MENA region to add 860 GW of solar by 2040, says DNV
The Middle East and North Africa (MENA) region is projected to install 860 GW of solar capacity by 2040, led by utility-scale projects, with a further 2.2 TW of solar and wind expected between 2040 and 2060.
Adani to invest $100 billion in AI data centers in India
Adani Group plans to invest $100 billion by 2035 to build hyperscale, renewable-powered data centers across India, targeting 5 GW of capacity. The company says the program could catalyse a further $150 billion in related industries, creating a $250 billion AI infrastructure ecosystem over the next decade.
North Macedonia adds 210 MW of solar in 2025
North Macedonia’s cumulative solar capacity passed the 1 GW milestone in 2025, with the market currently led by utility-scale and C&I installations. Looking ahead, all market segments are anticipated to move towards hybrid solar-plus-storage solutions following the introduction of a new energy law last year.
Global-warming-induced degradation could raise rooftop solar LCOE by up to 20%
A global study finds climate change will sharply increase high-temperature risks, accelerate degradation, and raise costs for rooftop PV, with economically disadvantaged regions hit hardest. Researchers warn current IEC standards underestimate future risks, urging urgent updates to avoid stranded assets and rising electricity costs.
Investment rally coincides with renewables records in Australia’s NEM
A record five large-scale renewable energy generation projects totaling 1.2 GW reached financial close across Australia’s National Electricity Market (NEM) in the last quarter, but industry figures say more needs to be done to ensure investment momentum continues.
California batteries sustain near 24-hour solar run
On Feb. 1, California’s batteries bridged the solar gap with seamless precision. After discharging through the night until sunrise, they spent the daylight hours charging, then pivoted back to exporting power well past midnight – effectively sustaining the state on solar energy for a full 24-hour cycle.
Pexapark records 12 European PPAs for 724 MW in January
Swiss analytics firm Pexapark finds January recorded roughly half the deal count and volume in new European power purchase agreements than the month prior.
An ever-changing market: Delving into the heart of power purchase agreements
Cross-border VPPAs expose corporates to Basis Risk, causing settlement price gaps and weakening confidence in these hedging tools, contributing to a 35% drop in European PPA signings in 2025 amid complex market conditions. The market is shifting toward more structured, domestic, and hybrid PPAs, supported by BESS and modern IPPs, to better manage risk and realign buyers, sellers, and lenders.
Spain’s behind-the-meter storage grows 119% in 2025
Spain installed 339 MWh of storage linked to PV self-consumption in 2025, up 119% year on year, according to APPA Renovables. The country added 1,214 MW of new self-consumption capacity, bringing the total to 9.6 GW.
Fraunhofer ISE achieves 34.2% efficiency with III-V germanium PV module
Fraunhofer scientists have announced two efficiency records for III-V tandem modules. The team says its 34.2% efficiency III-V germanium PV module is the most efficient solar module in the world, while its 31.3% efficiency III-V silicon PV module is a record in its class.
