Global Solar Capacity Reaches 1,418 GW

08 Nov 2024 CW Team

The global solar power sector has witnessed impressive growth, reaching a total capacity of 1,418 gigawatts (GW), according to recent reports. This expansion is accompanied by record investments, which have surged to $3.1 trillion in recent years. The rising demand for clean energy, combined with technological advancements and declining costs, has driven this growth, positioning solar as a central pillar in the transition to renewable energy.

The report highlights how solar power has become increasingly cost-competitive, with large-scale solar projects now achieving cost parity with traditional fossil fuel-based generation. This shift is particularly prominent in emerging economies, where solar is playing a key role in addressing energy access and sustainability.

Countries across the globe are accelerating their efforts to meet climate goals, with solar energy emerging as a critical component in their renewable energy strategies. The International Energy Agency (IEA) predicts that solar will lead global power generation, outpacing coal and natural gas in the coming decades. Additionally, solar technology's scalability and efficiency improvements are expected to further drive its adoption worldwide.

The $3.1 trillion in investments signifies the increasing confidence in the solar sector and its long-term viability. These investments are being directed toward infrastructure development, advanced technologies, and expanding grid integration, further enhancing solar's role in the global energy mix.

This milestone is not only a testament to the sector's growth but also signals a positive shift toward a more sustainable and clean energy future, with solar power at its forefront.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..