[SMM PV News] Waaree Energies Approves INR 39B for Solar Glass Plant and Ups Stake in Subsidiary

South Korea's 'MOIS' has launched a national drive to establish community-owned solar cooperatives, targeting 2,500 'Sunlight Income Villages' by 2030. Under the program, communities will install 300 kW to 1 MW plants on idle land to share revenues among residents. The government is offering long-term, low-interest loans covering up to 85% of costs from a KRW 450 billion renewable energy fund in 2026. To overcome grid bottlenecks, the initiative grants projects priority grid access and 'ESS' installation support, while mandating the use of domestically produced modules and inverters.

Saudi Arabia installed a record-breaking 7.8 GW of solar capacity in 2025, bringing its cumulative solar total to an estimated 12.4 GW. While this cements solar as the nation's dominant renewable source, analysts at 'GlobalData' warn the current growth trajectory falls short of the 130 GW required by the 'Vision 2030' target, which demands over 23 GW of annual additions. To close this gap, experts urge the kingdom to implement standardized 'PPAs', streamline permitting, and heavily invest in grid flexibility and solar-plus-storage. Notably, the Saudi Power Procurement Company recently signed a massive 15 GW renewable energy deal (including 12 GW of solar) to accelerate future deployment.

The UK government has supported over 780 solar projects since July 2024, ranging from school rooftops to utility-scale power plants. Recent data reveals 8.1 GW secured backing through the 'contracts-for-difference' ('CfD') scheme across the sixth and seventh allocation rounds. An additional 2.7 GW gained approval via the 'National Significant Infrastructure Project' ('NSIP') stream, including the massive 600 MW Cottam Solar Project. Furthermore, 'Great British Energy' and the Community Energy Fund have backed hundreds of distributed installations, while the state-owned National Wealth Fund is injecting hundreds of millions of pounds into gigawatt-scale 'BESS' deployments to support the growing renewable grid.