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12 March 2025
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Mar 12, 2025PV Magazine
From pv magazine India
State-owned hydropower producer NHPC has concluded its Tranche-X 1.2 GW wind-solar hybrid tender with an average price of INR 3.41 ($0.039)/kWh.
Adani Renewable Energy has secured the largest slice of 600 MW at INR 3.41/kWh. Other winners at this price include Mahindra Susten (240 MW) and Sprng Energy (150 MW). Avaada was allocated 210 MW at INR 3.42/kWh.
NHPC will enter into a power purchase agreement with the successful developers for a period of 25 years.
The successful bidders will set up hybrid projects with or without energy storage on a build-own-operate basis to supply the contracted power. The projects can be located anywhere in India and must connect to the interstate transmission grid.
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India Charts 124 Gw Energy Storage Roadmap To Power Renewable Future – EqIn Short : India plans to install 74 GW of Battery Energy Storage Systems (BESS) and 50 GW of pumped hydro storage by 2032 to support its clean energy goals. This 124 GW storage target aims to ensure grid reliability, manage renewable fluctuations, and enable 24/7 green power. The initiative is key to achieving India’s 500 GW non-fossil fuel target by 2030.
In Detail :The Indian government has announced an ambitious plan to develop 124 GW of energy storage capacity by 2032. This includes 74 GW of Battery Energy Storage Systems (BESS) and 50 GW of pumped hydro storage. The move is a critical step in supporting the country’s clean energy transition and ensuring energy reliability.
As India rapidly expands its renewable energy capacity, particularly in solar and wind, the need for robust storage solutions becomes increasingly important. Intermittent generation from renewables can cause fluctuations in the grid, which energy storage systems can help balance effectively.
Battery Energy Storage Systems will play a key role in storing excess solar and wind power during off-peak hours and releasing it during periods of high demand. This flexibility is essential for maintaining grid stability and supporting round-the-clock renewable energy supply.
Pumped hydro storage, which involves storing energy by moving water between reservoirs at different elevations, will complement BESS by providing long-duration storage. This combination allows for both short-term and extended energy backup capabilities.
The government’s push aligns with its target of installing 500 GW of non-fossil fuel capacity by 2030. Achieving the energy storage goals will be critical to integrating this capacity into the national grid efficiently and sustainably.
India’s focus on scaling up storage infrastructure also opens avenues for investment, innovation, and job creation. With supportive policies, incentives, and private sector participation, the energy storage sector is poised to become a vital pillar of the country’s clean energy ecosystem.
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15 July 20252 min readIndia Charts 124 Gw Energy Storage Roadmap To Power Renewable Future – Eq
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15 July 2025
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Poland Allocates 1.67 Gw Of Pv In Renewables AuctionsPoland’s URE has shared the results of seven renewables auctions that took place this month.
An auction for solar and wind installations greater than 1 MW selected 95 solar bids with a combined capacity of 1,623 MW and three onshore wind bids totaling 82.7 MW.
The minimum price for solar agreed under the auction was PLN 216.90 ($59.46)/MWh compared to a maximum price of PLN 329.68/MWh, against a reference price of PLN 389/MWh.
The minimum price for wind agreed was PLN 100/MWh compared to a maximum price of PLN 320/MWh, against a reference price of PLN 324/MWh.
Meanwhile, an auction for solar and wind installations of no more than 1 MW selected 83 solar bids with a combined capacity of 47.7 MW and no wind bids.
The minimum price for solar awarded under the auction was PLN 314.77/MWh, compared to a maximum price of PLN 374.77/MWh, against a reference price of PLN 414/MWh.
As happened last year, a further five auctions were held covering hydroelectric power plants, agricultural biogas plants and installations using biomass and biogas other than agricultural. These auctions were not resolved due to a lack of offers, as Polish law stipulates an auction must receive at least three valid offers to be contracted.
URE said 21% (16 TWh) of the total electricity allocated across the seven auctions was approved, for 30% (PLN 5.0 billion) of the total value available.
Poland’s solar capacity reached 21,994 MW by the end of the first quarter of 2025, according to a new report from the country’s Instytut Energetyki Odnawialnej (IEO).
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14 July 20252 min readPoland Allocates 1.67 Gw Of Pv In Renewables Auctions
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14 July 2025
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Saudi Arabia Signs 5 Solar Ppas Totaling 12 GwIn Saudi Arabia, five solar power purchase agreements (PPAs) have been signed for a total capacity of 12 GW.
The PPAs were signed between the Saudi Power Procurement Company and a consortium led by ACWA Power acting as the main developer, in partnership with the Water and Electricity Holding Company (Badeel) and Aramco Power.
The solar projects include the 3 GW Bisha project in the Aseer region of southern Saudi Arabia, which has an agreed levelized cost of electricity (LCOE) of SAR 0.0484 ($0.0129)/kWh.
The PPAs also cover the 3 GW Humaji project in the western Madinah region, with a LCOE of SAR 0.049/kWh, and the 2 GW Khulis project in the western Makkah region with a LCOE of SAR 0.051/kWh.
The five solar PPAs are rounded off by two 2 GW projects in the Riyadh region, Afif 1 and Afif 2, each with an agreed LCOE of SAR 0.047/kWh.
A further two PPAs, covering two wind energy projects with a combined capacity of 3 GW, were also signed. The seven agreements represent the largest capacity globally signed for renewable energy projects in a single phase, a statement from the Saudi Power Procurement Company says.
Together, the seven projects have a total investment of SAR 31 billion ($8.3 billion) under the country’s National Renewable Energy Program. Marco Arcelli, Chief Executive Officer of ACWA Power, commented that the agreements are the largest and most comprehensive under the program to date.
Scheduled to be operational across the second half of 2027 and the first half of 2028, the financial close of each of the seven projects is expected by the third quarter of this year.
The Saudi Power Procurement Company is a subsidiary of the Saudi Electricity Company and is responsible for procuring, selling and trading energy within Saudi Arabia. Its work includes preparing feasibility studies and tendering electricity generation projects alongside signing PPAs with developer consortia.
According to data available on its website, the company has launched over 43 GW of renewable electricity generation projects since its inception. There are PPAs in place for over 38 GW of the capacity, with over 10 GW already connected to the grid.
Capacity connected to the grid is expected to reach 12.7 GW by the end of 2025 and surpass 20 GW by the end of next year.
Saudi Arabia's cumulative solar capacity surpassed 4.2 GW by the end of last year, according to figures from the International Renewable Energy Agency (IRENA).
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14 July 20253 min readSaudi Arabia Signs 5 Solar Ppas Totaling 12 Gw
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14 July 2025
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Iberdrola Plans 1.32 Gw Pumped-Hydro Storage Project In PortugalFrom pv magazine Spain
Iberdrola has initiated the environmental impact assessment (EIA) process for the Minhéu Hydroelectric Power Project, a pumped storage facility with 1,320 MW of installed capacity. If built, it would be the largest pumped-hydro station in Portugal.
The Minhéu project is designed to complement Iberdrola’s Alto Tâmega hydroelectric complex by increasing the system’s energy efficiency and storage capacity. It includes construction of a reservoir in the Cumeada area on Monte de Minhéu, hydraulically linked to the Alto Tâmega dam. Iberdrola holds exclusive rights to use the dam’s water resources.
The planned reservoir will not draw from any additional water basins. It will operate only with water already licensed for the Alto Tâmega reservoir.
The plant will run in reversible mode, using the elevation difference between the reservoirs for pumping and turbine operation. Iberdrola expects the project to add between 2,500 GWh and 3,000 GWh of annual output.
The project is open for public consultation from Friday through July 3.
Iberdrola commissioned the Alto Tâmega hydroelectric complex in 2023. The facility includes the Alto Tâmega reservoir (160 MW), the Gouvães pumped storage plant (880 MW), and the Daivões plant (118 MW). Gouvães and Daivões have been in commercial operation since 2022.
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14 July 20252 min readIberdrola Plans 1.32 Gw Pumped-Hydro Storage Project In Portugal
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14 July 2025
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Bihar Unveils Ambitious Renewable Energy Policy To Power 24 Gw Green Future By 2030 – EqIn Short : Bihar has approved its Renewable Energy Policy 2025, aiming to add 24 GW of clean power and 6.1 GWh of energy storage by 2030. The policy offers incentives like duty waivers, SGST reimbursements, and infrastructure support. It promotes solar, wind, biomass, green hydrogen, and EV infrastructure, positioning Bihar as a key player in India’s clean energy future.
In Detail :The Bihar cabinet has approved the Renewable Energy Policy 2025, laying out an ambitious plan to scale up clean power generation across the state. The policy sets a target of nearly 24 GW of renewable energy capacity and 6.1 GWh of energy storage by April 2030, aiming to significantly contribute to India’s clean energy transition.
To attract investment, the policy offers a range of incentives including 100% electricity duty exemptions for 15 years, SGST reimbursements, and waivers on stamp duty and land conversion charges. Developers will also receive support for transmission infrastructure up to 10 kilometers from project sites, helping to reduce upfront costs.
The state plans to promote a diverse mix of technologies such as utility-scale solar parks, floating solar, rooftop installations, agri-voltaics, biomass, wind, and waste-to-energy systems. Energy storage goals will be met through battery systems and pumped hydro projects, with targets of 4.5 GWh and 1.6 GWh respectively.
The policy also encourages open access projects, private sector participation, and the development of EV charging infrastructure. A framework for carbon credit trading and green tariffs is included to further incentivize clean energy generation and consumption.
Implementation will be overseen by the Bihar Renewable Energy Development Agency (BREDA), which will coordinate with various departments for hydro and pumped storage initiatives. A resource inventory will be created for each district to streamline land allocation and planning.
With this policy, Bihar aims to position itself as a leading renewable energy producer in India. The comprehensive roadmap is expected to attract ₹1.5 trillion in investments and contribute meaningfully to the country’s net-zero emissions goals.
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12 July 20252 min readBihar Unveils Ambitious Renewable Energy Policy To Power 24 Gw Green Future By 2030 – Eq
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12 July 2025
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India Poised To Deliver 52 Gw Round-The-Clock Clean Power By 2030, Says Ceew Study – EqIn Short : India can deliver 52 GW of round-the-clock clean power by 2030, saving ₹9,000 crore annually, according to a CEEW report. Integrating solar, wind, hydro, and 70 GW of battery storage will reduce power costs, emissions, and the need for new coal plants. The plan supports 600 GW non-fossil capacity, enabling reliable, low-cost, and sustainable electricity for India’s growing demand.
In Detail :India has the potential to supply 52 GW of round-the-clock (RTC) clean power by 2030, which could lead to annual savings of around ₹9,000 crore, according to a new report by the Council on Energy, Environment and Water (CEEW). The study highlights the economic and environmental benefits of shifting to a diversified clean energy mix.
The report suggests that a combination of solar, wind, hydro, and storage solutions can reduce wholesale power costs by 6 to 18 paise per unit. This, in turn, could lower overall power procurement bills by ₹13,000 to ₹42,400 crore annually, offering significant financial relief to utilities and consumers alike.
The analysis models 15-minute dispatch intervals to simulate realistic power system operations. It proposes a 2030 target of 600 GW of non-fossil capacity, comprising 377 GW of solar, 148 GW of wind, 62 GW of hydro, and 20 GW of nuclear energy. This mix is projected to enhance energy reliability and security.
A crucial part of the strategy involves integrating energy storage into the grid. The report recommends 70 GW of four-hour battery storage and 13 GW of pumped hydro storage to manage intermittency and ensure continuous power supply. These technologies are vital for maintaining grid stability and supporting RTC energy delivery.
Beyond cost savings, the shift to clean RTC power could cut carbon emissions by 9% to 16% and generate 53,000 to 100,000 new jobs. Importantly, the approach would also eliminate the need for new coal-based power plants, supporting India’s broader climate goals.
To realize this vision, the report calls for reforms in land use, improved state-centre coordination, streamlined transmission development, and strong policy signals. These include uniform tariffs and promotion of hybrid clean energy projects. The recommendations aim to align economic growth with environmental sustainability in India’s rapidly evolving energy landscape.
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12 July 20252 min readIndia Poised To Deliver 52 Gw Round-The-Clock Clean Power By 2030, Says Ceew Study – Eq
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12 July 2025
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Chinese Pv Industry Brief: China Railway Awards 3 Gw Module TenderChina Railway Construction Corp. said its IT arm announced the preliminary winners of its 2025 solar module framework procurement. Ten companies were shortlisted, including major players such as Longi, JinkoSolar, Trina Solar, Tongwei, JA Solar, Chint, and GCL SI. The contract covers the supply of 3 GW of n-type monocrystalline bifacial TOPCon modules, with each contract expected to be fulfilled within 170 days of signing.
Hangzhou First Applied Material has issued a profit warning for the first half of 2025, projecting net profit attributable to shareholders of approximately CNY 473 million ($65.2 million), down 49.05% year on year. The company said intensified competition and industry-wide overcapacity drove a decline in both procurement prices for photovoltaic resin and selling prices for PV encapsulation films. However, the drop in film prices outpaced raw material costs, causing a 46.72% fall in gross profit.
TCL Zhonghuan has released a preliminary earnings report forecasting a net loss between CNY 4 billion and CNY 4.5 billion for the first half of 2025. The company attributed the expected loss to falling product prices and inventory writedowns, highlighting financial strain caused by persistent oversupply in the solar supply chain.
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11 July 20252 min readChinese Pv Industry Brief: China Railway Awards 3 Gw Module Tender
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11 July 2025
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Brazil May Add 36.5 Gw Of Solar By 2029, Says Grid OperatorFrom pv magazine Brazil
The combined share of utility-scale and distributed solar in Brazil’s electricity mix is projected to reach 32.9% by the end of 2029, up from 22.2% in December 2024.
Installed solar capacity is expected to rise from 51.7 GW to 88.2 GW during this period. Distributed generation will grow from 35.1 GW to 64.1 GW, while centralized utility-scale PV capacity will increase from 16.6 GW to 24.1 GW.
This growth would make solar the second-largest source of installed capacity in the National Interconnected System (SIN).
The projection comes from the 2025-29 Energy Operation Plan released this week by the National System Operator (ONS).
The 2025 plan projects a 36 GW increase in total installed capacity, growing from 232 GW in December 2024 to 268 GW by the end of the forecast period. The total includes existing and anticipated micro and mini distributed generation (MMGD).
Energy demand is expected to grow at an average annual rate of 3.4%, reaching 94.6 GW by 2029. This figure includes the load contribution of MMGD.
São Paulo will lead MMGD expansion with 5 GW expected during the study period. Minas Gerais follows with 2.6 GW, then Rio de Janeiro with 2.1 GW, Paraná with 1.8 GW, Goiás with 1.7 GW, Rio Grande do Sul with 1.6 GW, Ceará with 1.2 GW, and Pará and Mato Grosso with 1.1 GW each.
The SIN electricity matrix will continue to show a high share of inflexible generation, which is projected to account for 75% of total load in 2026 and 73% in 2029. Inflexible generation must be dispatched without regard to system demand.
The SIN’s pumped-hydro storage capacity remains around 292 GW/month. However, the degree of regularization is expected to decline, increasing dependence on rainfall to refill reservoirs each hydrological year. Storage levels at the end of the rainy season in April will be increasingly critical to meeting load.
Given the high share of inflexible generation and growing need for fast-response resources, ONS advised against adding thermal capacity with high inflexibility or slow ramp-up times over the next five years.
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11 July 20252 min readBrazil May Add 36.5 Gw Of Solar By 2029, Says Grid Operator
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11 July 2025
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India Advances Toward 500 Gw Green Energy Target With Evs And Storage At Core Of Strategy – EqIn Short : India is on course to achieve 500 GW of non-fossil energy capacity by 2030, backed by rising renewable installations and policy momentum. Minister Harsh Malhotra highlighted electric vehicles, battery storage, and grid upgrades as critical to meeting climate goals. Local manufacturing and battery recycling will also play key roles in ensuring energy security and economic sustainability during the green transition.
In Detail :India is steadily progressing toward its target of achieving 500 GW of non-fossil fuel energy capacity by 2030. This ambitious goal is supported by a surge in clean energy installations, decreasing reliance on coal, and consistent policy support aimed at accelerating the energy transition. Recent trends show strong momentum across the renewable energy sector.
Minister of State for Power and New and Renewable Energy, Harsh Malhotra, emphasized the vital importance of integrating electric vehicles (EVs) into the national climate strategy. Speaking at a public forum, he noted that the growth of EVs is crucial not only for reducing carbon emissions but also for strengthening India’s energy security and economic resilience.
The push for EV adoption must be complemented by the rapid deployment of battery storage systems and a modern, flexible power grid. These components are essential to balance intermittent renewable sources like solar and wind, ensuring a stable and reliable energy supply across the country.
Malhotra also underlined the importance of developing local manufacturing capabilities to reduce import dependence. Strengthening domestic production of solar panels, wind turbines, and EV components will not only support job creation but also make the energy transition more self-reliant and sustainable.
Circular economy solutions, especially in battery recycling and reuse, were identified as another priority. Efficient battery management can help reduce environmental risks, optimize resource use, and further support the clean energy ecosystem, especially as EV adoption scales up in the coming years.
India’s progress reflects a holistic approach to energy transformation—one that integrates technology, policy, infrastructure, and sustainability. With sustained effort, the country is well-positioned to meet its 2030 renewable energy goals while contributing meaningfully to global climate commitments.
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11 July 20252 min readIndia Advances Toward 500 Gw Green Energy Target With Evs And Storage At Core Of Strategy – Eq
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11 July 2025
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India Surges Ahead In Clean Energy With 227 Gw Capacity And Solar Manufacturing Boom – EqIn Short : India’s renewable energy capacity has reached 227 GW, reflecting rapid growth driven by policy support and investment. Solar PV module manufacturing has surged nearly 38-fold, showcasing strong domestic capability. This expansion aligns with India’s goal of 500 GW non-fossil capacity by 2030, positioning the country as a major player in the global clean energy transition.
In Detail :India’s renewable energy capacity has reached an impressive 227 gigawatts, marking a significant milestone in the nation’s clean energy journey. This achievement reflects consistent policy support, rising investments, and strong commitment from both public and private sectors to transition away from fossil fuels.
Solar energy has played a key role in this expansion, with solar PV installations driving much of the recent growth. The solar sector’s manufacturing capability has also seen a dramatic rise, with domestic solar PV module production increasing nearly 38-fold over the past decade.
This surge in solar module capacity is aligned with India’s broader goals to reduce dependence on imports and strengthen self-reliance in the clean energy value chain. The government has provided incentives and implemented production-linked schemes to boost local manufacturing and create jobs.
Wind, bioenergy, and hydropower have also contributed to the overall renewable energy mix, supporting grid stability and regional energy access. The diversification of sources is helping India build a resilient and flexible energy system capable of meeting growing demand.
This growth comes as India works toward its long-term target of 500 gigawatts of non-fossil fuel capacity by 2030. The current momentum suggests that the country is well on track to meet, and potentially exceed, this ambitious climate and energy goal.
India’s rising renewable capacity and manufacturing scale-up place it among the global leaders in clean energy deployment. With continued focus on innovation, infrastructure, and financing, the country is positioned to play a crucial role in the international push for a low-carbon future.
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11 July 20252 min readIndia Surges Ahead In Clean Energy With 227 Gw Capacity And Solar Manufacturing Boom – Eq
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11 July 2025
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India Hits Record 21.9 Gw Renewable Boost In H1 2025, Eyes 17 Gw More By Year-End – EqIn Short : India added a record 21.9 GW of solar and wind capacity in H1 2025, led by 18.3 GW solar and 3.5 GW wind additions. Major contributions came from Gujarat, Rajasthan, and Maharashtra. Total renewable capacity reached 234 GW by June. With another 17 GW expected in H2, India is on track to meet its clean energy targets.
In Detail :India added a record 21.9 gigawatts of new solar and wind capacity in the first half of 2025, marking a 56% year-on-year increase. According to data from JMK Research, this growth reflects a strong push in both utility-scale and distributed renewable energy deployment across the country.
Out of the total additions, solar energy contributed 18.3 GW, including 14.3 GW from large-scale utility projects and 3.2 GW from rooftop installations. Wind energy accounted for the remaining 3.5 GW. This marks one of the highest first-half installations in India’s renewable energy history.
The second quarter of the year saw the bulk of these installations. Rooftop solar deployment grew by 76% compared to the same period in 2024, while utility-scale solar rose by 49%. Wind capacity additions jumped 84%, underlining broad-based momentum across renewable sectors.
By the end of June 2025, India’s total installed renewable energy capacity stood at approximately 234 GW. Solar power contributed about 50% of this total, followed by wind at 22%, large hydro at 21%, and smaller contributions from biomass and small hydro sources.
States like Gujarat, Rajasthan, and Maharashtra led the way in capacity additions, collectively accounting for over half of the new installations. These states have been central to India’s renewable energy drive, offering high solar and wind potential as well as investor-friendly policies.
With another 16 to 17 GW expected to be added in the second half of 2025, India remains on course to meet its mid-term clean energy targets. The growth reflects the country’s accelerated shift toward renewables as it aims to achieve 500 GW of non-fossil fuel capacity by 2030.
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11 July 20252 min readIndia Hits Record 21.9 Gw Renewable Boost In H1 2025, Eyes 17 Gw More By Year-End – Eq
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11 July 2025
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China On Track To Deploy 380 Gw Of Pv In 2025China’s total installed power generation capacity is expected to reach 3.99 TW by the end of 2025, up 19.2% from a year earlier, with wind and solar accounting for nearly half of the total, the State Grid Energy Research Institute (SGERI) said in its newly released China Power Supply and Demand Analysis Report (2025).
The report said that wind and solar will contribute 500 GW of new capacity in 2025, including 140 GW from wind, a 77.1% year-on-year increase, and 380 GW from solar, up 35.5%. This marks the first time renewable additions will surpass 500 GW per year in China.
By the end of May 2025, China had added 197.85 GW of solar capacity and 46.28 GW of wind for the year, representing year-on-year growth of 150% and 134%, respectively. Cumulative solar and wind capacity reached 1.684 TW, comprising 45.8% of the country’s total generation capacity.
China’s cumulative installed solar capacity has surpassed 1 TW, according to the National Energy Administration. As of May 2025, solar capacity stood at 1.08 TW, or 1,080 GW, up 56.9% from a year earlier.
The country’s power consumption is also increasing. Total electricity demand in 2025 is projected to exceed 10 trillion kWh, about 5% higher than in 2024, supported by ongoing economic growth. GDP is expected to expand by 4.5% to 5.5% in 2025, with 5% as the baseline scenario.
In 2024, electricity demand reached 9.85 trillion kWh, up 6.8% year on year. Industrial use remained dominant, accounting for nearly half of total consumption. Power use in high-tech manufacturing rose 10.3%, outpacing growth in the broader manufacturing sector. In contrast, traditional high-energy sectors such as steel and cement posted declines, weighed down by weakness in real estate and ongoing production restructuring.
SGERI also noted a shift in China’s energy mix. At the end of 2024, total generation capacity was 3.35 TW, with wind and solar making up 42% and non-fossil sources accounting for 58.2%. Coal remained dominant in actual power generation, producing 18 percentage points more electricity than its share of capacity would suggest.
To strengthen grid flexibility and improve interregional power balancing, several ultra-high-voltage transmission projects – including Qingdong, Zhongheng, and Kunyu – are set to come online in 2025.
While overall supply-demand conditions are expected to improve in 2025, SGERI warned that supply could tighten during peak summer periods in some areas. No large-scale power rationing is expected, and the winter outlook is largely balanced.
The report also cited emerging loads such as data centers, 5G base stations, and electric vehicle charging infrastructure. Data center consumption is expected to exceed 160 billion kWh in 2025, while 5G-related demand may contribute more than 30 billion kWh.
With record capacity additions and accelerating decarbonization, 2025 is poised to be a pivotal year for China’s power sector transformation, coinciding with the final year of the country’s 14th Five-Year Plan.
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10 July 20253 min readChina On Track To Deploy 380 Gw Of Pv In 2025
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10 July 2025
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