GameChange Solar has won an order to supply its Genius Tracker 1P system for the 1,290 MWp Bisha solar PV independent power plant in Saudi Arabia. The project is being developed by ACWA Power, with L&T as the EPC partner.
NLC India Ltd has secured a 600 MW solar project coupled with a 300 MW/1,800 MWh energy storage system (ESS) from the Solar Energy Corp. of India (SECI). The company said its wholly owned subsidiary, NLC India Renewables Ltd (NIRL), has received a letter of award for the project.
Coal-based thermal power is expected to remain the backbone of electricity generation in FY27, accounting for around 70%, even as renewable energy continues to dominate incremental capacity additions.
Brazil curtailed about one-fifth of its solar and wind generation in 2025, wasting an estimated BRL 6.5 billion ($1.23 billion), as grid constraints and demand mismatches pushed the power system close to operational safety limits on 16 days, according to a report from Volt Robotics.
Bhutan’s Druk Green Power Corporation and India’s Carbon Resources Private Limited have agreed to collaborate on new solar and hydropower projects in Bhutan with capacities between 100 MW and 250 MW.
We are preparing for a future where transformers are dynamic energy hubs, stabilizing a grid that is constantly fluctuating between charging EVs and absorbing solar export.
India’s Union Budget 2026–27 extends basic customs duty (BCD) exemptions on the import of capital goods used for lithium-ion cell production for battery energy storage systems (BESS), as well as capital goods required for processing critical minerals. It also removes the 7.5% BCD on sodium antimonate used in solar glass manufacturing.
Japan Credit Rating Agency (JCR), Japan’s leading rating agency, has assigned Adani Green Energy Ltd (AGEL) a long-term foreign currency credit rating of BBB+ with a Stable outlook, at par with India’s sovereign credit rating of BBB+.
Crisil Ratings has assigned higher ratings to five special purpose vehicles (SPVs) of SAEL Industries Ltd, citing revenue stability, adequate debt coverage metrics, and execution capabilities across SAEL’s solar power generation and PV module manufacturing operations.
Deployment hits ten year high in the United Kingdom with connection of largest plant to date and a ramping up of small-scale installations. Government targets accelerated deployment with new support for rooftop installations and ongoing CfD auction.
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