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UPEX 2026

SolarPower Europe Reports That Public Energy Auctions And Corporate PPAs Delivered 92 GW Of Solar In The EU Between 2022 And 2025, Supplying 28...

S.S. Dev -
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A recent report highlights that public energy auctions and corporate power purchase agreements contributed 92 GW of new solar energy installations in the EU from 2022 to 2025, enough for 28 million households. However, challenges persist, including declining auction performances and varied corporate PPA success across Europe. Enhanced auction designs and integration of storage solutions are recommended for continued solar growth and energy stability.
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AMERICAS

News

Actis Completes Sale Of Orygen, Peru’s Second-Largest And Most Diversified Power Producer, To Grupo Romero’s InfraCorp Platform

Actis has sold Orygen, a major Peruvian power generation company, to Grupo Romero through InfraCorp. Under Actis, Orygen became Peru's second-largest generator and expanded its renewables portfolio significantly. Strategic investments improved its operations and financial standing, including a record $1.2 billion bond issuance, allowing a successful exit for Actis.
News

European Investment Bank approves Up To USD 95 million To Finance ATOME PLC’s Villeta Green Hydrogen Fertiliser Plant In Paraguay

The European Investment Bank is financing up to USD 95 million for ATOME’s Villeta Green Hydrogen Fertiliser Plant in Paraguay. This facility aims to produce low-carbon nitrogen fertilisers using green hydrogen, enhancing regional food security and reducing emissions. The project supports sustainable development, economic diversification, and cooperation between the EU and Latin America.
News

SunPower Inc. completes Integration Of Sunder Energy, Marking A Major Step In Its Long-Term Operational Growth Strategy

SunPower Inc. has successfully integrated Sunder Energy as part of its growth strategy, utilizing a structured stage-gate methodology. This detailed process, led by CEO T. J. Rodgers, involved 311 tasks across multiple departments and ensures successful acquisitions by enhancing operations and minimizing risks. Future integrations with Ambia and Cobalt are also planned.
News

U.S. Department of Energy Announces $1.9 Billion Funding Opportunity to Accelerate Grid Modernization

The U.S. Department of Energy has launched a $1.9 billion funding opportunity through its SPARK program to enhance the national power grid. This initiative aims to increase grid capacity and efficiency by promoting reconductoring and advanced transmission technologies to meet rising electricity demand, reduce costs, and ensure reliability for consumers.
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INDIA AND SOUTH ASIA

News

Top Stories Of The Day: Draft Consumer Rights Rules Boost Solar & Storage; CERC Clears ₹11.88 Cr Solar Compensation and More…

India is making significant advancements in renewable energy through various initiatives, such as draft amendments to consumer rights, compensation approvals for solar projects, and major acquisitions to enhance transmission infrastructure. With notable investments in solar capacity and energy storage, India aims to accelerate clean energy adoption and efficiency across the sector.
News

Advait Energy Transitions Launches 30 MW Electrolyzer Facility To Support India’s Green Hydrogen Mission

Advait Energy Transitions Limited inaugurated a new alkaline electrolyzer assembly facility in India on March 13, 2026. With an initial capacity of 30 MW, this facility is part of a larger plan to build a 300 MW manufacturing complex, supporting India's green hydrogen ecosystem and aligning with national climate commitments.
News

P3C Technology and Solutions Launches Perovskite Validation Platform in India to Advance Next-Generation Solar Technology

P3C Technology and Solutions has launched the P3SKY™ Perovskite Validation Platform to assist photovoltaic manufacturers in commercializing advanced solar technologies. The platform enables testing and validation of perovskite modules under real-world conditions, addressing the challenge of transitioning from research to stable industrial production. Initial collaboration involves around 40 pilot partners.
News

Resonia Appoints Prashant Sinha as Chief Executive Officer

Resonia Ltd. has appointed Prashant Sinha as its new Chief Executive Officer, succeeding the Chief Operating Officer role within the company. With nearly 30 years of experience, he aims to enhance large-scale transmission projects crucial for India's energy security, leveraging advanced technologies. His focus includes efficient project delivery and integrating renewable energy.

EUROPE

News

Sealed Air Partners With VSB Group To Build 751 kWp Rooftop Solar Plant At Its Alsfeld Facility Under A 20-year On-Site PPA

Sealed Air has partnered with VSB Group for renewable power at its Alsfeld facility in Germany, signing a 20-year Power Purchase Agreement. VSB will install a 751 kWp rooftop solar system, providing substantial energy savings and reducing carbon emissions. The initiative aims to enhance sustainable practices and operational benefits for Sealed Air.
News

Airengy Tech Ltd. to Acquire Six Solar Projects In Poland Worth €23.7 Million, Marking Its First Move Into Income-Generating Energy Assets

Airengy Tech Ltd. has signed binding agreements to acquire six solar projects in Poland, totaling 34 megawatts. Valued at €23.7 million, this marks Airengy's first ownership of revenue-generating assets. The projects include operational and advanced development stages, with a focus on integrating battery storage to enhance revenue stability and profitability.
News

European Bank For Reconstruction And Development Approves €15 million loan To Upgrade Montenegro’s 220 kV Transmission line And Boost Regional Energy Connectivity

The EBRD is lending up to €15 million to Montenegro's CGES for upgrading a 220 kV power line to double its capacity to 600 MW, enhancing electricity transmission between Montenegro, Albania, and Bosnia. This project aims to improve reliability, boost regional energy connectivity, and support sustainable infrastructure development in the Western Balkans.

AFRICA

News

Venus Secures Financing From Banque Misr To Expand Cairo 3A Hybrid Solar Project In Egypt

Venus has secured EGP 70 million in financing from Banque Misr for its Cairo 3A energy project in Egypt, aimed at expanding off-grid power solutions for remote agricultural areas. The project, focusing on hybrid renewable energy systems, will increase its capacity to 5.5 MVA by 2026, supporting sustainability and reducing fossil fuel dependence.
News

Kenya Faces Rising Power Cuts As Grid Struggles To Meet Surging Electricity Demand

Kenya is experiencing a severe electricity crisis marked by frequent power outages and the necessity for load-shedding, highlighting an aging infrastructure struggling to meet rising demand. Contributing factors include a four-year halt in new power plant commissions, increasing consumption, and technical inefficiencies. Solutions hinge on urgent reforms, investments, and private sector involvement.
News

EBRD Considers €40 Million Loan For Solar And Battery Storage Project In Tunisia

The EBRD is considering a €40 million financing package for a renewable energy project in Tunisia, aimed at developing a 50 MWac solar PV plant with a 20 MWh battery storage system. This initiative aims to enhance energy security, reduce carbon emissions by 498,000 tonnes annually, and transition the country towards greater reliance on renewable energy.
News

Distributed Solar Strategy Gains Momentum as Morocco Begins Work on 305 MW Noor Atlas Program

Morocco is enhancing its renewable energy efforts with the Noor Atlas solar program, a 305 MW initiative featuring six dispersed photovoltaic plants across the country. This project aims to bolster grid resilience, improve electricity access in remote areas, and reduce dependence on fossil fuels. Construction is underway, with completion anticipated by 2027.

THE MIDDLE EAST

News

Bahrain Launches International Tender For 100 MW Bilaj Al Jazayer Solar Power Project

Bahrain's Electricity and Water Authority (EWA) has launched an international tender for a 100-megawatt solar power project, the Bilaj Al Jazayer Independent Power Project. This initiative aims to diversify energy sources, increase renewable energy share to 20% by 2035, and attract international developers, contributing to cleaner electricity and long-term energy security.
News

MGEN Expands Mterra Solar Project With 3.5 GW Capacity And Battery Storage To Strengthen The Philippines Energy Security

Meralco PowerGen Corporation (MGEN) is expanding its MTerra Solar project by adding 3,500 MWp of solar generation capacity and a 4,500 megawatt-hour battery energy storage system. This initiative aims to enhance energy security in the Philippines amidst global market uncertainties, reduce reliance on imported fossil fuels, and promote sustainable energy use.
News

Airengy Tech Ltd. to Acquire Six Solar Projects In Poland Worth €23.7 Million, Marking Its First Move Into Income-Generating Energy Assets

Airengy Tech Ltd. has signed binding agreements to acquire six solar projects in Poland, totaling 34 megawatts. Valued at €23.7 million, this marks Airengy's first ownership of revenue-generating assets. The projects include operational and advanced development stages, with a focus on integrating battery storage to enhance revenue stability and profitability.
News

Week in MiddleEast: Nofar Acquires 1 GW Solar Portfolio; GoodWe Promotes C&I Solar Storage in MENA and More…

Nofar Energy's subsidiary has acquired a 1 GW solar portfolio, reinforcing its position in renewable energy. GoodWe promotes solar storage in MENA for efficiency, while Mauritania plans a 365 MW plant to enhance electricity supply. Other highlights include KEC's orders, Saudi grid upgrades, clean energy initiatives, and regional solar advancements.

SOUTH EAST ASIA

News

MGEN Expands Mterra Solar Project With 3.5 GW Capacity And Battery Storage To Strengthen The Philippines Energy Security

Meralco PowerGen Corporation (MGEN) is expanding its MTerra Solar project by adding 3,500 MWp of solar generation capacity and a 4,500 megawatt-hour battery energy storage system. This initiative aims to enhance energy security in the Philippines amidst global market uncertainties, reduce reliance on imported fossil fuels, and promote sustainable energy use.
News

Japan Explores Green Hydrogen Imports From New Zealand To Strengthen Clean Energy Partnership

Japan and New Zealand are collaborating to explore green hydrogen imports to address Japan's decarbonization goals. Discussions among key stakeholders highlighted New Zealand's renewable resources and potential as a clean hydrogen exporter. However, challenges like high production costs and infrastructure needs must be overcome for a viable trade partnership to emerge.
News

Japan Launches World’s First Hydrogen Fuel Supply System For Power Generation

Kawasaki Heavy Industries and Kobe Steel have launched a pioneering hydrogen fuel supply system for power generation, significantly enhancing energy efficiency. This facility, the world's first to utilize an Intermediate Fluid Vaporizer and high-pressure pump, demonstrates hydrogen's potential in cleaner energy. Following extensive testing, it aims to support a reliable hydrogen supply chain, reducing emissions in electricity production.
News

First Gen Signs Renewable Energy Supply Deal to Power Alabang’s Parkway Corporate Center and Bristol Tower with Geothermal Energy

First Gen Corporation has signed an agreement to provide 1,100 kW of geothermal energy to Parkway Corporate Center and Bristol at Parkway Place, enhancing their sustainability efforts. This renewable energy, sourced from the Bac-Man facility, will power essential amenities. The partnership highlights the shift towards reliable renewable solutions in property management.

NEWS BRIEFS

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FROM ACROSS THE GLOBE

News

P3C Technology and Solutions Launches Perovskite Validation Platform in India to Advance Next-Generation Solar Technology

P3C Technology and Solutions has launched the P3SKY™ Perovskite Validation Platform to assist photovoltaic manufacturers in commercializing advanced solar technologies. The platform enables testing and validation of perovskite modules under real-world conditions, addressing the challenge of transitioning from research to stable industrial production. Initial collaboration involves around 40 pilot partners.
News

Resonia Appoints Prashant Sinha as Chief Executive Officer

Resonia Ltd. has appointed Prashant Sinha as its new Chief Executive Officer, succeeding the Chief Operating Officer role within the company. With nearly 30 years of experience, he aims to enhance large-scale transmission projects crucial for India's energy security, leveraging advanced technologies. His focus includes efficient project delivery and integrating renewable energy.
News

Edify Receives Approval for Burroway Solar Farm Project in New South Wales

Edify Energy has gained approval for the Burroway Solar Farm in New South Wales, a significant step in promoting renewable energy. Following thorough evaluations by the Independent Planning Commission, the company plans to engage with local stakeholders, including the Narromine Shire Council, to align the project with regional priorities while contributing to economic growth and job creation.
News

Venus Secures Financing From Banque Misr To Expand Cairo 3A Hybrid Solar Project In Egypt

Venus has secured EGP 70 million in financing from Banque Misr for its Cairo 3A energy project in Egypt, aimed at expanding off-grid power solutions for remote agricultural areas. The project, focusing on hybrid renewable energy systems, will increase its capacity to 5.5 MVA by 2026, supporting sustainability and reducing fossil fuel dependence.

MARKET INSIGHTS

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INSIGHTS

Insights

PM Surya Ghar: Muft Bijli Yojana Driving India’s Rooftop Solar Revolution And Affordable Clean Energy For Millions

The PM Surya Ghar: Muft Bijli Yojana, launched on February 15, 2024, aims to install rooftop solar in one crore households, offering 300 units of free electricity monthly and significant financial subsidies. This initiative promotes energy independence, reduces electricity bills, creates jobs, and enhances India's renewable energy landscape, supporting a decentralized energy model.
Insights

India’s Solar Capacity Crosses 143 GW as Renewable Energy Growth Gains Momentum in Early 2026

India's renewable energy sector has experienced significant growth through early 2026, with solar power achieving a total capacity of about 143,604.37 MW, accounting for over 66.63 percent of renewables. Strong installations continued into 2026, supported by government policies, despite challenges like land acquisition and geopolitical tensions. The outlook remains optimistic.
Insights

Middle East Conflict Threatens Global Supply Of DRI, Posing Challenges For Green Steel Transition

The global steel industry faces challenges in transitioning to greener production due to rising geopolitical tensions in the Middle East, which threaten the supply of Direct Reduced Iron (DRI), crucial for low-carbon steelmaking. Disruptions could raise costs and delay steelmakers' efforts to meet climate targets, complicating the path toward sustainable manufacturing.
Insights

Malaysia’s Solar PV Capacity Expected To Surpass 6.5 GW By 2029 Amid LSS6 And CRESS Push: UOB Kay Hian

A UOB Kay Hian analysis projects significant growth for Malaysia's solar sector, with capacity expected to exceed 6.5 GW by 2029. Government initiatives like the LSS 6 program will create opportunities worth MYR 13 to 23 billion. Despite rising module prices due to global trends, factors like a strong ringgit may mitigate costs.

IN CONVERSATION

Talks

Rahul Kale of Sunpower Renewables on the Future of Hybrid Solar and Energy Storage

As the shift to cleaner energy intensifies, hybrid solar and energy storage technologies are essential for reliable power supply. Sunpower Renewables, led by Rahul Kale, focuses on innovative, customer-centric solutions. The company advocates for policies that support energy storage deployment while balancing domestic and international growth, emphasising efficiency and long-term value in the Indian market.
Talks

Beyond Inverters: Deye’s Integrated Solar, Storage & EV Vision for India’s Energy Future – Bharat Singh, Director – Sales Marketing (India & North Africa)

How do Deye’s newly launched on-grid inverters up to 136 kW support the growing C&I solar market in India? Deye’s revolutionised C&I solution was launched...
Talks

“Small Components Can Make a Big Impact”: Matthias Mack on Stäubli’s India Strategy

As India accelerates toward its ambitious 2030 renewable energy targets, strengthening domestic manufacturing has become a key pillar of the country’s clean energy strategy....
Talks

Hoymiles’ 360 MW Deal Redefines Microinverter Adoption in India – Vikrant Sarang, Regional Sales Manager, West & Central India

What does India’s biggest 360 MW microinverter deal with Kosol Energie indicate about the growing acceptance of microinverters in India? This milestone reflects not just...
Talks

Redefining Solar Asset Management with AI-Driven Intelligence – Ashok DM, Founder CEO & MD, EnerMAN Technologies

EnerMAN is known for its smart IoT and AI-based solar monitoring solutions. Can you tell us how your products are changing the way solar...
Talks

Scaling Clean Energy in the Middle East: Sungrow’s Strategy, Storage Leadership, and Regional Growth

As renewable energy deployment accelerates across the Middle East, Sungrow continues to strengthen its regional footprint through large-scale solar and energy storage projects. In...

UPCOMING EVENTS

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PUBLICATIONS

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Technology

Smart Plasma Systems: The Next Frontier for Clean Hydrogen and Advanced Carbon Materials

A new Indo–Singapore project is advancing clean hydrogen technologies through plasma-based methane conversion. Led by APChemi and Commsens, it aims to develop an AI-integrated microwave plasma system that produces hydrogen and high-value carbon materials without carbon emissions. The project could enable low-emission hydrogen production and innovative carbon applications.
Sangita Shetty -

Explained – Solar Battery Myths vs Reality: What Consumers Need To Know About Energy Storage

Solar batteries are crucial for modern renewable energy systems, yet myths hinder widespread adoption. Many mistakenly believe they work only in sunlight or are too costly. In actuality, they store excess energy for later use, have become more affordable, and require minimal maintenance. Understanding these facts can enhance the appeal of solar energy storage.
Mohan Gupta -

Explained – Understanding Solar + Storage: How Solar Panels And Batteries Work Together

Solar panels convert sunlight into electricity using semiconductor solar cells. They generate direct current (DC) and require inverters to supply alternating current (AC) for homes. Batteries store excess energy for use during high-demand periods or outages, enhancing self-sufficiency. The solar-plus-storage system reduces grid dependence and lowers energy costs while promoting sustainability.
Mohan Gupta -

Solar Tech Weekly: Hoymiles Launches Hybrid Solar Inverter; New Solar Material Produces Hydrogen On Demand and More…

Hoymiles has launched the HIS-3.6L-G3 hybrid inverter series for residential solar, enhancing energy independence. Additionally, a new solar battery material can produce hydrogen on demand. CIGRE and the 450 MHz Alliance published a white paper on grid wireless networks, while innovations in flexible solar technologies support electric vehicles and aesthetic solar applications.
Sangita Shetty -

New “Solar Battery” Material Stores Sunlight and Produces Hydrogen on Demand

Scientists have developed a groundbreaking “solar battery” material that stores sunlight and converts it into hydrogen fuel, addressing energy storage challenges. This innovative system captures electrons from sunlight, allowing for energy storage even without direct sunlight and enabling multiple recharges. It promises enhanced integration of solar power with green hydrogen production.
Sangita Shetty -

AUSTRALIA

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Talks

Rahul Kale of Sunpower Renewables on the Future of Hybrid Solar and Energy Storage

As the shift to cleaner energy intensifies, hybrid solar and energy storage technologies are essential for reliable power supply. Sunpower Renewables, led by Rahul Kale, focuses on innovative, customer-centric solutions. The company advocates for policies that support energy storage deployment while balancing domestic and international growth, emphasising efficiency and long-term value in the Indian market.
News

South Africa Court Delivers Landmark Ruling Against Eskom, Clearing Path For Sibanye-Stillwater 50 MW Solar Power Project

The Gauteng Division of the High Court in South Africa ruled against Eskom, allowing Sibanye-Stillwater to develop a 50-megawatt solar facility for its gold mine. This decision challenges Eskom's attempts to impede renewable projects, promoting private investment in clean energy and reducing reliance on the national grid amidst ongoing power shortages.
Tech

Curved Perovskite Photovoltaic Glass Advances Solar Integration in Electric Vehicles

Vehicle-integrated photovoltaics (VIPV) are advancing, especially with Hefei Puskai New Energy Technology's new perovskite solar technology. This innovation enables solar power generation from vehicle surfaces, addressing previous manufacturing challenges. Experts believe these coatings could cover up to 10 m² of a vehicle, generating enough energy for daily commuting needs.

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