Monday, March 9, 2026
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FTC Solar Reports Strong Q4 2025 Results With Revenue Up Nearly 150% Year-Over-Year

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FTC Solar, Inc. reported strong fourth-quarter results for 2025, achieving revenue of $32.9 million, a 149% increase year-over-year. The company’s gross profit improved significantly, and it secured new multi-year supply agreements, reflecting growing confidence in its solar tracker technology. Overall, FTC Solar anticipates continued revenue growth and market expansion.

AMERICAS

Solar Energy Industries Association Applauds Massachusetts House Of Representatives For Passing Energy Affordability And Clean Power Bill

The Massachusetts House of Representatives has passed House Bill 5151, aimed at enhancing energy affordability while promoting renewable energy development. The legislation introduces policies for better grid utilization and a streamlined solar permitting platform, expected to lower installation costs and utility bills. It addresses immediate affordability issues and long-term economic benefits while advancing clean energy goals.

Arevon Energy, Inc. Secures $183 Million Financing For 124 MW Big Muddy Solar Project In Illinois

Arevon Energy, Inc. has secured a $183 million financing package for its Big Muddy Solar Project in Illinois, a 124-MWdc facility. The funding supports construction and aims to generate local economic benefits, including job creation and tax revenue. The project highlights Arevon's commitment to renewable energy and community engagement.

Solar Energy Industries Association And Benchmark Mineral Intelligence Report Highlights Rapid Growth Of Battery Storage In The United States

As electricity demand surges in the U.S., battery energy storage is essential for balancing supply and demand, enhancing grid stability, and reducing costs. A report highlights rapid growth in residential and commercial battery systems. By 2030, storage capacity may exceed 600 gigawatt-hours, supporting renewable energy and a resilient power infrastructure.

Arevon Energy, Inc. Names Justin Johnson As Interim CEO After Kevin Smith Steps Down

Arevon Energy, Inc., a major American renewable energy developer, owner, and operator, has announced a leadership update within the company. Justin Johnson, who currently...
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INDIA AND SOUTH ASIA

Top Stories Of The Day: IL&FS MF Invests in Hero Solar; Karnataka Budget Boosts Solar & Storage and More…

IL&FS Mutual Fund has invested ₹125 crore in Hero Solar Energy, emphasising institutional interest in India’s renewable sector. Karnataka’s 2026 budget promotes solar and energy storage, while other initiatives around solar power plant maintenance and energy storage projects highlight significant developments. Overall, these efforts enhance India’s clean energy landscape.

IL&FS Mutual Fund Invests ₹125 Crore in Hero Solar Energy to Support Renewable Expansion

IL&FS Mutual Fund is investing ₹1.25 billion in Hero Solar Energy to support its renewable energy operations and financial restructuring. This investment, made through secured debentures, will help refinance existing debt and enhance the company's balance sheet. The move aligns with IL&FS's strategy to increase its holdings in sustainable infrastructure.

Insolation Energy Limited (INA Solar) Migrates to Main Board; Shares Listed on BSE and NSE

Insolation Energy Limited (INA Solar) successfully listed its equity shares on the main boards of BSE and NSE, marking a significant milestone in its growth journey. Chairman Manish Gupta emphasized the listing's role in enhancing the company's credibility, while Rajasthan's Energy Minister noted the state's blossoming solar industry.

Karnataka Budget Targets 3,000 MW Solar, 1,250 EV Charging Stations and ₹3,400 Crore Battery Storage Push

Karnataka's government unveiled a comprehensive energy roadmap in its budget, emphasizing solar power expansion, grid enhancement, and electric mobility. Key initiatives include the “Mukhya Mantri Saura Krishi Yojane” for 3,000 MW solar capacity, substantial investments in battery storage, and plans for 1,250 electric vehicle charging stations, aiming to fortify clean energy efforts.

EUROPE

PPC and Metlen Launch 1.5 GW Battery Storage Venture in Southeast Europe

Public Power Corporation and Metlen Energy and Metals have formed a joint venture to develop battery energy storage systems in Bulgaria, Romania, and Italy, aiming for 1,500 MW capacity. They plan to install 1,000 MW within a year, enhancing grid flexibility and renewable energy integration in Southeast Europe.

CIGRE and 450 MHz Alliance Release White Paper on Power Grid Private Wireless Networks to Advance Industry-Wide Adoption

At MWC 2026, CIGRE and the 450 MHz Alliance hosted a roundtable on power communications, attended by over 100 experts. They released a white paper outlining a framework for private wireless networks, addressing key challenges and advantages. Panel discussions emphasised the importance of these networks and the 450 MHz spectrum in future power systems.

Statkraft Signs Largest Nordic Battery Storage PPA With OX2 For Two BESS Projects In Finland

Statkraft has signed a significant agreement with OX2 for two large-scale battery energy storage systems in Finland, marking its largest battery PPA in the Nordic region. The systems, with capacities of 110 and 125 megawatts, will enhance energy storage infrastructure and support Finland's expanding renewable energy sector. Statkraft will manage the batteries for seven years starting in 2028, ensuring financial stability and optimising performance. This partnership aims to maximize battery asset value, bolster grid stability, and facilitate a sustainable energy system in the region.

AFRICA

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.

Nigeria Launches $750 Million Plan To Install 1,350 Solar Mini-Grids For Rural Electrification

Nigeria has initiated a $750 million renewable energy program aimed at enhancing electricity access by installing 1,350 solar mini-grids, primarily in rural areas. This initiative seeks to reduce reliance on traditional power sources, integrate with the national grid, and attract private investments, promoting cleaner energy and improved living conditions for millions.

CEI Africa Launches E&S Regulatory Mapping Platform to Support Mini-Grid Development in Sub-Saharan Africa

CEI Africa has launched the Green Mini-Grid Environmental & Social Regulatory Mapping Platform to assist mini-grid developers in Sub-Saharan Africa with navigating complex regulatory frameworks. Developed in collaboration with EED Advisory and AMDA, this platform consolidates information from 21 countries, enhancing transparency and streamlining project planning through interactive tools and resources.

Kenya Electricity Transmission Company Limited Strengthens Grid Reliability in Southern Nyanza with New Transmission Infrastructure

Power consumers in Southern Nyanza have enjoyed uninterrupted electricity during maintenance on the Muhoroni–Chemosit line, thanks to recent infrastructure enhancements by KETRACO. Improved grid reliability allows for maintenance without outages, and the new Sondu–Homa Bay transmission line enhances overall power stability, benefiting homes, businesses, and regional development.

THE MIDDLE EAST

Qatar Fund For Development Pledges $434.2 Million To Revive Lebanon’s Energy Sector And Support Public Services

The Qatar Fund for Development has pledged $434.2 million to support Lebanon amid its severe socio-economic crisis, benefiting over 1.5 million people. The majority of funds will focus on revitalizing the energy sector to remedy electricity shortages, while some will enhance healthcare services. This initiative aims to provide immediate relief and foster long-term recovery.

European Bank For Reconstruction And Development Considers $30 Billion Energy Investment To Support Turkey’s Power Sector Transformation

The European Bank for Reconstruction and Development is considering a $30 billion investment in Turkey's energy sector to modernize power infrastructure and support a transition to cleaner energy. This initiative aligns with Turkey's efforts to reduce fossil fuel dependency and enhance renewable resources. The project aims to create jobs and strengthen regional energy dynamics.

OQ Alternative Energy Advances 330 MW Wind and Solar Projects in Oman

OQ Alternative Energy has made significant progress on its Riyah 1, Riyah 2, and North Oman Solar projects, targeting 330 MW of renewable energy by year-end. These ventures, an investment of over USD 230 million, will enhance Oman’s energy mix, local workforce involvement, and contribute to the country’s long-term clean energy goals.

From Balcony Solar to Baseload Hybrids—Key Solar Trends to Watch in 2026

The global solar sector is forecasted to thrive in 2026, fueled by increased electricity demand and supportive policies. Innovations like balcony PV systems and large-scale solar-plus-storage projects are emerging, with notable developments in Europe and Abu Dhabi. These advancements aim to enhance renewable energy delivery and grid stability while addressing costs.

SOUTH EAST ASIA

Cambodia Set To Launch 930 MW Chheu Tom Solar Complex, Southeast Asia’s Largest Solar Power Project

Cambodia is set to launch the Chheu Tom solar power complex, the largest in Southeast Asia with a capacity of 930 MW, surpassing Vietnam's Dau Tieng Solar Power Complex. This project enhances Cambodia's energy supply, promotes clean energy, and supports sustainable development by reducing reliance on fossil fuels.

Rising Demand Pushes Chinese TOPCon Solar Panel Prices Up As Global Buyers Remain Cautious

The global solar energy market faces rising prices for Chinese TOPCon solar panels due to strong demand and limited supply. However, international buyers are hesitant to place orders, anticipating potential price drops. Factors such as increased raw material costs, regulatory changes in China, and geopolitical tensions further contribute to market uncertainty.

Vena Group Signs KRW 1 Trillion MoU To Develop Green Energy Projects In South Korea

Vena Group has signed a KRW 1 trillion MoU with Chungcheongnam-do and Taean-gun to develop large-scale green energy projects. The investment, aimed at enhancing South Korea's clean energy infrastructure by 2030, includes offshore wind and renewable initiatives, expected to generate 1.6 TWh annually and reduce greenhouse gas emissions significantly.

BIM Group and Vietcombank Sign Strategic Cooperation Agreement to Support Renewable Energy and Investment Projects

BIM Group and Vietcombank have signed a cooperation agreement to enhance their partnership, focusing on finance, banking, and strategic investments, particularly in renewable energy. The agreement aims to boost BIM Group’s financial capacity and foster sustainable project development while supporting economic growth in Vietnam.

FROM ACROSS THE GLOBE

CIGRE and 450 MHz Alliance Release White Paper on Power Grid Private Wireless Networks to Advance Industry-Wide Adoption

At MWC 2026, CIGRE and the 450 MHz Alliance hosted a roundtable on power communications, attended by over 100 experts. They released a white paper outlining a framework for private wireless networks, addressing key challenges and advantages. Panel discussions emphasised the importance of these networks and the 450 MHz spectrum in future power systems.

European Bank For Reconstruction And Development Considers $30 Billion Energy Investment To Support Turkey’s Power Sector Transformation

The European Bank for Reconstruction and Development is considering a $30 billion investment in Turkey's energy sector to modernize power infrastructure and support a transition to cleaner energy. This initiative aligns with Turkey's efforts to reduce fossil fuel dependency and enhance renewable resources. The project aims to create jobs and strengthen regional energy dynamics.

Statkraft Signs Largest Nordic Battery Storage PPA With OX2 For Two BESS Projects In Finland

Statkraft has signed a significant agreement with OX2 for two large-scale battery energy storage systems in Finland, marking its largest battery PPA in the Nordic region. The systems, with capacities of 110 and 125 megawatts, will enhance energy storage infrastructure and support Finland's expanding renewable energy sector. Statkraft will manage the batteries for seven years starting in 2028, ensuring financial stability and optimising performance. This partnership aims to maximize battery asset value, bolster grid stability, and facilitate a sustainable energy system in the region.

Cambodia Set To Launch 930 MW Chheu Tom Solar Complex, Southeast Asia’s Largest Solar Power Project

Cambodia is set to launch the Chheu Tom solar power complex, the largest in Southeast Asia with a capacity of 930 MW, surpassing Vietnam's Dau Tieng Solar Power Complex. This project enhances Cambodia's energy supply, promotes clean energy, and supports sustainable development by reducing reliance on fossil fuels.

INSIGHTS

From Balcony Solar to Baseload Hybrids—Key Solar Trends to Watch in 2026

The global solar sector is forecasted to thrive in 2026, fueled by increased electricity demand and supportive policies. Innovations like balcony PV systems and large-scale solar-plus-storage projects are emerging, with notable developments in Europe and Abu Dhabi. These advancements aim to enhance renewable energy delivery and grid stability while addressing costs.

Karnataka Budget Targets 3,000 MW Solar, 1,250 EV Charging Stations and ₹3,400 Crore Battery Storage Push

Karnataka's government unveiled a comprehensive energy roadmap in its budget, emphasizing solar power expansion, grid enhancement, and electric mobility. Key initiatives include the “Mukhya Mantri Saura Krishi Yojane” for 3,000 MW solar capacity, substantial investments in battery storage, and plans for 1,250 electric vehicle charging stations, aiming to fortify clean energy efforts.

Nigeria Needs $23 Billion To Electrify 143,000 Communities, Says REA

Nigeria requires approximately $23 billion to provide reliable electricity to nearly 143,000 underserved communities. The Rural Electrification Agency's mapping project highlights various solutions, including extending the national grid and solar systems. A solar initiative at UN House aims to enhance power reliability, cut costs by 40%, and promote renewable energy development.

Ancillary Services Gain Importance As Renewable Energy Growth Reshapes Gulf Power Grids

The growth of renewable energy in the Gulf region necessitates a transformation in power grid management to ensure stability and reliability. As solar and wind sources replace conventional thermal plants, ancillary services become crucial to maintain grid functionality. Experts urge the adoption of new technologies to efficiently support fluctuating electricity generation and demand.

IN CONVERSATION

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...

“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....

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...

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...

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...

Dr. Hong Soo Goh on Sungrow’s R&D Vision: Advancing Energy Storage, Grid Stability, and Intelligent Power Solutions

At the World Future Energy Summit in Abu Dhabi, SolarQuarter team spoke with Dr. Hong Soo Goh, a leading expert in PV, energy storage,...

UPCOMING EVENTS

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PUBLICATIONS

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Technology

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.

AI-Driven Inverse Design Enables Full-Color, High-Efficiency Semitransparent Perovskite Solar Cells

Researchers from Kyung Hee University and Hyundai Motor Group have created an AI-driven method for designing semitransparent perovskite solar cells with full-colour capabilities. Their innovative approach utilises transparent interference coatings, enhancing efficiency and aesthetic appeal for solar-integrated windows and vehicles. This advancement holds promise for scalable, high-performance PV technologies.

Solar Tech Weekly: Korea Targets Next-Gen Batteries by 2029; Enerman Digitizes PM-KUSUM with RMS SCADA and More…

Korea Targets 800 Wh/L Lithium-Metal and Solid-State Breakthroughs by 2029 South Korea has unveiled an ambitious roadmap to commercialize next-generation lithium-metal and all-solid-state batteries by...

Pressure-Based CO₂ Capture System Advances Industrial Decarbonisation

Texas A&M University's new Pressure Induced Carbon Capture (PICC) method aims to lower industrial decarbonisation costs significantly. By dissolving CO₂ in water under pressure, it claims to capture up to 99% of emissions for about $26 per metric ton, offering a more efficient alternative to traditional amine-based systems.

Korea Targets 800 Wh/L Lithium-Metal and Solid-State Breakthroughs by 2029

South Korea is advancing next-generation battery technologies beyond lithium-ion systems, aiming for high-energy-density lithium-metal and all-solid-state batteries by 2029, with a KRW 130 billion investment. The initiative, emphasising collaboration between government and industry, could revolutionise electric vehicles and grid storage, enhancing safety and performance in energy solutions globally.

AUSTRALIA

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Find Most Read Solar Content

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...

ELSEWEDY ELECTRIC Completes 348.6 MWp EL SAAD Solar Plant in Saudi Arabia

ELSEWEDY ELECTRIC has successfully completed the 348.6 MWp EL SAAD Solar Plant in Saudi Arabia, marking its first utility-scale photovoltaic project in the Gulf. Delivered ahead of schedule, the project showcases the company's EPC capabilities and commitment to renewable energy. It reinforces Saudi Arabia's clean energy goals and includes local workforce development initiatives.

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.