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At the end of September, total global corporate funding for the sector stood at US$22.3 billion, down from US$28.9 billion at the same point in 2023.

In its World Energy Outlook 2024 report, the IEA said that geopolitical tensions and fragmentation are “major risks” for international energy supply security

Indian solar manufacturer Gautam Solar has announced plans to expand its module manufacturing capacity to 5GW by April 2025.

India’s state-owned company the National Hydroelectric Power Corporation (NHPC) has issued a tender seeking up to 2.4GW of solar PV capacity across India.

DNV's report shows that 2024 is a landmark year, but the energy transition still faces financial and political headwinds.

As of H1 2024 India has reached an annual nameplate capacity of 77.2GW for modules and 7.6GW for solar cells, according to Mercom India.

The partnership aims to boost the sale of solar cell equipment in India amidst a growth in capacity announcements.

Once complete, the project is intended to produce 5GW of tunnel oxide passivated contact (TOPCon) cells and 3GW of modules.

Indian state-owned energy company GAIL has partnered with green gases producer AM Green (AMG) to jointly explore establishing 2.5GW of hybrid solar PV and wind projects across India.

Alpex Solar's solar cell foray will be carried out in three phases with the first one adding 500MW annual nameplate capacity by October 2025.