ICRA, an Indian credit rating agency, says India could add 22 GW of solar capacity in fiscal 2025 and 27.5 GW in fiscal 2026, pushing the nation’s total installed PV capacity to 131.5 GW by March 2026, up from 82 GW as of March 31, 2024.
Benin has started construction of the 25 MW Forsun PV plant, which is set to join the Defisol and TTC projects to expand the Illoulofin Solar Power Station’s total capacity to 75 MW. The government said the project is backed by a $25.8 million investment.
Grenada is seeking an independent power producer (IPP) to build and operate a 15.1 MW utility-scale PV project for 25 years. The plant, planned near Maurice Bishop International Airport, will supply about 40% of the island’s peak load.
The Asian Development Bank (ADB) has agreed on a $160 million financing package for two solar projects in southeastern Azerbaijan, totaling 760 MW. Abu Dhabi-based Masdar is co-developing the project with a subsidiary of State Oil Company of Azerbaijan (Socar).
Payments to farmers and landholders hosting large-scale renewable energy projects across Australia’s main electricity grid are expected to top AUD 1 billion ($651.2 million) by 2030 and could reach up to almost AUD 10 billion by 2050.
Lithuania has decided to tighten its cybersecurity laws, banning manufacturers from countries deemed national security threats, including China, from remotely accessing management systems of solar, wind, and storage facilities. The European Solar Manufacturing Council has backed the move.
Burgerland Energie says it is building a 164 MW tracker-based agrivoltaic facility near Tadten-Wallern on Lake Neusiedl, southeastern Austria.
Investment in large-scale renewable energy generation continues to trend upwards in Australia with more than 1.4 GW of new solar and wind projects, worth $3.3 billion, reaching financial commitment in the third quarter of 2024.
Scientists in Switzerland have created a system-dynamics model for the adoption of PV and heat pumps in Swiss residential buildings up to 2050. They have examined several scenarios to see how the incentive for PV affects heat pump adoption and the other way around, and they have concluded that strong regulatory changes are necessary to completely decarbonize the residential sector.
China Three Gorges Corp. has nearly completed a 180 MW offshore solar plant, designed for typhoon resistance, off the coast of China.
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