Sodium-ion battery cell cost could drop to $40/kWh, says IRENA
A report from the International Renewable Energy Agency (IRENA) notes that while it is still uncertain whether sodium-ion batteries will become a disruptive alternative to lithium-ion technology, they could offer significant cost-saving opportunities in applications such as electric vehicles and large-scale energy storage.
Hungary opens $151 million grant scheme for business energy storage
Hungary’s National Energy Agency has launched a HUF 50 billion ($151.34 million) grant program for businesses to install energy storage systems, including options paired with onsite renewable generation.
Women hold 32% of full-time jobs in the renewable energy sector, IRENA report finds
New data from the International Renewable Energy Agency (IRENA) shows women account for only 19% of renewable energy senior leadership positions globally and almost half of the women surveyed report some form of gender-based discrimination in the workplace.
Global average solar LCOE stood at $0.043/kWh in 2024, says IRENA
The International Renewable Energy Agency’s latest report finds little change in the global average levelized cost of electricity for utility-scale solar plants year-on-year, while the global average total installed cost of utility-scale solar projects fell by 11%.
Romania removes double taxation on energy storage
Under the new ‘Order on the Methodological Norms’, electricity charged from the grid and subsequently discharged back onto it is exempt from several key regulated tariffs in Romania.
Indian manufacturer opens solar frame factory
H&H Aluminium Pvt. Ltd. has opened a new solar panel frame manufacturing plant in India, with an annual production capacity of 24,000 metric tons.
Madagascar signs deal to develop 50 MW of solar with 25 MWh of storage
Global South Utilities (GSU) has secured agreements with Madagascar to develop a 50 MW solar plant and a 25 MWh battery energy storage system (BESS) in the island nation.
Armenia’s largest solar plant comes online
Spain’s FRV has commissioned a 62 MW solar plant in Armenia under a long-term power purchase agreement (PPA) with Electrical Networks of Armenia CJSC. The project is the country’s biggest operational PV facility to date.
Cyprus curtails more than half of renewables, including residential solar
Cyprus curtailed more than half of its potential renewable power in early 2025, including record residential solar cuts, as grid limits and a lack of storage strain its energy transition. Without swift investment in flexibility, analysts warn the country risks eroding public trust and delaying decarbonization.
Georgia could host up to 87 GW of solar
The International Renewable Energy Agency (IRENA) says Georgia holds vast potential for solar, with most prime sites for deployment concentrated in the country’s east, based on a recent zoning assessment.
