News

The world is projected to retire over 11 million tonnes of lithium-ion batteries each year by 2030. India may contribute nearly 2 million tonnes by 2030, not only due to electric vehicles, but also because of an exponential level of consumption of consumer electronics and stationary storage.

A consortium of France’s Engie and the UAE’s Masdar has been selected to develop the 1.5 GW Khazna solar PV project located near Abu Dhabi. The project is expected to reach financial close before the end of the year.

ACME Group and Vietnam’s Stavian Industrial Metal have executed a binding term sheet for long-term sale and purchase of 0.8 MTPA of green HBI (Hot Briquetted Iron) and DRI (Direct Reduced Iron)—two critical raw materials used in steelmaking—for a period of ten years.

To help importers vet compliance with the Uyghur Forced Labor Prevention Act and other supply chain traceability requirements, the Solar Energy Industries Association released the Standard 101, which was recently approved by the American National Standards Institute.

South Korea’s OCI Holdings is entering the solar wafer business with a majority stake in a wafer plant in Vietnam valued at $120 million. The facility will produce solar wafers for the U.S. market.

Despite a nearly fourfold increase in applications between March 2024 and July 2025, only 13.1% of the target of one crore (10 million) residential rooftop solar installations had been achieved, and just 14.1% of the allocated INR 65,700 crore ($7.5 billion) in subsidies released under the PM Surya Ghar: Muft Bijli Yojana as of July 2025. Given this context, achieving the FY2027 target of 30 GW capacity remains a considerable challenge, according to a new report by IEEFA and JMK Research.

India added 29.5 GW of solar capacity in the first nine months of 2025, including about 22.5 GW from utility-scale, 5.8 GW rooftop, and 1166 MW offgrid installations.

The Chinese government has introduced new export controls on key dual-use items, citing national security concerns. The move opened a new chapter in the ongoing trade confrontations with the US.

Hinduja Renewables Energy Pvt Ltd (HREPL), part of Hinduja Group, has appointed Deepak Thakur as managing director and chief executive officer, effective from October 1, 2025.

Kosol Energie, led by chairman & managing director, Kalpesh Kalathia, has committed an investment of INR 52,000 crore for solar manufacturing expansion and setting up R&D facilities and integrated renewable energy parks in the Indian state of Gujarat.