induced degradation in PV systems used for water pumping
Researchers in Spain have developed a new method to estimated potential-induced degradation (PID) in solar modules used in PV-driven water pumping systems. The proposed approach can detect PID from the open-circuit voltage measurement of the system’s PV module strings.
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.
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.
India installed 5.93 GW of utility-scale solar in Q1 2025, says JMK Research
India installed 5.93 GW of utility-scale solar capacity in Jan-Feb-March period of 2025, marking a 12.2% increase compared to the previous quarter. Additionally, around 1.34 GW was added in the rooftop solar segment during the same period.
Insolation Energy posts INR 126.2 crore profit in FY 2025
Indian solar manufacturer Insolation Energy Ltd has reported a revenue of INR 1,333.8 crore for FY25, marking an 80.9% year-on-year (YoY) increase from INR 737.2 crore in FY 2024. Profit after tax surged 127.5% YoY to INR 126.2 crore.
