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European Union

Over $900M Mobilized For Clean Energy At 2025 SEforALL Forum

The SEforALL Global Forum committed over USD 900 million to scale energy access and drive the clean energy transition. Moreover, key global partners announced initiatives aimed at accelerating clean energy investments and promoting sustainable development worldwide. The SEforALL Global Forum held from 12-13 March in Bridgetown was co-hosted by SEforALL and the Government of Barbados […]

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Only 30-40% of EV Supply Chain Localized: ICRA

Investment Information and Credit Rating Agency, ICRA found that at present, only 30-40% of the EV supply chain is localized. There has been substantial localization in traction motors, control units, and battery management systems over the years, while battery cells, which constitute 35-40% of a vehicle’s cost, are still entirely imported. The relatively low localization […]

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SaurEnergy Explains: Balcony Solar – A Game Changer for Apartment Dwellers?

Solar power has taken over the world’s new power projects, becoming the harbinger of the renewable energy age that everyone awaited for so long. Indeed, the utility scale mega solar projects and rooftop solar have been the mainstream type of solar installations. However, other solar power systems, like the balcony solar systems, are quietly gaining […]

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Emerging Nations To Account For 85% Electricity Demand By 2027-IEA

Global electricity demand rose by 4.3% in 2024 and is forecast to continue growing at close to 4% through 2027. Over the next three years, global electricity consumption is expected to rise by 3,500 TWh, according to a recent report by the International Energy Agency (IEA). Moreover, the study found most additional electricity demand through […]

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News In Brief Jan 31: Torrent Power, EU’s Cross-Border Energy Infrastructure, Meta, Zelestra Agreement

Torrent Power Commissions 300 MW Solar Project In Gujarat Torrent Power Limited subsidiary, Torrent Saurya Urja 2 Private Limited (TSU2) has received a certificate from the Gujarat Energy Development Agency certifying the commissioning of a 300 MW solar project w.e.f. December 15, 2024. The Gujarat Energy Development Agency-certified solar power plant has come into full […]

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Europe: Solar Surpasses Coal With 11% Growth In 2024

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 […]

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Solar Glass: Borosil Renewables Halts German Unit To Cut Losses

Indian solar glass manufacturer Borosil Renewables has implemented its plan to temporarily halt solar glass production at its German plant. The Board of Directors had previously planned this move to reduce losses at the plant due to low demand for solar glass in the European market. Borosil Renewables produces solar glass in Germany through GMB […]

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Imec, EnergyVille Perovskite Solar Modules Retain 78% Stability After 1 Yr

Belgium-based Imec, a partner in EnergyVille, collaborated with the University of Cyprus, to demonstrate long-term outdoor stability of perovskite solar modules. Mini-modules of 4 cm2, developed at imec/EnergyVille, were evaluated over two years in real-world conditions in Cyprus, with a power efficiency retention of 78 percent after one year, which current perovskite solar modules only […]

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EU Solar Hits 65.5 GW, Risks Missing 2030 Target by 100 GW

The European Union (EU) solar market reached a new all-time high of 65.5 GW, but the annual growth has drastically decelerated. The market surged in the utility-scale solar market segment in 2024 at the expense of residential rooftop solar losses, found a Solar Power Europe report. The EU Market Outlook for Solar Power 2024-2028 warns […]

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