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04 November 2025
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Nov 04, 2025PV Magazine
From pv magazine France
A study by the Imal Initiative for Climate and Development, authored by Anas Hmimad and Rachid Ennassiri, assessed Morocco’s decentralized renewable energy systems (DERS) across 12 regions, using rooftop solar as the main focus. The researchers modeled three deployment scenarios –optimistic, median, and pessimistic – estimating power output, capacity, emissions avoided, and market value.
In the optimistic scenario, DERS could generate 66.8 TWh from 28.58 GW of installed PV capacity, cutting 48.19 million tons of CO₂. The median case projects 17.15 GW and 40.1 TWh, with 28.91 million tons of CO₂ avoided. Even the pessimistic scenario would deliver 8.57 GW and 20.05 TWh.
The report links this distributed potential to Morocco’s wider low-carbon transition, which expects 2.5 million electric vehicles by 2035. Their combined battery capacity of 39,420 GWh could cover up to 98% of EV charging needs in the optimistic case.
Hmimad and Ennassiri urged authorities to implement Law 82-21 on self-generation by 2026, publish the necessary decrees for bidirectional metering and compensation, and invest in smart grids. They also proposed creating a National Fund for the Integration of Energy Resources for Depletion to support small-scale investors and households.
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Morocco Distributed Solar Potential Pegged At 28.6 GwFrom pv magazine France
A study by the Imal Initiative for Climate and Development, authored by Anas Hmimad and Rachid Ennassiri, assessed Morocco’s decentralized renewable energy systems (DERS) across 12 regions, using rooftop solar as the main focus. The researchers modeled three deployment scenarios –optimistic, median, and pessimistic – estimating power output, capacity, emissions avoided, and market value.
In the optimistic scenario, DERS could generate 66.8 TWh from 28.58 GW of installed PV capacity, cutting 48.19 million tons of CO₂. The median case projects 17.15 GW and 40.1 TWh, with 28.91 million tons of CO₂ avoided. Even the pessimistic scenario would deliver 8.57 GW and 20.05 TWh.
The report links this distributed potential to Morocco’s wider low-carbon transition, which expects 2.5 million electric vehicles by 2035. Their combined battery capacity of 39,420 GWh could cover up to 98% of EV charging needs in the optimistic case.
Hmimad and Ennassiri urged authorities to implement Law 82-21 on self-generation by 2026, publish the necessary decrees for bidirectional metering and compensation, and invest in smart grids. They also proposed creating a National Fund for the Integration of Energy Resources for Depletion to support small-scale investors and households.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
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04 November 20252 min readMorocco Distributed Solar Potential Pegged At 28.6 Gw
PV Magazine
04 November 2025
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Cosmic Pv Power Enters Energy Storage Sector With Indygreen Mou For 2 Gw Battery Manufacturing Line At Rei 2025 – EqIn Short : Cosmic PV Power has signed an MoU with Indygreen Technologies at REI 2025 to set up a 2 GW lithium-ion battery production line for Battery Energy Storage Systems (BESS). The facility, expected by March 2026, marks Cosmic PV’s entry into energy storage manufacturing, complementing its solar cell expansion in Madhya Pradesh and supporting India’s renewable growth.
In Detail :Cosmic PV Power has taken a major step towards diversification by entering the Battery Energy Storage System (BESS) segment. The company has signed a Memorandum of Understanding (MoU) with Indygreen Technologies during the Renewable Energy India (REI) Expo 2025 to establish a 2 GW lithium-ion battery production line. This marks a strategic milestone in India’s clean energy transition.
The collaboration signifies Cosmic PV’s expansion beyond solar module and cell manufacturing, aligning with its goal of becoming a fully integrated renewable energy solutions provider. The planned 2 GW production line will enhance the company’s manufacturing capabilities and help address the growing need for efficient energy storage solutions across India’s rapidly developing renewable energy ecosystem.
According to the agreement, the new BESS production facility is expected to be commissioned by March 2026. Once operational, it will play a crucial role in supporting large-scale renewable projects, stabilizing grid operations, and promoting clean energy adoption. The initiative reinforces the commitment of both companies to innovation and sustainable growth in India’s energy sector.
Cosmic PV Power recently secured nearly 60 acres of land in Narmadapuram, Madhya Pradesh, to establish a 4 GW solar cell manufacturing line. The addition of energy storage manufacturing will complement this investment, enabling the company to offer end-to-end solar and storage solutions under one roof. This integrated approach is expected to enhance efficiency and cost competitiveness.
With this expansion, Cosmic PV aims to support India’s mission to achieve energy independence and net-zero emissions by 2070. Battery energy storage is increasingly being recognized as a key enabler for renewable integration, providing reliability, flexibility, and backup power. The new manufacturing line will help reduce dependence on imported storage systems and strengthen the domestic supply chain.
Indygreen Technologies, known for its expertise in energy storage and technology innovation, will collaborate closely with Cosmic PV on system design, production processes, and quality assurance. The partnership is expected to leverage advanced lithium-ion cell technologies to deliver high-performance battery solutions tailored for diverse applications, from grid-scale storage to commercial and industrial use.
The timing of this announcement at REI 2025 underscores the industry’s momentum toward integrated clean energy manufacturing. With growing demand for renewable energy and storage, India’s manufacturing landscape is rapidly evolving. Projects like this will accelerate industrial growth, foster innovation, and create employment opportunities in emerging green technology sectors.
The companies believe their collaboration will contribute to making India a global hub for advanced energy storage manufacturing. By developing localized technology and production capabilities, they aim to enhance cost efficiency, promote sustainability, and strengthen India’s position in the global renewable supply chain. The project also aligns with government initiatives promoting “Make in India” and “Atmanirbhar Bharat.”
Overall, Cosmic PV Power’s entry into the BESS sector represents a transformative move in its growth journey. Through strategic partnerships, technological innovation, and integrated manufacturing, the company is positioning itself as a leader in India’s renewable energy landscape. The collaboration with Indygreen Technologies is expected to pave the way for a cleaner, smarter, and more self-reliant energy future.
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04 November 20253 min readCosmic Pv Power Enters Energy Storage Sector With Indygreen Mou For 2 Gw Battery Manufacturing Line At Rei 2025 – Eq
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04 November 2025
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Cosmic Pv Power To Build 4 Gw Solar Cell Manufacturing Facility On 60-Acre Site In Madhya Pradesh, Strengthening India’S Renewable Energy Backbone – EqIn Short : Cosmic PV Power has secured 60 acres of land in Narmadapuram, Madhya Pradesh, to establish a 4 GW solar cell manufacturing facility. The project will be developed in phases and marks the company’s expansion into solar cell production. This initiative supports India’s goal of boosting domestic manufacturing and strengthening the renewable energy supply chain.
In Detail :Cosmic PV Power has announced a major milestone in its growth journey with the acquisition of 60 acres of land in Narmadapuram, Madhya Pradesh. The company plans to set up a 4 GW solar cell manufacturing facility on this site, marking its expansion into upstream solar manufacturing. The project aims to enhance India’s domestic solar production capacity and reduce dependence on imports.
This new facility will be developed in multiple phases, with a focus on integrating advanced technology and sustainable manufacturing practices. Cosmic PV Power envisions the plant as a key component of its vertically integrated production ecosystem, complementing its existing solar module manufacturing operations. The move positions the company among India’s emerging leaders in solar manufacturing and clean energy innovation.
Located in the Mohasa-Babai industrial area, the project benefits from Madhya Pradesh’s supportive industrial policies and infrastructure. The state government has been actively promoting renewable energy manufacturing, offering land and incentives to attract investment. Cosmic PV’s decision to establish the plant here highlights the growing importance of central India as a clean energy manufacturing hub.
The upcoming facility will specialize in high-efficiency solar cells designed to meet both domestic and export market demands. By producing cells locally, Cosmic PV aims to strengthen the value chain, lower costs, and improve energy security. The plant is expected to generate significant employment opportunities and contribute to the region’s economic development.
This investment aligns with the Government of India’s “Make in India” and “Atmanirbhar Bharat” initiatives, encouraging self-reliance in renewable energy manufacturing. As India targets ambitious solar capacity goals under its National Solar Mission, domestic cell production has become critical. Cosmic PV’s new facility will help bridge the gap between module assembly and indigenous cell supply.
The company’s leadership emphasized that this development marks a strategic shift towards full vertical integration. By adding cell manufacturing to its portfolio, Cosmic PV can better control quality, reduce supply chain risks, and enhance overall production efficiency. The initiative also underlines the firm’s commitment to advancing clean technology solutions within India.
Environmental sustainability will remain central to the facility’s design and operations. The company plans to implement eco-friendly production techniques and waste management systems to minimize the plant’s carbon footprint. Additionally, the manufacturing process will prioritize energy efficiency, water conservation, and responsible resource utilization.
The project represents not only a business expansion but also a contribution to India’s broader renewable energy goals. With rising demand for solar power installations, establishing a robust domestic manufacturing base is essential. Cosmic PV Power’s investment reflects confidence in India’s clean energy potential and long-term policy stability.
Overall, the new 4 GW solar cell plant in Madhya Pradesh reinforces Cosmic PV Power’s vision of becoming a fully integrated solar manufacturer. It showcases the company’s proactive approach to innovation, sustainability, and national energy growth. Once operational, the facility is expected to boost India’s renewable energy capabilities and strengthen its position in the global solar industry.
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04 November 20253 min readCosmic Pv Power To Build 4 Gw Solar Cell Manufacturing Facility On 60-Acre Site In Madhya Pradesh, Strengthening India’S Renewable Energy Backbone – Eq
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04 November 2025
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Alpex Solar Upgrades Uttar Pradesh’S Cell Plant To 2.2 GwReportedly, Alpex Solar’s board has approved the upgrade of its proposed solar cell facility in Kosi Kotwan, Uttar Pradesh, from 1.6 GW to 2.2 GW and transition to advanced G12R tunnel oxide passivated contact (TOPCon) technology.
The capex for the transition and expansion is estimated at Rs 31.36 billion, to be funded entirely through internal accruals. The first will establish 1.4 GW of G12R TOPCon capacity with trial production targeted for the first quarter of 2026–27. The second phase will add 800 MW within six months of phase I completion, with the full 2.2 GW facility expected to be operational during 2026–27.
Powerline
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01 November 20251 min readAlpex Solar Upgrades Uttar Pradesh’S Cell Plant To 2.2 Gw
Powerline
01 November 2025
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India Solar Module Output To Exceed 125 Gw In 2025, Says Wood MackenzieIndia‘s solar module manufacturing capacity is on course to surpass 125 GW in 2025, more than triple its current domestic market demand of around 40 GW, according to analysis by Wood Mackenzie.
The consultancy said in its latest report that this growth will lead to an inventory buildup of 29 GW by the third quarter of 2025. This figure compares to an inventory buildup of 13 GW as of the final quarter of 2023, and of 22 GW as of the final quarter of 2024.
Wood Mackenzie said the capacity surge highlights the success of the country’s production-linked incentive (PLI) scheme, but comes at a time when India is seeing a sharp downturn in its primary export market.
As a result of the 50% reciprocal tariffs imposed by the United States, solar module exports from India to the US fell by 52% across the first half of 2025 when compared to the first half of 2024.
“India’s government's PLI scheme has been highly effective in spurring factory announcements, but the industry is now seeing warning signs of rapid overcapacity similar to those that preceded China's recent price collapse,” said Yana Hryshko, head of solar supply chain research at Wood Mackenzie.
Cost differentials now stand out as a key challenge to India’s solar manufacturing market. An Indian-assembled module using imported solar cells costs at least $0.03/W more than a fully imported Chinese module, while a module made entirely in India under new domestic content requirements would cost more than double Chinese-manufactured modules, said Wood Mackenzie.
Hryshko added that despite such near-term challenges, India still holds the clearest potential to become the “only credible, large-scale alternative to the Chinese solar supply chain”. She suggested that India’s success now depends on shifting from just building capacity to achieving cost-competitiveness.
“This will require a pivot to aggressive research and development, investment in next-generation technology, and a strategic push to open new export markets in Africa, Latin America, and Europe,” Hryshko said. “The foundation is built; this is the next step to securing long-term success.”
Wood Mackenzie’s analysis also points out that India is deploying robust protective measures to support domestic manufacturers, including an Approved List of Models and Manufacturers (ALMM) and a recommended 30% anti-dumping duty on Chinese cells and modules.
By the end of the first half of the year, India’s PLI scheme had established 18.5 GW of module capacity, 9.7 GW of solar cell capacity and 2.2 GW of ingot-wafer capacity. Government figures also indicate that the scheme awarded a total 48 GW of module manufacturer capacity by the same date.
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01 November 20253 min readIndia Solar Module Output To Exceed 125 Gw In 2025, Says Wood Mackenzie
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01 November 2025
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Armenia Hits 1 Gw Solar MilestoneArmenia has surpassed 1 GW of installed solar capacity, meeting its national solar target four years ahead of schedule, according to Infrastructure Minister David Khudadtyan. The announcement, first reported by the ARKA news agency, marks a significant milestone for the nation’s clean energy transition.
Khudadtyan said the government is preparing to adjust its renewable energy incentives, with plans to scale back subsidies for standalone solar systems from 2026 and redirect support toward hybrid and battery storage projects.
“We intend to maintain the subsidy program, but we are solely focusing on supporting the installation of solar panels in conjunction with battery storage systems. This proposal is currently under review,” he said. “It is also possible to provide separate subsidies for the installation of batteries at existing solar power plants. The rationale is straightforward: the existence of 1,000 MW solar power plants presents certain challenges for Armenia's energy system.”
The 1 GW threshold suggests strong solar deployment in 2025. Data from the International Renewable Energy Agency show Armenia’s cumulative capacity stood at 485 MW at the end of 2024.
Armenia currently operates a net-metering regime that allows households and businesses to install systems of up to 150 kW for self-consumption and export surplus power to the Electric Networks of Armenia.
The Armenian Energy Agency reported in May that 37,465 distributed solar producers were connected to the grid as of April, providing a combined 486 MW, with an additional 31 MW awaiting connection.
In June, Spain-based FRV commissioned a 62 MW solar plant in eastern Armenia under a long-term power purchase agreement with the Electric Networks of Armenia, the country’s largest project to date.
Solar power now accounts for 17.2% of Armenia’s total electricity generation, according to the Statistical Committee of Armenia, trailing thermal generation at 30.4%, nuclear at 26.3%, and hydropower at 26.1%.
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31 October 20252 min readArmenia Hits 1 Gw Solar Milestone
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31 October 2025
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Bloom Energy Says It’S On Track For 2 Gw Annual Production CapacityFuel cell manufacturer Bloom Energy said it is on track to double its annual production capacity to reach 2 GW by the end of 2026. The company provides on-site, gas-fueled power to the industrial and utility sectors.
KR Sridhar, the company’s founder and CEO, said on an earnings call Tuesday that high demand from artificial intelligence data centers is a “once-in-a-generation opportunity to redefine how power is generated and delivered” for commercial and industrial customers.
On-site natural gas power generation is a necessity for high-performance AI factories, he said.
Bloom produces two main products, one that generates electricity and one for producing hydrogen. It has deployed about 1.4 GW of its energy systems in more than 1,000 locations in nine countries, according to Reuters. Its technology is based on solid oxide fuel cells that generally run on natural gas today, but the company says they're fuel-agnostic and could run on green hydrogen. The company says the fuel cells use 15%-20% less fuel to produce the same amount of energy compared with combustion turbines.
“Every year, for over a decade, our fuel cells have seen double-digit, year-over-year cost reductions,” Sridhar said.
The company can now compete in “large, power-hungry markets” across the Midwest, Mid-Atlantic and Texas, not just in higher-priced electricity markets like California and the northeastern United States, Sridhar said.
Bloom’s latest financial report shows a significant boost in research and development spending that Sridhar said would support further performance improvements. The company posted record revenue and a modest profit on adjusted earnings.
To make the most of the on-site power generation opportunity, Sridhar said Bloom is targeting the entire data center ecosystem.
This year, it has has signed agreements with hyperscalers like Oracle; electricity providers like AEP, which sells power to Amazon Web Services; colocation firms like Equinix, which rents server rack space to a range of companies and with which Bloom has deployed more than 100 MW of fuel cells; and “neoclouds” like Coreweave, which Sridhar said uses Bloom fuel cells at one of its Illinois data centers.
In each segment, Bloom identifies a major customer as its “lighthouse account” to establish credibility for other Tier 1 customers in the space, Sridhar said. Bloom ran this playbook last decade in the telecom business, he added, landing first AT&T and then competitors like T-Mobile to become “the standard for on-site power” in that industry.
Bloom is also helping gas companies looking to produce and sell on-site power to technology customers and infrastructure companies developing large-scale data centers, Sridhar said. Bloom announced a $5 billion partnership earlier this month with Canadian infrastructure giant Brookfield Asset Management that will position the fuel cell company as “the premier on-site power provider for Brookfield’s $1 trillion infrastructure portfolio,” he said.
This week, Sridhar suggested the $5 billion agreement was just the first phase of what could be a much larger partnership. Brookfield has already invested $50 billion in AI opportunities “and is tripling the size of its AI strategy over the next three years,” he said.
“It’s a very big relationship; I cannot overstate how important it is to us,” Sridhar said.
Earlier this month, Bloom said the two companies are actively collaborating on the design and construction of data centers globally and would announce a specific site in Europe before the year is out. On Tuesday, Sridhar described that facility as an AI inference data center, hosting AI models that respond to user inquiries in real time.
Energy Secretary Chris Wright’s proposal last week to expand the Federal Energy Regulatory Commission’s authority over large-load interconnections makes it “very obvious [that] even when you get that interconnection … you are entering the age of ‘bring-your-own-power,’” Sridhar said.
He said Bloom fuel cell systems are ideal for data centers hoping to power up before they get a firm grid connection, operate through peak-period curtailments thereafter and reduce net power costs through net metering arrangements with their utilities.
He acknowledged that other firm power resources, including open-cycle gas turbines, can and will fill the same niche for large data centers. But he downplayed concerns about being outcompeted given the vast opportunity at hand.
Utiltiy Dive Generation
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31 October 20254 min readBloom Energy Says It’S On Track For 2 Gw Annual Production Capacity
Utiltiy Dive Generation
31 October 2025
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India Achieved Historic Milestone In Power Sector: Surpasses 500 Gw And Renewable Generation Exceeds 50% Of Demand – EqIn Short : India has crossed a historic milestone in the power sector, with its total installed capacity surpassing 500 GW and renewable generation now exceeding 50% of national demand. As of September 2025, non-fossil sources—including solar, wind, hydro, and nuclear—account for 51% of total capacity, marking India’s accelerating transition toward clean, sustainable, and energy-secure growth.
In Detail :India’s power sector has achieved two historic milestones that show the nation’s steady progress toward a clean, secure, and self-reliant energy future.
As of 30 September 2025, the country’s total installed electricity capacity has crossed 500 GW, reaching 500.89 GW. This achievement reflects years of strong policy support, investments, and teamwork across the energy sector.
During FY 2025–26 (April – September 2025), India added 28 GW of non-fossil capacity and 5.1 GW of fossil-fuel capacity — showing how fast the clean energy share is rising.
On 29 July 2025, India reached its highest-ever renewable energy share in electricity generation.
That day, renewables met 51.5 % of the country’s total electricity demand of 203 GW.
This means that, for the first time, more than half of India’s power came from green sources in a single day — a remarkable sign of change.
With this progress, India has already achieved one of its major COP26 Panchamrit goals — to have 50 % of installed electric power capacity from non-fossil fuel sources by 2030 — five years early.
This success highlights India’s leadership in clean energy transition, achieved while keeping the electricity grid stable and reliable.
Significance of the achievement
India’s renewable energy push is creating new employment opportunities in manufacturing, installation, maintenance, and innovation—benefiting both rural and urban youth.
The Ministry of Power and the Ministry of New and Renewable Energy (MNRE) congratulate all power generation companies, transmission utilities, system operators, and state agencies for their role in this achievement.
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31 October 20252 min readIndia Achieved Historic Milestone In Power Sector: Surpasses 500 Gw And Renewable Generation Exceeds 50% Of Demand – Eq
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31 October 2025
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Inox Solar Inks Mou With Longi For Supply Of 5 Gw Of Solar ModulesInox Clean Energy Limited’s wholly owned subsidiary, Inox Solar Limited, has inked a MoU with LONGi (H.K.) Trading Limited for the supply of up to 5 GW of solar modules. The modules will be supplied over the next three years in the Indian market. Through this partnership, Inox Solar will collaborate closely with LONGi to ensure its manufacturing and quality standards are aligned with international benchmarks. The alliance is also expected to shorten the time lag in adopting new solar innovations in India.
Earlier in September 2025, Inox Solar commenced production at its solar module manufacturing facility in Gujarat, with an initial capacity of 1.2 GW.
Furthermore, in the same month, Inox Green Energy Services Limited inked agreements for the operation and maintenance of 189.1 MWp of operational solar projects across Maharashtra, Gujarat, and Madhya Pradesh.
Renewable Watch
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31 October 20251 min readInox Solar Inks Mou With Longi For Supply Of 5 Gw Of Solar Modules
Renewable Watch
31 October 2025
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Inox Clean Energy Subsidiary Partners With Longi To Procure 5 Gw Of High-Efficiency Solar Modules For Upcoming Clean Energy ProjectsInox Solar Limited, a wholly owned subsidiary of Inox Clean Energy Limited, has announced the signing of a Memorandum of Understanding (MoU) with LONGi (H.K.) Trading Limited, a global leader in solar technology. Under this strategic agreement, LONGi will supply up to 5 GW of solar modules over the next three years, marking a significant milestone in advancing India’s solar manufacturing capabilities.
The collaboration aims to strengthen India’s renewable energy ecosystem by enabling Inox Solar to work closely with LONGi to adopt internationally recognized manufacturing and quality standards. This partnership will bridge the technological gap in the adoption of new solar innovations, promoting efficiency and reliability across India’s rapidly growing solar sector. It also aligns with the national vision of self-reliance and sustainability under the Make in India initiative.
The agreement reflects LONGi’s commitment to the Indian market and its role in nurturing a technologically advanced solar manufacturing ecosystem in the country. By sharing its global expertise, technological know-how, and best practices, LONGi aims to empower local partners like Inox Solar to deliver high-performance and durable solar products tailored to India’s energy needs.
Inox Solar Limited has already commenced production at its state-of-the-art solar module manufacturing facility located in Bavla, Ahmedabad, Gujarat. The facility currently operates with an initial production capacity of 1.2 GW and is expected to expand to 3 GW in the coming weeks as part of its second-phase growth plan. Additionally, the company is setting up an integrated 5 GW solar cell and module manufacturing facility in Dhenkanal, Odisha, which will further strengthen its role in India’s renewable energy manufacturing landscape.
Speaking on the occasion, Mr. Devansh Jain, Executive Director of the INOXGFL Group, emphasized the importance of this partnership, stating, “We are committed to supporting India’s ambition of becoming a self-reliant solar manufacturing hub. Collaborations such as this are vital in bringing global technology and quality benchmarks to the domestic industry.”
Echoing this sentiment, Mr. Kailash Tarachandani, Group CEO Renewables, INOXGFL Group, added, “Aligning with a global leader like LONGi allows us to accelerate our journey toward manufacturing excellence. This partnership will help ensure that the Indian market continues to have access to advanced and competitive solar technologies.”
Mr. Frank Zhao, President of LONGi APAC, shared, “LONGi is dedicated to working with multiple partners across India to drive clean energy adoption. Through knowledge sharing and technical cooperation, we aim to support the growth of high-quality solar manufacturing in the region, in line with India’s renewable energy goals.”
Adding to this, Mr. Pablo, Head of Strategic Accounts, India & APAC, LONGi, remarked, “This partnership marks an essential step in accelerating India’s renewable energy goals and delivering sustainable, impactful solutions.”
The collaboration between Inox Solar and LONGi represents a forward-looking approach to strengthening India’s solar manufacturing capacity, driving innovation, and contributing significantly to the country’s clean energy transition.
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Solar Quarter
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30 October 20253 min readInox Clean Energy Subsidiary Partners With Longi To Procure 5 Gw Of High-Efficiency Solar Modules For Upcoming Clean Energy Projects
Solar Quarter
30 October 2025
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Saudi Arabia Awards 4.5 Gw Of Renewable Energy ProjectsSaudi Arabia’s Power Procurement Company (SPPC) has awarded five renewable energy projects under the sixth phase of the National Renewable Energy Programme supervised by the Ministry of Energy, with a cumulative capacity of 4.5 GW. The awarded projects include one wind and four solar projects, with total investments exceeding $2.4 billion. SPPC will oversee predevelopment studies, tendering, and power purchase agreements for the projects.
The Dawadmi wind independent power producer (IPP) plant, with a capacity of 1,500 MW, was awarded to a consortium including Korea Electric Power Corporation, Nesma Renewable Energy Company, and Etihad Water and Electricity Company PJSC. The project, located in Riyadh province, reportedly achieved a record-low levelised cost of electricity (LCOE) of $0.01338 per kWh. The Najran solar energy project, located in the Najran region with a capacity of 1,400 MW, is being developed in partnership with Masdar. The project recorded a LCOE of $0.01096 per kWh.
The Ad Darb solar PV IPP plant and Samtah solar PV IPP plant are both located in Jazan province and have capacities of 600 MW each. The Ad Darb plant was awarded to Masdar and recorded a LCOE of $0.01360 per kWh. The Samtah plant was awarded to a consortium comprising Saudi Electricity Company and EDF Power Solutions International SAS, and recorded a LCOE of $0.01486 per kWh. The As Sufun solar PV IPP plant, located in Hail province with a capacity of 400 MW, was awarded to a consortium comprising Al Jomaih Energy & Water Company holding and TotalEnergies Renewables SAS. The project reported a LCOE of $0.01506 per kWh.
Reglobal Org
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30 October 20252 min readSaudi Arabia Awards 4.5 Gw Of Renewable Energy Projects
Reglobal Org
30 October 2025
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Ebrd Invests In 1 Gw Of Solar, 1.3 Gwh Of Storage In UzbekistanThe EBRD has signed a financing package that will support the development of two large-scale solar-plus-storage projects in Uzbekistan.
The funding is being split between two special purpose vehicles – ACWA Power Sazagan Solar 1 and ACWA Power Sazagan Solar 2 – that are each majority owned by Saudi developer ACWA Power and will be co-owned by Japanese investors Sumitomo Corp., Shikoku Electric Power Co., and Chubu Electric Power Co.
ACWA Power Sazagan Solar 1 will receive a loan of $61 million for the development, construction and operation of a 500 MW solar plant alongside 668 MWh of battery energy storage in the Samarkand region of central Uzbekistan.
Meanwhile, an $81 million loan is being provided to ACWA Power Sazagan Solar 2 for the development, construction and operation of a 500 MW solar plant in the Samarkand region and a 668 MWh BESS in Uzbekistan’s neighboring Bukhara region.
When combined, the 1 GW of solar and 1.34 GWh of battery energy storage will be the largest solar-plus-storage facility in Uzbekistan and the wider region, EBRD says. The bank’s statement adds that the battery energy storage technology will improve grid reliability and flexibility by making additional energy capacity available during periods of peak demand.
The projects are expected to be co-financed by the Asian Development Bank, Islamic Development Bank, the Japan Bank for International Cooperation and Nippon Export and Investment Insurance covered lenders.
EBRD says it has invested €5.35 billion ($6.2 billion) in Uzbekistan to date across 188 projects, including projects that encompass 1.4 GW of solar capacity, 334 MW/501 MWh of battery energy storage and 1.65 GW of wind capacity.
Uzbekistan’s cumulative solar capacity stood at 2,275 MW at the end of 2024, up from 475 MW at the end of the year prior, according to figures from the International Renewable Energy Agency (IRENA).
The government of Uzbekistan is aiming to deploy 25 GW of solar and wind energy by 2030.
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30 October 20252 min readEbrd Invests In 1 Gw Of Solar, 1.3 Gwh Of Storage In Uzbekistan
PV Magazine
30 October 2025
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