A study on the global PV manufacturing equipment market, commissioned by VDMA. The report projects annual CAPEX rising from $16.6 billion in 2025 to $43.8 billion by 2035, with a cumulative market of up to $300 billion. It highlights Europe’s strengths in high-quality, reliable equipment but notes the lack of a strong domestic market.
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Indian green hydrogen developers are seeking offtake contracts in Japan and South Korea to drive investments in green hydrogen and green ammonia projects, as the domestic market is still emerging. Securing these contracts is crucial for decarbonizing heavy industries and establishing India as a key player in the global renewable energy market.
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Andhra Pradesh is investing ₹8,000 crore to strengthen its power transmission network, with ₹5,000 crore projects under implementation by Transmission Corporation of Andhra Pradesh Limited and ₹3,000 crore planned. The initiative includes new substations and procurement planning to ensure timely execution.
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MUFG Bank and Hitachi have signed an MoU to expand their NexGen co-creation model, targeting financing of EVs, charging infrastructure, and energy management systems across global markets. The model leverages special purpose vehicles (SPVs) to reduce upfront capital barriers for fleet operators and accelerate electrification deployment.
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Bijliride has partnered with Indofast Energy (a JV between IndianOil and Sun Mobility) to scale its EV rental operations in India through battery swapping infrastructure. The collaboration leverages Indofast’s growing network of swapping stations to improve vehicle uptime and reduce charging downtime for rental fleets.
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India’s electric passenger vehicle (PV) segment recorded 84–86% YoY growth in FY26, reaching 2.29 lakh units, driven by new model launches and expanding OEM portfolios. Tata Motors maintained market leadership with 39–40% share, followed by JSW MG Motor, while Mahindra & Mahindra saw significant share gains amid strong SUV demand.
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Brazil’s renewable energy sector is under strain as major wind and solar producers, including Atlas Renewable Energy, Newave Energia and Voltalia, are scaling back operations and reducing staff due to grid‑imposed generation restrictions first introduced in 2023, leading to significant financial losses and curtailed output.
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The Philippines Department of Energy is fast-tracking 12 solar projects totaling 1,284 MW for grid entry by April, alongside additional renewable projects bringing combined capacity to 1,471 MW. The move aims to strengthen energy security amid global oil market uncertainties.
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Ceigall Green Energy MP Limited signed 15 PPAs with Madhya Pradesh Power Management Company Limited for 130 MW solar projects under the Surya Mitra Krishi Feeder Yojana. The projects will supply power for 25 years at ₹2.85/unit, with an estimated EPC cost of ₹572 crore and 12-month execution timeline, supporting reliable daytime electricity for agriculture and strengthening rural renewable energy infrastructure.
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