INVESTMENTS IN RENEWABLE ENERGY INDIA
Bioenergy can cover 50 pc of India's fossil fuel consumption in 5 years: Nitin Gadkari
Nitin Gadkari says bioenergy can significantly reduce India's fossil fuel use. He urges the automobile industry to focus on alternative fuels. Air pollution is a major concern, with the transport sector contributing significantly. The government promotes ethanol, methanol, and other biofuels. The automobile sector is vital for job creation and exports. Bajaj, TVS, and Hero are major exporters.
Wind energy centre of Atma Nirbhar Bharat: India becomes 3rd largest maker of renewable energy; wind capacity hits 51.5 GW in a decade
On Global Wind Day 2025, Minister Prahlad Joshi emphasised wind energy's pivotal role in India's clean energy goals and its ambition to become a global manufacturing hub. India has achieved 51.5 GW of wind capacity and aims for 100 GW by 2030. The focus is now on integrating wind with storage, reducing tariffs, and boosting manufacturing efficiency.
'Sectors like innovation, energy, technology offer immense potential': PM Modi on meeting CEOs in Cyprus
In a post on X, PM Modi said, "Boosting business linkages! President Nikos Christodoulides and I interacted with leading CEOs in order to add vigour to commercial linkages between India and Cyprus. Sectors like innovation, energy, technology and more offer immense potential. I also talked about India's reform trajectory in the last decade."
Karnataka placed first in country for highest wind power capacity
Karnataka secured the top position in India for wind power capacity addition. The state added 1,331.48 MW in the financial year 2024-25. Energy Minister K J George received the award from Union Minister Pralhad Joshi. Tamil Nadu and Gujarat followed in second and third place respectively. Karnataka's total installed wind power capacity now stands at 7,351 MW.
India has achieved 51.5 GW wind capacity, 150% growth in a decade: Union Minister Pralhad Joshi
Union Minister Pralhad Joshi announced India's wind energy capacity has reached 51.5 GW. This marks a 150% growth in ten years. India is now exporting wind turbines. The nation aims for 100 GW by 2030, including offshore projects. The government approved Viability Gap Funding for offshore wind projects. Renewable energy budget increased by 53%.
Torrent Power shares in focus after bagging 300 MW wind project from SECI
Torrent Power shares will be in focus after its subsidiary, Torrent Green Energy, secured a 300 MW wind power project from SECI under Wind Tranche-XVIII. With a tariff of Rs 3.97/unit and Rs 2,650 crore investment, the project is set for commissioning within 24 months. This brings Torrent’s total renewable capacity under development to 3.3 GWp.
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German utility RWE and tech giant Amazon announce partnership
German utility RWE and Amazon have formed a strategic partnership, exchanging clean energy from RWE’s wind and solar projects for Amazon’s AI and cloud services. The deal supports Amazon’s green energy goals and RWE’s digital transformation, with plans to expand collaboration in renewables, data centers, and energy-focused AI development.
Torrent Power bags 300 MW wind project from SECI
Torrent Power's subsidiary, Torrent Green Energy, has secured a 300 MW wind project from SECI under Wind Tranche-XVIII. The project, with a tariff of Rs 3.97 per unit, requires an estimated investment of Rs 2,650 crore. This win increases Torrent's renewable capacity under development to 3.3 GWp, solidifying its position in the power sector.
Nepalese Foreign Minister calls for 'green energy cooperation' with India
Nepal's Foreign Minister highlights that green energy cooperation will strengthen interdependence between Nepal and India, emphasizing clean and sustainable energy sources. A long-term agreement to export 10,000 MW of electricity to India over the next decade signifies growing energy collaboration. Deuba also stressed enhancing connectivity through investments in various infrastructure projects.
Sustained capacity addition, PPA tie ups improve revenue visibility for Acme Solar
Acme Solar stock: Acme Solar gained 18% in a month after reporting strong Q4 results, improved power generation, and a 55% rise in output. The firm expanded capacity to 2,806 MW and raised fresh equity via IPO, with analysts forecasting strong growth till FY28.
NSE gets Sebi nod to launch electricity futures. 3 things exchange expects to achieve
NSE electricity futures: NSE has secured Sebi’s approval to introduce monthly electricity futures, aiming to deepen power markets, provide hedging tools, and attract large-scale climate finance. The move supports long-term reforms and India's net-zero goals under the Electricity Act, 2003.
Waaree Energies secures 599 MW solar module supply order in US
Waaree Energies, an Indian renewable energy firm, has received a new order. It will supply 599 MW of solar modules to the United States. This deal pushes their total orders above 1,200 MW for the first quarter of FY26. The modules will come from their Texas facility. This strengthens Waaree's position in the American clean energy market.
Gautam Adani visits Chinese equipment makers as US legal woes linger
Gautam Adani visited China to meet industrial equipment manufacturers. This trip marks his first overseas engagement since US legal cases. Sagar Adani accompanied him. The visit highlights Adani's focus on renewable energy. He inspected Jinko Solar's facility. Adani also visited Broad Group. This trip signals renewed international engagement. It comes amid controversies and investor concerns.
Cost of green hydrogen in India set to fall by up to 40%: Report
India's green hydrogen costs are projected to decrease by up to 40% due to government support and incentives, potentially reaching Rs 260-310 per kg. The nation's Green Hydrogen Mission, launched in January 2023 with a Rs 19,744 crore outlay, aims for 5 million tonnes of annual production by 2030.
New air-conditioners to have 20 degrees C as minimum temperature: Power Minister
India plans to regulate AC temperatures, setting limits between 20-28°C for new units to curb energy consumption. The government is also supporting battery storage projects with a Rs 5,400 crore viability gap fund, aiming to attract Rs 33,000 crore in investment.
India extends transmission charge waiver for energy storage projects until June 2028
India has extended inter-state transmission charge waivers for electricity storage projects until June 2028 to boost clean energy adoption. This move supports the country's ambitious target of 500 GW of clean energy capacity by 2030, addressing the intermittency of renewable sources. Additionally, a 54 billion rupees scheme has been approved to support battery energy storage systems.
DFCC Bank’s green bond debut first foreign corporate issuer at GIFT IFSC
DFCC Bank PLC became the first foreign corporation to list green bonds on NSE IX at GIFT IFSC, raising LKR 2.5 billion for solar energy projects. This supports Sri Lanka’s renewable goals and strengthens regional sustainable finance partnerships between India and Sri Lanka under IFSCA’s green finance vision.
Can solar power spark a shift away from coal in India?
India's solar power surge in early 2025 led to a rare decline in fossil fuel power production, potentially setting the stage for reduced annual coal consumption. A record 32.4% jump in solar generation helped utilities meet demand while cutting natural gas output. With expectations of above-average monsoon rains boosting hydropower, further coal use reductions are anticipated.
Rudra Global plans to set up 30-mw renewable energy projects in Gujarat
Rudra Global Infra is expanding its renewable energy portfolio with a 3.3 MW wind project in Gujarat, backed by significant bank funding. This initiative, costing over Rs 32 crore, is slated for completion by December 2025 and will generate approximately 1.1 crore units of power annually.
Hyundai shares soar 7% to surpass IPO price, hit new all-time high amid high volumes
The surge in Hyundai Motor India could be attributed to multiple factors, including RBI’s repo rate cut, boosting auto demand, the company's gains in India’s electric vehicle market, and its investment in renewable energy. Hyundai's EV strategy and macroeconomic tailwinds are seen as key growth drivers.
Solar body urges govt to extend transmission fee waiver for delayed projects
The National Solar Energy Federation of India (NSEFI) is urging the government to extend the Inter-State Transmission System (ISTS) charges waiver to renewable energy projects commissioned by June 2026. This request addresses risks from delays beyond developers' control, potentially impacting projects worth ₹5 lakh crore.
Promoter family likely offloads 1.45% stake in Suzlon Energy via block deal, stock rises 2%
The Tanti Family and Trust, promoters of Suzlon Energy, offloaded a 1.45% stake in the company via a block deal involving 8.86 crore shares. Despite the sale, the stock opened higher, reaching an intraday high of Rs 68.20. The deal, valued at approximately Rs 1,295 crore, includes a 180-day lock-in period, with Motilal Oswal acting as the broker.
Promoter family to offload 2.9% stake in Suzlon Energy via block deal: Report
Suzlon Energy’s promoters, the Tanti Family and Trust, are set to sell 20 crore shares via a Rs 1,295 crore block deal at a 2.9% discount. The deal includes a 180-day lock-in period and is seen as a strategic move to manage debt. Market experts view the transaction as a sign of sustained investor interest in India’s renewable energy sector.
IndiGrid to acquire transmission, solar assets for Rs 2,100 cr
IndiGrid is set to acquire ReNew Solar Aayan, a 300 MW solar project in Rajasthan, and Koppal Narendra Transmission, an interstate transmission system in Karnataka, for approximately Rs 2,108 crore. These acquisitions, funded through a mix of equity, internal accruals, and debt, align with IndiGrid's strategy to bolster grid stability and energy access.
JSW Energy commissions 281 MW renewable energy project
JSW Energy has launched a 281 MW renewable energy project in Maharashtra. The project includes 215 MW of solar and 66 MW of wind capacity. JSW Renew Energy Three has signed a power purchase agreement with Adani Electricity Mumbai. The agreement is for 250 MW of wind capacity for 25 years.
Serentica Renewables secures over $100 million debt funding from Rabobank, Societe Generale
Serentica Renewables secured USD 100 million in debt financing from Rabobank and Societe Generale for a 300 MW solar project in Rajasthan. This project will supply green energy to BALCO, aiding in the decarbonisation of India's industrial sector.
Clean energy investment rising despite economic uncertainty: IEA
Global investment in clean energy technologies is projected to reach a record high this year, surpassing fossil fuel investments, which are expected to decline. This surge is driven by energy security concerns and rising electricity demand, including from AI and data centers.
India needs massive investments for Net-Zero Goal by 2070; Private sector will be vital: Moody-ICRA
A joint report by Moody's and ICRA reveals India needs significant investment, around 2% of its real GDP, to achieve its 2070 net-zero emissions goal, particularly in the power sector. While renewable energy will dominate future capacity additions, coal reliance will persist in the short to medium term.
Maruti Suzuki plans mega Rs 925 crore green bet; shares rise
Maruti Suzuki India will expand its renewable energy use. The company plans to invest over Rs 925 crore by fiscal year 2031. This investment will increase solar power capacity to 319MWp. Maruti recently added 30MWp of solar capacity at its Haryana and Manesar plants. The company aims for 85% renewable energy use by fiscal year 2031.
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