India adds 20 GW of solar in 12 months to October
Indian PV developers installed 20 GW of solar in the 12 months to October, bolstered by a strong project pipeline. SBI Capital Markets projects 50 GW of combined solar and wind capacity additions in fiscal 2025 and 2026.
Pexapark records 29 European PPAs for 1,227 MW in October
Pexapark, a Switzerland-based provider of market intelligence for renewable energy, says European developers signed 29 power purchase agreements (PPAs) totaling more than 1.2 GW in October.
Italy adds 1.74 GW during Jan-Oct, reaches record 12 GWh of energy storage
From January to the end of October 2024, Italy added 1.74 GW of storage system projects.
Solar hits 50 GW milestone in Brazil
Brazil reached the 50 GW solar mark by the end of October, with 33.5 GW of distributed solar and 16.5 GW of utility-scale PV, according to new data from Brazilian PV association ABSolar.
Japan’s 22nd solar auction concludes with lowest bid of $0.049/kWh
Japan has allocated 56.4 MW of PV capacity in its latest procurement exercise. The lowest bid came in at JPY 7.5 ($0.049)/kWh, while the average final price was JPY 8.17/kWh.
More than 19 GW of solar projects set for implementation in Poland
Poland’s Institute for Renewable Energy (IEO) says that building permits have been issued for nearly 1,500 solar projects totaling over 12.3 GW. Some of these projects may secure authorization in Poland’s upcoming renewables auction, set for December.
DMEGC Solar energizes 940 MW solar-fishery project
The 940 MW solar installation, deployed above fish ponds to create a complementary fishery-pv project, features over 1.9 million of DMEGC’S infinity series n-type solar modules.
Azerbaijan awards 100 MW of solar with lowest bid of $0.0354/kWh
China’s Huantai Energy Co., Ltd. has secured a contract to build 100 MW of solar in eastern Azerbaijan, after submitting the lowest bid of $0.0354/kWh in the country’s first renewables auction.
China issues stricter investments rules for PV manufacturing
China has tightened investment rules for PV manufacturing, raising the minimum capital ratio for starting projects from 20% to 30%, according to new standardized guidelines announced by the government.
Gautam Adani indicted in US for alleged solar-related bribery scheme
Gautam Adani faces an indictment in the United States over claims it led a scheme to bribe Indian officials to secure multibillion-dollar solar contracts. The charges allege the group concealed its actions while seeking capital from US and global investors.
