Thursday, April 30, 2026

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UPEX 2026

Indore Municipal Corporation Commissions 60 MW Solar Plant Funded Through Green Bonds

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Indore Municipal Corporation has launched a 60 MW solar power plant in Khargone, financed primarily through green bonds. This initiative aims to power water pumping operations, saving ₹4-5 crore monthly and cutting carbon emissions by 1.46 lakh tonnes annually. The project sets a benchmark for urban renewable energy integration and sustainability.

AMERICAS

SUNation Energy Inc. Tops PSEG Long Island Territory In 2025 With 9.3 MW Of Installed Solar Capacity

SUNation Energy Inc. ranked first among solar contractors in total installed capacity in PSEG Long Island during 2025, installing 9.3 MW, a 29 percent increase from the previous year. CEO Scott Maskin emphasized strong customer demand and effective local execution as key factors in their growth and market leadership.

Monarch Private Capital and Generate Capital Close 104 MW Community Solar Investment Portfolio Supporting Over 15 Projects

Monarch Private Capital and Generate Capital have closed a 104 MW energy investment portfolio of over 15 community solar projects, expected to generate around $200 million in tax credits. Set to operate by 2026, the projects will power over 20,000 homes annually and prevent approximately 150,000 metric tons of CO2 emissions, enhancing energy reliability and affordability.

Entergy Arkansas, Google And ICF Launch Partnership To Expand Energy-Efficiency Access For Families In Crittenden County

A collaboration between Entergy Arkansas, Google, and ICF aims to improve energy efficiency for low-income families in Crittenden County by removing barriers to access. The initiative includes a $25 million fund for home repairs and energy upgrades, supporting around 200 households, while fostering community involvement through a local advisory council.

Iberdrola Expands Brazilian Transmission Partnership As GIC Invests In Seven New Projects

Iberdrola, through its subsidiary Neoenergia, has expanded its partnership with Singapore's GIC to invest 2.418 billion Brazilian reais in seven transmission projects across multiple states in Brazil. This investment strengthens Neoenergia Transmissão's position as a major electricity transmission company, managing 16 projects and nearly 8,000 kilometers of lines, illustrating Iberdrola's commitment to the Brazilian energy sector.
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INDIA AND SOUTH ASIA

Top Stories Of The Day: India Tops G20 Climate Goals; India’s First Inter-Track Metro Solar Project; POWERGRID Gets ₹4,000 Cr Loan and More…

India is taking significant steps in climate action, achieving substantial renewable energy targets and initiating innovative solar projects, including the first metro-based inter-track solar system. The country is also advancing various solar energy initiatives, while financial entities like POWERGRID are enhancing infrastructure through strategic loans, supporting the clean energy sector.

AMPIN Commissions 45 MWp Solar Project In Odisha, Expands C&I Renewable Portfolio

AMPIN Energy Transition has launched a 45 MWp solar power project in Odisha, marking its second open access project under the OREP-22 scheme. This facility provides clean energy to major corporate clients, allowing them to replace 50% of conventional power, achieve up to 30% cost savings, and reduce carbon emissions significantly.

Indian Markets End Lower On April 30; Green Energy Stocks Face Broad Selling Pressure

On April 30, 2026, Indian equity markets closed lower, with the S&P BSE Sensex down 0.75% and the NIFTY 50 down 0.72%, due to widespread selling across sectors, notably in renewable energy and electric mobility. Most stocks declined, although a few, like Praj Industries, showed minor gains amidst overall negative sentiment.

CERC Draft Regulations 2026 Introduce Market Coupling For Centralized Power Price Discovery

The Central Electricity Regulatory Commission (CERC) has proposed the "Power Market (Second Amendment) Regulations, 2026," introducing "Market Coupling" for unified electricity pricing in India. Grid India will become the Market Coupling Operator, overseeing price determination. The phased implementation targets the Day-Ahead and Real-Time Markets, enhancing efficiency and transparency.

EUROPE

EBRD And Inecobank Provide $30 Million To Support A New Green Mixed-Use Residential Complex In Yerevan, Armenia

The European Bank for Reconstruction and Development and Inecobank are funding a green residential complex in Yerevan, Armenia, with a loan of up to $30 million. The project, costing $92 million, aims for LEED Gold certification and supports local private enterprises, aligning with EBRD's strategy for enhancing economic competitiveness in Armenia.

Neoen Inaugurates Its First Solar Farm In Italy With The 7.4 MWp Arena Po Project Reaching Full Operation

Neoen has inaugurated its first solar farm in Italy, the 7.4 MWp Arena Po Solar Farm, which will generate 11.9 GWh of clean electricity annually for about 8,000 people. This project supports a broader power purchase agreement with Equinix, aligning with Italy's renewable energy goals and Neoen's growth strategy in Europe.

Notices To Proceed Issued For Garr And Johnstown North Solar Farms As Neoen Expands Its Irish Portfolio

Neoen has initiated construction for two solar projects in Ireland: the 162 MWp Garr Solar Farm and the 33 MWp Johnstown North Solar Farm. Both projects will enhance renewable energy capacity while significantly reducing CO₂ emissions. With a commitment to community benefits and biodiversity, Neoen aims to support Ireland’s renewable energy goals.

AFRICA

African Development Bank And The Government Of Gabon Conclude 10th Africa Energy Market Place To Advance Mission 300 Energy Goals

The African Development Bank and Gabon's government hosted the 10th Africa Energy Market Place in April 2026, focusing on energy reforms and investment to achieve the Mission 300 goal of connecting 300 million Africans to electricity by 2030. The forum fostered dialogue on Gabon's energy policies, emphasizing rural electrification and private-sector involvement.

South Africa Advances Clean Energy With 1.5 GW Hybrid Renewable Project In Eastern Cape

South Africa is advancing clean energy with a 1.5 GW hybrid renewable energy project in the Eastern Cape, developed by Dimsum Energy and Goldwind Africa. Combining wind and solar power, the project aims to enhance power reliability, support local communities through job creation, and attract global investors, while reducing carbon emissions and diversifying the energy mix.

Democratic Republic of Congo Awards Renewable Energy Project To Boost Power Supply And Support Mining Sector

The Democratic Republic of Congo has awarded a contract for a new renewable energy plant to enhance its power supply and address energy shortages. This project aims to diversify energy sources, particularly for the mining sector, while benefiting local communities and supporting global carbon reduction efforts. It reflects growing investor confidence in the DRC's energy sector.

Mining Giant Eyes Solar PV Procurement In Guinea To Power Sustainable Operations

A multinational mining company plans to procure solar photovoltaic capacity in Guinea, promoting cleaner energy use within the mining sector. This shift to renewable energy addresses cost reduction and ESG targets. Partnering with independent power producers, the company will implement on-site solar systems, fostering sustainable growth and reducing reliance on traditional energy sources.

THE MIDDLE EAST

Airengy Expands In Israel With 51% Stake In Green-Go To Boost Solar Project Capabilities

Airengy has signed a memorandum of understanding to acquire a 51% stake in Green-Go, enhancing its presence in Israel's renewable energy sector. This acquisition adds local project development capabilities to Airengy’s existing focus on energy storage in Europe, strengthening its strategic portfolio and operational efficiency in renewable projects.

Ras Al Khaimah Signs MoUs with Bank of China and ICBC to Boost Investment, Infrastructure and Renewable Energy Cooperation with China

Ras Al Khaimah has signed MoUs with the Bank of China and ICBC to enhance economic cooperation with China. The agreements aim to improve collaboration in manufacturing, logistics, renewable energy, and infrastructure, supporting the emirate's economic diversification. They will boost trade, investment, and financial linkages, reinforcing Ras Al Khaimah as a key destination for Chinese investment.

Week in Middle East: Saudi Arabia Launches 3 GW BESS Projects; Masdar Targets 100 GW Clean Energy; EDB Funds UAE Growth with AED 272M...

Saudi Arabia is advancing renewable energy with plans for 3,000 MW battery energy storage projects. Masdar aims for 100 GW of clean energy, while the UAE's Emirates Development Bank is funding growth in key sectors. The EBRD and Jordan are promoting renewable energy, and solar initiatives are growing across the region.

Bajel Projects Secures Ultra-Mega International Transmission Orders in MENA Region for 500 kV Grid Expansion

Bajel Projects Limited has secured two significant EPC orders in the MENA region worth over ₹400 crore, enhancing its presence in high-voltage transmission infrastructure. These contracts involve constructing 500 kV overhead transmission lines to support national grid reinforcement, improve stability, and meet rising industrial demand. The orders signify confidence in the company’s capabilities and strengthen its international growth strategy.

SOUTH EAST ASIA

Indonesia Launches Largest Rooftop Solar Project In Cikarang Industrial Hub

Indonesia has launched its largest rooftop solar power installation in Cikarang, West Java, to advance its clean energy goals. This project will supply clean electricity to an industrial complex, reducing reliance on fossil fuels and operational costs. It encourages broader adoption of solar energy, supporting Indonesia's renewable energy ambitions and enhancing energy security.

Philippines Pushes For Domestic Solar PV Manufacturing To Boost Energy Independence

The Philippine government plans to establish a solar photovoltaic module manufacturing industry, led by the Government Service Insurance System (GSIS). This initiative aims to reduce reliance on imports, support local job creation, and develop a complete solar supply chain, while also enhancing energy security and promoting environmental sustainability through clean energy solutions.

Lawson Philippines Partners with ACEN RES to Shift 25 Stores to 100% Renewable Energy

Lawson Philippines has partnered with ACEN RES to shift to 100% renewable energy for its operations, beginning with 25 stores in Metro Manila and nearby areas. This initiative, part of the Retail Aggregation Program, aims to reduce costs and environmental impact, supporting both local and corporate sustainability goals.

TotalEnergies and Nextnorth Achieve Financial Close, Begin Construction of 440 MW Solar Project in Philippines

TotalEnergies and Nextnorth have initiated construction of a 440 MWp solar power project in Ilagan, Isabela, set to launch by late 2027. This $300 million investment enhances the Philippines' renewable energy capacity, generating 13.5 TWh over 20 years, and aligns with broader decarbonization goals while securing long-term energy contracts.

FROM ACROSS THE GLOBE

South Africa Advances Clean Energy With 1.5 GW Hybrid Renewable Project In Eastern Cape

South Africa is advancing clean energy with a 1.5 GW hybrid renewable energy project in the Eastern Cape, developed by Dimsum Energy and Goldwind Africa. Combining wind and solar power, the project aims to enhance power reliability, support local communities through job creation, and attract global investors, while reducing carbon emissions and diversifying the energy mix.

SUNation Energy Inc. Tops PSEG Long Island Territory In 2025 With 9.3 MW Of Installed Solar Capacity

SUNation Energy Inc. ranked first among solar contractors in total installed capacity in PSEG Long Island during 2025, installing 9.3 MW, a 29 percent increase from the previous year. CEO Scott Maskin emphasized strong customer demand and effective local execution as key factors in their growth and market leadership.

Monarch Private Capital and Generate Capital Close 104 MW Community Solar Investment Portfolio Supporting Over 15 Projects

Monarch Private Capital and Generate Capital have closed a 104 MW energy investment portfolio of over 15 community solar projects, expected to generate around $200 million in tax credits. Set to operate by 2026, the projects will power over 20,000 homes annually and prevent approximately 150,000 metric tons of CO2 emissions, enhancing energy reliability and affordability.

Lawson Philippines Partners with ACEN RES to Shift 25 Stores to 100% Renewable Energy

Lawson Philippines has partnered with ACEN RES to shift to 100% renewable energy for its operations, beginning with 25 stores in Metro Manila and nearby areas. This initiative, part of the Retail Aggregation Program, aims to reduce costs and environmental impact, supporting both local and corporate sustainability goals.

INSIGHTS

Why Clean Energy Funding Is Failing To Reach Africa’s Renewable Projects – Study

Global funding for clean energy in Africa is increasing, but many projects stall due to unsuitable financial systems. Credit ratings linked to national profiles hinder project viability, while short loan durations pressure developers, increasing costs. Experts advocate reforms, including project-focused credit assessments and longer loan terms, to unlock Africa's renewable energy potential.

Global Solar Encapsulant Market Consolidates As Top Three Players Dominate 2025 Shipments – Report

The global solar PV industry is rapidly growing, with key materials like encapsulants evolving in demand and competition. The top three encapsulant suppliers dominate over 65% of shipments, indicating market stabilization. Challenges include oversupply, rising trade barriers, and the need for cost management, highlighting the importance of innovation and diversification in manufacturing.

China’s Data Center Boom To Surpass 60 GW By 2030, Power Demand Set To Double

China's data center industry is rapidly expanding, projected to exceed 60 GW capacity by 2030, driven by demand for AI and high-performance computing. Electricity consumption is expected to rise to 289 TWh, representing 2.3% of national use. Government initiatives focus on sustainability, requiring operators to meet stringent energy efficiency targets while integrating renewable sources.

Bangkok Industries Turn Rooftops Into Solar Assets Amid Rising Power Costs

Bangkok's industrial sector is increasingly adopting solar power installations on rooftops due to rising electricity costs and government incentives. Companies can save significantly on energy bills, with payback periods of 4.2 to 5.8 years. Challenges include building constraints and climate factors, but careful planning can lead to substantial long-term savings.

IN CONVERSATION

Tiger Neo 3.0 is Not Just an Upgrade, It’s a New Standard for West Africa – Esther Eyenobong (Sales Manager – West Africa) on...

At the Jinko ESS product launch in Nigeria in November 2025, Jinko Solar introduced its flagship N-type innovation, the Tiger Neo 3.0. Sales Manager...

Driving Solar Efficiency: AI-Powered Monitoring and Affordable SCADA Solutions – Ashok D M,  Founder, CEO & MD EnerMAN Technologies Pvt Ltd

EnerMAN Technologies offers IoT-based AI/ML SCADA solutions; what key innovations define your latest solar monitoring products? EnerMAN IoT SCADA (ETi-SOL), a web and mobile application...

Gokin Solar Strengthens Middle East Presence with High-Performance TOPCon Solutions – Hasan Alkarawi, Regional Manager

In this exclusive interaction, Mr. Hasan Alkarawi, Regional Manager at Gokin Solar, shares insights into the company’s rapid growth in the Middle East, its...

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.
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UPCOMING EVENTS

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UPEX 2026

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Technology

A Modular AI-Digital Twin Framework for Advanced Nuclear Operations

Researchers at Texas A&M University have created AROMA-GPT, an AI-enhanced monitoring framework for advanced nuclear reactors. This system integrates generative pre-trained transformers with digital twins, facilitating real-time decision support, contextualising sensor data, and ensuring reliability. Its modular design allows adaptability across various reactor types and has potential applications in broader energy systems.

Kentucky Researchers Turn Coal into High-Value Battery Material for Energy Storage

Researchers at the University of Kentucky are developing a method to convert coal into synthetic graphite for lithium-ion batteries, potentially reducing reliance on Chinese imports. The process yields highly pure graphite, improves material economics, and facilitates local battery production. This innovation aims to enhance the U.S. battery supply chain and resource utilisation.

Hefei Puskey Advances Flexible Solar with First Fully Dry-Processed Perovskite Module

Hefei Puskey New Energy Technology has achieved a notable breakthrough in advanced solar manufacturing with the successful rollout of its first flexible perovskite solar...

Explained – Cable Degradation And DC Losses In Solar PV Plants: The Hidden Efficiency Killers Impacting Energy Yield

Cable degradation and DC losses significantly impact the performance and returns of solar PV plants, often overlooked compared to modules and inverters. Resistance in cables, environmental damage, and poor installation practices contribute to inefficiencies. Regular maintenance and proper design are essential to mitigate these losses, ensuring optimal energy delivery and system reliability.

Solar Tech Weekly: ATESS Powers C&I Energy; Hydrogen via Reforming; Suryalogix Drives Renewables

ATESS Powers Next-Gen C&I Infrastructure with Hybrid Inverters & Power Stack Batteries ATESS is redefining commercial and industrial (C&I) energy infrastructure with its advanced hybrid...

AUSTRALIA

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Tiger Neo 3.0 is Not Just an Upgrade, It’s a New Standard for West Africa – Esther Eyenobong (Sales Manager – West Africa) on...

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Hindustan Power Secures Environmental Clearance for 1,600 MW Phase II Expansion of Anuppur Power Project

Hindustan Power has obtained environmental clearance for its 2×800 MW transitional power project in Anuppur, Madhya Pradesh, marking a key step in expanding its capacity. This project builds on an existing 1,200 MW thermal facility, aiming to enhance energy infrastructure and meet India's growing power demand while ensuring grid stability.