The proposed amendments to insolvency law would help further enhancement in the timelines and effectiveness of proceedings as well as alignment of India's insolvency regime more closely with the global best practices
Spain installed 1.14 GW of solar capacity for self-consumption in 2025, lifting cumulative capacity to 9.3 GW, as residential and commercial installations declined while industrial and off-grid segments showed greater resilience, according to data from the Spanish Photovoltaic Union.
Solar self-consumption capacity in Spain reached a cumulative 9.3 GW in 2025, according to data from the Spanish Photovoltaic Union (UNEF).
Spain added 1,139 MW of new self-consumption capacity during the year, representing a 3.7% slowdown compared with 2024. UNEF said the deceleration signals a phase of market stabilization following several years of rapid growth.
The residential segment accounted for 229 MW across 36,330 new installations, a year-on-year decline of 17%. UNEF attributed the contraction to the phase-out of tax incentives linked to energy-efficient home renovations and lower compensation for surplus electricity exported to the grid under deregulated market contracts.
UNEF said falling surplus compensation prices are reducing the attractiveness of oversized systems designed primarily for grid injection. As a result, demand is shifting toward installations optimized for instantaneous self-consumption. The association is calling for revisions to the simplified regulated compensation mechanism to enable broader settlement of surplus energy and improve economic signals for small-scale systems.
The commercial segment installed 176 MW in 2025, down 15% from the previous year. Collective self-consumption remains limited despite its potential to optimize shared generation and demand. Industry representatives said pending regulatory updates are needed to enable aggregated management models, dynamic energy allocation, and an expansion of eligible self-consumption areas.
Industrial self-consumption installations totaled 679 MW, marking a slight increase compared with 2024. UNEF said growth in this segment is being driven by larger medium-voltage systems aimed at reducing electricity costs and partially covering electrified thermal demand. Project viability increasingly depends on tariff structures with a higher variable component and more streamlined permitting for medium-sized installations.
Off-grid installations reached 55 MW in 2025, reflecting growing uptake of hybrid solar-plus-storage systems in rural areas and locations without grid access. Battery integration in grid-connected installations also continued to rise, improving controllability of generation and supporting system flexibility.
UNEF said Spain will need to deploy an average of around 2 GW of self-consumption capacity per year to meet the 19 GW target set out in the country’s National Integrated Energy and Climate Plan. Achieving that level will require regulatory stability, administrative simplification, and more effective integration of distributed energy storage.
With conventional renewable PPA momentum slowing, Europe’s flexibility market soared in 2025, driven by a surge in fixed-offtake agreements and BESS optimization structures. At the same time, co-located storage gained unprecedented traction, signaling a shift toward more integrated and flexible energy solutions.
In a record-breaking year for flexibility in Europe, nearly 12 GW/24 GWh of BESS capacity was contracted under flexibility purchase agreements (FPAs) and optimization agreements, triple the volume recorded in 2024, according to Pexapark’s Renewables Market Outlook 2026. FPAs have emerged as the backbone of BESS bankability, unlocking infrastructure-style capital and enabling rapid expansion beyond Great Britain into Germany, Italy, and the Netherlands.
Contract innovation accelerated, with tolls, floors, and financial structures such as day-ahead swaps becoming mainstream, while new buyer profiles – including traders, insurers, and hedge funds – entered the flexibility market. By contrast, traditional European PPA momentum cooled in 2025 as markets adjusted to lower capture expectations. Total disclosed contracted PPA capacity fell to 13.1 GW across 247 deals, down from 15.3 GW in 2024.
To continue reading, please visit our ESS News website.
After hitting an all-time high of $121.65/oz on Jan. 29, silver prices have tumbled to $79.44/oz, with analysts warning of a potential drop toward $50/oz.
After reaching an all-time high of $$121.65 per ounce (oz) on Jan. 29, silver prices have fallen sharply in recent days, dropping to $79.44/oz this morning.
The downturn had been anticipated by two analysts interviewed by pv magazine on Jan. 27, who warned that the steep rally seen in previous weeks could reverse abruptly in the days ahead.
One of the two analysts, Mike McGlone, senior commodity strategist at Bloomberg Intelligence, said the price could stabilize around $50/oz, although he did not provide a timeframe for when this new trend might materialize.
“Reversion toward $50 appears as a normal path for the commodity known as the ‘devil's metal' due to its volatility,” he told pv magazine.
Rhona O’Connell, head of market analysis for EMEA and Asia at StoneX, said on Jan. 27 that investors might soon rethink their rush into silver. She explained that speculative buying had pushed the metal into risky territory, making prices vulnerable to a sharp correction. O’Connell also said fears of potential U.S. tariffs fueled the recent rally, swelling COMEX inventories as metal flowed into the U.S. Further gains are unlikely, she added, dismissing even $100/oz as unsustainable and warning of a potentially severe price reversal.
Silver prices surged by approximately 130% in the past six months and around 243% over the past year. The average silver price was $28.27/oz in 2024, $23.38/oz in 2023, and $21.80/oz in 2022.
Bulgaria installed over 1 GW of solar for the third consecutive year in 2025 and is forecast to add over 2 GW this year thanks to a large pipeline of utility-scale projects.
Bulgaria added 1,416 MW of solar last year, according to official data published on the ENTSO-E Transparency Platform. The result marks the third consecutive year Bulgaria has deployed over 1 GW of solar and takes the country’s cumulative capacity to 5,984 MW.
Desislava Mateva, project manager at the Sofia-based Association for Production, Storage and Trading of Electricity (APSTE) told pv magazine that Bulgaria’s solar market is currently dominated by ground-mounted, utility-scale solar plants, reflecting the availability of land, strong developer activity and increasing access to project finance.
Utility-scale solar made up around 90% of Bulgaria’s new capacity last year. Mateva said the market was driven by the strong commercial competitiveness of solar, making projects viable without direct subsidies, as well as active support from local and international banks and a large pipeline of development projects that reached the ready-to-build stage or financial close over the past 18 months.
Mateva also noted that Bulgaria is experiencing a wave of standalone battery energy storage system (BESS) deployments and the hybridization of both existing and new solar assets with BESS, as developers look to deal with price cannibalization and declining solar capture rates.
“These developments are expected to reduce price volatility, improve system flexibility, and mitigate capture-price pressure for solar producers,” she explained. “As a result, industry expectations remain positive.”
Among the largest projects to be commissioned in Bulgaria last year was the first phase of the 315 MW/760 MWh Tenevo hybrid project, with a second phase scheduled for commissioning early this year, and the Selanovtsi hybrid project, a 59.8 MW solar plus 107.3 MWh storage site in the northwestern Vratsa region. Bulgaria also commissioned one of the EU's largest standalone BESS facilities last year, located adjacent to a 107 MW solar park.
Bulgaria’s C&I solar market is showing steady momentum, particularly among projects designed for self-consumption, Mateva added, with rising electricity costs incentivizing businesses to invest in on-site solar, often in combination with storage.
In contrast, Bulgaria’s residential solar sector remains underdeveloped in capacity terms. Mateva said interest among households exists but the market segment has been constrained by regulatory complexity and limited incentives.
She added that the residential sector would benefit from the full liberalization of Bulgaria’s electricity market, as currently household electricity prices remain regulated, accounting for roughly 40% of national electricity demand. “Full liberalization would stimulate demand-side participation and unlock the residential solar and storage market,” she explained.
Looking ahead, Mateva predicted Bulgaria is on course for a record year in solar deployment in 2026. “An estimated 2.5 GW of additional solar projects are either under construction or at an advanced stage of development and expected to start construction soon,” she said. “This pipeline suggests that most of this capacity will be commissioned by the end of 2026.”
Bulgaria’s storage pipeline is looking equally healthy, with 15 GWh expected to be commissioned by half way through the year, supported by the country’s National Recovery and Resilience Plan.
Mateva added that the most significant policy change last year was a sharp increase in eco-taxes and recycling fees for solar panels and batteries. She explained that these fees are currently five to ten times higher than in comparable EU countries, in turn artificially inflating PV and BESS project costs.
“Unless addressed, this issue risks becoming a major bottleneck for new PV and BESS procurement,” Mateva told pv magazine. “Resolving this will require action from the Ministry of Ecology to align recycling fees with real-world costs and EU norms, ensuring that Bulgaria’s strong solar momentum is not undermined by avoidable regulatory distortions.”
Bulgaria opened a new grant program late last year targeting micro, small and medium-sized enterprises looking to deploy PV systems and storage, with a particular focus on those located in the country’s coal regions. The call is set to close next month.
Tesla and Chint Power rank first and second in a new long-duration energy storage leaderboard from Sightline Climate, while mechanical storage providers such as Italy’s Energy Dome feature prominently as post–final investment decision projects begin to reshape the competitive landscape.
An analysis of the long-duration energy storage (LDES) scene, focusing on technologies with at least eight-hour durations, shows the top two providers today globally are lithium-ion battery makers Tesla and Chint Power.
The new leaderboard by Sightline Climate, being developed over the past 15 months, according to the firm, gives a snapshot right now of leaders in LDES across factors including technology performance, financial profile, deployment track record, and economics and cost.
Lukas Karapin-Springorum, a research analyst at Sightline who introduced the LDES leaderboard to ESS News, said efforts to accurately rank players have been focusing on the core factors that matter to find the names that stakeholders like utilities, banks, and investors need to know right now.
To continue reading, please visit our ESS News website.
India’s renewable energy industry is urging the government to use Union Budget 2026 to unlock stalled projects, lower financing costs, and accelerate domestic manufacturing across solar, storage, and grid infrastructure.
The upcoming budget must prioritize in-house technology and equipment development, provide clarity on delayed power purchase agreements (PPAs) and power sale agreements (PSAs), increase budgetary allocation and policy support for Green Energy Corridors, introduce production-linked incentives for battery energy storage system (BESS) manufacturing, establish an Approved List of BESS Integrators (ALBI), lower the cost of capital through priority sector lending, extend ALMM for solar cells, and continue the ISTS waiver, among other measures.
1. Focus on In-House Technology & Equipment Development
The government should place strong emphasis on in-house development of cutting-edge solar technologies, enabling India to achieve self-reliance in a shorter timeframe and indigenize next-generation technologies.
In addition to this critical, solar, cell & module manufacturing equipment should be brought und er the PLI framework. This support may subsequently be extended in a phased and structured manner to wafer and ingot manufacturing equipment. India already possesses strong equipment manufacturing capabilities across multiple industrial sectors. Leveraging these capabilities, coupled with indigenous technology development, can rapidly position India as a globally competitive and self-reliant solar manufacturing hub.
2. Clarity on Delayed PPAs and PSAs
As of January 2026, over 45 GW of renewable energy capacity in India is facing large delays in signing Power Purchase Agreements (PPAs) and Power Sale Agreements (PSAs), with developers. This uncertainty has raised serious concerns among investors and lenders. The industry requests the government to provide clear confirmation in the budget that these PPAs and PSAs will be signed expeditiously. Such assurance will significantly improve sectoral sentiments and catalyse increased inflows of both equity and debt into India’s renewable energy sector.
3. Strengthening Green Transmission Infrastructure
The industry appreciates the increased budgetary allocation and policy focus on Green Energy Corridors. Continued emphasis with higher allocations and faster execution is critical to ensure timely grid connectivity for upcoming renewable capacity.
Additionally, procedures and guidelines at the state level for grid connectivity and charging infrastructure should be further streamlined to ensure faster approvals, seamless evacuation, and immediate power injection upon physical commissioning of projects.
4. PLI for BESS Manufacturing
“Solar and BESS Manufacturing” to be re-categorized into “Infrastructure” category of RBI for ease of financing and re-financing. A dedicated PLI scheme for BESS manufacturing—similar to solar—should be introduced, encouraging local integration of components such as Containers, HVAC systems, Cabling, Fire-fighting systems. Only Lithium-ion cells, which are currently not manufactured at scale in India, should be permitted for import under this scheme.
5. Approved List of BESS Integrators (ALBI)
An Approved List of BESS Integrators, on the lines of ALMM for solar modules, should be introduced. This will ensure grid-connected BESS assets meet quality and safety standards, minimize systemic risks to the electricity grid and Improve investor and lender confidence.
6. Lower Cost of Capital & Priority Sector Lending
India is estimated to require USD 200+ billion in investments by 2030 to meet its clean energy targets. Access to competitively priced capital will be critical. The industry requests the inclusion of renewable energy projects under Priority Sector Lending and Re-introduction of lower TDS rates on interest for ECBs and Rupee-denominated bonds. These measures will materially reduce financing costs and accelerate project deployment.
7. Extension of ALMM for Solar Cells
Considering manufacturing of solar cells in the country is still picking up and with an increasing demand for Solar cells &supply demand mismatch, government should consider exceeding its target to introduce ALCM for cells for a further period of 2 years.
8. Extension of ISTS Waiver
Interstate charges on power transmission through ISTS connectivity are waived till 2025. This should be further extended over the next 5 years to give a steeper boost to C&I segment which has large ISTS opportunities.
9. Concessional Corporate Tax Rate for Manufacturing
The concessional 15% income tax rate for new manufacturing entities in the renewable energy sector should be reintroduced in Budget 2026 and to be extended for a minimum of five years.
10. Exclusion from Deemed Dividend Tax
Renewable energy companies should be excluded from deemed dividend tax provisions in cases where loans or advances are provided by SPVs to shareholders. This will enable optimal capital utilization within project groups.
11. Reduction of GST on BESS
Lower GST on BESS and related products from existing18% to 5%. BESS enables grid stability and allows more RE to be integrated into the grid. Lower GST will accelerate adoption, encourage domestic manufacturing, support job creation, exports, and emissions reduction.
12. GST Exemption on Corporate Guarantees
Exemption of GST on Corporate Guarantee for renewable energy companies wherein Corporate Guarantee is provided by Holding Company to lenders in respect of funding obtained by SPVs.
Renewable generation supplied more than half of Australia’s electricity in the fourth quarter of 2025, driving wholesale power prices down by nearly 50% and coinciding with record battery output, according to the Australian Energy Market Operator (AEMO). Coal-fired generation fell 4.6% year on year to a record quarterly low, while gas-fired output dropped 27% to its lowest level in 25 years.
The last few weeks have been an object lesson in the benefits of the transformation of our energy market, dispelling the myths promulgated by fossil fuel vested interests that increased renewable energy means more expensive power and reduced grid reliability. We have seen exactly the opposite of that: with increased extreme weather events including unprecedented heatwaves and devastating fires in southeast Australia, the grid has proven resilient under surging demand and stress, and now AEMO confirms that increased renewables correlates with a significant decline in wholesale prices.
Grid reliability over the last decade has been significantly improving. The coincidence of extreme weather events and heatwaves has been matched by record production of variable renewable energy (VRE), particularly solar power.
But the big disruption that we’re seeing – which started profoundly in 2025 and is going to be even more consequential in 2026 – is batteries. AEMO reports that battery discharge nearly tripled in the fourth quarter. Behind-the-meter and utility scale battery storage capacity underpins reliable and stable energy supply when demand is high and grid transmission capacity is constrained, supplying power instantly during demand peaks, shifting low cost zero-emissions energy from low-demand to high-demand periods and reducing reliance on peaking gas plants.
The economics are unbeatable. We’ve seen the price of batteries plummet by 90% in the last decade and decline by 50% in the last three years. In a brilliant policy initiative, the federal government capitalised on the economic case to establish Cheaper Home Batteries scheme. We’ve now seen 200,000 batteries installed in just over six months, 4.7 GWh of batteries behind the meter in homes, supporting solar production in which Australia excels as we lead the world in rooftop solar installations. And Treasurer Jim Chalmers upscaled funding of this program to $7.2 billion last month.
But we’re also seeing a profound deployment of battery energy storage systems (BESS) at the utility scale. Australia was the third largest installer of batteries in the world in 2025, behind only the USA and China, and will likely repeat this again in 2026. It was important to see Akaysha Energy commission its second BESS near Brisbane this month, five months ahead of schedule, following its now operational 205 MW /410 MWh Brendale battery, which will play a key role in Queensland’s grid. As we continue this rapid build out into 2027, this allows an even greater share of renewable energy infrastructure to be deployed, leveraging the existing grid infrastructure. 2026 will be another year of record highs for renewables share in Australia. Non-solar households are set to be able to opt-in to benefit from the Solar Sharer three free hours of energy daily from July 2026.
The imperative of grid system reliability means at present we need as many solutions that are economically viable as possible, while focussing on transitioning as quickly as possible to a low-cost, clean, firmed renewables powered energy system. Gas currently plays an important but small and rapidly declining role in stabilising the grid. We are not going to run the Australian grid solely on batteries, but the positive impact of batteries operating and price setting is being seen an increasing percentage of the time, as battery energy densities improve phenomenally and two hour-discharge batteries become four-hour batteries, and even potentially eight-hour duration. This trajectory equates to record low use of prohibitively expensive fossil gas, as the AEMO report shows, with big batteries on the brink of making up a greater share of Australia’s electricity grid than gas in 2027.
Coal power is increasingly unreliable as our end-of-life coal clunker fleet is more and more prone to breakdown. The recent announcement of yet more taxpayer subsidies to extend the life of the Griffin Coal mine in WA, and Origin’s decision to delay the closure of its Eraring coal-power plant in NSW, the country’s largest, are timely reminders of the need to even further accelerate the transition by building replacement generation capacity fast, ahead of coal closures.
And for all the nuclear distractions in the 2025 Federal election, we note China just reported a staggering 446 GW of new renewable energy capacity additions and a world record 174 GWh of batteries in 2025. Nuclear additions of 1.7 GW are a rounding error in comparison.
The key point here is that the heatwaves and fires across southeast Australia and the increasing frequency and intensity of extreme weather events are evidence of the rapidly rising externalised cost to all of climate change. This is the very reason we must move away from climate-destroying coal and gas at speed and scale, to firmed renewables.
For all the misinformation and fearmongering of fossil fuel vested interests, the energy system transformation is unstoppable and its strengths increasingly evident to all, as the last few weeks have proven.
Authors: Tim Buckley, director of Climate Energy Finance, and AM Jonson, editorial director of Climate Energy Finance
UL Solutions has published new technical guidance and a proposed certification pathway for plug-in balcony solar systems, outlining safety risks and design requirements as several US states move to legalise the technology.
UL Solutions has released new design guidance and a proposed certification framework for balcony solar, also known as plug-in PV (PIPV), as US policymakers and manufacturers begin to explore consumer-installed solar systems that connect directly to wall outlets.
In a white paper titled “Interactions of Plug-In PV (PIPV) with Protection of Existing Power Systems,” UL outlines safety considerations for products that allow consumers to plug solar modules into existing residential circuits. The document identifies three primary risk categories: overcurrent protection, touch safety and ground-fault protection.
UL moved quickly to develop a new certification pathway, UL 3700, an Outline of Investigation for Interactive Plug-In PV Equipment and Systems, following the passage of Utah’s balcony solar legislation. Similar bills are now under consideration in other states, including California’s Senate Bill 868.
According to UL, overcurrent protection presents a key challenge because PIPV systems can inject power into branch circuits without being detected by standard circuit breakers. In some scenarios, combined household loads and injected solar power could exceed a circuit’s design limits without triggering protective devices, increasing the risk of overheating conductors and associated components.
UL said potential mitigation measures include dedicated circuits for PIPV systems, solar-specific receptacles, or connection to circuits with oversized conductors.
Touch safety is another concern, as PIPV systems are handled directly by consumers rather than trained electricians. While standard household plugs are well understood as loads, UL notes they have not been evaluated as power sources. The organization also flagged challenges related to inverter behaviour, particularly anti-islanding and grid-response functions that may not be designed for frequent plug-in and unplugging events.
Ground-fault protection was identified as the third major risk area. Because PIPV systems are typically installed outdoors and exposed to weather, UL said interactions with ground-fault circuit interrupters require careful design. Current electrical code requires outdoor receptacles to be on dedicated branch circuits, which may necessitate new outlet designs or dedicated connections for PIPV systems.
Ken Boyce, vice president of principal engineering at UL Solutions, said the organisation’s role is to evaluate safety outcomes rather than commercial viability. As of mid-January, he said UL was not aware of any PIPV products that had completed certification under UL 3700, noting that the outline was only released in mid-December.
To continue reading, please visit our pv magazine USA website.
The changes include additional excise duty on cigarettes, a health and national security cess on pan masala, and an MRP-based GST valuation system for tobacco products
Repsol and Sunfire are advancing 200 MW of renewable hydrogen projects in Spain, while new collaborations and funding across Europe and India aim to accelerate electrolyzer development and hydrogen infrastructure.
Repsol has approved its second 100 MW electrolyzer at the Petronor industrial complex in Bilbao. “The electrolyzer will have the capacity to produce up to 15,000 tons of renewable hydrogen annually, which will mainly be used at the company’s Petronor refinery outside Bilbao in Northern Spain,” said the Spanish oil and gas company, adding that the new plant for producing renewable hydrogen will require an investment of €292 million ($347.9 million). The company did not explain the timing of the installation.
Sunfire said it will supply two 100 MW electrolyzers for renewable hydrogen projects in Spain. The first project, led by Repsol and Enagás Renovable, will install a 100 MW electrolyzer near Repsol’s industrial complex in Cartagena. The second 100 MW plant will be located at Petronor’s refinery in Muskiz (Bilbao), which is owned by Repsol and Kutxabank,” said the German company. For each of the two 100 MW projects, Sunfire will deliver ten of its 10 MW pressurized alkaline electrolyzer modules.
Matteco and Dunia Innovations have kicked off a strategic collaboration to accelerate the development of catalyst layers used inside AEM (Anion Exchange Membrane) electrolyzers. “Matteco contributes deep expertise in electrocatalysts, functional inks, and scalable electrodes, while Dunia brings its AI-guided experimentation platform, which helps test and compare many different material options quickly and consistently, under conditions that reflect how real electrolyzers operate,” said Spain-based Matteco. Dunia Innovations is based in Germany.
TheEuropean Commission said it will allocate nearly €650 million in grants to help finance 14 cross-border energy infrastructure projects. More than €176 million will be dedicated to boost hydrogen infrastructure. “The grant of €120 million for the hydrogen storage in Gronau project in Germany marks the first time CEF funding will be used for a works project for hydrogen,” said the European executive body, adding that other hydrogen projects in Austria, Bulgaria, France, Germany, the Netherlands and Slovakia will receive grants to support studies.
Tubos Reunidos (TR) said it is developing a seamless pipe that meets the specific requirements of the hydrogen sector. “The project aims to develop a 1.25 MW experimental portable electrolyzer, conceived as an enabling solution for the supply of green hydrogen to final industrial users,” said Eurometal, the European federation of steel tubes and metals distribution and trading. “The initiative is being led by a Basque consortium including Tubos Reunidos, ArcelorMittal Sestao, Sarralle, ABC Compresores, Matz-Erreka, Flubetech Coatings, Mugape, Sener, Team Group, Torraval Cooling, and Zigor Corporación.”
Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) and thyssenkrupp nucera have entered into a new cooperation to accelerate the development of green hydrogen and Power-to-X (PtX) markets in India. “India is one of the most promising future markets for green hydrogen electrolysis. This cooperation enables us to deepen our understanding of the local market and engage more closely with India’s hydrogen ecosystem. It also reflects our strong commitment to supporting India’s ambitious National Green Hydrogen Mission,” said Kiran Paul Joseph, CEO of thyssenkrupp nucera India.
Greenzo Energy India has secured the contract for India’s first port-based 5 MW Green Hydrogen Plant at Deendayal Port, Kandla. The project has been awarded to Oswal Greenzo Energies, the JV between Oswal Energies Limited and Greenzo Energy India Limited. “Designed on an EPC basis, the project is scalable beyond the initial 5 MW up to 10 MW and is expected to produce approximately 800 tonnes of green hydrogen annually,” said Greenzo Energy.
Orlen has entered into cooperation agreements with three Finnish partners for the production and supply of renewable hydrogen and its derivatives. “The agreements signed with ABO Energy Suomi, Nordic Ren-Gas and VolagHy Kuopio SPV will help secure hydrogen supplies during a period of growing demand in the years ahead,” said Orlen.
Powerhouse Energy (PHE) has secured a site on Silverwood Business Park in Ballymena, Northern Ireland, on which the company submitted a planning application for a 40-ton per day (TPD) waste-to hydrogen facility. The site, 1.98 acres, will use a pilot unit.
UK-based Octopus Energy has agreed to set up a joint venture in China focused on spot power trading, in a bid to scale renewable electricity volumes as market reforms and demand growth accelerate.
Octopus Energy Group said it has partnered with China’s PCG Power to create a new company, Bitong Energy, to trade renewable energy across China’s electricity market. The joint venture was announced during UK Prime Minister Keir Starmer’s visit to Beijing in the final week of January.
Bitong Energy will combine PCG Power’s experience in commercial and industrial renewable energy with Octopus Energy’s technology for green energy trading and optimization. The company aims to annually trade up to 140 TWh of renewable power by 2030, with projected profits of around GBP 50 million ($68.7 million) per year, half of which will return to the United Kingdom.
The venture will launch in Guangdong province, China’s leading spot market, and expand nationwide as additional regions open. Octopus Energy said in an online statement that it will deploy its software to optimize the performance of batteries and renewable generation.
China’s electricity demand is expected to rise by about one-third over the next five years, with government mandates requiring at least 10% of electricity to be traded on spot markets this year, according to Octopus Energy.
The China joint venture follows earlier partnerships and capital commitments that have supported the UK energy supplier’s expansion beyond retail supply into energy software and clean energy infrastructure. Recent transactions in Europe and the United Kingdom show that the company aims to combine proprietary technology with institutional capital and industrial partners.
In July 2025, UK workplace pension provider Smart Pension committed GBP 330 million to two clean-energy funds managed by Octopus Energy Generation, targeting renewable energy projects and energy transition technologies in the United Kingdom. The allocation includes financing the United Kingdom’s first investor-funded ground-source heat pump network.
And in September, South Korea’s LG Electronics announced plans to integrate its high-efficiency heat pumps with Octopus Energy’s AI-driven Kraken energy software platform for key European markets, including the United Kingdom and Germany. The collaboration aims to optimize residential heating and cooling by linking heat pumps with Kraken’s grid-responsive controls to reduce energy costs and improve renewable integration.
Polysilicon trading in China remained largely inactive, with production cuts accelerating and wafer prices falling week on week, while downstream cell prices continued to rise and module prices held steady, according to a trade group representing China's nonferrous metals sector.
The China Nonferrous Metals Industry Association (CNMA) said polysilicon trading remained largely stalled, with only limited exploratory orders completed. One leading producer has halted operations, while two others have implemented production cuts. January output is expected to fall by about 15% month on month, broadly in line with wafer production schedules, with February output forecast at 82,000 to 85,000 metric tons. The association said most wafer prices declined week on week, with average transaction prices at CNY 1.26 per piece for n-type G10L wafers, down 3.82%; CNY 1.32 for n-type G12R wafers, down 7.04%; and CNY 1.52 for n-type G12 wafers, down 8.43%. Downstream cell prices rose to CNY 0.41/W to CNY 0.45/W, up 4.88%, while module prices were stable at CNY 0.71/W to CNY 0.75/W.
Hoymiles has signed a supply contract with Indian renewable energy solutions provider KOSOL Energie to deliver 360 MW of its HMS series microinverters in 2026. The company said the products are optimized for India’s high-temperature, high-humidity, and high-irradiance conditions, as well as for larger module formats, large-scale commercial and industrial rooftops, and complex grid environments.
Boway Alloy has issued a profit warning, forecasting full-year 2025 net profit attributable to shareholders of CNY 100 million to CNY 150 million, down 88.9% to 92.6% year on year. The China-listed parent of Vietnam-based Boviet Solar said the decline reflects impairment charges linked to high US anti-dumping and countervailing duties on Vietnam-manufactured products, which made relocating production uneconomic, as well as reduced subsidies and order losses at its United States subsidiary following passage of the United States “Big and Beautiful” Act. Boway Alloy said it is exploring equity divestment options.
PowerChina has signed an engineering, procurement and construction (EPC) contract through its Colombia branch for a 251 MW solar project in Santander province, Colombia. The scope includes PV plant development, equipment supply, installation and commissioning, with a string inverter plus tracking system configuration intended to improve generation efficiency and operational stability.
Deye said it submitted an application on Jan. 27 to issue H shares and list on the main board of the Hong Kong Stock Exchange. The company said its listing application materials were published on the exchange’s website the same day.
This week Women in Solar+ Europe gives voice to Alba Sande, lawyer at Spanish law firm ASande Legal. She states that, despite progress, women remain underrepresented in the renewable energy industry. "As a woman and a mother, I have often encountered the unspoken assumption that professional ambition must take a backseat to family life, a bias rarely applied to men," she says.
The solar, energy storage, EV charging, and grid infrastructure sectors sit at the heart of the energy transition. What makes these industries particularly suited to, and in need of, gender diversity and inclusion is the nature of the challenge itself. The energy transition demands innovative thinking, long-term vision, and the ability to manage complexity across technical, legal, regulatory, and social dimensions. Gender diversity brings varied perspectives, leadership styles, and problem-solving approaches. Inclusion ensures those voices are heard and valued.
These industries work best when they reflect the diversity of the communities they serve. Decision-making becomes stronger when collaboration replaces uniformity. Diverse teams are not only fairer; they are more effective, more resilient, and better prepared to build a sustainable future.
From my experience, diversity, equity, and inclusion are directly linked to the resilience and success of the renewable energy sector. DEI broadens the range of inputs organizations rely on to navigate complexity. Inclusive workplaces foster trust and psychological safety, encouraging open dialogue and the kind of bold ideas that innovation requires. This is essential in a fast-evolving sector like renewable energy, where adaptation is constant. When professionals feel empowered to contribute, retention improves, decision-making becomes more robust, and strategies are better aligned with societal needs. DEI is not separate from business success, it is integral to long-term impact.
Looking back at my own career, I encountered systemic barriers that many women in male-dominated industries will recognise. Implicit biases about how leadership should look and sound, often shaped by traditional models, were persistent. The absence of visible female role models and the lack of structural support, particularly for those balancing care responsibilities, created additional friction. Overcoming these challenges required building strong support networks, staying grounded in purpose, and allowing results to speak clearly. It also meant resisting pressure to “fit the mould” and instead demonstrating that strategic thinking, empathy, and consistency are powerful leadership traits.
Over time, I have observed important shifts in how the industry approaches gender inclusion in leadership. There is greater recognition that diverse leadership is not simply desirable; it is necessary. We are seeing more women in strategic roles and greater openness to flexible career paths. That said, inclusion at senior levels still requires deliberate effort. True progress happens when organisations understand that leadership potential is not tied to a single profile or personal circumstance. Valuing varied life experiences, including those shaped by caregiving, strengthens leadership culture and builds resilience.
Navigating bias and scepticism has been a defining part of my professional journey. As a woman and a mother, I have often encountered the unspoken assumption that professional ambition must take a backseat to family life, a bias rarely applied to men. Yet this is not about choosing one over the other; it is about integration. Early on, I realised that women with young children are frequently expected to prove they are prioritising work in order to be taken seriously. My response was consistency, results, and a clear message: commitment is not gendered.
Even today, driving DEI initiatives at an executive level remains challenging. Despite progress, women remain underrepresented in decision-making spaces. In my experience, around 80% of strategic meetings still involve only men, particularly when critical decisions are being made. One of the greatest challenges is feeling like an equal, owning expertise, and expressing it with confidence in environments where women are often required to repeatedly prove their competence, while male colleagues are assumed to be capable by default. This imbalance makes DEI both essential and deeply personal to lead.
There are still specific gender dynamics within the energy sector that influence career progression. Women, especially mothers, are more frequently questioned about long-term commitment or availability. There remains an unequal expectation to prove expertise. While these dynamics are evolving, progress is slow. Acknowledging them and addressing them without penalising different life experiences is essential for building an inclusive, high-performing industry.
To young women entering the solar and renewable energy sector today, my advice is simple: believe in your voice and your contribution from day one. This industry needs critical thinkers, communicators, and leaders who reflect the diversity of society. Do not allow outdated assumptions to shape your path. Seek mentors who support your growth and organisations that recognise potential beyond traditional models. Being a woman is not a limitation, even when you are the only one in the room. Trust your expertise, ask questions boldly, and bring your full self to the table. The sector will be stronger for it.
Alba Sande is an administrative and regulatory lawyer specialised in energy, environment, and infrastructure. After several years advising major national and international clients at Clifford Chance Madrid, she founded Asandelegal, a boutique legal practice focused on strategic regulatory support for the energy transition. Her experience includes advising banks, funds, and energy companies on permitting, litigation, and regulatory matters in large-scale renewable energy projects—especially wind, solar PV, and storage. Alba holds a double degree in Law and Economics (ICADE) and a Master’s in Energy from the Spanish Energy Club. She is a regular contributor to industry publications and a speaker at sectoral forums. As a woman and mother working in a traditionally male-dominated industry, she is an advocate for inclusive leadership and visibility of diverse talent in energy law and infrastructure. She believes that legal certainty, diversity, and sustainability must go hand in hand to meet the challenges of the green transition.
Interested in joining Alba Sandeand other women industry leaders and experts at Women in Solar+ Europe? Find out more: www.wiseu.network
Sweden deployed less solar in 2025 than the year prior despite record growth in the large-scale segment. Solar association Svensk Solenergi predicts last year was likely the bottom of Sweden's installation curve.
Sweden commissioned 652 MW of new solar last year, according to estimates from Swedish solar association Svensk Solenergi. The figure is down on the 848 MW installed in 2024 and takes cumulative capacity to around 5.4 GW.
Residential installations totaled 239 MW in 2025, a 39% year-on-year decrease. Alex Jankell, head of politics at Svensk Solenergi, told pv magazine the household market has been impacted by the removal of a tax rebate scheme as of the start of this year. He added that lower energy prices in comparison to massive hikes in 2022, higher interest rates and inflation have also impacted the market segment.
Although the residential market contracted in 2025, installations smaller than 20 kW continue to represent more than half of Sweden’s solar market, with a little over 3 GW of total capacity. There are now just over 287,000 solar power plants of less than 20 kW in Sweden, equivalent to 90% of all grid-connected solar plants.
Cumulative capacity of grid-connected solar plants
Image: Svensk Solenergi
Commercial and industrial installations reached 215 MW in 2025, down 35% year-on-year, but utility-scale installations increased, deploying a record 198 MW for 46% more than in 2024.
The large-scale segment accounted for 30% of new solar power in 2025, compared to 7% in 2024. New installations were led by Sweden’s largest solar plant to date, the 100 MW Hultsfred solar farm, and the 64 MW Ax-el solar park. Last year also saw developer Svea Solar announce plans to build eight new solar parks in Sweden with a total capacity of approximately 500 MW.
Jankell said the market is experiencing a shift to more large-scale solar, often combined with large-scale battery installations, but added that challenges remain in high costs or long waiting times for grid connections. He recommended Sweden adopt proposed changes to permitting procedures to make them quicker and more predictable.
The residential battery market is also broadening, with preliminary figures from the Swedish Tax Agency showing around 75,000 private individuals received a green reduction for battery installations in 2025, a 34% increase on the previous year.
Jankell suggested that Sweden’s solar market could be supported further by abolishing energy tax for all electricity that is produced and consumed behind the same meter and implementing proper power-tariffs which reflectively reward the ability of solar and battery installations to help the grid. He also recommended proposed proper revenue frames for Swedish grid companies that reward flexibility, and not only grid expansion.
Jankell told pv magazine more solar is likely to be installed this year than in 2025. “Given the implementation of solar demands in the Energy Performance of Buildings Directive, new permitting processes on the way, and a general deflation of PV and battery prices, we predict that 2025 is the bottom of the installation curve,” he said.
Pacifico Energy Chief Operating Officer Kevin Pratt says projects such as the planned 7 GW GW Ranch microgrid in Texas highlight a shift toward private grids as developers seek faster, more reliable ways to meet surging power demand from data centers and industry.
Electricity demand is here and climbing, and solar generation is being pressed on reliability and affordability like never before. Developers are looking at opportunities pragmatically and investing in generation to meet demand using the most cost-effective solution for the location. Solar is showing that it can still perform on its own merits.
Beyond the availability of fuel sources is the issue of interconnection and grid availability. Large-scale solar projects that pencil in terms of levelized cost of energy over the lifespan of the installation are running into scheduling issues involving grid interconnection queues that may be years long. Delays are not relegated to renewable energy. Developers looking to build combined-cycle gas-fired facilities are reporting similar wait times for delivery of suitable turbines.
Kevin Pratt, chief operation officer of developer Pacifico Energy, told pv magazine USA that the combination of increasing demand, grid interconnection queues and equipment supply chains are making off-grid, behind-the-meter generation on larger scales more attractive. Not all of this can be laid at the door of rising demand from data centers.
“The reason why we’re bullish on private grids, and microgrids generally, is because of the response we’ve seen in the market,” Pratt said. “Even before the big data center push that’s come along, we’ve had clients needing reliable power in a number of different scenarios. We decided that we needed to be forward thinking on this. So, you talk about chicken and egg. The demand wasn’t there yet, but we did think it was coming.”
Pratt cited customer requirements from about three years ago, where modest operations relatively speaking were not able to secure utility access to increased capacity. These included a business park in Southern California, a residential complex in Hawaii and aerospace company in Los Angeles that want to expand its existing operation.
Technologies have advanced to the point where a variety of generating sources such as solar, hydrogen fuel cells and linear generators – like those produced by Mainspring – are available for urban environments and non-attainment areas where environmental regulations and codes are very strict. Combined with storage, Pratt said, these options enable customers to circumvent a lot of permitting and interconnection queues by getting as much of their generation as they can handle behind the meter.
Microgrids no longer imply modest size, with new projects scaling up into the hundreds of megawatts and even gigawatt size. Pacifico is building its GW Ranch project in Pecos County, Texas, as a behind-the-meter generation facility for data centers specializing in artificial intelligence development. This project is building in phases, with 1 GW scheduled to be operational in 2028, and the full facility being online in 2030.
The primary generation sources for GW ranch will be simple-cycle gas turbines, which are not as efficient as combined-cycle turbines but access to natural gas is not an issue in that part of West Texas. Combined-cycle generators, which produce steam, also require more water and the GW Ranch project will not require access to off-site water. Moreover, as indicated previously, combined-cycle turbines are in high demand at present, with long wait times, and Pratt said Pacifico was lucky to have secured the generators earmarked for GW Ranch.
The project will also incorporate 1.8 GW of on-site battery storage. But what about solar?
“For our big GW Ranch project, we do have in our design about a GW worth of solar on site as well,” Pratt said. “We’ve designed it. We’ve planned for it. Solar has kind of been our bread and butter, so that’s very natural to us. But we will leave it up to the customer. And ultimately, what’s driving decision making is speed: speed to reliable power.”
While some advocates view solar and fossil fuels as a zero-sum competition, consumers are more pragmatic. At the same time, renewable energy, particularly photovoltaic solar, has shown that it is not only effective in many applications, it is the only reliable source in many parts of the United States.
“Anything west of El Paso, gas is hard to come by,” Pratt said. “In California and Arizona there’s a lot of demand. In Arizona, they are reshoring manufacturing and bringing semiconductor manufacturing there. People want to put data centers there. They need off-grid power, but situation off grid is pretty challenging because they don’t have the gas availability.”
This is an opportunity for solar plus storage to shine in competition with other sources. For example, the recently announced Pioneer Clean Energy Center in Yuma County, Arizona, under development by BrightNight and Cordelio Power, will supply 300 MW of solar plus 1,200 MWh of storage to bolster local infrastructure for Arizona Public Service. While grid connected, the project demonstrates that large-scale solar remains competitively attractive.
According to Pratt, increasing electricity demand from manufacturers needing to scale up and the new generation of “hyperscale” data centers will make private microgrids and behind-the meter generation, whether paired with grid interconnection or not, more important in the U.S. energy landscape. Quoting a study from the National Center for Energy Analytics, Pratt hundreds of data centers each with power requirements in excess of 300 MW are being planned.
“You talk about the decision to go private grid or utility grid; that’s really the struggle I see,” he said. “It’s not simply generation. It’s how to get the power to where it’s needed. Those lines are overtaxed already. Massive upgrades are required in transmission and substations to deliver the electricity. And new transmission is really slow and hard to get. So, I think microgrids are going to be a big part of the solution going forward.”
Solar developers will have to make their case to customers needing more power that the demonstrable benefits of PV plus storage at the utility scale could be theirs without the need to jump through permitting hoops or wait on interminable interconnection queues. And no wait for gas turbines, either.
Login
Economy News, Latest Economic News Today | The HinduBusinessLine
pv magazine International
Energy-Storage.News
