92 GWH ENERGY STORAGE
Indian battery component makers face up to 61% cost disadvantage against imports: Report
Indian battery component manufacturers are facing cost challenges that make local production more expensive than imported goods. The report indicates that high input costs hinder the growth of domestic manufacturing capabilities. Battery demand in India is expected to rise significantly by 2037, creating urgency for improvements in local production. The government is considering incentive options to support the industry and bridge the cost gap.
Cabinet approves ₹14,500-crore scheme to add 92 GWh energy storage capacity
The Union Cabinet has approved a significant ₹14,500-crore scheme aimed at developing new energy storage capacity. This funding will support the establishment of 92 GWh of grid-scale energy storage across India. Additionally, 850 fast-track courts will be set up to expedite cases involving child abuse and rape. The government has also created a pathway for the enrollment of 25% of Agniveers in the armed forces.
Renewable energy key to India's energy security, German envoy Jasper Wieck says
Germany underscores the critical role of renewable energy in fortifying energy security for India. During recent discussions, German Ambassador Jasper Wieck highlighted the necessity for India to domestically produce solar panels and batteries. The Bharat Renewable Energy Summit is instrumental in establishing partnerships between Indian and German firms for local production.
CCI clears KKR's Rs 6,000 crore investment in PETRONAS-backed Gentari Renewables
Global investment firm KKR has received approval from India's Competition Commission to invest in Gentari Renewables India. This clean energy platform is part of Malaysia's PETRONAS group, which focuses on renewable energy projects. KKR plans to invest approximately Rs 6,000 crore in the Indian renewable energy sector. The firm already holds investments in various Indian clean energy companies.
Essar Power to invest Rs 4,500 crore in 300 MW renewable energy project in Andhra Pradesh
Essar Power is planning a significant investment in a 300 MW Firm and Dispatchable Renewable Energy project. The project aims to combine solar and wind power generation with Battery Energy Storage Systems for improved reliability. This initiative follows a power purchase agreement with NHPC Ltd, enhancing Essar's renewable energy portfolio. It also contributes to India's target of 500 GW of non-fossil fuel electricity by 2030.
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Indus Towers equips 50,000 sites with solar power; plans to double count by FY29
Indus Towers has installed solar systems at 50,000 telecom sites, adding around 300 MW of capacity, and aims to double the number by FY29. The company says the initiative, combined with battery storage and energy-management systems, has helped cut energy costs by 8-10% per kilowatt and reduce diesel consumption.
CCI clears Kotak-Deutsche deal, KKR vehicle's Gentari investment
Kotak Mahindra Bank has received approval for the acquisition of Deutsche Bank's retail and wealth management business. The acquisition will take place on a slump sale basis from Deutsche Bank's branches in India. This business includes services such as deposits, loans, investments, insurance, and foreign exchange products. KKR-backed Sapphire US Holdco will also subscribe to securities of Gentari Renewables India, which specializes in renewable energy.
India elected as President of International Solar Alliance for third straight term: Pralhad Joshi
Addressing media at the summit, Joshi said, "At the ninth session of the ISA, we reaffirm a fundamental belief: progress becomes truly meaningful when its benefits are shared". He congratulated France on the occasion of being reelected co-President of the ISA.
Advait Energy Transitions Q2 profit jumps 89% to Rs 19.18 crore; revenue rises 41%
Advait Energy Transitions has reported an 88.5 percent increase in net profit for the quarter ending September 30, 2026. Revenue for this period rose 40.8 percent, reaching Rs 220.9 crore, driven by strong demand for power transmission solutions. The company also experienced substantial growth in its consolidated revenue for the first half of FY27.
Climate platform Two Point O raises $10 million led by Transition Venture Capital
The company plans to enter battery energy storage while expanding its existing offerings in solar power, energy efficiency, and wastewater treatment. It will also target customers in sectors such as data centres, automobile manufacturing, pharmaceuticals, and healthcare, where energy and water consumption are significant operating costs.
Indian-American-led firm gets US nod for $8.2 billion LNG port off Texas coast
ST LNG has received approval to build a deepwater liquefied natural gas port off Matagorda, Texas, costing USD 8.2 billion. Construction is expected to commence in 2027 and the port will be operational by 2029. The project is anticipated to have a total export capacity of 8.4 million tonnes of LNG annually. It will also create approximately 2,000 construction jobs and up to 855 permanent positions.
EAM Jaishankar slams sanctions, chokepoints disrupting global energy trade, holding prices hostage
S Jaishankar highlighted the challenges posed by disruptions in global oil supplies during the G20 meeting. He pointed out that the current energy crisis results from unpredictability and significant disruptions. Jaishankar emphasized the need for the G20 to ensure that energy markets remain open and predictable. He also mentioned India's efforts in critical minerals and the necessity for reliable energy supplies.
India's 500 GW RE target hinges on LDES scale-up; FY28 viability gap funding key enabler: IESA report
With a target of 500 GW of renewable energy capacity by 2030, India recognizes the urgent need for long-duration energy storage solutions. The India Energy Storage Alliance stresses the pivotal role of viability gap funding to promote quicker adoption of these technologies. Current data reveals substantial solar energy curtailment caused by grid restrictions, highlighting the necessity for strategic policy support and innovative business paradigms.
Adani Ports makes $3.3 billion play for Evos Terminals
Adani Ports has submitted a binding $3.3 billion bid for Evos Terminals, a European liquid-storage operator with eight terminals across five countries, as it looks to expand overseas and build exposure to energy-transition infrastructure. The move follows APSEZ’s unsuccessful bid for Associated British Ports and reflects a broader push into global ports, container assets and liquid terminals.
Why is Adani betting $3.4 billion on global energy trade chaos?
Adani Group is reportedly exploring a $3.4 billion acquisition of Dutch energy storage giant VTTI as global oil supply disruptions reshape energy trade. With terminals across 16 countries, VTTI could expand Adani Ports' international footprint, strengthen crude oil storage and logistics capabilities, and unlock opportunities in fuel trading, biofuels, hydrogen infrastructure and global energy supply chains amid geopolitical uncertainty.
ACME Solar shares rally 5% after Q2 profit jumps over 100%, signs 400MV agreement with NTPC
ACME Solar shares rose 5% after its Q2 FY27 profit surged 133.5% to ₹269 crore and revenue climbed 67.5% to ₹1,007 crore. The rally was also supported by its subsidiary signing a 25-year power purchase agreement with NTPC for a 400 MW renewable energy project.
India needs $220 billion investment to achieve 500 GW clean energy target by 2030
India faces a significant challenge in attaining its renewable energy targets, necessitating an investment of about $220 billion between 2027 and 2030. This capital will aid in expanding energy storage solutions, transmission infrastructure, and manufacturing strength. Ahead of the Bharat Renewable Energy Summit & Expo, secretary Santosh Kumar Sarangi emphasized the urgency of these investments, which will foster public-private partnerships for sustainable energy solutions.
Adani said to weigh deal for €3 billion energy storage firm VTTI
Billionaire Gautam Adani is reportedly exploring a potential acquisition of Dutch energy storage group VTTI. Supply disruptions have made VTTI's facilities increasingly valuable for energy trading, attracting multiple suitors. A deal could value VTTI at around €3 billion, with IFM Investors and Vitol owning significant stakes. Adani Group has been evaluating international acquisitions to accelerate its growth in various sectors.
India needs $220 billion to meet 500 GW renewable energy target by 2030
The Bharat Renewable Energy Summit & Expo 2026, to be held from November 2- 5 at Bharat Mandapam in the national capital, will serve as a key forum for seeking the USD 220 billion investment, the official said.
Adani Green’s debt maths: Why leverage may fall below 4x as capex cycle matures
Adani Green Energy Limited is looking forward to a decrease in leverage as its upcoming projects start functioning and yield cash flow. With a substantial ₹2.4 lakh crore earmarked for capital expenditures by FY30, the company aims to enhance its renewable energy capacity. As project loans are paid off, leverage is expected to dip below four times.
India climate-tech funding may reach USD 1.9 billion in 2026 as growth capital expands: Report
India's climate-tech and deep-tech sectors are expected to attract new investments by 2027 due to various factors. The report indicates that funding has been heavily focused on larger transactions, which raises concerns regarding smaller companies. Opportunities for investment exist in diverse areas such as deep technology and energy storage, highlighting potential for growth. Government initiatives are increasingly supporting this transition, as they disburse significant funding for projects.
Torrent Power says 3,000-MW Karjat pumped storage project outside Bhimashankar Sanctuary
The company in a statement said the project, which will supply power to Maharashtra, would support grid stability as the share of solar and other renewable energy rises, while reducing reliance on coal-fired generation during evening peak hours. It also rejected reports of tree felling inside the sanctuary, describing them as based on incorrect information.
Protests rage in Arunachal: India’s answer to China’s mega dam faces resistance in Siang valley
Arunachal Pradesh protests: The ambitious 11,200 MW Siang Upper Multipurpose Project has sparked huge uproad among local tribes in the state, who are fearful about the potential displacement of over 150,000 people and the loss of villages and farmland.
Microtek invests over Rs 400 cr to accelerate solar business growth
Microtek has announced a significant investment over Rs 400 crore for its solar business expansion in Jaipur. The new solar panel manufacturing plant is expected to become operational by November 2026 and will support the company's energy vision. The company is also highlighting its new Battery Energy Storage System to improve energy management for households.
Adani Green Energy shares fall 4% after Q2 results. What are Jefferies, JM Financial saying?
Adani Green Energy reported a 15% year-on-year rise in Q2FY27 net profit to Rs 673 crore, while revenue grew 39% to Rs 4,520 crore. Shares fell 4% after the results. Jefferies maintained its Buy rating, while JM Financial retained Add, citing growth opportunities and operational challenges.
Adani Green Q2 Results: Profit rises 15% YoY to Rs 673 crore; revenue jumps 39%
Adani Green Energy reported a 15% year-on-year rise in consolidated net profit to Rs 673 crore in Q2, while revenue grew 39% to Rs 4,520 crore. Power supply revenue rose 45% to Rs 4,019 crore, and energy sales increased 33% to 12,090 million units, reflecting expanding operational capacity.
Non-lithium batteries set to cut India's 50% storage imports by 2035: Netra
Recent surveys suggest that India's battery energy storage sector is transforming towards non-lithium technologies. These include sodium-ion, vanadium redox flow, and zinc-based batteries which could reduce import dependence.
Centre extends bid deadline for advanced chemistry cell battery PLI scheme to November 10
In a recent announcement, the Ministry of Heavy Industries confirmed the extension of the ACC Production Linked Incentive Scheme deadline to November 10, 2026. Manufacturers now have more time to submit technical bids, which will be addressed on November 11, 2026. This initiative seeks to support local ACC manufacturing efforts, ultimately reducing imports and enhancing India's battery production landscape.
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