Renewable Fuels Association applauds U.S.-Indonesia trade deal to boost ethanol exports
Malaysia’s EV push facing hurdles
Green hydrogen can boost India’s energy security: BEE chief
BPCL signs new bio-gas supply agreements in Uttar Pradesh
Renewable Fuels Association applauds U.S.-Indonesia trade deal to boost ethanol exports
USA: EPA shows 1.68 billion RIN generated  under RFS in January
Australian sugar manufacturers urge national ethanol mandate to boost fuel security and cut emissions
Maize becomes India’s No.1 ethanol feedstock as grain-based supply hits record high: AIDA
U.S. ethanol exports jump 13% in 2025, distillers grains shipments fall
BPCL signs new bio-gas supply agreements in Uttar Pradesh
India can lower clean cooking costs by expanding biogas and electric cooking: IISD report
Elan Energy secures PMC contract from GAIL for 14 TPD CBG plant in Chhattisgarh
Waste-derived biogas market to reach USD 70.6 billion by 2033
Farm-based biogas project in Vermont meets energy targets
Iowa biodiesel industry urges lawmakers to extend and raise tax credit
U.S. biodiesel exports fall 55% in 2025; imports plunge 92%
Amaggi subsidiary begins building biodiesel-ready tugs
Pumpenfabrik Wangen launches BIO-MIX 200 pump for large biogas operations
Bihar relaxes rules to expand biodiesel pumps in villages
Valmet to install heat recovery system at Veolia’s biomass plant
FLS Group and Cula Partner to Close Biochar Sampling Loophole
Ulster County selects consortium for organics recovery and renewable energy facility
Bulgaria’s largest coal plant to trial biomass to cut costs and extend operations
Odisha: BMC to set up waste processing units at Pandra and Palasuni
Green hydrogen can boost India’s energy security: BEE chief
Green hydrogen set to dominate low-carbon output by 2030: GlobalData
MASPV partners Chinese firms for €1bn green hydrogen projects in Spain
Eni announces major oil and gas discoveries in Ivory Coast and Angola
Greenzo Energy, Lord’s Mark Industries sign MoU for 60 MW green hydrogen projects in Uttar Pradesh
SAFc Registry Surpasses 500,000 Metric Tons of CO₂e Abated
Metafuels raises $24 million to scale synthetic aviation fuel technology
Singapore to impose levy on air travelers to fund sustainable aviation fuel
Neste extends partnership with World Fuel Services to expand SAF availability across Europe
India steps up plans for sustainable aviation fuel under global climate rules
The global energy sector reached a major milestone in 2024 as total installed solar photovoltaic (PV) capacity climbed to 1,865 gigawatts (GW), marking a sharp rise from 710 GW at the end of 2020. The figures show how rapidly solar power has expanded in just four years. In 2024 alone, around 451 GW of new solar PV capacity was added worldwide, accounting for more than three-quarters of all new renewable energy installations and confirming solar as the fastest-growing clean energy source, according to Solarquarter.
A key driver behind this growth has been the steady decline in costs. The global weighted-average levelized cost of electricity (LCOE) for utility-scale solar PV fell from $0.417 per kilowatt-hour in 2010 to $0.043 per kilowatt-hour in 2024. By the end of 2024, solar power was 41 percent cheaper than the most competitive fossil fuel options. In many countries, it has become the lowest-cost source of new electricity generation, supported by lower equipment prices, improved technology, and large-scale manufacturing.
Advances in manufacturing have further strengthened the sector. Modern module technologies such as TOPCon and monocrystalline modules are becoming widely used, offering higher efficiency and improved performance. Industry estimates suggest solar module conversion efficiency could reach 26 percent by 2030. At the same time, improved production processes are expected to reduce electricity consumption in manufacturing polysilicon, wafers, and ingots by about 6 percent by 2030. Silver usage in solar cells may also decline by 25 percent, helping to further reduce costs.
India has emerged as a key player in this global expansion. In 2024, the country added 24.5 GW of new solar capacity, making it the second-largest market after China in annual additions. By early 2025, India’s total installed solar capacity crossed 100 GW and reached 132.85 GW by late 2025, marking a 41 percent year-on-year increase and underlining strong growth momentum.
The government has introduced several measures to boost domestic manufacturing and reduce reliance on imports. The Approved List of Models and Manufacturers (ALMM) has helped expand manufacturing capacity to 144 GW per year. Domestic solar module production rose 99 percent year-on-year, reflecting progress toward building a stronger supply chain. Major industrial groups are investing in fully integrated facilities covering the entire process, from polysilicon production to final module assembly.
Policy support has also contributed to growth. The Goods and Services Tax (GST) on solar energy devices was reduced from 12 percent to 5 percent. The PM Surya Ghar: Muft Bijli Yojana aims to install rooftop solar systems in ten million households, expanding access to clean energy across the country.
Despite these gains, challenges remain. Geopolitical tensions and trade barriers could cause short-term price fluctuations and supply chain disruptions. However, with 91 percent of newly installed utility-scale renewable capacity now cheaper than fossil fuels, solar energy has firmly established itself as a mainstream power source. As countries work toward tripling renewable energy capacity by 2030, solar PV is expected to remain central to the global clean energy transition, with India playing an important role in shaping the sector’s future.
JOIN OUR MAIL LIST
I agree to get email updates
Please Select “I agree to get email updates” options.
Email field is required to subscribe.

You Have Successfully Subscribed to the Newsletter
Save my name, email, and website in this browser for the next time I comment.

JOIN OUR MAIL LIST
I agree to get email updates
Please Select “I agree to get email updates” options.
Email field is required to subscribe.

You Have Successfully Subscribed to the Newsletter

BioEnergy Times brings the latest News & Information from India & around the world related to the BioFuels and BioEnergy.
Contact us: news@bioenergytimes.com

© Copyright 2026 BioEnergy Times

source