Renewable Energy Sector

At Business Standard's Manthan Summit, ReNew Chairman and CEO Sumant Sinha said countries like India, which are driving electrification, hold a technological edge over nations pushing for fossil fuels

The success of artificial intelligence and renewable energy convergence will be when the overall power cost comes down, and industrial competitiveness goes up, a government official said on Monday. India has been significantly adding renewable energy capacity, and the country's total capacity is around 520 GW. Also, there is around 35 GW of distributed renewable energy capacity. JVN Subramanyam, Joint Secretary at the Ministry of New and Renewable Energy (MNRE), said Artificial Intelligence (AI) is going to be a game changer, especially for distributed renewable energy. He was participating in a session on 'Global Mission on AI for Energy Scaling through citizen-centric India Energy Stack' at the AI Impact Summit in the national capital. "I think in the next two to three years' time, success in AI and the renewable energy convergence would be where the overall cost of power to the consumers goes down, our industrial competitiveness goes up, and consumer empowerment becomes prosume

The renewable energy industry has sought incentives for research and development as well as for the manufacturing of ingots and wafers in the FY27 Union budget, as the sector looks to transition from capacity additions to execution certainty. The industry has also asked for measures to ramp up transmission infrastructure and long-term green finance. Finance Minister Nirmala Sitharaman is scheduled to table the Union Budget for the financial year 2026-27 in Parliament on February 1. Industry stakeholders said sustained growth in renewables would depend on policy clarity, financially sound utilities and bankable power purchase agreements, along with targeted interventions to support distributed solar, storage-linked solutions and hybrid systems. Jakson Group Chairman Sameer Gupta said the FY27 budget offers an opportunity to shift the focus from headline capacity announcements to ensuring execution across the renewable energy ecosystem. A clear policy push towards distributed energy

Suzlon Energy stock: The brokerage has trimmed its target price to ₹60 from ₹66, reflecting a lower valuation multiple due to a temporary slowdown in central tendering activity.

The clean energy ministry's letter rattled solar manufacturers in the country, with many raising concerns that the move could choke financing for the entire sector

A World Economic Forum report says India will lead global growth in renewable capacity and generation through 2030, driven by higher clean-energy investment and policy support such as PLI schemes

The use of 7.3 million tonnes of paddy straw currently burnt by farmers in the biogas plants can produce renewable gas worth about Rs 270 crore per year, said the Indian Biogas Association (IBA) on Sunday. The latest anaerobic digestion processes can efficiently convert this agricultural residue into Compressed Bio-Gas (CBG), which can directly replace imported natural gas, an IBA statement said. Beyond energy, paddy straw is excellent for bioethanol production because of its 40 per cent cellulose content, it added. It has the potential to achieve import substitutions worth Rs 1,600 crore, the IBA claimed. Even the remaining 20 per cent lignin fraction can yield high-value products, such as polymers, activated carbon, Graphene and resins, it added. According to the statement, diverting only the 7.3 million tonnes of paddy straw currently burnt to biogas plants can produce renewable gas worth about Rs 270 crore per year. "This policy is likely to attract investments of Rs 37,500 c

The project will support grid stability and the supply of renewable power, making Khavda the largest combined renewable and storage park in the world

Coal India is accelerating its renewable energy plans and expects to reach 3,000 MW of solar capacity by 2029, with tenders for 875 MW Rajasthan projects to be finalised soon

India has no offshore wind capacity but is on track to commission record 6 Gw of onshore wind capacity in FY26, says Joshi

As of September-end, the Renewable Energy Implementing Agencies (REIAs) have issued Letters of Award (LoAs) for 43,942 megawatt capacity where PSAs with end procurers remain unsigned

While the move could free up grid capacity struggling to keep up with India's rapid renewable rollout, it would be a major setback for the green ambitions of the world's third-highest emitter

Brookfield is one of the world's largest investors in renewable power, with about 46 GW of installed capacity and a development pipeline of approximately 200 GW

Government says renewable sector is transitioning from rapid expansion to a consolidation phase, focusing on grid integration, dispatchable energy, and market reforms

At 11:00 AM, Waaree Renewable Technologies share price was trading 8.58 per cent higher at ₹1,231.90 per share. In comparison, BSE Sensex was trading 0.42 per cent lower at 82,156.20 levels.

Some agencies gave companies only seven days to submit bids, the ministry said in the circular, without providing details on which agencies were involved or the values of such projects

Waaree Clean Energy Solutions Pvt Ltd will expand its Electrolyser manufacturing capacity from 300 MW to 1,000 MW annually with an additional Capex of ~₹125 crore.

The GST rationalisation is expected to lower solar power generation costs by 10 paise per unit & reduce wind energy generation costs by Rs 15-17 paise per unit, accelerating India's energy transition

India's renewable energy investments reached $11.8 billion in H1 2025, marking the second-highest half-year activity on record, according to BloombergNEF's latest tracker.

India has set a target of 500 gigawatt (Gw) of renewable energy capacity by 2030. However, the installed base currently stands at around 225 Gw