Wood Mackenzie predicts global solar growth will stagnate in 2025
Wood Mackenzie’s latest report forecasts that 493 GW (DC) of solar will be added throughout the world this year, compared to 495 GW in 2024. Solar module prices are expected to rise this year as manufacturers aim to recover profit losses from the past two years.
PV module prices at crossroads
Martin Schachinger, founder of pvXchange.com, said PV module prices will depend on national and international demand trends in the coming months, with outcomes ranging from increases to stagnation or further declines. Almost anything is possible, but nothing is certain.
Waaree’s 1.6 GW solar facility in Texas starts commercial production
Waaree Solar Americas has started commercial production of PV modules at its 1.6 GW facility in Texas, USA.
Union Budget 2025-26: What India’s green industry expects from the upcoming budget
The 2025-26 Union Budget has the potential to be a defining moment in India’s journey toward a net-zero economy. By addressing key areas such as renewable energy, green hydrogen, sustainable mobility, and community-level projects, the government can create a robust framework for decarbonization.
Saatvik Green secures EPC contract for 23 MW of solar projects from HPPCL
Saatvik Green Energy has secured EPC (engineering, procurement, and construction) contracts for an 11 MW solar project in Lamlehri Upperli and a 12 MW solar project in Gondpur Bulla in Himachal Pradesh.
Trump orders pause to IRA funding
An executive order released by the White House states, “All agencies shall immediately pause the disbursement of funds appropriated through the Inflation Reduction Act of 2022”.
TOPCon IP battle intensifies with Qcells launching infringement notices
Qcells has launched an intellectual property (IP) dispute over alleged unauthorized use of its patented laser-enhanced contact opening (LECO) tech in tunnel oxide passivated contact (TOPCon) solar cells. The case underscores rising tensions in the PV industry over TOPCon patents.
Avaada Group closes $1 billion financing for its diverse projects for Q3 FY 2025
Avaada Group has completed INR 8,500 crore ($1 billion) in financing/refinancing for its large-scale solar projects, agrivoltaic projects under the PM-KUSUM scheme, commercial and industrial (C&I) projects and solar module manufacturing facilities.
Waaree Energies supplies 132.5 MWp of solar modules to Radiance Renewables
Waaree Energies manufactured and supplied 132.5 MWp of n-type TOPCon solar modules for a commercial and industrial project by Radiance Renewables.
Five solar businesses added to forced labor list, banned from U.S. entry
Under the Uyghur Forced Labor Prevention Act (UFLPA), five businesses in China were added to an entity list, making them ineligible to provide products and services in the United States.
