The Solar Energy Corporation of India (SECI) has awarded over 11 GW of solar, hybrid and wind Firm and Dispatchable Renewable Energy (FDRE) capacity under its Inter-State Transmission System (ISTS) schemes.

The projects will be developed by Bundelkhand Saur Urja, its joint venture with the Uttar Pradesh New and Renewable Energy Development Agency, as four 300 MW subprojects and will have to be commissioned within 18 months from the effective date of the signing of the power purchase agreement (PPA). The minimum bid capacity is 300 MW and the maximum capacity is 600 MW.

The Kyrgyz Ministry of Energy has signed an investment agreement with RECA and Rox Energy Global, two Vietnamese companies, to build and operate a 1.9 GW solar plant in the Kyzyl-Oruk village of the Toru-Aigyr rural district of the Issyk-Kul region of Kyrgyzstan.

The budget reconciliation bill signed by Trump on July 4 accelerates the four-year phaseout of the 48E investment tax credit and 45Y production tax credit to begin in 2028, from 2032.

Solar is now so cheap that large markets can emerge in the space of a single year – as evidenced in Pakistan in 2024.

The JV plans to develop the renewable projects (solar, wind, hybrid, floating solar, BESS, pumped-storage hydropower) in phases, with an initial capacity of 500 MW to ramp up to 2 GW, and to eventually scale up to 5 GW.

The Vietnamese Government has approved Vietnam’s revised National Electricity Development Plan for the 2021-2030 period, with a vision to 2050 (PDP8), which now integrates the development of nuclear energy.

By 2050, Vietnam is targeting as much as 230 gigawatts of wind and 296 gigawatts of solar.

The growth of renewable power generation - including wind, hydro and solar - in the global electricity mix in 2024 beat the previous year's 30% record

Asia more than doubled its installed solar capacity, with 327 GW added in 2024, including 85% (278 GW) in China and 10% (24.5 GW) in India; in addition, over 38 GW of solar capacity was installed in the United States, while Brazil and Germany each added over 15 GW.