Page 11 - Energy Sector

Blue Energy Motors raises $50 mn to accelerate green trucking in India

Blue Energy Motors (BEM), India's leading manufacturer of LNG and Electric heavy-duty trucks, has secured fresh funding, bringing its total capital raised to USD 50 million, the company said on Thursday. The company's vision for green mobility is backed by Essar and FPT (Iveco Group), serving as both a strategic investor and technology partner. "In the latest funding round, Blue Energy Motors raised an additional USD 30 million from Nikhil Kamath and Omnitex Industries," the company said in a statement. BEM currently has a manufacturing capacity of 10,000 trucks per year. The fresh funding will be instrumental in fully unlocking this capacity, accelerating production, expanding the development of liquefied natural gas (LNG) and electric vehicle (EV) heavy-duty trucks, and scaling the company's green mobility footprint across India. "The company is at the forefront of decarbonising India's transportation sector, which contributes nearly 15 per cent of the country's total carbon ...

China stockpiling so much oil raises questions despite surge in EVs

China has purchased more than 150 million barrels - costing about $10 billion at current prices - above its actual use so far this year

Govt may rebid 40 GW renewable projects stuck due to lack of purchase deals

The government is expected to go for rebidding of around 40 GW of renewable energy projects that have been stalled in the absence of power purchase agreements (PPAs), official sources said on Wednesday. These 40 gigawatt (GW) includes both solar and wind capacity projects, one of the sources said. "Marketing efforts are on. If it does not get any success then "we will see at some point we will close it", sources told PTI. At present the winners of these tenders are engaged with distribution companies (discoms) because they are the potential buyers, they said, adding that no one is going to face any loss as no investment has happened yet in these projects. It is only the price discovery which has happened. Tariff rate of solar projects ranges from Rs 2.38 to Rs 2.56 per unit, while for that of vanilla wind between Rs 3.70 per unit and Rs 3.90 per unit, they said. Meanwhile, industry body FICCI said in a statement that the CERC (Central Electricity Regulatory Commission) will releas

Power sector CO2 emissions down for only second time in half a century

The power sector accounts for over half of India's total emissions. CO2 emissions from power generation added up to around 724 million tonnes (mt) in H1 2025

IEC chief calls for fivefold jump in renewable energy capacity by 2030

The world needs to increase renewable energy capacity fivefold to 11,000 gigawatts by 2030, the head of the International Electrotechnical Commission said on Monday, as experts from over 100 countries gathered in India to set global electrical standards. "A solar panel manufactured to international standards in one country must perform reliably in another, and grid interconnections must follow universal protocols -- this shared technical language is how we build a sustainable future together," IEC President Jo Cops said at the inauguration of the commission's 89th General Meeting in New Delhi. Consumer Affairs Secretary Nidhi Khare described the gathering as an "extraordinary convergence of technical brilliance, policy wisdom and institutional leadership" that represents a "historic occasion" for shaping the technological future. India has evolved from being a participant to holding the IEC Vice Presidency and actively participating in 121 technical committees, with observer status

TotalEnergies launches final phase of $27 bn Iraq energy project

The project aims to boost Iraq's oil, gas and power production, reduce imports from neighbouring Iran and lure back foreign investors

India achieves 250 GW green energy generation capacity: Prahlad Joshi

India's non-fossil fuel electricity generation capacity has jumped over three-fold to touch 250 GW-mark from 81 GW in 2014, New & Renewable Energy Minister Pralhad Joshi said on Wednesday. The country aims to have 500 GW of renewable energy capacity by 2030. "India's non-fossil installed capacity has witnessed an extraordinary rise from 81 GW before 2014 to 250 GW in 2025. This decade of consistent growth highlights the country's strong commitment to clean, sustainable and renewable energy, laying a solid foundation for a greener future," Joshi wrote on social media platform X. The minister further stated that this achievement across solar, wind, hydro, bio-energy and nuclear power strengthens our path to 500 GW by 2030 and positions India as a global leader in clean energy. According to his post on the X, the 250 GW non-fossil fuel electricity generation capacity includes 123.13 GW solar, 52,68 GW wind energy, 55.22 GW hydro, 11.60 bio-energy and 8.78 GW nuclear energy.

PFC, JBIC sign ₹3,500 cr loan pact to fund clean energy projects in India

Power Finance Corporation and Japan Bank for International Cooperation (JBIC) have signed a loan agreement worth 60 billion Japanese Yen (around Rs 3,500 crore) to finance clean energy projects in India. The deal not only strengthens economic ties between India and Japan but also marks a crucial step in advancing sustainable development, PFC said in a statement on Friday. The financing, under JBIC's Global Action for Reconciling Economic Growth and Environmental Preservation (GREEN) initiative, is supported through co-financing from Sumitomo Mitsui Banking Corporation and other Japanese banks. The loan agreement was signed in Tokyo on Friday by PFC CMD Parminder Chopra and JBIC Governor Nobumitsu Hayashi. In addition, a side agreement was executed with Sumitomo Mitsui Banking Corporation in the presence of Rajiv Kannan, Managing Executive Director, Head of India Division, SMBC. The company said a part of the loan will primarily support the establishment of Assam Bio Ethanol Pvt Lt

India eyes 126 million PNG connections, 18,000 CNG stations by 2034

Major push in gas infra expansion being achieved through state policies, says PNGRB

India finalising CCUS Mission roadmap; experts call for LNG contracts

The government is finalising the CCUS Mission roadmap and outlay as experts highlight the importance of long-term LNG supply contracts and domestic gas production for energy security

Waaree Solar Americas bags 452 MW solar module supply order in US

Waaree Energies on Tuesday said its US arm Waaree Solar Americas has secured an order to supply 452 MW of advanced solar modules to a leading American developer of utility-scale solar and energy storage projects. Scheduled for delivery across FY2026-27, these modules reinforce Waaree's growing presence in North America and highlight a strategic shift in how the US market is embracing Indian manufacturing strength to accelerate its decarbonisation goals, a company statement said. Waaree Energies, India's leading clean energy transition company, announced that its wholly-owned US subsidiary Waaree Solar Americas has signed an agreement to supply 452 MW of advanced solar modules to a leading American developer of utility-scale solar and energy storage projects, it added. The transition from developer to Indian manufacturer underlines India's emergence as a trusted partner in diversifying global renewable energy supply chains, at a time when the world is seeking alternatives to ...

BS Infra Summit: 'High costs, infra gaps are roadblocks to renewable push'

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

Nuclear energy can help power India's economic growth, private push welcome

For decades, state control was justified by concerns over radiation safety, misuse of nuclear material, and strategic security

Maharashtra inks MoUs worth ₹42,893 cr; projects to create over 28k jobs

The Maharashtra government on Tuesday signed memoranda of understanding (MoUs) worth Rs 42,893 crore with various companies for data centre and solar energy projects in the state. Speaking on the occasion, Chief Minister Devendra Fadnavis said the state is emerging as the data centre capital and solar energy integration capital of India. Eight MoUs for various investments and two strategic agreements, including a partnership with the UK to attract foreign investments, were signed. The MoUs worth Rs 42,893 crore are expected to generate 28,558 jobs, it was stated. The chief minister said these investment commitments reflect the trust of investors and the leadership of Prime Minister Narendra Modi. Fadnavis assured investors that the state government will offer full support from start to finish to ensure smooth implementation of the projects. He also announced renewed momentum for the state's ambitious hyperloop project, now progressing with the involvement of IIT Bombay and IIT ..

Rajasthan rides the crest of renewable energy wave, attracts investments

The state emerges as the top destination for new investment projects in Q1FY26, displacing the more advanced states of Maharashtra and Gujarat

NTPC becomes first PSU to adopt global standard for power supply continuity

Energy firm NTPC becomes first PSU in India's power sector to adopt ISO 22301:2019-based business continuity plan, ensuring uninterrupted operations during disruptions

PM Modi's I-Day speech highlights: GST reforms, Sudarshan Chakra, and more

Here are the top highlights from PM Modi's Independence Day speech, which lasted for 103 minutes

PM Modi's I-Day speech: India working on self reliance in energy sector

PM Modi said the country is working towards energy self-reliance through 'samudra manthan' as it scouts for oil and gas reserves in mission mode

Sanctions-hit refiner Nayara in talks with Indian govt to sustain ops

The private refiner, majority-owned by Russian companies including Rosneft, was sanctioned by the EU last month as part of a package targeting entities linked to Russian oil

Govt likely to allow private cos to mine uranium to help nuclear expansion

Prime Minister Narendra Modi's government plans to expand nuclear power production capacity by 12 times by 2047