Markets India's solar module manufacturing capacity has reached 233 GW, significantly exceeding the estimated 30-40 GW annual domestic demand. Industry leaders warn that low utilization rates and a skewed supply chain ratio threaten the sector's sustainability.
Storage Australia’s battery storage landscape is shifting from one-hour systems to multi-hour durations, with the Limondale project reaching eight hours. Simultaneously, developers are moving beyond lithium-ion toward sodium and nickel-hydrogen technologies to support longer discharge times and improved safety profiles.
Finance Borosil Renewables reported a 11.7% year-on-year rise in Q2 FY2027 profit to Rs. 68.78 crore, alongside a 4.7% revenue increase. The company’s chairman highlighted a significant gap between current solar glass manufacturing capacity and projected domestic demand.
Policy India has no single forecasting specification for utility-scale solar: CERC and the national and regional load despatch centres set rules for interstate-connected plants, while state regulators and SLDCs govern intra-state projects, Reuniwatt's Hannah Bergler writes in pv magazine. Deviation settlement is the main commercial risk, and CERC lists a March 31, 2026 order setting the value of 'X' for wind and solar sellers from April 1, 2026.
Policy An IESA report states that India’s 500 GW renewable energy target depends on scaling long-duration energy storage (LDES) to manage grid constraints. The report highlights a significant gap between India’s current battery capacity and its FY2027 requirement, identifying viability gap funding as a key enabler.
Wind The Ministry of Climate, Energy and Environment has launched a 2.2 GW offshore wind tender covering the second half of 2026, bringing the total annual bidding volume to 4 GW. Price ceilings for both fixed and floating types have been reduced slightly from the first half of the year.
Finance First Solar posted a 58% gross margin and $571 million of Q3 2026 net income, up 25% year on year, even as net sales fell 23% to $1.23 billion. It cut its 2026 volume forecast to 16-17 GW and net sales guidance to $4.6-4.9 billion, and authorised a $500 million buyback.
Solar U.S. solar module production capacity has surpassed 100 GW, a milestone achieved through an estimated $21 billion in capital expenditure over five decades. Industry leaders discuss the challenges of maintaining profitability and quality as the sector navigates workforce training and supply chain integration.
Finance Enova has awarded NOK 3.94 billion to two developers for a four-turbine demonstration project in Karmøy. The initiative aims to prove the commercial viability of 18.5 MW floating turbines over the next five years.
Storage The state aims to deploy 2.5 GW/10 GWh of battery energy storage, with TNPDCL procuring the first phase via competitive bidding. Existing renewable energy substations must add 10% BESS capacity with four-hour discharge by FY 2028–29.
Markets Researchers from the University of New South Wales and Gdansk University of Technology assessed three recycling pathways for frameless glass-glass solar modules, finding that targeted fractionation reduces environmental burdens compared to whole-module treatment. While all scenarios yielded positive operational margins, the most intensive recycling method achieved the lowest processing burden, though it recovered less material value than simpler thermal and chemical approaches.
Solar ENGIE has brought two new solar plants totaling 450 MW into operation in India, located in Barmer and Khavda. The projects are expected to generate nearly 1 TWh of electricity annually while avoiding significant carbon emissions.
Finance JM Financial cut Suzlon Energy to 'Add' from 'Buy' and lowered its target price to ₹40 from ₹46 after the company trimmed its FY27 EBITDA margin guidance, citing a limited Indian wind market and rising competition. Suzlon shares fell more than 7% intraday, while the brokerage kept its 'Add' rating on IEX.
Finance Nextpower posted record second-quarter revenue of $1.1 billion, up 23% year-on-year, driven by growth in energy storage and power conversion. The company raised its full-year revenue guidance to $4.2-4.45 billion and highlighted a debt-free cash position exceeding $1 billion.
Policy Italy’s Council of Ministers rejected ten solar and agrivoltaic projects totaling 468 MW while approving five projects for 272 MW. The government stated that the protection of landscape and cultural heritage prevailed over increased renewable energy production.
Markets New analysis from Intertek CEA projects that US solar module prices could recover to between $0.34/W and $0.38/W following recent policy shifts. The firm estimates that current domestic inverter capacity aligns with projected 2028 demand for photovoltaic and battery storage systems.
Markets Daqo New Energy plans to enter energy storage and power equipment by 2027 after Q3 revenue fell year-on-year. China’s solar additions dropped 54% in the first nine months of 2025, prompting industry forecasts of a global decline in 2026.
Markets A new market update from Data Centres Australia forecasts that Australia’s data centre capacity will reach 3.9 GW by 2030, driven by 97 new planned facilities. The report notes that the total operational capacity forecast is 20% higher than figures released in April, reflecting a doubling of capacity currently under construction.
Finance Neoen has secured $A1.8 billion in new debt finance from a consortium of major banks to fund its expansion in Australia. The transaction supports the company's goal of reaching 10 GW of installed capacity by 2030, following its acquisition by Brookfield Asset Management.
Policy Australia's appeal to global offshore wind investors is at a 'tipping point' even after Victoria opened its 2 GW Gippsland auction in August, Iberdrola Australia's Jim Rijks told the All Energy 2026 conference. Victoria is relying on the federal Electricity Services Entry Mechanism, due for ministerial approval by the end of this year.
Markets The ERM estimates that 62 TWh of renewable energy will be contracted by corporates, retailers, and data centres by 2032. Meanwhile, 2026 corporate PPA deals have reached 6 GW, with battery storage involved in the majority of transactions for the first time.
Solar Solid Solar has commissioned a 20 MWp solar facility in Uttarkashi, Uttarakhand, utilizing Gautam Solar’s n-type TOPCon bifacial modules. The project overcame significant logistical hurdles in a remote, high-altitude Himalayan location.
Policy U.S. Customs and Border Protection has released solar cell shipments from Toyo Co.’s Ethiopian facility, resolving a detention from late May. The release occurs as the Department of Commerce continues a country-wide inquiry into solar products using Chinese components.
Finance Solar tracker maker Nextpower reported record quarterly revenue of $1.11 billion and raised its fiscal 2027 guidance, while Enphase's Q3 revenue fell 28.5% year on year as residential solar weakened after the Section 25D credit ended. Tesla's storage revenue fell 16% despite 13.7 GWh of deployments.
Storage A new RMI report quantifies the grid reliability benefits of utility-scale batteries in California and Texas, noting their significant output during peak demand periods. The study also projects that battery storage will generate over $440 million in annual local tax revenue by 2026 and yield substantial public health savings by displacing gas peaker plants.
Solar Italian ground-mounted solar installations occupied 2,798 hectares in 2025, a significant increase from the previous year according to ISPRA data. This expansion accounted for 27% of the total land consumed in Italy that year.
Solar Western Australia is seeking public input on a technical standard that would classify plug-in solar and battery systems as ordinary electrical appliances, allowing renters and apartment dwellers to adopt them. The proposal, based on a German model with local modifications, limits output to 2 kW DC and restricts battery chemistries to lithium iron phosphate or sodium-ion.
Markets Standalone solar PPA prices in Spain dropped to €30.93/MWh in Q3 2026, a 7.7% decline year-on-year. Meanwhile, hybrid PPA prices rose 6.8% quarter-on-quarter as operational assets gained market share.
Policy The UK government has confirmed the continuation of the Boiler Upgrade Scheme despite a significant budget reduction, while introducing new loan mechanisms to support residential solar adoption. Additionally, a value-added tax on home solar and battery storage will take effect in 2027.
Policy PJM Interconnection has launched a stakeholder process to reform Surplus Interconnection Service rules, which would allow existing power plants to add batteries using current grid connections. The move aims to accelerate storage deployment to address grid congestion and high electricity prices driven by data center demand.
Finance ACME Solar Holdings reported a 133.5% year-on-year increase in Q2 FY27 profit after tax, reaching ₹269 crore, driven by an 89.6% rise in revenue from operations. The company also raised its 2030 renewable energy capacity target to 15 GW and expects to commission over 12 GWh of battery storage in FY27.
PM Surya Ghar: eligibility, subsidy and how to apply
ALMM explained: List-I modules, List-II cells and the 2028 wafer rule
Maharashtra rooftop solar subsidy: PM Surya Ghar, the SMART scheme and MSEDCL net metering
Rajasthan rooftop solar subsidy: PM Surya Ghar, the ₹17,000 state top-up and 150 free units
Gujarat rooftop solar subsidy: PM Surya Ghar, what happened to SURYA Gujarat, and GERC net metering
Tamil Nadu rooftop solar subsidy: PM Surya Ghar plus the new state top-up, and TNERC net metering
Andhra Pradesh rooftop solar subsidy: free plants for SC/ST homes, BC top-up and APERC net metering
Telangana rooftop solar subsidy: Gruha Jyothi solar plan, PM Surya Ghar and TGERC net metering
Madhya Pradesh rooftop solar subsidy: PM Surya Ghar, MPERC’s 2026 fee waiver and net metering rules
Odisha rooftop solar subsidy: up to ₹1,38,000 with the state top-up, and OERC’s net metering rules
