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.
FlexHome Energy offers home battery in utility-sharing deal
A new product from German supplier FlexHome Energy could offer residents without a solar array, such as apartment dwellers, the chance to make electricity savings and strengthen the grid.
Emmvee expands solar module capacity to 6.6 GW
India’s Emmvee has inaugurated a new solar module plant in India, boosting its total PV module capacity to 6.6 GWp and solar cell capacity to 2.5 GWp. The expansion strengthens its position in the nation’s rapidly scaling solar manufacturing sector.
Eskom seeking partners to set up independent renewables unit
Eskom has issued a tender for partners to help launch a standalone renewables division, in a bid to speed up clean energy development in South Africa. The utility says it will evaluate bids based on sector experience, financial expertise, and project delivery record.
