India’s energy sector is at a pivotal crossroads, reflective of a global narrative that pits the urgency of climate action against the inertia of established systems. The country’s pursuit of self-sufficiency in solar faces the headwinds of entrenched coal dependency and the fluctuating waves of international market forces. This juxtaposition forms the core of India’s energy paradox – the need for rapid industrial growth fuelled by coal, contrasted with the aspiration to lead in the renewables domain.
French manufacturing startup Carbon plans to launch the first part of its module production facility in autumn 2025, as part of a plan to bring 5GW of cell and 3.5GW of module manufacturing capacity to the European solar sector.
The US added 4,557MW of solar capacity in the first quarter of 2024, bringing the total installed capacity to over 100GW, according to the American Clean Power Association (ACP).
The European Commission (EC) has published new recommendations to encourage the faster permitting and installation of new renewable power projects within the EU, as the bloc looks to further decarbonise its energy mix.
The dynamics of solar supply in the US are continuing to shift.
US President Joe Biden has announced a series of tariffs directed towards Chinese goods, including solar cells.
The government of Serbia has signed a memorandum of understanding (MOU) with Chinese firm Hunan Rich Photovoltaic Science and Technology to build a 1GW solar module production facility in Serbia.
Global module prices are unlikely to fall much further and could begin to stabilise, the chairmen of two of China’s largest PV manufacturers, Trina Solar and JinkoSolar, have said.
The US Energy Information Administration (EIA) has published its latest Short-term Energy Outlook, which expects solar to be the driving force behind a slight growth in the US’ total electricity generation capacity.
Demand for solar modules has dipped in Europe since February, and both installation rates and prices have fallen, according to data from solar trading platform sun.store.
US companies have announced more than 100,000 jobs in clean energy manufacturing since the passage of the Inflation Reduction Act (IRA), according to figures from non-profit group E2.
In the dynamic energy landscape of Southeastern Europe (SEE), solar PV is emerging as a beacon of progress. With its widespread deployment across Europe, solar PV stands as a testament to the region’s commitment to sustainable energy.
