The Karnataka Electricity Regulatory Commission (KERC) has issued an order to simplify the adoption of rooftop solar systems for consumers with sanctioned loads of up to 10 kW. The order addresses critical issues such as capacity enhancement, streamlined approvals, and technical tolerance. To expedite the implementation of rooftop solar systems, KERC has allowed the submission of online applications for systems up to 150 kW.

The Bihar Electricity Regulatory Commission has issued the Green Energy Open Access Regulations, 2024, to promote the generation, purchase, and consumption of green energy, including energy from waste-to-energy projects. The minimum limit of open access transactions has been reduced from 1 MW to 100 kW to enable even small consumers to purchase renewable power.

The Madhya Pradesh government has allotted 442.04 acres of land in the Mohasa-Babai region for companies to set up renewable energy manufacturing projects. The latest land allotment will expand the size of the existing 441.96-acre industrial park, which was developed to promote electrical and renewable energy equipment manufacturing.

Saudi Arabia-based energy company ACWA Power plans to invest up to $50 billion in renewable energy projects in China by 2030. The company aims to collaborate with Chinese state-owned enterprises to acquire clean energy assets totaling up to 20 GW and produce one million tons of green hydrogen. “We have a huge ambition to invest $50 billion in China by 2030, spanning renewable energy projects, green hydrogen, and desalination of water,” Lyu Yunhe, head of ACWA Power’s China operations, told Bloomberg TV.

Solar module manufacturer Canadian Solar’s third quarter 2024 revenue and earnings fell short of analyst expectations as average selling prices for solar modules dropped. Revenue for the quarter came in at $1.51 billion, an 18.34% year-over-year decline, missing estimates by $204.42 million. The company posted a net loss of $14 million or – $0.31 per share, missing consensus estimates by $0.19.

In the third quarter (Q3) of 2024, the U.S. solar industry installed 8.6 GWdc capacity, marking a 21% year-over-year increase but a 13% decline from the previous quarter, according to the U.S. Solar Market Insight Q4 2024 report by Wood Mackenzie and Solar Energy Industries Association (SEIA). Overall, solar photovoltaic (PV) accounted for 64% of all new electricity-generating capacity in the U.S. through the quarter, making solar the country’s leading source of new generating capacity.