Markets

Brazil’s second Long-term Reserve Capacity Auction (LRCAP) of 2026 has contracted 501 MW of thermoelectric capacity, leaving an estimated 3 GW of remaining demand to be addressed in a forthcoming battery storage auction expected later this year.

Alparslan Bayraktar, Türkiye’s Minister of Energy and Natural Resources, says 2026 will be a record year for renewables in the country after total deployed solar reached 25,827 MW by the end of January.

India’s cumulative installed battery energy storage system (BESS) capacity is projected to reach 346 GWh by 2033 from less than 1 GWh today, according to a white paper by the Indian Energy Storage Alliance (IESA) and Customized Energy Solutions (CES).

Elon Musk, the CEO of both Tesla and SpaceX, raised some eyebrows at this year’s World Economic Forum (WEF) in Davos, Switzerland, when he predicted “that the lowest cost place to put AI will be space and that will be true within two to three years, three at the latest.” pv magazine reported on Musk’s vision on our global website www.pv-magazine.com on Jan. 26, 2026, and exactly one week later SpaceX announced that it was acquiring xAI “to form the most ambitious, vertically integrated innovation engine on (and off) Earth, with AI, rockets, space-based internet, direct-to-mobile device communications, and the world’s foremost real-time information and free speech platform.”

California-based software provider SiteCapture has launched an AI platform for the US solar market that automates job-site documentation, quality control, and reporting workflows for installers.

The European Network of Transmission System Operators for Electricity (Entso-E) has published its final root cause report on the April 28, 2025, blackout in Spain and Portugal, finding failures across grid operations, generation, and regulations, and issuing 22 recommendations to strengthen European grid resilience.

JinkoSolar has appointed Cao Haiyun as chief executive, while PowerChina has shortlisted 26 suppliers for a 31 GW solar module tender for 2026.

German engineering firm BEC Energie Consult has developed a substructure for low-mounted agrivoltaics designed to provide cost-efficient installation while supporting crop growth and livestock management, with the potential to enhance economic viability.

This week Women in Solar+ Europe gives voice to Delfina Muñoz, Research Director & Strategic Project Manager at France’s CEA. She says diversity is a catalyst for faster, fairer clean energy innovation. Inclusion, mentorship, and authentic leadership don’t just support people, they build stronger, more resilient teams that power the energy transition forward.

Europe’s hybrid solar-plus-storage projects are growing rapidly, but increasing complexity means treating technical due diligence as a formality is now a serious risk. Rigorous, lifecycle-based technical due diligence (TDD) – covering financial, supply chain, digital, and ESG factors – is essential to ensure project reliability, investor confidence, and a resilient clean-energy transition.