Algeria has inaugurated a 300-megawatt-peak (MWp) solar power plant in El Oued Province, marking a major step in its renewable energy expansion. The El-Foulia solar photovoltaic (PV) plant, spread across 600 hectares in northeastern Algeria, is the country’s largest solar park to date and forms part of its 3.2-gigawatt (GW) national renewable energy programme. The project will feed solar-generated electricity into the national grid, helping meet rising power demand while reducing natural gas consumption for electricity generation. To learn about the market potential of aluminium dross, explore "ALuminium Dross Processing: Generation, Recovery & Strategic Roadmap" 300 MWp facility strengthens Algeria’s solar capacity The inauguration took place on October 26, 2026, in the presence of...
Singapore is exploring solar photovoltaic (PV) roof tiles that could allow heritage buildings to generate clean electricity without compromising their traditional appearance, as the Energy Market Authority (EMA) steps up efforts to advance solar technologies through partnerships with public and private sector organisations. EMA will collaborate with Swiss technology innovation centre CSEM and the Singapore Land Authority (SLA) to pilot the use of solar PV roof tiles on heritage State buildings. Designed to resemble traditional clay roof tiles, the technology could enable more roof space to generate clean electricity while preserving the overall appearance of historic properties. Traditional clay-tile roofs are an integral part of the character of Singapore’s heritage precincts....
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Over 35 Indian importers have not received any shipment of rare earth magnets alongside pending licence approval from China, creating havoc in the automobile sector. Importers of China are now in legal consultation to eliminate the possibility of a "force majeure clause (FMC)" within their supply contacts with the automobile Original Equipment Manufacturers (OEMs). With China being a dominant leader in rare earth, how will this curb impact the Indian automobile sector? OEMs are undertaking intense discussions with the suppliers about providing a grace period where no penalties would be imposed. However, the imports can further invoke the FMC clause if there is no hope after the graced period. One importer of rare earth magnets proposed talking with China to resolve the issue and obtain...
In a step to change the global critical minerals map, Eurasian Resources Group (ERG) will start producing gallium in Kazakhstan next year with an investment of USD 20 million. With the commitment to make Kazakhstan the second-largest supplier of the critical metal in the world and to respond to the West's demand for a diversified supply chain, ERG will start the project at its current alumina production facilities. Production will begin in 2026. ERG will be mining gallium as a byproduct of its bauxite ore, which it already produces at its "Aluminium of Kazakhstan" facility, among the largest of its type in the world. This synergy enables ERG to access a key source of supply without having to open up new mines, and in so doing, provides it with a major cost advantage. The firm aims to...
Central Coalfields Ltd (CCL), a subsidiary of Coal India, is set to bring two new coal mines into production during the ongoing financial year, which is expected to boost its capacity by 10-12 million tonnes annually, according to a top official. Image credit: clarke-energy.com This expansion effort aligns with CCL’s production targets of surpassing 110 million tonnes this fiscal and reaching 150 million tonnes by 2030. “We have planned to open two new mines this year,” said Nilendu Kumar Singh, Chairman and Managing Director (CMD) of CCL, speaking to reporters. Production at the Kotre Basantpur block, a coking coal mine with a peak rated capacity of 5 million tonnes, is scheduled to commence by October 2025. Meanwhile, the Chandragupta open-cast project, a non-coking coal mine with a...
Dismissing recent reports suggesting otherwise, Waaree Energies CEO and whole-time director Amit Paithankar has reaffirmed that the company’s integrated solar manufacturing facility in Odisha is progressing as planned, with no change in location. This statement comes in the wake of a regulatory filing on June 19, which indicated that Waaree’s board had approved a change in the location of its originally proposed project—initially slated for Dhenkanal, Odisha. The filing also noted that the company had begun exploring alternative sites with abundant renewable energy resources, listing Gujarat and Tamil Nadu as potential options. This development sparked speculation that Waaree was exiting Odisha . Further fueling doubts, the company’s revised manufacturing roadmap made no mention of...
In a setback to Odisha's industrial aspirations, Waaree Energies, India's largest solar module manufacturer, has decided to shelve its plans for an integrated solar manufacturing facility in the state. The ambitious project, initially slated for Dhenkanal district, was to encompass the full solar value chain, including the production of ingots, wafers, cells, and modules under one roof. Image source: Waaree Energies In a regulatory filing on Thursday, June 19, Waaree stated that its original project location, outlined in the prospectus dated October 23, 2024, would be changed as approved by the board. Now, it is awaiting the approval of shareholders. "The company is experiencing delays in the execution of the project at the location specified in the Prospectus," said Waaree in a...
Raminfo, the India-based technology solutions provider, has secured an INR 474 crore (US$56.75M) contract from Rajasthan Renewable Energy Corporation Ltd (RRECL) to design, supply, install, and maintain rooftop solar photovoltaic (PV) systems totalling 73 MW. The solar panels will be installed on various state government buildings and affiliated establishments across Rajasthan. The project, to be executed under the Hybrid Annuity Mode (HAM), includes end-to-end operation and maintenance (O&M) services for 25 years. Raminfo will oversee the project through its subsidiary, Raminfo Green Energy Pvt Ltd, which holds a 51 per cent stake. Beyond installation, Raminfo will also deliver long-term operation and maintenance services, ensuring optimal performance and reliability of the solar systems...
Solar energy stocks dropped sharply on Tuesday following the release of the US Senate’s version of President Donald Trump’s tax bill, which proposes a full phase-out of solar and wind energy tax incentives by 2028. Meanwhile, tax credits for nuclear, hydropower and geothermal energy remain intact for a longer period. Image credit: en.wikipedia.org The market reaction was swift. Shares of Enphase Energy fell over 17 per cent in premarket trading, First Solar declined around 12 per cent, Sunrun dropped more than 27 per cent and SolarEdge Technologies slid by 22 per cent. The proposed cuts are a major blow to the renewable energy sector, especially as these incentives had been central to former President Joe Biden’s Inflation Reduction Act (IRA). However, the Senate bill is seen as a slight...
Researchers in Denmark have set a new world record for converting sunlight into electricity using innovative transparent solar cells. These advanced window technologies not only let light pass through but also generate power, offering a promising breakthrough for renewable energy. This development could turn skyscrapers and office buildings into vertical power plants by transforming their windows into energy-producing solar panels. The CitySolar project marks a significant breakthrough in transparent solar technology, supporting Europe’s goal of making all new buildings nearly zero energy and fully decarbonising the building sector by 2050. Researchers from the University of Southern Denmark have developed solar panels by combining organic solar cells with perovskite material, achieving...
Neoen Australia has officially announced the commissioning phase of its 350 MW Culcairn Solar Farm, one of the country’s largest solar initiatives. Located in the Riverina Murray region of southern New South Wales, the project marks a significant step in Australia’s renewable energy journey. Image source: solarreviews.com The solar farm, comprising nearly 760,000 panels and 100,000 piles across 1,000 hectares, is expected to be fully operational by 2026. Once complete, it will deliver an estimated 822,000 MWh of clean electricity annually, enough to power 160,000 homes. The project is also designed with the potential to integrate a battery energy storage system of up to 800 MWh. “It is time to start supplying our first electrons from this asset into NSW’s electricity network,” Neoen...
In a bold move to tighten control over critical minerals and challenge China's dominance, India has directed IREL to suspend a 13 year old rare earth export agreement with Japan, Reuters reports. The directive, issued by the Indian government to state-run miner IREL (India) Ltd., marks a turning point in New Delhi's strategy to secure its domestic supply chain for high-tech and clean energy sectors. According to sources familiar with the matter, Commerce and Industry Minister Piyush Goyal recently instructed IREL to stop exporting rare earth elements particularly neodymium, vital material used in powerful magnets for electric vehicle (EV) motors. The minister's remarks came during a meeting with leading executives from India's auto and manufacturing sectors, where the focus was squarely...
Serentica Renewables, a leading renewable energy provider focused on India's Commercial & Industrial (C&I) sector, has successfully closed its second round of External Commercial Borrowing (ECB) financing. The company has secured over US$ 100 million in debt funding from global financial powerhouses Rabobank and Société Générale to support the development of a 300 MW solar power project in Rajasthan. The capital will fuel the development of a 300 MW solar power project in Rajasthan, an ambitious initiative designed to supply clean, reliable energy to Bharat Aluminium Company Limited (BALCO), one of India's top aluminium producers and a key subsidiary of the Vedanta Group. This project marks a major stride toward decarbonising India's industrial core and accelerating the nation's...
India’s talks with the US for a Bilateral Trade Agreement, which would smoothen gross exports worth USD 86.5 billion (FY 2024–25 data, up 11.6 per cent from FY 23–24), are walking on a double-edged sword. Image source: Linkedin (Handle: Harnam Prajapati) With the progression of a second Trump administration, there is a renewed and pressing push for comprehensive trade relations. Current high-level negotiations are underway, with India and the US aiming to finalise an interim three-phase trade agreement by June 25, ahead of a potential July 9 deadline for the USA’s 26 per cent reciprocal tariff on India, which is currently suspended. While Indian exports still face America’s standard 10 per cent baseline tariff, discussions are focused on securing duty reductions across labour-intensive...
Giga Storage, a Dutch developer of battery energy storage systems (BESS), has commenced construction on its largest project to date, the Giga Leopard. This standalone BESS will have a capacity of 300 megawatts (MW) and an energy storage capacity of 1,200 megawatt-hours (MWh), equivalent to 1.2 gigawatt-hours (GWh). The project is located in Delfzijl, Groningen, in the northeast of the Netherlands, on the site of the former Damco Aluminum Delfzijl (Aldel) smelting plant. In September 2024, the news of the plant's shutdown was announced due to continuous high energy costs and insufficient government support. Giga Storage's flagship project The construction for Giga Storage's flagship project began after securing €300 million (approximately US$342 million) in project financing from eight...
Already strained by the United States’ 25 per cent import tariffs, East Asian economies like China, Japan and South Korea are now bracing for even higher uncertainty as Washington eyes a steep 50 per cent duty. Reports show that all the three economic powerhouses experienced subdued export orders and manufacturing activity in May, just as signs of stabilisation had begun to emerge. Both South Korea and Japan’s PMI recorded contraction, hovering at 47.7 and 49.4, respectively, attributed to weakening global demand, with many citing US tariffs and rising cautious buying sentiment as key drags on production and order volumes. South Korea’s export struggle deepens amid US tariffs Evidently bearing the brunt of intensifying US trade policies, South Korea is seeing cracks in its export-driven...
Great opportunities are unlocked for today's youth in the United Arab Emirates. With the continuous vision of empowering UAE young generations, Emirates Global Emirates (EGA) along with The Federal Youth Authority (FYA) have signed a cooperation agreement. Both firms are focused on a common goal of fostering a supportive ecosystem, helping youth to tap into growth opportunities within the region. Image source: media.ega.ae This has been initiated under the presence of His Excellency Sultan bin Saif Al Neyadi and UAE's Minister of State for Youth Affairs. Furthermore, the agreement has been signed by Abdulnasser Bin Kalban, the Chief Executive Officer of EGA and His Excellency Khaled Mohammed Al Nuaimi, the Director of the Federal Youth Authority at EGA's headquarters located in Al...
A leading Indian solar module manufacturer, Waaree Energies Limited, has announced an international deal to supply 586 MW of solar modules, valued at USD 176 million, through its wholly owned subsidiary, Waaree Solar Americas. An operator of utility-scale solar and energy projects in the United States has placed the order, with deliveries scheduled to begin in the financial year 2026-2027. Image source: IndiaMART The manufacturing of the booked solar modules will take place in the Waaree Solar Americas' Texas facility, which the company is setting up to serve the growing US market. This will not only expand the firm's presence within the US renewable energy sector but should also reflect on its revenue in the next financial year, given the company’s 78 per cent of revenue comes from solar...
India’s green energy transition is reaching a turning point, with private powerhouses Greenko, Adani Green Energy, and JSW Energy racing to lead the charge. These giants are now at the heart of the country’s bold push into pumped storage hydropower pipeline (PSH), an essential pillar in India’s clean energy future. The latest data from the Central Electricity Authority (CEA) reveals that Greenko, Adani Green Energy, and JSW Energy are poised to deliver nearly 66 per cent of India’s planned 51.24 gigawatts (GW) of pumped storage capacity by 2032. This ambitious rollout of long-duration energy storage marks a critical pivot in India’s decarbonisation strategy. The call for flexible, on-demand storage is surging as the grid becomes increasingly powered by solar and wind. Pumped storage...
UP Fintech Holding Ltd., better known as Tiger Brokers, has roared into 2025 with a results sheet that not only redefines its growth narrative but signals a paradigm shift in how next-generation fintech platforms are competing for global capital and investor mindshare. For a company that began its journey as a cross-border brokerage, Tiger has now emerged as a full-stack wealth-tech player, integrating AI, crypto, derivatives, IPO syndication, and portfolio management into one sprawling global investment ecosystem. Image is for representational purposes only Revenue hits historic high For Q1 2025, Tiger clocked USD 122.6 million in total revenue, marking a staggering 55.3 per cent year-over-year (Y-o-Y) growth. More impressively, its non-GAAP net income hit USD36 million, up 145 per cent...
