An Indian steel manufacturer has signed a 25-year Power Purchase Agreement with Elevate Solar to obtain solar power for its operations. This arrangement aims to reduce the company's carbon footprint and stabilize energy costs. It highlights the trend of Indian industries transitioning to renewable energy to meet sustainability goals.
The 17th Annual Meeting of the New Champions by the World Economic Forum in Dalian, China, focused on "Innovating at Scale". Zhong Baoshen of LONGi discussed decarbonisation through Solar-Plus-Storage integration, addressing challenges like grid absorption and financing disparities. He emphasised the importance of collaboration to enhance clean energy adoption and accelerate climate action.
Meralco, MGEN, and VinEnergo are collaborating on a 2.5 GW renewable energy project in the Philippines to enhance energy security and renewable deployment. Similarly, Novva is acquiring a 120 MWp solar project, while TotalEnergies ENEOS expands solar partnerships in Indonesia. Other projects across Southeast Asia illustrate growing investments in renewable energy.
In California, utility-scale solar generation surpassed natural gas for the first time in early 2026, marking a significant transition in energy production. Solar output increased 21% while natural gas dropped by 60%. This shift, fueled by expanded solar capacity and battery storage, indicates a changing electricity landscape and growing reliance on renewables.
Oman has initiated a RO 5 million community solar energy program, the Imtidad Community Solar Power Stations Programme, to enhance renewable energy use and reduce electricity costs. Managed by the Authority for Public Services Regulation, it aims to benefit low-income households and stimulate local economies through job creation and energy savings, supporting Oman Vision 2040.
The Telangana Electricity Regulatory Commission approved the state's first utility-scale Battery Energy Storage System project, enhancing grid stability and renewable energy integration. The 1,500 MWh capacity project, divided between two substations, follows competitive bidding and involves a 15-year Build-Own-Operate contract, with successful bidders M/s Sarus Infrastructures and M/s Coal India Limited.
The Meghalaya State Electricity Regulatory Commission has initiated proceedings to establish the generic tariff for small hydro power projects for the financial year 2026-27, setting it at Rs. 6.02 per kWh. This covers projects with capacities of 5-25 MW. Stakeholders are invited to provide feedback before finalization.
The Maharashtra Electricity Regulatory Commission approved a one-year power procurement proposal for Maharashtra Industrial Township Limited to buy 10 MW from Ideal Energy Projects Limited at Rs 5.40 per kWh. MITL sought a longer-term agreement but was directed to initiate a competitive bidding process for future needs due to regulatory requirements.
The trading session for green energy and mobility stocks was mixed amid cautious market sentiment in India. While benchmark indices posted slight gains, individual stocks like Borosil Renewables and NTPC Green Energy performed well, whereas battery manufacturers like Exide Industries faced losses. Overall, investors appeared selective without strong sector-specific drivers.
The pursuit of Sustainable Development Goal 7 faces significant challenges, with progress stalling due to economic disruptions. Approximately 655 million people lack electricity, primarily in Sub-Saharan Africa. Funding for clean energy is stagnant, particularly for the poorest nations. Achieving universal energy access by 2030 requires urgent action and investment.
On June 24, 2026, the Indian stock market closed positively, with the S&P BSE Sensex up 1.04% and Nifty 50 up 0.78%. Battery manufacturers like Exide Industries led gains, reflecting investor confidence in renewable energy. However, some companies, including Tata Power, faced declines, resulting in mixed sector performance overall.
In California, utility-scale solar generation surpassed natural gas for the first time in early 2026, marking a significant transition in energy production. Solar output increased 21% while natural gas dropped by 60%. This shift, fueled by expanded solar capacity and battery storage, indicates a changing electricity landscape and growing reliance on renewables.
On June 23, 2026, Indian equity markets fell, with the S&P BSE Sensex decreasing by 1.16 percent and the Nifty 50 by 1.22 percent, driven by widespread selling in the renewable energy and power sectors. Significant losses were noted for major companies, although some stocks, like Sterling and Wilson Renewable Energy, managed to gain.
A report by Ember highlights that Southeast Asia may face delays in connecting power grids due to management and political challenges, not technical ones. ASEAN aims to boost cross-border electricity trade but lacks a cohesive planning framework and faces cost-sharing issues. Recommendations include enhancing regional cooperation and developing a cost-sharing framework.
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As renewable energy expands, traditional power systems are transforming. Conventional synchronous generators provided grid stability, but the rise of solar PV and battery storage, using grid-following inverters, presents challenges. Grid-forming inverters facilitate essential grid functions independently, enabling increased renewable integration while maintaining stability, crucial for future low-inertia power systems.
Midea Energy's PowerX1 offers a flexible home energy storage system, enhancing self-consumption and backup capabilities. ATESS expands microgrid solutions for reliable power access, while KUKA Cable prepares for Intersolar, focusing on advanced solar technologies. M-BAT innovates in battery recycling, and AI transforms solar module performance, driving efficiency and quality.
As residential energy storage evolves from a standalone technology into a key component of the connected home, manufacturers are increasingly focusing on integrated energy...
Odisha has signed a Joint Venture Agreement with NLC India Renewables Limited to boost its renewable energy sector, targeting 1000 MW capacity. Spearheaded by Chief Minister Mohan Charan Majhi, the initiative emphasizes wind and solar projects. This move aims to enhance energy security, attract investments, and support sustainable industrial growth in the state.
