RENEWABLE ENERGY CAPACITY
India seeks to triple clean energy capacity to 900 gigawatts by 2035, but major hurdles remain
India has announced an ambitious goal to install 900 gigawatts of clean energy by 2035. The government has approved nearly $20 billion to improve power grid infrastructure. Experts emphasize that grid enhancements are crucial for this energy transition. While coal remains a significant energy source, the shift toward renewables is essential. Meeting future demands will require integrated solutions for electricity generation and storage.
Rising middle-class aspirations drive demand, create jobs and fuel economic growth: PM Modi
Prime Minister Narendra Modi said rising aspirations among India’s expanding middle class are driving consumer demand, job creation and economic growth. Speaking after launching projects worth ₹15,000 crore in Bengaluru, he highlighted tax relief and GST cuts aimed at boosting household savings and disposable income.
Razorpay, Sembcorp Green Infra get Sebi nod to float IPOs
Razorpay Software Ltd and Sembcorp Green Infra recently received approval from Sebi for their initial public offerings, marking a major milestone in their growth journeys. Razorpay aims to secure Rs 5,000-6,000 crore to enhance its financial services platform, while Sembcorp Green Infra plans to raise Rs 3,750 crore to bolster its renewable energy initiatives.
Neo-middle class driving India’s demand, jobs & economic growth: PM Modi
Prime Minister Narendra Modi on Friday said rising aspirations and spending power of India’s expanding middle class are driving demand, creating jobs and supporting economic growth.
CleanMax plans ₹50,000-crore investment in Andhra Pradesh to power 2 GW green compute factory
CleanMax Enviro Energy Solutions Ltd has signed an MoU to invest ₹50,000 crore in Andhra Pradesh for developing clean energy. The investment will include 3 GW of renewable capacity and a compute factory in Kurnool district. They plan to ensure round-the-clock electricity through integrated power infrastructure combining wind, solar, and storage systems. Additionally, CleanMax will implement training programs for local youth and upgrade educational infrastructure.
Oyster Renewable to complete Rs 350-crore wind-solar project in Andhra Pradesh by December
Oyster Renewable Energy is nearing completion of a 60.9 MW wind-solar hybrid project in Kadapa district. The project will be operational by next month and includes solar and wind energy capacity. The solar capacity has already been commissioned and operational, generating significant electricity annually. Once complete, the project aims to reduce CO₂ emissions considerably each year. Laurus Labs will benefit from reliable renewable power through this hybrid energy initiative.
Renewables helped India save over $100 billion in fuel imports since 2011: IEA
India's expansion of renewable energy capacity has helped the country avoid more than USD 100 billion in coal and natural gas import costs between 2011 and 2025, highlighting the economic and energy security benefits of generating more electricity domestically, according to a report by the International Energy Agency (IEA).
Clean energy gains fail to lift India's climate ranking
India's renewable energy initiatives have progressed, yet the country has dropped in the Climate Change Performance Index rankings. While India met its non-fossil fuel targets ahead of schedule, the challenge of generating electricity persists. The report highlights progress in solar and wind energy capacities and emphasizes the need for better storage solutions. Experts suggest that India should establish new, more ambitious goals for renewable energy.
India's renewable energy expansion averts $100 bn in fuel imports, savings seen at $240 bn by 2030
The findings underline the growing economic and energy-security dividends of India's renewable energy transition, with increased domestic electricity generation reducing exposure to imported fossil fuels and volatility in international energy markets.
Karnataka plans feasibility studies for 1,500 MW floating solar capacity
Karnataka is currently exploring the establishment of floating solar power projects aimed at generating 1,500 MW capacity. The initiative includes conducting feasibility studies and surveys for suitable reservoirs and water bodies. KPCL will evaluate technical aspects and environmental impacts as part of project preparation. This project reflects the state's commitment to innovative renewable energy solutions while optimizing land and water resources.
India clears Rs 68,800-crore power corridor to connect western renewables with eastern demand hubs
India has approved the construction of a 1,150-kilovolt power transmission corridor that will aid electricity distribution. This corridor will connect western energy generation hubs to eastern industrial and urban centers. The project's estimated cost is nearly 688 billion rupees and is expected to take about six years to complete. The first phase will specifically link Chhattisgarh, Odisha, and West Bengal.
Saudi Arabia, Turkey sign deal to build 3,000 MW of wind power capacity
Saudi Arabia and Turkey have signed an agreement to develop 3,000 MW of wind power capacity in Turkey, taking the total planned capacity under their energy partnership to 5,000 MW. The latest pact builds on a February agreement for 2,000 MW of solar projects, as Ankara expands renewable energy investments.
India weighs replacing old wind turbines to boost capacity by 50% without acquiring land
India is exploring a plan to replace ageing, smaller wind turbines with larger, more efficient machines to increase generation at existing sites without acquiring additional land. The Indian Wind Turbine Manufacturers Association estimates that 5-8 GW of old wind capacity could be repowered immediately, potentially raising capacity at these sites by nearly 50%. The initiative is being discussed with states including Gujarat, Maharashtra and Karnataka as India seeks to accelerate wind power deployment and meet its clean energy targets.
Resolven mobilises USD 900 million financing this year
Resolven has successfully mobilised USD 900 million in financing from 15 diverse lenders this year. The funds consist of USD 700 million in debt financing and USD 200 million in non-fund lines. Earlier this year, the company became an independent renewable energy entity focusing on growth projects. It aims to expand renewable capacity significantly, targeting more than 1.5 GW annually by 2030.
When wars and AI cast a shadow, India has pressed a power reset
India’s renewable energy expansion is reshaping its energy security, cutting dependence on imported coal and natural gas as wars, oil supply disruptions and AI-driven electricity demand put pressure on power markets. An International Energy Agency report says clean energy saved India over $100 billion in fuel imports between 2011 and 2025, with cumulative savings potentially reaching $240 billion by 2030.
Renewable energy could save India $240 billion in coal, gas imports by 2030: IEA
The savings are expected to increase as solar and wind power displace imported fossil fuels, with annual savings projected to reach around USD 35 billion by 2030, exceeding India's actual non-coking coal and natural gas import bill in the financial year 2024-25.
Tata Power Renewables commissions 300 MW project for SECI in Karnataka
Tata Power Renewable Energy Ltd has successfully commissioned a 300 MW solar project located in Koppal, Karnataka. This project is expected to generate approximately 810 MUs of renewable energy each year. The project will assist in reducing around 103,820 tonnes of carbon emissions annually. Notably, about 16 women professionals represent nearly 40 percent of the workforce employed at the site.
IREDA seeks global funding partnerships to lower borrowing costs for green projects
IREDA is aiming to collaborate with global banks and investors for long-term green financing initiatives. Renewable energy developers in India face high borrowing costs compared to those in developed markets. The country requires significant investment to achieve its renewable energy capacity goals by 2030. Concerns regarding land acquisition and transmission infrastructure continue to pose challenges for developers. Disruptions in power generation can substantially impact project finances and repayment capabilities.
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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