[Solar: Alive Capital connects Romanian solar-plus-storage project]

In recent years, Indonesia's energy transition has shown clear signs of acceleration. As the government sets more ambitious renewable energy targets, and as mining decarbonisation, island-based power system upgrades, floating PV project development and local manufacturing build-out continue to advance, the long-term growth potential of Indonesia's solar PV, energy storage and microgrid markets is opening up further.

Indian PV manufacturer and EPC company HVR Solar plans to enter solar cell manufacturing with a 1.2GW annual production facility in Amroha, Uttar Pradesh. The company signed MoUs with several international technology partners during SNEC 2026, including Shenzhen Han’s Photovoltaic Equipment for TOPCon cell equipment, Gentech Technology for chemical and gas utility systems, and Indygreen Technologies for production line integration. HVR said the project will support India’s domestic renewable supply chain, reduce import reliance and create more than 500 direct jobs

Denmark-based European Energy has inaugurated the 148MW Tārgale Solar Park in Latvia. Located in Ventspils Municipality, the EUR 80 million project is expected to generate around 154,550MWh of electricity annually, enough to supply about 60,000 households. The project is supported by a 110MW corporate PPA with Apple, which European Energy says is among the largest single-plant corporate PPAs in the Baltic region. The project was developed with local stakeholders and is co-owned by European Energy and Danish pension fund Sampension.