Will Norman

MNRE confirmed that from 1 June 2026, all solar projects under the ALMM scheme must source modules and cells from Indian manufacturers.

Recurrent Energy has signed a power purchase agreement (PPA) with an unnamed US tech company for a solar project in northern Spain.

Arevon said the project, in Kern County, brings its operational renewable energy capacity in California alone to over 3GW.

Sunstone is set to begin its engineering and procurement phase in early 2025 and start phased construction in 2026.

Swiss solar manufacturer Meyer Burger has secured US$39.48 million to support its restructuring operations and “stabilise” its business.

The company recorded losses of US$179.1 million in Q3, with revenues of US$88.5 million, in a continually difficult year.

US$14 million net losses for the quarter compared with net income of US$4 million in Q2 2024 and US$22 million in Q3 2023.

TotalEnergies has sold a 50% stake in a 2GW US solar and energy storage portfolio and acquired German renewable energy developer VSB Group.

A shift towards residential energy storage has seen Western inverter manufacturers lean into more complex, digital energy management products.

Power from the project, which is under construction, will be sold to PGE under a 25-year contract and marketed through its Green Future Impact (GFI) scheme.