NON FOSSIL FUEL
Global lenders to back Brookfield’s 1.04 GW project with $600 mn
A group of international banks is financing Brookfield's significant renewable energy project in India. This venture combines wind, solar, and battery storage. The project aims to provide reliable power. It is a key step in India's growing green energy sector. This development highlights substantial investment in sustainable power solutions.
Asia relying on US crude to replace Middle East supply
Asian fuel makers are turning to US crude oil. This shift is driven by disruptions in Middle Eastern supply. Countries like Japan and South Korea are buying more American oil. This is impacting global oil flows. The situation threatens to cause fuel shortages. US oil exports are reaching record levels. This trend is expected to continue.
India's Russian oil imports more than triple to 5.3 billion euro in March
India’s crude oil imports from Russia surged in March, with purchases tripling to €5.3 billion as volumes doubled and prices rose, according to Centre for Research on Energy and Clean Air. The spike followed a US sanctions waiver, prompting state refiners to resume buying. Russia remained India’s top supplier, while China led overall purchases. Asian markets continued to dominate Russian oil exports.
Will US naval blockade on Iranian ports successful in ending already-fragile ceasefire? Global oil, Strait of Hormuz, Donald Trump, Iran tensions explained
Will US naval blockade on Iranian ports successful in ending already-fragile ceasefire? The United States has launched a naval blockade targeting ships linked to Iranian ports after failed talks. Warships are near the Gulf of Oman and the Strait of Hormuz. Iran has issued warnings. Oil prices, shipping, and global trade face pressure. This explainer covers the blockade, ceasefire risks, oil supply impact, diplomacy, and global reactions.
GAIL (India) plans Rs 3,294 crore 600 MW solar project in Uttar Pradesh
GAIL India is set to build a massive 600 MW solar power project in Uttar Pradesh. This significant undertaking includes a 550 MWh battery storage system. The project aims to boost power supply reliability and efficiency. It represents a major expansion of GAIL's renewable energy efforts. This move aligns with India's strong push for clean energy and reduced carbon emissions.
Amid West Asia crisis: Santa Marta meet aims to drive fossil fuel shift
The Santa Marta conference has been described as a meeting of the "coalition of doers", comprising countries and stakeholders committed to shifting away from fossil fuels. It will bring together members of existing alliances such as the Fossil Fuel Non-Proliferation Treaty, the Beyond Oil and Gas Alliance, and the Powering Past Coal Alliance.
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Banks’ exposure to carbon-intensive sectors raises long-term credit risk, costs: IIM Lucknow study
Banks financing carbon-heavy industries face growing credit risks. Research from IIM Lucknow shows this exposure leads to higher monitoring and recovery costs over time. Financial institutions must align lending with a low-carbon economy. Stronger capital buffers help banks manage these climate-related risks. Transitioning to greener portfolios benefits both the environment and business.
Karnataka government ignores protests, notifies lifetime tax on EVs, spares two-wheelers
Karnataka has introduced a new lifetime road tax for electric cars, jeeps, and buses, excluding two-wheelers. This move aims to generate an additional Rs 250 crore for the state government. The decision has drawn criticism from Union Minister Pralhad Joshi and the EV industry, who fear it could increase crude oil imports and hinder climate goals.
India defers power plant maintenance to add 10 GW capacity for summer peak demand
India is boosting electricity supply for summer. Maintenance shutdowns at thermal power plants are postponed. This adds 10,000 MW of power. Imported coal plants are running at full capacity. Coal stocks are maintained. India's electricity system remains strong. Installed capacity exceeds 531 GW. Over 22,000 MW will be added in three months.
India records highest-ever annual solar capacity addition of 45 GW in FY 2025-26: Pralhad Joshi
The minister further informed that the country added 6.65 gigawatts of solar capacity in March 2026, marking the highest-ever solar installation in a single month. "Rajasthan, Gujarat, and Maharashtra have led this extraordinary growth, powering India's transition towards a cleaner, greener, and more self-reliant future," Joshi said.
Centre to roll out PM-KUSUM 2, push rooftop solar to hit 10 million homes
India is set to boost solar power with new schemes. The PM-KUSUM 2 initiative will expand solar irrigation. The PM Suryaghar Muft Bijli Yojana aims to connect 10 million homes to solar power. Rooftop solar installations are progressing rapidly. Efforts are underway to address pending power sale agreements and transmission challenges to ensure green energy distribution.
India logs record 6.05 GW wind capacity addition in FY26, up 46% YoY
India has achieved a record 6.05 GW of wind capacity in FY26. This marks the highest annual addition, pushing total wind power past 56 GW. Gujarat, Karnataka, and Maharashtra led the growth. Government support and open access have driven this expansion. This achievement is crucial for India's renewable energy goals and its 2030 target.
India achieves highest-ever annual wind energy capacity addition of 6.05 GW in 2025-26
India has set a new record for wind energy capacity addition. In 2025-26, the nation added 6.05 GW of wind power. This brings the total installed wind capacity to over 56 GW. This achievement is driven by strong policies and project execution. States like Gujarat, Karnataka, and Maharashtra led the additions. This boosts India's renewable energy goals.
TPG to buy NIIF Green Infra NBFC Aseem for Rs 4,000 cr
US buyout group TPG, alongside ICICI Bank and GIC of Singapore, is set to acquire Aseem Infrastructure Finance Ltd for Rs 4,000 crore. This strategic move aims to accelerate green funding and investment initiatives in India, with the existing sponsors exiting the non-bank lender.
Karnataka withdraws exemption, to slap lifetime tax on EVs, except two-wheelers
Karnataka has withdrawn lifetime road tax exemptions for electric cars, jeeps, buses, and private vehicles, except for two-wheelers. The move aims to generate an additional Rs 250 crore in revenue, with tax rates varying based on vehicle price. This decision has drawn criticism as a regressive step against EV adoption.
War-proof stocks: Why 45 names soared even as Iran-US conflict caused mayhem in Indian stock market
Indian stocks are defying global market fears. Pharma, energy, and industrial companies are delivering positive returns. Investors are favoring domestic power producers and renewable energy players. Commodity-linked stocks are also gaining traction. This trend highlights a shift towards defensive and domestically focused investments in uncertain times.
Transform - Siemens Innovation Day 2026 demystifies industrial AI for Viksit Bharat
Mumbai hosted Siemens’ sixth Transform - Innovation Day, where Siemens’ Member of the Managing Board and CTO Peter Koerte declared that “AI is going to transform the many sectors that you have, and India is going to gain and contribute the most”. Siemens Limited MD and CEO Sunil Mathur hailed India as a “stable oasis” even as VUCA tensions escalate. Discover the blueprint in sync with Viksit Bharat, with “textbook AI” now becoming a “business reality”.
War, oil, and opportunity: Abakkus Mutual Fund's Sanjay Doshi on India's 5-year winners
Despite geopolitical shocks, Abakkus Mutual Fund's Sanjay Doshi remains bullish on India's long-term growth story, viewing market consolidation as an opportunity. He identifies manufacturing, financials, and premium consumption, alongside new-age themes like EVs and defence, as key drivers for India's next growth phase.
Target set, aim, release: India sticks to climate course with NDC 3.0
India has updated its climate targets for 2031-35. The new goals aim for increased non-fossil fuel electricity, reduced emissions intensity, and a larger carbon sink. Despite initial perceptions of modesty, these targets reaffirm India's dedication to global climate efforts. The nation is ready to actively participate in tackling climate change, emphasizing collaboration among all stakeholders.
A riskier Mideast will drive Big Oil toward new frontiers
The U.S.-Israeli war with Iran has shattered the Middle East's reputation as a stable energy hub, damaging infrastructure and disrupting vital shipping lanes. This conflict is forcing major oil companies to seek new fossil fuel resources elsewhere, as higher oil prices make previously marginal regions more attractive for investment.
A decade of global climate caution is sealed by India’s wary goals
India has adopted a cautious climate strategy through 2035, focusing on reducing emissions intensity rather than absolute cuts, even as global attention shifts to its role after policy pullbacks by the United States and modest targets from China.
Cabinet clears India's 2035 climate targets: NDC targets 60% clean energy share, 47% emissions reduction by 2035
India has finalized its 2035 climate targets. These goals aim to increase non-fossil fuel electricity generation to 60 percent. The nation will also reduce its economy's emission intensity by 47 percent from 2005 levels. Additionally, India plans to boost its nature-based carbon sink. These commitments signal India's steady climate strategy and focus on implementation.
Cabinet clears Rs 30,640 crore package for connectivity, immigration revamp, climate targets
India is set to boost regional air travel with the revamped UDAN 2.0 scheme. This initiative will develop 100 new airports and 200 helipads, focusing on tier-2 and tier-3 cities. Additionally, the IVFRT 3.0 scheme will modernize immigration and visa processes. These combined efforts aim to improve connectivity and ease of travel for all.
Suzlon bags about 100 MW wind project from GAIL, marks sixth repeat order
Suzlon Group has secured a significant around 100 MW wind energy project from GAIL. This project will be located in Nandurbar, Maharashtra. It aims to support GAIL's petrochemical plant's decarbonisation efforts. Suzlon will supply, erect, and commission 47 wind turbines. This marks a repeat order from GAIL and strengthens Suzlon's public sector presence. The project aligns with India's clean energy targets.
Tesla plans India push into energy storage as it expands beyond cars, job ad shows
Tesla is gearing up to make its debut in India's industrial energy storage sector, setting the stage for head-to-head battles with giants like Reliance and Adani. With a proven track record of successful energy storage systems around the globe, Tesla aims to capitalize on the Indian government’s push for innovative storage solutions that align with ambitious clean energy goals.
COP31: Turkiye eyes 'balancing act' on growth & green goals
Turkiye has identified nine priority issues as its climate action agenda for defining the balance between development and green transformation. These include zero waste, youth and education, food security, green industrialisation, resilience, climate action implementation mechanism, climate resilient cities, and seas and oceans.
India’s non-fossil power capacity to hit 786 GW by FY36, exceed 2030 target: Govt
India plans to significantly boost its non-fossil fuel power capacity to 786 GW by FY36, accelerating its clean energy transition beyond the 2030 target. This expansion aims to meet rising energy demand, driven by urbanization and industrial growth, while fossil fuel capacity will be capped at 335 GW.
India solar capacity to quadruple, wind to triple over decade: Power ministry adviser
India is set for a massive renewable energy boost. Solar power capacity is expected to quadruple, and wind energy capacity to triple over the next decade. This will significantly reduce the nation's reliance on coal for electricity. Non-fossil fuel capacity will reach 786 gigawatts by 2035-36. Solar energy will form the largest part of this clean power mix.
India to mandate locally made solar ingots, wafers for clean energy projects from June 2028
India is set to boost its solar manufacturing. From June 2028, clean energy firms must use locally made solar ingots and wafers. This move aims to reduce reliance on Chinese imports. India is investing heavily in domestic solar production. The country is targeting 500 GW of non-fossil fuel power by 2030. This policy supports the entire solar panel manufacturing chain.
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