Thursday, May 14, 2026

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INOX India Limited Reports Record FY26 Revenue Growth as Clean Energy and LNG Infrastructure Orders Drive Global Expansion

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INOX India Limited reported record revenues for Q4 FY26, with ₹475 crore in revenue, a 24.2% increase from the previous year. The annual revenue reached ₹1,632 crore, up 21.2% year-on-year. Key growth areas included LNG infrastructure, aerospace, and exports, which constituted 61% of quarterly revenue. The Board recommended a ₹2 dividend per share.

AMERICAS

Inox Clean Energy Limited Acquires Boviet Solar Technology LLC Assets to Build 6 GW U.S. Solar Manufacturing Platform

Inox Clean Energy Limited has acquired U.S.-based Boviet Solar Technology LLC's assets through its subsidiary, Inox Solar Americas LLC, expanding into the U.S. solar manufacturing market. The deal includes a 3 GW operational facility and another 3 GW expected by 2026, valued at around USD 750 million, aiming for a significant renewable energy presence.

Clearway Energy Group Commissions 320 MW Honeycomb Energy Center, Strengthening Utah’s Grid And Expanding Its State Portfolio

Clearway Energy Group has launched the 320 MW Honeycomb Energy Center in Utah, a $600 million battery storage project that enhances the local power grid and economy. It includes four 80 MW systems, provides reliable energy, creates jobs, and benefits the community through tax revenues, local hiring, and a donation to support homelessness initiatives.

SolarEdge Technologies Reports Q1 2026 Results With $310.5 Million Revenue And 46% Year-On-Year Growth Momentum

SolarEdge Technologies reported Q1 2026 financial results, showing 46% year-over-year revenue growth, totaling $310.5 million, despite a 7.4% quarter-over-quarter decline. The company achieved profit improvements, with expectations of near break-even operating profitability by mid-Q2. SolarEdge is focusing on its Nexis platform and AI-based energy solutions.

DP World Commissions 5.1 MW Solar Plant at Dominican Republic Logistics Hub to Advance Decarbonization Goals

DP World has launched a solar power facility at its logistics hub in the Dominican Republic, aiming to cut carbon emissions and enhance sustainable logistics. The 5,120 kW installation is projected to lower annual emissions by over 3,500 tons, supply 10% of the terminal's electricity, and reduce fossil fuel dependency by nearly 15%.
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INDIA AND SOUTH ASIA

GK Energy Reports 40% Revenue Growth in FY2025–26 Amid Expansion of Decentralised Renewable Energy Projects Across India

GK Energy reported robust FY2025–26 results, with revenues rising 40% to ₹1,532.54 crore and profit after tax up 51.1% to ₹201.27 crore. The company deployed over 61,000 renewable systems, significantly enhancing its financial position. GK Energy emphasizes growth through government initiatives and a scalable, decentralized operational model for clean energy in rural India.

AXITEC Energy India Pvt. Ltd. Supplies Modules for 120 kW Commercial Solar Project in Tamil Nadu with UNO Power and Mahameru Impex Private Limited

AXITEC Energy India Pvt. Ltd., via partner UNO Power, has supplied solar modules for a 120 kW installation by Mahameru Impex in Coimbatore, Tamil Nadu. Utilizing AXITEC’s high-efficiency G12R modules, the project aims to enhance renewable energy adoption, reduce carbon emissions, and improve sustainability in India's commercial sector.

CERC Restores 400 MW Renewable Energy Project Connectivity In Madhya Pradesh

The Central Electricity Regulatory Commission (CERC) ruled in favor of ACME Cleantech Solutions in a dispute with Central Transmission Utility of India Limited (CTUIL) regarding a 400 MW renewable energy project. The CERC reinstated ACME's connectivity status, allowing its switch from solar to wind power, amidst administrative delays from CTUIL.

GERC Notifies Grid-Interactive BESS Regulations 2026 To Strengthen Renewable Energy Integration In Gujarat

The Gujarat Electricity Regulatory Commission has introduced the Grid Interactive Battery Energy Storage System Regulations, 2026, to enhance grid reliability and support renewable energy integration. The framework allows various deployment models, covers project registration procedures, and emphasizes safety and compliance, facilitating both competitive procurement and consumer participation in energy storage.

EUROPE

FTC Solar: Setting a New Standard in Utility-Scale Solar with the 1P Pioneer Tracker

FTC Solar is positioning itself as a leader in the utility-scale solar sector by addressing challenges like installation delays and rising costs. Its 1P Pioneer tracker enhances efficiency and adaptability, providing tailored solutions for clients. Backed by strong customer support and integrated digital tools, FTC Solar aims to optimise project performance and lifecycle management.

European Energy’s Kassø Power-To-X Plant Converts E-Methanol Into Gasoline, Demonstrating A Major Step Toward Low-Carbon Fuel Production

E-methanol from Denmark's Kassø Power-to-X facility has been successfully converted into gasoline, showcasing its viability as a renewable feedstock for traditional fuels. With significant potential for reducing greenhouse gas emissions, this e-methanol production supports various industries while facilitating the adoption of renewable fuels in existing infrastructure.

British Solar Renewables Acquires 56 MWp Berden Solar Farm in Essex to Expand UK Clean Energy Portfolio

British Solar Renewables has acquired the consented Berden Solar Farm near Bishop’s Stortford, Essex, adding a 56 MWp solar project to its portfolio. Scheduled to generate nearly 60 GWh of clean electricity annually, it has secured a 20-year Contract for Difference. The project supports the UK's renewable energy transition and agricultural practices.

AFRICA

South Africa’s NERSA Approves Free Basic Electricity Rate For 2026/27 To Support Low-Income Households

The National Energy Regulator of South Africa (NERSA) approved a National Free Basic Electricity (NFBE) rate of 238.60 cents per kilowatt-hour for the 2026/27 financial year, effective from July 1, 2026. The program aims to help low-income households, but faces implementation challenges, prompting the establishment of a review panel for improvement.

African Rainbow Energy Expands Control In SOLA Group With 83% Stake In South Africa

African Rainbow Energy (ARE) has increased its stake in the SOLA Group from 41% to 83%, gaining majority control and enhancing its influence in South Africa's renewable energy market. This acquisition, valued at over R20 billion, positions ARE as a key player in developing sustainable energy solutions, supporting the country's transition to low-carbon initiatives.

Redefine Properties Expands South Africa Solar Capacity To 62.23 MWp With Renewable Energy Push

Redefine Properties is enhancing its renewable energy efforts by increasing its solar power capacity to 62.23MWp, a 7.2% rise from last year. The majority comes from retail sites, contributing nearly 48MWp. The company is also utilizing energy wheeling, with plans for further expansion, promising significant savings and reduced carbon emissions.

Guinea Awards 50 MW Solar Project to Strengthen Clean Energy and Grid Infrastructure

Guinea is launching a major renewable energy initiative with a contract for a 50 MWp solar photovoltaic power plant in Kindia, valued at €192 million. Developed by VINCI Energies Guinea, this project aims to diversify energy sources, enhance infrastructure, create jobs, and integrate solar with existing hydroelectric resources, promoting sustainable energy growth.

THE MIDDLE EAST

Kuwait Nears Decision On Major 1.1 GW Solar Power Project

Kuwait is progressing in its clean energy transition with a 1.1 GW solar power project set for announcement in June 2026. The project, essential for enhancing renewable energy capacity and reducing fossil fuel reliance, follows a tender process involving major global companies. This initiative supports Kuwait’s goal of achieving net-zero emissions by 2060.

Larsen & Toubro Secures ₹1,000–2,500 Crore Middle East EPC Orders For High-Voltage Substations

Larsen & Toubro has secured significant EPC orders for its Power Transmission & Distribution business in the Middle East, involving the construction of vital substations to enhance electricity reliability amid rising power demand. These contracts, valued at ₹1,000 to ₹2,500 crore, underline L&T's global presence and commitment to modern energy infrastructure.

Dubai Electricity and Water Authority PJSC Posts Record Q1 2026 Results as Clean Energy Reaches 18.5% of Dubai’s Power Mix

Dubai Electricity and Water Authority (DEWA) reported record financial results for Q1 2026, with revenues of AED 6.45 billion, an 8.18% annual increase. Net profit surged 90% to AED 0.94 billion, driven by high demand and strong operational performance. DEWA also expanded its renewable energy capacity, supporting Dubai’s sustainability goals.

ACWA Power Reports Strong Q1 2026 Growth With SAR 455 Billion Assets Under Management

ACWA Power reported strong Q1 2026 financial and operational performance, with total assets at SAR 455 billion. The company made significant progress in renewable energy and green hydrogen projects, leading to stable net profit growth. ACWA Power focuses on sustainability, innovation, and expanding its global presence under Saudi Arabia’s Vision 2030 program.

SOUTH EAST ASIA

Department of Energy Directs National Grid Corporation of the Philippines and Power Firms to Restore Grid Stability After Luzon and Visayas Outages

Department of Energy Secretary Sharon S. Garin has directed the National Grid Corporation of the Philippines to resolve transmission issues causing power plant disruptions in Luzon and Visayas. Following significant outages, the DOE is monitoring recovery efforts, with instructions to expedite restoration operations and coordinate with utilities to mitigate consumer impact.

GHD Named Owner’s Engineer for TotalEnergies-Backed 440 MWp Philippines Solar Project

GHD has been appointed as the Owner's Engineer for a 440 MWp solar power project in Ilagan City, Philippines, developed by TotalEnergies and Nextnorth. Spanning 330 hectares, it aims to support the country's renewable energy goals, facilitating sustainable energy infrastructure and ensuring high execution standards through various engineering and supervisory roles.

South Korea Eyes Renewable-Powered Port Electrification To Achieve Net-Zero Maritime Goals

As the International Maritime Organization aims for net-zero emissions by 2050, South Korea is focusing on port electrification to transform ports into energy centers. This strategy could reduce maritime emissions if renewable energy sources are utilized effectively. Challenges include centralized electricity management and a lack of data on port energy demand. Legal reforms and pilot projects for electric vessels are recommended to enhance clean energy integration and port modernization.

Green Finance Week: Asia 2026 Concludes with Resounding Success, Driving High-Impact Conversations on Clean Energy Finance

Green Finance Week: Asia 2026 concluded successfully in Singapore, attracting over 100 decision-makers and expert speakers. The event focused on green finance and energy transition, highlighted by keynote insights on institutional capital's role in clean energy. Discussions addressed key themes and showcased awards for excellence in sustainability and innovation across the sector.

FROM ACROSS THE GLOBE

GERC Approves Tariffs For 335 MW/670 MWh Battery Energy Storage Project In Gujarat

The Gujarat Electricity Regulatory Commission approved tariffs for a 335 MW/670 MWh Battery Energy Storage System project on May 8, 2026, enhancing grid stability amid rising renewable energy. The competitive bidding attracted six firms, with Advait Energy winning. This initiative supports state energy targets and emphasizes the need for efficient storage by 2030.

Chhattisgarh State Electricity Regulatory Commission Proposes Renewable Energy Generic Tariffs For FY 2026-27

The Chhattisgarh State Electricity Regulatory Commission has proposed draft generic tariffs for renewable energy projects for FY 2026-27, including Rs. 3.40 per unit for solar PV and varying rates for small hydro. The draft encourages public feedback and outlines financial assumptions and performance norms for various technologies, with a public hearing scheduled.

Tata Power Renewable Energy Limited Installs Ladakh’s First Commercial 50 kWp Rooftop Solar System at Hotel Barath, Leh

Tata Power Renewable Energy Limited has launched Ladakh's first commercial rooftop solar project at Hotel Barath, enhancing sustainable tourism and clean energy. This initiative, developed with Silk Route Energy over five years, serves as a model for renewable energy in the hospitality sector and supports Ladakh's goal of carbon neutrality.

Uttar Pradesh Energy Expo 2026 Powers India’s Clean Energy Momentum with Industry Recognition, Innovation & Collaboration   

The Uttar Pradesh Energy Expo 2026 (UPEX 2026), held from May 7 to 9, attracted over 10,000 stakeholders in the clean energy sector, emphasizing the state's role in India's renewable transition. The event featured over 150 exhibitors, 200 speakers, and awarded excellence in renewable energy, fostering collaboration and innovation in the sector.

INSIGHTS

South Korea Eyes Renewable-Powered Port Electrification To Achieve Net-Zero Maritime Goals

As the International Maritime Organization aims for net-zero emissions by 2050, South Korea is focusing on port electrification to transform ports into energy centers. This strategy could reduce maritime emissions if renewable energy sources are utilized effectively. Challenges include centralized electricity management and a lack of data on port energy demand. Legal reforms and pilot projects for electric vessels are recommended to enhance clean energy integration and port modernization.

India Adds Over 18 GW Solar Capacity In 2026 As Total Installed Solar Base Crosses 154 GW

India's renewable energy sector is experiencing significant growth in 2026, particularly in solar energy, which now accounts for 67.7% of the total renewable capacity. The country added about 18.426 GW of solar capacity in the first four months alone. Together with wind energy, renewables now exceed 227 GW, aiding India's clean power goals.

Vietnam Strengthens Power Security With Renewables, BESS, And Grid Expansion Ahead Of 2026 Dry Season

Vietnam is proactively addressing potential electricity shortages for the 2026 dry season due to rising demand and global fuel challenges. To enhance energy security, the government is promoting renewable energy, rooftop solar systems, and battery storage initiatives, while also accelerating power infrastructure projects and targeting a reduction in national electricity consumption.

Egypt’s Solar PV Capacity Set To Surge To 34.3 GW By 2035 – Report

Egypt is advancing towards a cleaner energy future, focusing on solar power which is projected to rise from 2.9 GW in 2025 to 34.3 GW by 2035. Total renewable capacity is expected to reach 49.7 GW, supported by regulatory reforms and investments. Nuclear energy and battery storage also play crucial roles in enhancing energy stability and security.

IN CONVERSATION

Egypt and North Africa: At the Heart of the Solar Revolution – Hossam Hassan, Sr. Sales Manager North Africa

1. From your perspective, what makes North Africa and Egypt a strategic region for solar energy, and what major trends are currently driving growth...

Tiger Neo 3.0 is Not Just an Upgrade, It’s a New Standard for West Africa – Esther Eyenobong (Sales Manager – West Africa) on...

At the Jinko ESS product launch in Nigeria in November 2025, Jinko Solar introduced its flagship N-type innovation, the Tiger Neo 3.0. Sales Manager...

Driving Solar Efficiency: AI-Powered Monitoring and Affordable SCADA Solutions – Ashok D M,  Founder, CEO & MD EnerMAN Technologies Pvt Ltd

EnerMAN Technologies offers IoT-based AI/ML SCADA solutions; what key innovations define your latest solar monitoring products? EnerMAN IoT SCADA (ETi-SOL), a web and mobile application...

Gokin Solar Strengthens Middle East Presence with High-Performance TOPCon Solutions – Hasan Alkarawi, Regional Manager

In this exclusive interaction, Mr. Hasan Alkarawi, Regional Manager at Gokin Solar, shares insights into the company’s rapid growth in the Middle East, its...

JinkoSolar’s Saudi Odyssey: Decades of Innovation and the Road to Vision 2030 – Robin Li, General Manager (MEA&CA)

As JinkoSolar celebrates its 20th Anniversary, how do you reflect on your growth journey in Saudi Arabia and the key milestones that strengthened your...

RenewX 2026: A Decade of Powering South India’s Green Revolution – Julian Thomas, Portfolio Director (Energy & Battery Industry – India), Informa Markets

Over the past decade, how has RenewX Expo reflected the evolving renewable energy market in South India and highlighted key trends for India and...
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UPCOMING EVENTS

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Technology

Weekly Tech Newsletter: Innovations Shaping the Future of Renewable Energy

The increasing integration of renewable energy presents challenges in managing grid stability and curtailment. Solutions like energy storage, smart control technologies for EV charging, and innovative hydrogen production methods are being developed to enhance efficiency and flexibility. Initiatives such as containerised energy storage and monitoring for floating solar systems aim to optimise performance and reliability.

Explained – The Technical Reality of Renewable Energy Curtailment and Grid Balancing Challenges

India's rapidly growing renewable energy sector faces challenges due to inadequate transmission and grid infrastructure. Recent curtailment incidents, such as ReNew’s scaling back generation, highlight the issue of balancing variable renewable output with demand. Solutions involve modernising the grid, enhancing transmission capacity, and incorporating energy storage and forecasting technologies.

Intelligent Control Technology Could Transform Solar-Powered EV Charging

Researchers at the National University of Singapore have developed a coordinated control method for ultra-fast EV charging powered by solar energy, eliminating the need for battery storage systems. This approach addresses the challenges of balancing solar generation, EV demand, and grid stability, potentially reducing installation costs for charging infrastructure by up to 10%.

New Chip-Based Electrochemical Technology Could Fast-Track Clean Fuel and Hydrogen Development

Researchers from the University of Surrey have developed a breakthrough "lab-on-a-chip" electrochemical platform that enhances the efficiency of renewable-powered carbon conversion technologies. This innovation enables real-time monitoring and AI analysis of chemical processes, aiming to convert COâ‚‚ into valuable fuels and chemicals, significantly contributing to clean energy advancements.

Explained – Degradation Uncertainty In Floating Solar PV Systems: Key Challenges And Performance Risks

Floating solar photovoltaic (FPV) systems are increasingly popular but face significant degradation uncertainty due to their unique operating environment. Factors such as high humidity, thermal cycling, biofouling, mechanical stress from water movements, and soiling patterns complicate performance predictions. Enhanced monitoring and tailored solutions are crucial for long-term efficiency and reliability.

AUSTRALIA

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Cleantech Solar has partnered with Sona Comstar to supply solar energy through an open-access model in Tamil Nadu. This move supports Sona Comstar’s sustainability goals and reflects a growing trend of renewable energy adoption in India’s manufacturing sector. Tamil Nadu’s favorable environment enhances the shift towards sustainable energy practices among industries.

Weekly Tech Newsletter: Innovations Shaping the Future of Renewable Energy

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