Tuesday, February 24, 2026
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Sofar

Power Ministry Sets Up Panels To Steer PFC And REC Merger Process

Mohan Gupta -
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The Ministry of Power has established two panels to oversee the merger of Power Finance Corporation and REC Limited, aiming to restructure the state-run NBFCs. A working group will examine operational details, while a high-level committee will monitor the process. The merger aims to enhance efficiency and create a leading power sector lending entity.
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AMERICAS

News

GameChange Energy Technologies Acquires eBOS Division From Terrasmart, Expanding Fully Integrated Module-To-Grid Solar Solutions

GameChange Energy Technologies has acquired the Electrical Balance of Systems (eBOS) division from Terrasmart, enhancing its capabilities in utility-scale solar projects. This integration aims to streamline solar infrastructure and support customers with comprehensive electrical solutions. The acquisition will strengthen reliability, scalability, and performance across all stages of solar project development.
News

U.S. Energy Storage Hits Record 57.6 GWh In 2025, A 30% Increase Over 2024, With Utility, Commercial, And Residential Batteries Driving Rapid Growth –...

In 2025, the U.S. energy storage industry set a record by adding 57.6 GWh of capacity, a 30% increase from 2024. Utility-scale storage accounted for 137 GWh total, with projections exceeding 600 GWh by 2030. Despite challenges, this growth is critical for reducing energy costs, improving reliability, and advancing energy independence.
News

American Clean Power Association Announces 2026 Board And Officers, Led by David Carroll Of ENGIE, To Guide U.S. Clean Energy Growth As 90% Of...

The American Clean Power Association has appointed its new Board of Directors for 2026, featuring leaders from various clean energy companies. With the U.S. expected to source over 90% of new electricity capacity from clean energy, the Board's focus is on navigating challenges, advancing innovation, and ensuring reliable power supply.
News

First Solar Study Shows $5.8B U.S. Economic Impact In 2025, Projects 39,320 Jobs And $4B Labor Income By 2027 Across Six American Manufacturing Facilities

First Solar's economic impact study reveals substantial contributions to the U.S. economy, projecting support for over 39,000 jobs and $4 billion in labor income by 2027. The company will enhance its manufacturing capacity to 18 gigawatts, significantly boosting GDP and demonstrating strong support for American solar manufacturing and jobs.
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INDIA AND SOUTH ASIA

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....
News

Top Stories Of The Day: Tamil Nadu Awards 1,400 MWh BESS; Waaree Wins 500 MW Module Order and More…

Tamil Nadu has awarded 1,400 MWh of battery energy storage projects to enhance grid reliability. Waaree Energies secured a 500 MW solar module order as India speeds up solar installations. Notably, PM Surya Ghar reached 30 lakh rooftop installations, showcasing the rise of residential solar and renewable energy adoption in India.
News

Suzlon Forms Group Executive Council, Appoints Ajay Kapur as Group CEO Under ‘Suzlon 2.0’ Vision

Suzlon Energy Limited has established a Group Executive Council and appointed Ajay Kapur as Group CEO to implement its "Suzlon 2.0" strategy for renewable energy expansion. The focus includes diversifying into solar and battery storage while maintaining strong ESG commitments. Key leader J P Chalasani will also enhance strategic initiatives and partnerships.
Insights

India’s Power Sector Surges Past 500 GW As Gujarat Sets Benchmark In DISCOM Performance

India's power distribution sector reached over 500 GW of installed capacity by September 2025, predominantly from non-fossil sources, accounting for over 51%. The 14th Annual Integrated Rating Report highlights improvement in DISCOMs’ financial performance, with Gujarat leading in efficiency and customer service. The state’s innovative practices serve as a benchmark for others.

EUROPE

News

Q ENERGY Begins Construction Of 11 MWp Chênet Solar Park In Marne, Set To Power 5,500 Homes And Cut 3,000 Tons of CO₂ Annually...

Q ENERGY has begun construction on the Chênet photovoltaic park in France's Marne region, aiming for completion by summer 2026. The 11 MWp facility will provide green electricity for 5,500 households, reduce carbon emissions, and support local agriculture. Community benefits include new tax revenues and livestock grazing opportunities, reflecting a sustainable, collaborative development approach.
News

Acwa Signs 5 GW Renewable Energy Deal With Türkiye, Starting With 2 GW Solar In Sivas And Taşeli, Building On 927 MW Kırıkkale Project...

Acwa, the largest private water desalination company, has signed an investment agreement with Türkiye's Ministry of Energy to develop 5 gigawatts of renewable energy projects, starting with 2 gigawatts of solar capacity. This initiative aims to support Türkiye's climate goals, enhance energy independence, and create jobs while emphasizing local employment and socio-economic benefits.
News

Voltalia And Subsidiary Renvolt Sign EPC Contract For 124.2 MW Wexford Hub Solar Plant In Ireland, Expanding Partnership With ESB And Adding To Over...

Voltalia and its subsidiary, Renvolt, have signed a turnkey EPC contract for the 124.2-megawatt ESB Wexford Hub solar power plant in Ireland. Renvolt will oversee construction and maintenance, bolstering its role in Europe’s energy transition. The partnership with ESB aims for high performance, reliability, and sustainable solutions in renewable energy.

AFRICA

News

KenGen To Add 253 MW Renewable Energy To Kenya’s Grid By 2027

Kenya Electricity Generating Company (KenGen) plans to add 253 MW of renewable energy to the national grid in three years to meet rising demand. The focus is on geothermal power, including rehabilitation of Olkaria I and development of Olkaria VII. Additional investments in solar and hydropower aim to enhance grid stability and reliability by 2030.
News

Tanzania Commissions First Utility-Scale Solar Plant, Adds 50 MW To National Grid

Tanzania has inaugurated its first utility-scale solar photovoltaic plant in Kishapu District, marking a significant shift in its energy strategy towards solar power. The initial 50 MW capacity aims to diversify energy sources and meet rising demand, while the project supports economic growth and local services. Full integration into the national grid will occur by March 2026.
News

REA Signs MoU with ECOWAS to Electrify 15 Health, Education Institutions with Solar Power

The Rural Electrification Agency (REA) has partnered with ECOWAS to install solar power systems in 15 Nigerian health and education institutions, funded by a $700,000 ROGEAP grant. This initiative aims to enhance service delivery and educational conditions, supporting rural electrification and promoting sustainable energy access in underserved communities.
News

REA Highlights Impact of DSOLS Programme in Expanding Off-Grid Solar Access in Nigeria

The Rural Electrification Agency (REA) emphasizes the need for structured de-risking to enhance off-grid lighting solutions in Nigeria, collaborating with UNDP and GEF. The DSOLS program has successfully implemented 1,400 Solar Home Systems and aims for systemic reforms to boost private sector involvement and promote energy access as a social responsibility and economic opportunity.

THE MIDDLE EAST

News

Kuwait Delays Shaqaya Solar Transmission Contract Pending Finance Approval

Kuwait’s Central Agency for Public Tenders has delayed a key contract for the Shaqaya solar power project, awaiting the Ministry of Finance's approval. The contract, valued at KD 48 million, involves 400 kV transmission lines to connect the solar station to the Subiya power station, enhancing renewable energy distribution and grid stability.
Insights

Oman Prepares For 7% Annual Power Demand Growth With Major Renewable And Grid Expansion Plans

Oman anticipates a significant rise in electricity demand, projected at 7.2 percent annually until 2031, due to economic growth and industrial expansion. The government aims to boost renewable energy generation to 30 percent by 2030, emphasizing solar projects. Additionally, improvements to the national grid will enhance reliability in power distribution.
News

Jordan Advances Energy Independence With 100 MW Industrial Solar Project

The Jordan Chamber of Industry has secured financing for a 100-megawatt solar power project, led by Shams Renewable Power Company, aimed at enhancing energy independence for 63 industrial firms. This initiative will lower energy costs, boost competitiveness, and generate employment while contributing to Jordan's renewable energy strategy and environmental goals.
News

ACWA Signs Agreement with Türkiye to Develop 5 GW Renewable Energy Programme

ACWA Power signed an agreement with Türkiye's Ministry of Energy to develop 5 GW of renewable energy, starting with 2 GW of solar plants in Sivas and Taşeli. The project aims to enhance energy security, contribute to climate goals, attract USD 5 billion in investment, and create thousands of jobs.

SOUTH EAST ASIA

News

Concord New Energy Warns Of Over 80% Profit Drop Amid China Renewable Sector Challenges

Concord New Energy (CNE) has issued a major profit warning, stating that its unaudited profit for the 2025 fiscal year is expected to fall...
Insights

U.S. Commerce Department Weighs Tariffs On Solar Imports From India, Indonesia And Laos

The U.S. Commerce Department will announce a preliminary decision on anti-subsidy duties for solar products from India, Indonesia, and Laos, following a trade investigation by the Alliance for American Solar Manufacturing and Trade. The group claims foreign subsidies undermine U.S. manufacturers, leading to unfair pricing. Final decisions are expected later this year.
News

Malaysia Urges Mosques to Adopt Rooftop Solar Under ATAP Programme

The Malaysian government is promoting solar panel installations in mosques as part of its renewable energy initiative, the Solar Accelerated Transition Action Programme. Aimed at reducing electricity costs, this initiative encourages mosques with significant bills to switch to solar power, thus supporting Malaysia's long-term environmental and energy transition goals.
News

Yusen Logistics Philippines Switches to 100% Renewable Energy for Head Office Under GEOP

Yusen Logistics Philippines, Inc. has partnered with ACEN Renewable Energy Solutions to supply 100% renewable energy to its head office, supporting its sustainability goals. This initiative, part of the Green Energy Option Program, aims to reduce greenhouse gas emissions by 45% by 2030 and achieve net-zero emissions by 2050, enhancing corporate commitment to clean energy.

NEWS BRIEFS

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FROM ACROSS THE GLOBE

News

Kuwait Delays Shaqaya Solar Transmission Contract Pending Finance Approval

Kuwait’s Central Agency for Public Tenders has delayed a key contract for the Shaqaya solar power project, awaiting the Ministry of Finance's approval. The contract, valued at KD 48 million, involves 400 kV transmission lines to connect the solar station to the Subiya power station, enhancing renewable energy distribution and grid stability.
News

Suzlon Forms Group Executive Council, Appoints Ajay Kapur as Group CEO Under ‘Suzlon 2.0’ Vision

Suzlon Energy Limited has established a Group Executive Council and appointed Ajay Kapur as Group CEO to implement its "Suzlon 2.0" strategy for renewable energy expansion. The focus includes diversifying into solar and battery storage while maintaining strong ESG commitments. Key leader J P Chalasani will also enhance strategic initiatives and partnerships.
News

U.S. Energy Storage Hits Record 57.6 GWh In 2025, A 30% Increase Over 2024, With Utility, Commercial, And Residential Batteries Driving Rapid Growth –...

In 2025, the U.S. energy storage industry set a record by adding 57.6 GWh of capacity, a 30% increase from 2024. Utility-scale storage accounted for 137 GWh total, with projections exceeding 600 GWh by 2030. Despite challenges, this growth is critical for reducing energy costs, improving reliability, and advancing energy independence.
News

American Clean Power Association Announces 2026 Board And Officers, Led by David Carroll Of ENGIE, To Guide U.S. Clean Energy Growth As 90% Of...

The American Clean Power Association has appointed its new Board of Directors for 2026, featuring leaders from various clean energy companies. With the U.S. expected to source over 90% of new electricity capacity from clean energy, the Board's focus is on navigating challenges, advancing innovation, and ensuring reliable power supply.

MARKET INSIGHTS

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INSIGHTS

Insights

U.S. Commerce Department Weighs Tariffs On Solar Imports From India, Indonesia And Laos

The U.S. Commerce Department will announce a preliminary decision on anti-subsidy duties for solar products from India, Indonesia, and Laos, following a trade investigation by the Alliance for American Solar Manufacturing and Trade. The group claims foreign subsidies undermine U.S. manufacturers, leading to unfair pricing. Final decisions are expected later this year.
Insights

Oman Prepares For 7% Annual Power Demand Growth With Major Renewable And Grid Expansion Plans

Oman anticipates a significant rise in electricity demand, projected at 7.2 percent annually until 2031, due to economic growth and industrial expansion. The government aims to boost renewable energy generation to 30 percent by 2030, emphasizing solar projects. Additionally, improvements to the national grid will enhance reliability in power distribution.
Insights

India’s Power Sector Surges Past 500 GW As Gujarat Sets Benchmark In DISCOM Performance

India's power distribution sector reached over 500 GW of installed capacity by September 2025, predominantly from non-fossil sources, accounting for over 51%. The 14th Annual Integrated Rating Report highlights improvement in DISCOMs’ financial performance, with Gujarat leading in efficiency and customer service. The state’s innovative practices serve as a benchmark for others.
Insights

U.S. Power Capacity Additions To Hit Record 86 GW In 2026 Led By Solar And Storage – EIA

The U.S. is projected to add a record 86 GW of new power generation capacity in 2026, primarily from solar energy which will constitute 51% of this expansion. Battery storage will increase by 24 GW, while wind and natural gas will also see significant additions, particularly in Texas and neighboring states.

IN CONVERSATION

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...
Talks

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,...
Talks

From Rooftops to Utility Scale: ECE’s Scalable Solar Growth – Aniket Tondare – Director (Sales) – ECE India Energies Ltd

Q. What new solar panel products has ECE India Energies introduced recently, and what makes them unique for the Indian market? ECE India Energies has...

UPCOMING EVENTS

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PUBLICATIONS

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Technology

Solar Tech Weekly: Safer Flow Batteries Advance Grid-Scale Storage; Prussian Blue Tech Boosts Clean Energy Safety and More…

Safer Flow Batteries Advance Grid-Scale Storage Next-generation flow batteries are emerging as a safer and scalable alternative for large-scale energy storage. Designed to enhance grid...
Sangita Shetty -

Safer Flow Batteries Advance Large-Scale Energy Storage for Solar and Grid Applications

Researchers at Case Western Reserve University have developed a novel proton-conducting electrolyte that enhances safety and efficiency in flow batteries for large-scale energy storage. This technology, which allows protons to hop between molecular bonds, overcomes traditional conductivity-safety trade-offs, thus paving the way for safer, scalable storage solutions for renewable energy.
Sangita Shetty -

Innovative Prussian Blue–Carbon Electrode Sets Record in Cesium Removal for Clean Energy Applications

Researchers at Jeonbuk National University have developed an advanced Prussian blue–carbon cloth electrode that effectively removes radioactive cesium from water, achieving a record adsorption capacity. This innovative approach enhances efficiency and reusability in treating cesium-contaminated wastewater, offering a promising solution for safer nuclear energy management and environmental protection.
Sangita Shetty -

Beyond Renewables: KIER’s 19 kg/day DAC System Targets Legacy CO₂ at Scale

The Korea Institute of Energy Research (KIER) has successfully demonstrated a Direct Air Capture (DAC) system with a carbon capture capacity of 19 kg/day. This marks significant progress from previous pilot projects and provides essential data for potential industrial application. KIER aims to scale the system to 200 kg/day, targeting over 1,000 tons annually by 2035.
Sangita Shetty -

NUS Advances Perovskite–Organic Tandems to Record 26.4% with Novel NIR Absorber

Researchers at the National University of Singapore have achieved a groundbreaking 26.4% power conversion efficiency in perovskite-organic tandem solar cells. This advancement, which includes a newly engineered organic absorber for improved near-infrared harvesting, paves the way for lightweight, flexible solar technologies suitable for diverse applications, with future focus on stability and commercial scaling.
Sangita Shetty -

AUSTRALIA

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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...
News

Jyoti Structures Successfully Energizes Two Key Sections Of 400 kV Pirana–Ahmedabad Transmission Network, Marking Major Project Milestone

Jyoti Structures Limited (JSL) has successfully charged key sections of the 400 kV transmission network between Pirana and Ahmedabad, marking significant progress towards project completion. The energization required meticulous planning and execution, showcasing JSL's engineering capabilities. CEO Rajesh Kumar Singh highlighted this achievement as a crucial step in enhancing India's power transmission infrastructure.
Tech

Solar Tech Weekly: Safer Flow Batteries Advance Grid-Scale Storage; Prussian Blue Tech Boosts Clean Energy Safety and More…

Safer Flow Batteries Advance Grid-Scale Storage Next-generation flow batteries are...

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