India’s Solar Cell Capacity To Cross 50 GW By 2027: Crisil Updated On Thu, Feb 6th, 2025 by Saurenergy India’s solar cell manufacturing capacity is set to touch 50-55 GW by fiscal 2027, up five-fold from 10 GW at the end of fiscal 2024, propelled by the government’s policy thrust to reduce imports of cells and modules, a study by Crisil Ratings said. The expansion will entail a capital expenditure (capex) of Rs 28,000-30,000 […] Read more
India’s Solar Energy Generation Increased 18% In CY24 Updated On Wed, Feb 5th, 2025 by Saurenergy India’s renewable energy sector witnessed a strong year-on-year growth in calendar year 2024 (CY24), with total renewable energy generation (including large hydro) reaching 3,87,553.52 million units (MU)—a 14.8% increase compared to 3,37,745.63 MU in CY23, as per the latest data from the Central Electricity Authority (CEA). Solar Energy Sees Impressive Growth A major contributor to […] Read more
MERC’s No To Wind-Solar-Thermal Bundling for OA Consumers In Maharashtra Updated On Wed, Feb 5th, 2025 by Saurenergy In an order that left some hope for a future rethink on the issue, the Maharashtra Electricity Regulatory Commission (MERC) has rejected a plea by the Captive Power Producers Association(CPPA) in the state to direct the key state discom/s to allow bundling of solar, wind and thermal power for use by captive consumers too. MSEDCL […] Read more
Q4 2024 Prices: EU-North America See Fall In Solar, Wind Sees Marginal Uptick Updated On Fri, Jan 31st, 2025 by Saurenergy The latest report by LevelTen Energy showcases the energy Power Purchase Agreement (PPA) trend for Q4, 2024 in the global west, i.e., the European and the North American market. The report found that the European solar PPA prices have been steadily declining over the last two years, as the energy sector continues to return to […] Read more
2024: China Installs 8 GW Solar Projects In Belt & Road Countries Updated On Thu, Jan 30th, 2025 by Saurenergy Chinese companies installed 24 Gigawatts (GW) capacity in Belt and Road (B&R) countries in 2024, according to a new report from Wood Mackenzie. This record number doubles the capacity installed in 2023 and is a new high for investment since the initiative was launched in 2013. Notably, renewable energy sources, particularly solar and hydropower, led […] Read more
As India Goes Past 100 GW Solar Milestone, No Time To Rest Updated On Wed, Jan 29th, 2025 by Saurenergy If ever there was a better use of the term turning point, inflection point, or simply the year when everything fell into place, 2024 would probably come the closest for the Indian solar market. These 365 days proved to be a harbinger of several good news for the different stakeholders in the industry, including solar […] Read more
South America Solar Growth in 2024: Achievements and Challenges Updated On Wed, Jan 29th, 2025 by Saurenergy South America continued its steady solar growth over the last half-decade in particular, and overall renewable energy capacity additions in general, through the year 2024. Brazil remained the biggest market on the Latin American continent, with other nations like Chile, Colombia, and Costa Rica showing diversity in renewable progress. On the other hand, Chile’s massive […] Read more
Global Solar Installations In 2025 To Stagnate At 493 GWdc: Report Updated On Mon, Jan 27th, 2025 by Saurenergy The global solar market continued its growth trend in 2024 to reach 495 GWdc installed capacity, with a 14% increase compared to 2023. A latest Wood Mackenzie report estimates a rise in power demand across regions due to the proliferation of data centers and growing electrification trends. However, the research report also cautions against several […] Read more
Europe: Solar Surpasses Coal With 11% Growth In 2024 Updated On Fri, Jan 24th, 2025 by Saurenergy European Union (EU) in 2024 witnessed an 11% rise in solar-generated electricity overtaking coal which fell below 10%. European Electricity Review by Ember said. The latest review by think tank Ember, identified, a decline in gas generation in the EU for the fifth year in a row, and total fossil generation also fell to a […] Read more
