Global Energy Industry Key Trends – 5 June 2026

Key Trends

  • Solar recycling is emerging as a priority policy and industry challenge, with GSC CEO Sonia Dunlop calling for immediate action on end-of-life PV module management as decommissioning volumes are projected to reach significant scale by 2050, and Western Australia committing AU$17.8 million to module and battery recycling infrastructure.
  • Solar generation has saved Europe €12.8 billion — averaging €136 million per day — in avoided fossil fuel import costs since the start of the Iran war, reinforcing the energy security case for accelerated solar deployment across the continent.
  • India has surpassed the US to become the world’s second-largest market for annual solar capacity additions in 2025, with 37 GW added versus 34 GW in the US, marking a significant milestone in India’s trajectory from nascent market to global clean energy player.
  • China’s solar industry is navigating structural overcrowding by pivoting to new growth areas, whilst curtailment of wind and solar output remains a material concern domestically, even as Chinese module exports continue to underpin solar deployment across markets including Australia and Africa.
GSC and Associations in the News
Solar recycling cannot wait. The industry must act now on the PV end-of-life challenge (PV Tech)

The solar industry stands at a critical juncture. As billions of panels installed over the past two decades approach the end of their lifespans, the sector faces the unprecedented challenge of what to do with the tens of millions of tons of decommissioned photovoltaic modules expected to flood the market in the coming years, with volumes projected to reach staggering levels by 2050 … According to Sonia Dunlop, CEO of the Global Solar Council (GSC), the message is clear: the time to address solar recycling is now.

 Western Australia commits AU$17.8 million to solar module and battery recycling (PV Tech)

The Western Australian government has allocated AU$17.8 million (US$12.7 million) in its 2026-27 State Budget to build the state’s capacity to recycle solar modules and embedded batteries, under its Remade in WA programme … Sonia Dunlop, CEO of the Global Solar Council (GSC), recently spoke with PV Tech Premium, noting that the time to address solar recycling is now.

 India edges past US to become 2nd globally in solar capacity additions in 2025 (The Times of India)

India has, for the first time, surpassed the US to become the world’s second-largest market for annual solar capacity additions, the ministry of new and renewable energy said on Wednesday. Quoting the latest International Renewable Energy Agency (IRENA) report, the ministry said India added more than 37 GW of solar capacity in calendar year 2025, compared with 34 GW in the US … Subrahmanyam Pulipaka, chief executive officer of the National Solar Energy Federation of India , said India’s rise from a nascent solar market to a global clean energy powerhouse demonstrated the strength of long-term policy vision, regulatory certainty and sustained industry participation.

 Australia’s greenhouse gas emissions drop as renewable energy, batteries surge (Australian Broadcasting Corporation News)

Australia’s greenhouse gas emissions have dropped, showing signs of a turning point in the country’s most polluting sectors … Smart Energy Council CEO David McElrea said households and consumers were doing a lot of “heavy lifting” to help cut emissions.

 

China, Australia bask in solar panel success (China Daily)

Electrician James Moore, who installed solar panels on the roof of his Sydney home two years ago, said the green energy move has helped him halve his household power bills. When told that the equipment came from China, Moore was not surprised. “It’s efficient and effective, very suitable for sunny Australia,” he said … At a conference session on the importance of the Australia-China smart energy partnership, John Grimes, chief executive of Australia’s Smart Energy Council, said the solar and other advanced technologies developed by the Sino-Australian cooperation mark a deep relationship. The council is a nonprofit with more than 1,000 members.

How solar has saved Europe €136 million per day since the start of the Iran war (Euronews)

Solar is helping to rescue Europe from the crippling costs of fossil fuel imports, as the war on Iran continues to keep oil and gas prices sky-high … However, new analysis by SolarPower Europe reveals that harnessing sunlight for energy has saved Europe €12.8 billion as of 2 June – averaging out at €136 million per day.

Tighter fuel supply since war shows need to electrify – study (Montel)

EU fossil fuel imports have edged down since the start of the Iran war due to tighter supply, with the reduced flows highlighting the need to electrify for energy security, a think tank said on Friday … Separate figures from lobby SolarPower Europe today found solar generation had avoided an extra EUR 12.8bn on gas imports from the start of the war up to this week.

Germany just proved you can float solar panels on lakes without killing the ecosystem (The Times of India)

Solar farms need space. Lots of it. Build them on land, and you’re competing with farms, forests, and wildlife. So Germany tried something different: putting solar panels on water. Specifically, on a flooded gravel pit in Bavaria, where an old industrial site had become just another abandoned scar on the landscape … The rest of Europe is watching. Floating solar is moving beyond novelty status. It’s becoming infrastructure. SolarPower Europe has published guidance on best practices, helping developers avoid poor environmental planning.

 

Regional Developments
 Africa

 North America

Latin America

 Asia

 Australia

 EU & UK

Other Solar News
Social Media Highlights
  • Harsh Goenka (@hvgoenka), Chairman – RPG Enterprises, shared on X an image of a floating solar farm in China, captioned “Mind boggling! Solar panels on water in China….” garnering 2.4K likes.
  • InfraStory (@marinebharat) replied to @hvgoenka’s post with images of a floating solar farm in India, captioned “Mind Boggling! Solar panels on water in Bharat 🇮🇳” garnering 2.4K likes.

 

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