Governments worldwide are enacting policies that encourage investment in green technologies. As businesses recognise the long-term benefits of transitioning to renewable sources, private capital is increasingly flowing into innovative projects that promise sustainable returns.
Bridge And Roof Co. (India) has invited bids for selection of a sub-contractor to set up a 100 MW solar plant on a turnkey basis in Rajasthan.
Global renewables capacity grew by a record 585 GW in 2024, with solar accounting for 452 GW, according to the International Renewable Energy Agency (IRENA). Solar and wind together made up 96.6% of the increase.
AMPIN Energy Transition has secured an investment of $50 million from Siemens Financial Services, the financing arm of Siemens AG, to scale its renewable energy portfolio in India.
The 245 MW capacity is part of the 735 MW Nokh solar PV project in Jaisalmer.
BluPine Energy has secured INR 1,787 crore from the National Bank for Financing Infrastructure and Development (NaBFID). The funding will allow it to optimize cost structure and expand renewable portfolio.
Digital adoption across the renewable energy value chain reveals a stark imbalance. Operations and maintenance (O&M) has embraced digitalization most enthusiastically, with SCADA systems and IoT-enabled devices revolutionizing efficiency through real-time monitoring and resource optimization. However, engineering, procurement, and construction (EPC) processes remain surprisingly under-digitized despite their critical importance.
The solar EPC solutions provider also plans to expand its footprint to international markets in renewable energy sector.
BloombergNEF reports the world installed nearly 600 GW of solar power in 2024, closely aligning with projections that annual global solar installations will surpass 1 TW within the next few years. Although projections for 2025 currently fall short of that pace, early forecasts often underestimate actual deployment.
Solar dominates project queues through 2028, said data from the Federal Energy Regulatory Commission (FERC).
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