india

North America is expected to be the major market for solar trackers in the upcoming years driven by increased installations in the US.

Indosolar, a solar manufacturer and subsidiary of Indian company Waaree Energies, has started operations at a 1.3GW module assembly plant in India.

Canadian asset owner Brookfield has acquired a majority stake in Indian clean power company Leap Green Energy in a US$200 million equity investment.

Indian EPC firm Larsen & Toubro has secured contracts to build two solar PV plants in the Middle East with a combined capacity of 3.5GW.

India is still facing several challenges to increase its installed solar capacity, including financing and grid infrastructure. 

Dubai-headquartered renewable energy developer Jakson Green has signed a power purchase agreement (PPA) with the state-run utility National Hydroelectric Power (NHPC) for the output of a 400MW solar PV project in India.

The World Bank has committed US$1.5 billion to support India’s renewable energy transition, including new renewable power generation capacity.

Waaree Energies will supply modules for Juna Renewable Energy’s 412.5MWp project currently under construction in India.

The US has yet again been named the most attractive market for renewables investment and deployment opportunities, according to EY.

Solar PV is expected to generate 20% of global power across midday peaks on the summer solstice in the northern hemisphere, up from 16% in 2023.