2025: A landmark year for solar energy
The IEA-PVPS 2025 Snapshot of Global PV Markets reveals a pivotal moment for solar power: global PV capacity surpassed 2.2 TW, with more than 600 GW installed in 2024 alone. As module prices fell due to oversupply, installation volumes continued to grow, highlighting both the strength and volatility of the global PV industry.
Financing India’s clean energy transition
To effectively meet its clean energy and net zero targets, India must address the current limitations in its green financing models. Additionally, the lenders must take into account sector specific risks.
Solarium Green re-enters solar module manufacturing with new 1 GW facility in Ahmedabad
The 1 GW solar module facility is scheduled to start commercial operation in the fourth quarter of the current fiscal year 2025-26.
New cooling gel could raise PV module efficiency by 12%
Researchers in Saudi Arabia have developed a hydrogel composite that absorbs moisture in solar modules overnight and facilitates evaporative cooling throughout daylight hours. The system has undergone lab tests and outdoor experiments on two continents.
Sunnova files for bankruptcy
US residential solar company Sunnova has entered into asset and power purchase agreements to support operations while it seeks a buyer.
The critical role of IPPs in driving 250 GW of new energy
At a time when many countries struggle with energy nationalism and policy flip-flops, India’s independent power producer (IPP)-driven model offers a decentralised, market-based, and scalable solution to clean energy growth. Their role in catalysing 250 GW of new capacity by 2030 will be central to India’s climate pledges under the Paris Agreement and its goal of net-zero emissions by 2070.
India’s solar backbone can’t be outsourced: A case for secure, homegrown inverters
In a world where electricity defines sovereignty, allowing foreign-made devices to sit at the core of India’s solar infrastructure is nothing short of national negligence. In today’s age, power is not just electricity—it is sovereignty. We cannot afford blackout-level vulnerabilities induced by foreign-made solar inverter hardware with security loopholes.
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).
