Markets & Policy

A vibrant industry across the Middle East – including manufacturers, wholesalers, and a large number of EPCs and installers – supplies decarbonized electricity to meet growing air-conditioning demand, tapping the region’s abundant sunshine. However, progress toward this vision of a distributed-generation solar market segment and industry in the Gulf region has been slow, according to the president of the Middle East Solar Industry Association (MESIA), Ahmed Nada.

With solar water pumps, farmers have access to high-quality power available for irrigation. These systems are portable and can be assembled at any preferred location. With the growing utilization of these systems, the costs have decreased substantially, making them an efficient, convenient, and cost-effective solution for grid-isolated rural areas. 

The captive solar plant, being developed by Cleantech Solar arm CSE Deccan Solar, will supply 40 million units of electricity per annum to the tyre manufacturer’s Chennai facility. 

Ratings agency Crisil analysts estimate India will have 38-43GW of annual solar module manufacturing capacity by the end of March 2025. Production capacity will be driven by strong domestic demand, favorable government policy, raised module conversion efficiency, and price competitiveness, according to the ratings agency.

Venkataramana Muvvala, who worked with Vikram Solar as business head-EPC, has joined Jakson Group as chief operating officer for the engineering, procurement, and construction (EPC) business.

Global Industry Analysts has predicted the rapid rise of floatovoltaics, a market that is expected to serve areas with land-use concerns.

The state-owned power company, a partner of the International Solar Alliance, will help the Cuban government with developer selection and the signing of project agreements and will oversee solar plant implementation up to commissioning.

Director Nidhi Gupta told pv magazine that the company had signed the agreement to invest INR 500 crore (US$67.2 million) in building a 120 MW solar park in the Bikaner district of the State. The solar park will provide plug-and-play infrastructure for captive solar projects.

While there are still many uncertainties as to the way in which hydrogen trade might evolve and change economic ties and political dynamics between countries, experts agree that green hydrogen can bring winds of change to the global energy arena. According to the International Renewable Energy Agency, significant geoeconomic and geopolitical shifts are just around the corner.

The production-linked incentives scheme for advance-chemistry battery cell manufacturing received an encouraging response with bids received for 2.6 times the 50 GWh manufacturing capacity to be awarded.