Budget 2025: Key measures to expect for the energy sector

The government will be well served to address policy gaps which can, in the near term, spur private investments as government capex by itself cannot suffice for the capital hungry energy sectors.

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Jupiter International to invest ₹2,005 crore in solar manufacturing unit in Odisha

The facility will have an annual production capacity of 4.2 GW for solar cells and 3.6 GW for modules, contributing to the expansion of India’s solar manufacturing ecosystem.

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Karnataka to add 20 GW renewable energy capacity over five years

The state will establish ten renewable energy clusters of 2,000 megawatts (MW) each to facilitate expansion.

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Energy storage corporate funding rises to $19.9 billion in 2024, smart grid funding drops 27%

The top five energy storage VC funding deals in 2024 included Form Energy ($405 million), Sila Nanotechnologies ($375 million), EnerVenue Holdings ($308 million), Natron Energy ($189 million), and Ascend Elements ($162 million).

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PM-Surya Ghar surpasses 8.5 lakh installations, India targets 1,800 GW renewable energy by 2047

"The government aims to achieve 500 GW of renewable energy capacity by 2030, with a long-term vision of 1,800 GW by 2047," Joshi said. "This initiative, along with ongoing policy support and financial backing, positions India as a global leader in the clean energy transition."

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Hygenco secures EU RFNBO pre-certification for green ammonia exports

The CertifHy scheme, recognized by the European Commission, ensures compliance with international sustainability standards and allows end-users in the EU to access certified green hydrogen and low-carbon hydrogen.

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PLI, ALMM expansion, and EV tax cuts: What industry expects from Budget 2025?

With the government targeting 500 GW of non-fossil fuel energy by 2030 and aiming for Viksit Bharat 2047, stakeholders seek PLI scheme expansion, ALMM inclusion, GST rationalization, and enhanced R&D incentives.

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Hygenco secures EU RFNBO pre-certification for green ammonia exports

The CertifHy scheme, recognized by the European Commission, ensures compliance with international sustainability standards and allows end-users in the EU to access certified green hydrogen and low-carbon hydrogen.

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Oil prices hold near two-week low as weak China data adds to demand concerns

Brent crude oil futures rose by 12 cents, or 0.2%, to $77.20 per barrel by 0220 GMT. U.S. West Texas Intermediate crude futures were up 10 cents, or 0.1%, to $73.27. Brent settled on Monday at its lowest since Jan. 9, while WTI hit its lowest since Jan. 2.

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TP Solar secures ₹455 crore contract for 300 MWp solar modules

The contract, valued at ₹455 crore, is part of MSPGCL’s larger 750 MWp tender finalized through a competitive e-Reverse Auction (eRA) process. The modules will be delivered to multiple locations across Maharashtra within the current year.

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Oil, gas prices to remain high for time being: GAIL chairman

Speaking with PTI here during the World Economic Forum Annual Meeting, Gupta also said GAIL is looking to scale up its capital expenditure in the next 3-5 years to Rs 10,000-12,000 crore as work is underway on several gas pipelines and other projects.

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Solar scheme helps 2,448 power consumers in MMR turn self-reliant

Household solar projects in Maharashtra have surged, reducing the need for MSEDCL to buy external power. Over 26,000 rooftop solar installations have been completed, supported by a government subsidy scheme. Maharashtra's significant progress in solar adoption contributes impressively to the state's renewable energy sector and sets a strong example for other states.

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India's innovation, strategic partnerships key to global climate targets: EDF president Fred Krupp

Krupp underscored that while the world is lagging in addressing the climate crisis, countries like India have a chance to accelerate progress.

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NTPC REL secures 300 MW solar project in NHPC auction

The auction was part of NHPC’s tender for the selection of solar power developers for 1,200 MW of ISTS-connected solar power projects with energy storage systems.

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NTPC REL secures 300 MW solar project in NHPC auction

The auction was part of NHPC’s tender for the selection of solar power developers for 1,200 MW of ISTS-connected solar power projects with energy storage systems.

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UltraTech Cement's Q3 profit falls over 17 pc at Rs 1,470 crore

Cement maker UltraTech Cement on Thursday reported more than 17 per cent decline in its consolidated net profit for Q3 FY25 at Rs 1,470 crore, compared to Rs 1,774.78 crore in the year-ago period.

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Oil prices extend losses on uncertainty over Trump tariff impact

Brent crude futures fell 23 cents, or 0.3%, to $78.79 a barrel at 0135 GMT, while U.S. West Texas Intermediate crude (WTI) eased 18 cents, or 0.2%, to $75.26.

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Apollo Green Energy plans to launch IPO by Q4 CY25

Plans to enter domestic solar manufacturing space by FY26.

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India’s power demand to double by 2032; renewables lead the way: Union minister Pralhad Joshi

Addressing the Regional Review Meeting on Renewable Energy in Jaipur, Joshi said the country’s power demand is projected to double by 2032, requiring a greater role for renewables in the energy mix.

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India’s power demand to double by 2032; renewables lead the way: Union minister Pralhad Joshi

Addressing the Regional Review Meeting on Renewable Energy in Jaipur, Joshi said the country’s power demand is projected to double by 2032, requiring a greater role for renewables in the energy mix.

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Tata Power, OREDA sign MoU for rooftop solar expansion in Odisha

The MoU was signed by OREDA CEO Saidutta Biplab Keshari Pradhan and Tata Power CEO & MD Dr. Praveer Sinha in the presence of Deputy Chief Minister K.V. Singh Deo and Chief Secretary Manoj Ahuja.

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Trump leaves Paris climate agreement, doubles down on fossil fuels

The Republican leader also declared a "national energy emergency" to expand drilling in the world's top oil and gas producer.

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Domestic composite materials industry to touch USD 2.8 bn-mark by 2030: Report

Composite materials or fibre-reinforced plastics (FRP) help in the circular economy as these are manufactured by combining multiple materials with different properties.

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9 solar panels stolen from Panchkula Golf Club

According to the club's general manager, Colonel AS Dhillon, a total of 990 solar panels were installed at the golf course. However, upon inspection at around 3 pm on Saturday, it came to our notice that nine panels were missing.

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India’s green hydrogen developers eye offtakers in Japan, South Korea

India’s green hydrogen and green ammonia large project developers are looking to sign offtake contracts in Japan, South Korea as the domestic market is yet to take off, according to industry experts.

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India’s green hydrogen developers eye offtakers in Japan, South Korea

India’s green hydrogen and green ammonia large project developers are looking to sign offtake contracts in Japan, South Korea as the domestic market is yet to take off, according to industry experts.

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Oil prices dip but post 4th straight weekly gain on US sanctions

Brent crude futures dipped 50 cents, or 0.6%, at $80.79 per barrel, but gained 1.3% this week. U.S. West Texas Intermediate crude futures lost 80 cents, or 1%, at $77.88 a barrel, having climbed 1.7% for the week.

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Delhi’s air quality improves, GRAP stage-III restrictions revoked

The city’s average Air Quality Index (AQI) stood at 289 on Thursday, categorized as “Very Poor,” marking a sharp decline from the "Severe" levels earlier this week.

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Oil prices climb on supply fears, Fed rate cut hopes

Brent crude futures rose 13 cents, or 0.2%, to $81.42 per barrel by 0113 GMT, after declining 0.9% in the previous session. U.S. West Texas Intermediate crude futures were up 27 cents, or 0.3%, to $78.95 a barrel after dropping 1.7% on Thursday.

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India’s solar capacity surpasses 200 GW, non-utility solar grows 53%: SBICAPS Report

The year saw approximately 24.5 GW of new solar capacity, with rooftop solar growing by 53% year-on-year to 4.6 GW and off-grid solar expanding by 197%.

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Oil little changed as falling US stockpiles outweigh soft demand outlook

Brent crude futures were up 2 cents to $79.94 a barrel by 0205 GMT, after dropping 1.4% in the previous session. U.S. West Texas Intermediate crude rose 12 cents, or 0.15%, to $77.62 a barrel after a 1.6% drop.

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Budget 2025: Industry demands tax breaks, incentives for green energy push

With Finance Minister Nirmala Sitharaman set to present the Union Budget on February 1, leaders from the renewable energy sector are urging targeted policy measures and financial reforms to expedite progress toward India’s 2030 goal of achieving 500 GW of non-fossil fuel energy capacity.

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Tenders invited for seven solar power projects of 72 MW: Himachal CM

Himachal Pradesh Chief Minister Sukhvinder Sukhu on Monday said the government is aiming to harness green energy on a large scale. He said tenders have been invited for setting up seven solar power projects of 72 MW, which are being evaluated.

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Supreme Court declines to hear from oil and gas companies trying to block climate change lawsuits

The order allows the city of Honolulu's lawsuit against oil and gas companies to proceed. The city's chief resilience officer, Ben Sullivan, said it's a significant decision that will protect "taxpayers and communities from the immense costs and consequences of the climate crisis caused by the defendants' misconduct."

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Renewable energy capacity addition in India increases by 113 pc in 2024: Centre

India added about 30 GW (Gigawatt) of new renewable energy capacity last year, 113 per cent higher compared to 13.75 GW added in 2023, according to the Ministry of New and Renewable Energy.

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Delhi's air pollution levels drop, stage-III measures withdrawn

Following the improvement, the Sub-Committee on the Graded Response Action Plan (GRAP) of the Commission for Air Quality Management (CAQM) revoked all Stage-III restrictions across the National Capital Region (NCR) with immediate effect.

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Waaree Energies acquires Enel Green Power India for ₹792 crore

EGP India operates a renewable energy platform with a net capacity of approximately 640 MWAC (760 MWDC), encompassing solar and wind projects.

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Oil prices rally 3% as US hits Russian oil with tougher sanctions

Oil prices rallied nearly 3% to their highest in three months on Friday as traders braced for supply disruptions from the broadest U.S. sanctions package targeting Russian oil and gas revenue.

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Centre approves additional 5,000 MW renewable energy allocation to Rajasthan

The Central government on Thursday approved an additional allocation of 5,000 MW under Component-A of the PM Kusum Yojana for the Rajasthan government, officials said.

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ebm-papst, HYTING partner to develop hydrogen-fuelled heat generators

HYTING has developed a forced-air heating system, currently in the prototype stage, that uses a catalytic process to generate heat directly from hydrogen and oxygen without combustion.

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Telangana govt proposes 1,000 MW power generation by encouraging SHGs to set up solar plants

State Deputy Chief Minister Mallu Bhatti Vikramarka, along with other ministers, held a meeting with district collectors and officials on Wednesday to discuss the plan, an official release said.

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PM Modi to lay foundation stone for ₹1.85 lakh crore green hydrogen hub in Andhra Pradesh

The project, the first Green Hydrogen Hub under the National Green Hydrogen Mission, involves an investment of ₹1,85,000 crore.

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US to scrap curbs on Indian nuclear entities, boost energy ties

The US announced plans to ease regulations hindering civil nuclear cooperation with India, marking a significant step to fully realize the 2008 India-US civil nuclear deal. US NSA Jake Sullivan emphasized the importance of US-India defense, technology cooperation, and the India-Middle East-Europe Economic Corridor, while urging adherence to democratic values for deeper partnerships.

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Tata Power's ambitious pumped hydro project in Maharashtra to commence from this month

Tata Power's Pune and Raigad pumped hydro storage projects, with a combined 2,800 MW capacity, have received necessary approvals. These projects, valued at Rs 13,000 crore, aim to ensure a 24×7 clean power supply by 2029, contributing to grid stability and renewable energy integration.

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NTPC Renewable Energy bags 1,000-MW solar power project

NTPC Renewable Energy Ltd has secured a 1,000-MW solar power project from Uttar Pradesh Power Corporation Ltd (UPPCL) at a tariff of Rs 2.56/kWh.

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India’s petroleum demand to rise 3%-4% in FY25: Fitch

The demand growth will primarily be driven by diesel and petrol consumption, which account for a significant portion of India’s petroleum product usage. This follows increases of 3% during the first seven months of FY25 and 5% in FY24.

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Facing Rs 4k cr revenue gap, discoms want to hike power tariff by 7.5%

Though the overall hike of 7.52% has been sought, the domestic consumers will face the burnt of 7.3% and for agricultural consumers the hike will be 8.3%.

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Andhra Pradesh cabinet approves Rs 2,723 cr for Amaravati works, other investments

The Andhra Pradesh cabinet approves two engineering projects worth Rs 2,723 crore for Amaravati, including a green ammonia manufacturing facility and South India's first integrated energy project. Financial aid comes from the World Bank, HUDCO, and Germany. Other notable projects by Tata Power, RIL, and visits by PM Modi were also detailed.

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Oil rises as investors return from holidays, eye China recovery

Brent crude futures rose 46 cents, or 0.6%, to $75.10 a barrel by 0128 GMT after settling up 65 cents on Tuesday, the last trading day for 2024. U.S. West Texas Intermediate crude futures gained 49 cents, or 0.7%, to $72.21 a barrel after closing 73 cents higher in the previous session.

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