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UPEX 2026

Ministry of Power Reports Surge in Renewable Generation to 2.83 Lakh MU in FY26, Projects 507 GW Non-Conventional Capacity by 2032

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The Ministry of Power reported significant growth in India’s electricity generation from renewable sources over the past five years, rising from 147,247 million units in FY2020-21 to 283,621 million units in FY2025-26. Key states in this transition include Rajasthan and Gujarat, contributing to a projected installed capacity of 873,736 MW by 2031-32.

AMERICAS

Ecopetrol Approves Merger With Subsidiary Portón del Sol SAS, Absorbing 128 MW Solar Park To Strengthen Renewable Energy Portfolio And Energy Transition Strategy

Ecopetrol's General Shareholders’ Meeting approved the merger with its subsidiary Parque Solar Portón del Sol SAS, enhancing the company’s renewable energy strategy. This integration streamlines operations, strengthens its clean energy portfolio, and supports Colombia's energy transition, with the solar park contributing an operational capacity of 128 megawatts.

PowerBank’s 7.1 MW Jordan Rd 2 Community Solar Project In Skaneateles Falls, NY, Approved For $2.7M In NY-Sun Incentives, Powers 895 Homes Annually

PowerBank Corporation's 7.1 MW Jordan Rd 2 community solar project in Skaneateles Falls, New York, has received up to $1,119,618 in incentives from NYSERDA's NY-Sun Program. The project will power around 895 homes and facilitate community solar subscriptions. Additionally, PowerBank faces challenges related to compliance with Nasdaq listing rules but continues with its operations and collaborations.

Heelstone Renewable Energy, Part Of Qualitas Energy, Secures Funding And Starts Building Two U.S. Solar PV Projects For Hyperscale Data Center Client

Heelstone Renewable Energy has commenced construction on two significant solar projects: the 104 MW Alligator Creek in Georgia and the 102 MW Murch in Michigan, totaling 206 MW. Backed by structured financing and long-term power purchase agreements, the projects aim for commercial operation by late 2026, enhancing Heelstone’s presence in the renewable energy sector.

Boviet Solar Reinforces Position in U.S. Landfill and Brownfield Solar Projects

Boviet Solar is solidifying its role in U.S. solar projects on landfill and brownfield sites, aiding the clean energy transition. With advanced PV modules, the company addresses unique site challenges while ensuring durability and compliance. Its expansion in domestic manufacturing supports resilience and sustainability, enhancing project viability and community revitalization efforts.
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INDIA AND SOUTH ASIA

DEE Development Engineers Limited Ends FY26 With ₹1,940.07 Cr Order Book, ₹155.70 Cr March Inflows, And Strong L1 Pipeline Of ₹209 Cr

DEE Development Engineers Limited reported a strong order book update for March 2026, with a total standing at ₹1,940.07 crore. The company secured fresh orders worth ₹155.70 crore in March and achieved a cumulative inflow of ₹1,869.67 crore for FY 2025-26. The performance highlights growth in domestic and international markets, supporting a positive outlook.

Green Stocks Lead Rally As Sensex Jumps 4% On US-Iran Ceasefire

The Indian stock market experienced a notable rally, with the BSE Sensex rising almost 4% to 77,562.90, largely due to a temporary U.S.-Iran ceasefire that eased geopolitical tensions. This uplifted investor confidence, resulting in gains across sectors, particularly in renewable energy and traditional infrastructure, as lower crude oil prices bolstered market sentiment.

Luminous Power Technologies Expands Odisha Investments in Solar and Energy Storage, Showcases Solutions in Khordha

Luminous Power Technologies has pledged its support for Odisha as a key location for solar manufacturing and renewable energy development. At a recent event, CEO Vivek Abrol highlighted investments in advanced energy solutions and facilities aimed at boosting local employment and economic growth, aligning with India's clean energy goals.

KERC Proposes Fee Amendment 2026 To Streamline Transmission Bidding And Tariff Adoption In Karnataka

The Karnataka Electricity Regulatory Commission has proposed amendments to its fee regulations to align with new practices in the power sector. The draft simplifies fees, including a flat annual license fee, and introduces a tariff adoption fee. Public feedback is invited within fifteen days, aiming to enhance transparency and competition in transmission projects.

EUROPE

Youdera Group Secures Strategic Investment From Amundi To Deploy €150 Million In Distributed Energy Infrastructure Across Europe For Commercial And Industrial Customers

Youdera Group SA has secured a strategic investment from Amundi Energy Transition to support a €150 million plan for distributed energy infrastructure across Europe. This investment aims to enhance businesses' resilience and competitiveness amid energy uncertainties. Youdera offers comprehensive, capital-free energy solutions, including renewable energy systems and management, aiding customers in reducing grid reliance and costs.

EnBW Commissions 6.22 MWp Solar Park With 6.1 MWh Battery Storage In Öhringen, Featuring 10,000 VSun Modules, Producing 7 Million kWh Annually For 2,500...

EnBW has launched a solar park in Öhringen, featuring around 10,000 solar panels and a 6.1 MWh battery storage system. Spanning 5.72 hectares, it will generate approximately 7 million kWh annually, serving about 2,500 households and reducing CO2 emissions by 5,000 tons yearly, thus supporting Germany’s climate goals.

E.ON Survey Shows Middle East Conflict Driving German Worry Over Energy Prices And Supply, But Daily Habits Barely Change

The ongoing Middle East war is causing significant anxiety among Germans regarding energy prices and supply shortages, with nine out of ten expressing concern. However, most have not changed their energy consumption habits significantly. A strong desire for energy independence exists, with many advocating for an accelerated energy transition towards renewables.

AFRICA

National Energy Regulator Of South Africa Initiates Public Process To Redetermine City Power Tariffs After Court Ruling

The National Energy Regulator of South Africa is reviewing electricity tariffs for City Power for the 2024/25 financial year following a court ruling that invalidated previous tariffs. Public comments are accepted until April 22, 2026, with a virtual hearing on May 20, 2026. Final decisions will be made by June 9, 2026.

South Africa Eyes Battery Gigafactories to Power Green Energy Growth

South Africa is emerging as a significant player in the global green energy sector, particularly in battery manufacturing. A feasibility study indicates potential for three large battery factories focusing on lithium iron phosphate cells. Government incentives, strong industrial capabilities, and partnerships with neighboring countries enhance its prospects, promising job creation and energy security.

ECA SA Warns Against Unqualified Solar Installations, Urges Strict Safety Compliance In South Africa

The Electrical Contractors’ Association of South Africa is urging caution regarding safety and compliance in the growing solar power market. They highlight the risks posed by unqualified individuals certifying installations, stressing the necessity for registered electricians to comply with safety standards. Proper verification of installers' credentials is essential for safe solar projects.

Oikocredit and GCPF Provide USD 10 Million Solar Financing Facility to Sawa Energy to Deploy 35 MW Across East Africa

Oikocredit and the Global Climate Partnership Fund have granted a USD 10 million debt facility to Sawa Energy to enhance solar and battery energy storage in East Africa. This initiative aims to deploy 35 MW across 250 projects, addressing energy challenges while supporting sustainable growth and reducing carbon emissions in the region.

THE MIDDLE EAST

E.ON Survey Shows Middle East Conflict Driving German Worry Over Energy Prices And Supply, But Daily Habits Barely Change

The ongoing Middle East war is causing significant anxiety among Germans regarding energy prices and supply shortages, with nine out of ten expressing concern. However, most have not changed their energy consumption habits significantly. A strong desire for energy independence exists, with many advocating for an accelerated energy transition towards renewables.

Lipton Teas and Infusions Commissions 580 kWp Solar Plant at Jebel Ali Facility in Partnership with Yellow Door Energy

Lipton Teas and Infusions has launched a 580 kWp solar plant at its Jebel Ali facility, generating around 958,000 kWh annually to cover 13% of its energy needs. This initiative is part of its decarbonisation strategy, aiming to reduce carbon emissions by 388,000 kg yearly while enhancing renewable energy adoption globally.

TOPCon Reliability in Practice: A Comprehensive White Paper on Performance & Bankability

As the solar industry rapidly advances toward high-efficiency n-type technologies, reliability has become a critical benchmark for long-term project success. In Part 2 of...

ADIB Mobilises AED 20.3B in Sustainable Finance in 2025, Advancing AED 60B 2030 Target

Abu Dhabi Islamic Bank (ADIB) has successfully mobilized AED 20.3 billion in sustainable finance by 2025, aiming for AED 60 billion by 2030. The bank has engaged in key transactions, supporting climate initiatives and ESG principles, reinforcing its role as a leader in Islamic sustainable finance in the UAE and region.

SOUTH EAST ASIA

Garuda Yamato Steel Commissions 6.5 MWp Solar Plant To Accelerate Green Steel Transition In Indonesia

PT Garuda Yamato Steel (GYS), a major Indonesian steel manufacturer, has launched its first large-scale solar power facility with iForte Energi, enhancing sustainable production. The 6.5 MWp solar system will reduce greenhouse gas emissions, support a decarbonization strategy, and align with Indonesia’s net-zero goals, while promoting energy efficiency and recycling initiatives.

Coro Energy Begins 1.6 MW Rooftop Solar Project In Vietnam

Coro Energy has signed a 25-year rooftop solar agreement with An Viet Phat Group in Vietnam, marking its expansion into the renewable energy sector. The initial phase involves installing 1.6MW of capacity across two factories, with plans for future expansions. This partnership aims to enhance clean energy use and reduce carbon emissions.

Citicore Expands Negros Solar Capacity To 94 MWp, Boosting The Philippines Clean Energy Push

Citicore Renewable Energy Corporation has launched a new 69-MWp solar project in Silay City, Negros Occidental, increasing the area's total solar capacity to 94 MWp. This initiative supports rising electricity demand and aligns with the Philippines' renewable energy targets to reach 35% by 2030. Further expansions and additional projects are planned.

Asian Development Bank Launches Regional Fund to Accelerate ASEAN Power Grid Integration

The Asian Development Bank has established the Regional Connectivity Fund for Energy in Southeast Asia to modernize electricity grids and support the ASEAN Power Grid by 2045. With initial funding of around $25 million, the initiative aims to enhance grid connectivity, promote renewable energy, and ensure reliable electricity for nearly 700 million people.

FROM ACROSS THE GLOBE

National Energy Regulator Of South Africa Initiates Public Process To Redetermine City Power Tariffs After Court Ruling

The National Energy Regulator of South Africa is reviewing electricity tariffs for City Power for the 2024/25 financial year following a court ruling that invalidated previous tariffs. Public comments are accepted until April 22, 2026, with a virtual hearing on May 20, 2026. Final decisions will be made by June 9, 2026.

PowerBank’s 7.1 MW Jordan Rd 2 Community Solar Project In Skaneateles Falls, NY, Approved For $2.7M In NY-Sun Incentives, Powers 895 Homes Annually

PowerBank Corporation's 7.1 MW Jordan Rd 2 community solar project in Skaneateles Falls, New York, has received up to $1,119,618 in incentives from NYSERDA's NY-Sun Program. The project will power around 895 homes and facilitate community solar subscriptions. Additionally, PowerBank faces challenges related to compliance with Nasdaq listing rules but continues with its operations and collaborations.

South Africa Eyes Battery Gigafactories to Power Green Energy Growth

South Africa is emerging as a significant player in the global green energy sector, particularly in battery manufacturing. A feasibility study indicates potential for three large battery factories focusing on lithium iron phosphate cells. Government incentives, strong industrial capabilities, and partnerships with neighboring countries enhance its prospects, promising job creation and energy security.

Youdera Group Secures Strategic Investment From Amundi To Deploy €150 Million In Distributed Energy Infrastructure Across Europe For Commercial And Industrial Customers

Youdera Group SA has secured a strategic investment from Amundi Energy Transition to support a €150 million plan for distributed energy infrastructure across Europe. This investment aims to enhance businesses' resilience and competitiveness amid energy uncertainties. Youdera offers comprehensive, capital-free energy solutions, including renewable energy systems and management, aiding customers in reducing grid reliance and costs.

INSIGHTS

China Adds 45 GW In Jan–Feb 2026, Solar Hits 1,232 GW As Total Renewable Capacity Reaches 2,381 GW

On March 31, 2026, the National Energy Administration reported significant growth in China's renewable energy sector, with a capacity of 2,381 GW, constituting 60.3% of total power. Wind and solar power led this surge, contributing 22.7% to electricity consumption. Future efforts will focus on efficiency, grid integration, and market engagement.

Solar-Plus-Battery Systems Could Meet 90% of India’s Power Demand at Competitive Costs: Ember Analysis

India’s energy sector is rapidly shifting towards solar-plus-storage systems, projected to meet 90% of electricity demand at a competitive cost. Achieving this requires 930 GW of solar and 2,560 GWh of battery storage, overcoming challenges of low solar generation in monsoons. Continued declines in battery costs enhance the viability of these systems.

Rooftop Solar Surges To 20% Of Puerto Rico’s Power Mix Amid Rising Energy Demand – EIA

Rooftop solar photovoltaic systems have become vital to Puerto Rico's energy transition, responsible for 20% of its electricity capacity by 2025. This growth, driven by reliability issues and policy support, has outpaced other energy sources. With 191,929 installations and growing battery storage, solar energy now ranks as the second-largest capacity source on the island.

Malaysia’s Solar Surge Hits Record Capacity Amid Renewable Energy Push

Malaysia's solar energy sector is rapidly growing, driven by government support and increasing private investment. Initiatives like the Net Energy Metering scheme have popularized solar installations, while falling technology costs enhance competitiveness. This growth not only advances Malaysia's renewable energy goals but also boosts the economy through job creation and local industry participation.

IN CONVERSATION

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...

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.

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...
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UPCOMING EVENTS

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PUBLICATIONS

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Technology

Breakthrough in Perovskite PV Stability Using Metal Oxide Layers

Halocell Energy has enhanced the stability of its perovskite photovoltaic modules by integrating advanced metal oxide nanoparticle inks from Sofab Inks. This innovation notably improves efficiency and resilience against environmental stresses. Under testing, these modules maintained near 100% efficiency after 1,300 hours, marking progress in perovskite technology for commercial use.

Explained – Grid-Scale Solar + Storage: Unlocking 24/7 Renewable Energy Supply

Grid-scale solar power is rapidly expanding but faces challenges due to its intermittent nature. Integrating large-scale battery storage enhances reliability by storing excess energy for later use, improving grid stability and reducing fossil fuel dependence. This collaboration also offers economic benefits, enabling round-the-clock renewable energy supply and supporting a sustainable energy future.

Solar Tech Weekly: Lithium-Air Battery Breakthrough; Why DCDBs Matter and More…

Recent advancements in energy technology include a breakthrough in lithium-air batteries with a novel tungsten diselenide catalyst, the rising importance of DC distribution boxes in solar plants, and the growing popularity of hybrid solar systems. Companies like Deye, JA Solar, and Fox ESS are enhancing energy storage and performance, while innovations in solar materials and safety are paving the way for a more sustainable future.

Lithium–Air Batteries Move Closer to Reality with Catalyst Breakthrough

A joint team from KIST and IAE has advanced lithium–air battery technology, overcoming efficiency and durability issues. They developed a tungsten diselenide catalyst that significantly improves reactions critical for battery function. This battery maintains stable performance for over 550 cycles, outperforming conventional catalysts and promising advancements in energy storage applications.

Explained: Why DC Distribution Boxes (DCDB) Are Critical For Safety And Performance In Utility-Scale Solar PV Plant

The DC Distribution Box (DCDB) is crucial in utility-scale solar PV plants, centralizing the collection and transmission of DC power while ensuring safety through components like fuses and surge protection. It enhances performance by simplifying cable management and enabling real-time monitoring, which optimizes maintenance and boosts energy yield in challenging conditions.

AUSTRALIA

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POWERGRID Wins Tumkur-II Transmission Project To Integrate 2.7 GW Renewable Energy

Power Grid Corporation of India Limited has won a bid for an inter-state transmission project to enhance India's power infrastructure. The project aims to integrate 2.7 GW of renewable energy and involves constructing a 400 kV transmission line in Karnataka. It will be managed under the BOOT model, ensuring grid stability and supporting clean energy goals.

Explained – Role Of Ultra-Thin Oxide Layers In Enhancing Carrier Selectivity In Topcon Cells

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