The latest renewable energy news includes announcements on Saatvik Green Energy, Yude Solar and SEDAYUSolar, Iberdrola, and others.
Saatvik Green Energy Wins ₹100 Crore Contract to Install 5,000 Solar Pumps in Maharashtra
Indian solar equipment manufacturer Saatvik Green Energy has secured an order worth approximately ₹100 crore from Maharashtra State Electricity Distribution Company to supply and install 5,000 off-grid solar water pumps. The contract covers systems rated at 3 HP, 5 HP and 7.5 HP under Maharashtra’s Magel Tyala Saur Krushi Pump Yojana. Saatvik will handle design, manufacturing, transportation, installation, testing and commissioning. The agreement includes remote monitoring, repair services and a five-year warranty. Installation must be completed within 60 days of the relevant work order. Saatvik operates approximately 3.8 GW of solar module manufacturing capacity and is expanding its domestic manufacturing operations.
Yude Solar and SEDAYUSolar Establish Joint Venture for Solar Projects in Indonesia
Chinese solar developer Yude Solar Technologies, a subsidiary of GoodWe, has established a joint venture with Indonesian engineering company SEDAYUSolar to develop and operate renewable-energy projects. The partnership will target commercial and industrial rooftop solar, ground-mounted installations and utility-scale photovoltaic projects across Indonesia. Battery storage may be integrated into selected developments. Yude Solar has developed and commissioned more than 3 GW of residential and commercial solar capacity, while SEDAYUSolar has completed over 250 projects in Indonesia since its establishment in 2009. The joint venture will combine project financing, engineering, construction and long-term operations. Initial project capacity, investment commitments and construction schedules were not disclosed.
STX Group Signs First Certified E-Methane Offtake Agreement with TURN2X in Spain
Dutch environmental commodities trader STX Group has signed its first offtake agreement for renewable e-methane produced by TURN2X at its commercial facility in Spain. The first delivery of fully certified renewable fuel took place in early October 2026. TURN2X produces synthetic methane using renewable hydrogen generated through electrolysis and biogenic carbon dioxide. The fuel meets the European Union’s Renewable Fuels of Non-Biological Origin requirements. TURN2X’s methanation technology can adjust production according to renewable electricity availability. The company aims to expand production beyond 1 TWh in the coming years. STX will market the fuel to European industrial and transportation customers. Contract duration, pricing and initial delivery volumes were not disclosed.
Iberdrola Renewable Capacity Rises 2.4 GW to 46.44 GW as Offshore Wind Generation Grows 16%
Spanish electricity company Iberdrola reported 46,437 MW of installed renewable-energy capacity at the end of September 2026, an increase of 2,406 MW from a year earlier. Renewable electricity generation reached 64,881 GWh during January–September, representing growth of 0.9 percent. Offshore wind generation increased 16 percent to 6,122 GWh, while solar production grew 10.7 percent to 6,973 GWh. Onshore wind generated 31,015 GWh, up 1.1 percent. Hydropower production declined 6.3 percent to 20,290 GWh. Renewable generation increased 18.5 percent in the United Kingdom and 9.2 percent in the United States. Renewables represented 81.2 percent of Iberdrola’s total installed capacity.