The latest renewable energy news includes announcements from NTPC Green, Canadian Solar, United Solar, Recurrent Energy, and others.
NTPC Green Boosts Renewable Capacity to 10,721.8 MW with Gujarat Wind Project
NTPC Green Energy has strengthened its renewable energy portfolio after its wholly owned subsidiary, NTPC Renewable Energy, declared commercial operation of the first 50.4 MW phase of the Vanki Wind Energy Project in Nakhatrana, Kutch, Gujarat. The project began commercial operations from July 8, 2026, increasing NTPC Green’s total installed renewable energy capacity to 10,721.8 MW. The commissioning supports the company’s long-term strategy of rapidly expanding its wind and solar portfolio as India accelerates its clean energy transition. NTPC Green aims to build 60 GW of renewable energy capacity by FY2032, making it one of the country’s largest green power developers.
Canadian Solar Appoints Dylan Marx as CEO of Recurrent Energy
Canadian Solar has announced a leadership change at Recurrent Energy, its global project development subsidiary. Ismael Guerrero is stepping down as CEO, while Dylan Marx has been appointed to lead the business with immediate effect. Guerrero will remain as a non-executive adviser until December 31, 2026, ensuring continuity. Marx will step down as Canadian Solar’s Chief Operating Officer. Canadian Solar, founded in 2001, has delivered nearly 177 GW of solar PV modules over 25 years. Its e-STORAGE unit shipped over 20 GWh of battery storage by March 31, 2026, with a $3.5 billion backlog as of May 8, 2026. Its pipeline includes 24 GWp solar and 81 GWh storage.
United Solar Completes $1.6 Billion Capital Raise for Oman Polysilicon Plant
United Solar has completed a $1.6 billion capital raise after closing a $50 million equity investment from IFC, the World Bank Group’s private sector arm. IFC arranged and mobilized more than 30 percent of the total capital for the project. The funding supports United Solar’s 100,000-ton-per-year polysilicon facility in Sohar Free Zone, Oman, which started operations in January 2026 and is expected to ramp to 100kT by end-2026. The FEOC-compliant plant will supply traceable high-purity polysilicon to tier-one solar manufacturers. At full capacity, it can support about 40 GW of solar modules annually, power up to 12 million homes, avoid 8.8 million tons of emissions, and create nearly 3,000 jobs.
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