India’s rooftop solar scheme could drive $13.9 billion opportunity
India’s PM Surya Ghar Muft Bijli Yojana initiative (PM-SGMBY) could create a INR 1.2 trillion ($13.9 billion) opportunity for PV module, inverter, and component manufacturers, benefiting project developers and engineering, procurement, and construction (EPC) contractors, according to SBICAPS.
China begins building first GW-scale residential VPP
China is building its first gigawatt-scale residential virtual power plant (VPP) in Jiangsu province. The project will connect millions of high-power household appliances to a cloud-based energy pool to improve grid stability and boost renewable energy use.
India eyes self-reliance in battery cells with lithium recycling push
India could achieve self-reliance in battery cell manufacturing by domestically recycling lithium and reusing it in batteries, an Indian government official claimed this week at a battery manufacturing conference in in New Delhi.
Exide Industries invests $17.2 million in lithium battery plant in India
Kolkata-based Exide Industries has invested INR 1.49 billion ($17.2 million) in Exide Energy Solutions through a rights offering. The investment will support the construction of a greenfield lithium battery plant in Bengaluru, India, in addition to other funding needs.
China’s CGN New Energy announces winning bidders in 10 GWh BESS tender
CGN New Energy has selected seven winners from 50 bidders in its 10 GWh battery energy storage system (BESS) tender, with the lowest bid at CNY 0.458/Wh ($63/kWh).
US bans five Chinese PV firms under Uyghur Forced Labor Prevention Act
Under the Uyghur Forced Labor Prevention Act (UFLPA), the US authorities have banned five Chinese companies from providing products and services in the United States.
Hungary approves measures for solar on apartment buildings
Hungary has decided to allow apartment owners to jointly install solar panels and will only permit solar plants equipped with grid-connected inverters from July 2025.
Midea Hiconics releases new residential all-in-one battery storage systems
The Chinese company says its three-phase Hienergy series can pair with PV arrays of up to 8.5 kW, with battery storage reaching up to 40.8 kWh.
Hungary deploys 1.3 GW of solar in January-October period
Hungary installed 1.3 GW of solar between January and October, bringing its cumulative PV capacity to 7.3 GW by the end of October, according to new government data.
Hungary expected to surpass 300,000 residential solar installations
Hungary’s Ministry of Energy says it will support more than 25,000 households with residential solar installations through its subsidy scheme, which launched earlier this year, taking the total number of installations to in excess of 300,000.
