Page 15 - Energy Sector

Blocking of Strait of Hormuz may impact India's energy procurement: Experts

Any blocking or disruption of traffic through the Strait of Hormuz -- a narrow passage connecting the Persian Gulf to the Arabian Sea -- will have significant global and regional impact, including for India's energy security, strategic affairs experts said on Sunday. Following the US bombing of three major Iranian nuclear sites, Tehran has indicated that closing the Strait of Hormuz for shipping is one of the options on the table to pressure its adversaries. Nearly 30 percent of global oil and a third of the world's LNG (liquefied natural gas) passes through the strait daily and its closure would immediately reduce global supplies triggering a spike in prices, they said. The closure of the narrow passage would have significant global repercussions across energy markets and it will impact India's energy security as well, Dr Laxman Kumar Behera, Associate Professor at Special Centre for National Security Studies at the Jawaharlal Nehru University, told PTI. Behera said any disruption

Nearly half of India's power generation capacity non-fossil: Govt data

Nearly half of India's installed power generation capacity of a total of 476 GW is non-fossil fuel-based as of June, but coal-based thermal electricity plays a critical part, according to government data. According to a government explainer on energy and environment issued on Sunday, India's total installed power capacity has reached 476 GW as of June 2025. Non-fossil fuel sources now contribute 235.7 GW (49%) of total capacity, including 226.9 GW renewable and 8.8 GW nuclear, it stated. As of June 2025, India's renewable energy includes 110.9 GW of solar and 51.3 GW of wind power installed capacity. In addition to the installed capacity, 176.70 GW worth of RE projects are under implementation, with 72.06 GW under bidding stages. It explained that thermal power remains dominant, accounting for 240 GW or 50.52 per cent of installed capacity. It noted that India's energy sector is heavily reliant on non-renewable thermal sources, which together account for the largest share of the

India slips to 71st spot on Energy Transition Index; investment capacity up

Helped by significant improvement in energy efficiency and investment capacity, India has been ranked 71st on a global Energy Transition Index released on Wednesday by the World Economic Forum. Sweden topped the list of 118 countries, followed by Finland, Denmark, Norway and Switzerland in the top five. China was ranked 12th, the US was 17th and Pakistan at 101st place. Congo was ranked lowest. While India's rank has fallen from 63rd last year, the WEF said India and China experienced the greatest overall improvement among large economies, especially in increasing access to energy and strengthening transition readiness. The WEF said the top five largest economies China, the US, EU, Japan and India will ultimately determine the pace and direction of the global energy transition due to their sheer size. Together, they account for around half of the global GDP, population and total energy supply (TES), and also nearly two-thirds of global emissions, giving them an outsized influenc

Boson Cell leads India's march towards sustainable energy storage solutions

Boson Cell launches two lithium variants to support India's clean mobility, drone, and renewable sectors, aligning with the Atmanirbhar Bharat energy self-reliance mission

Boson Cell leads India's march towards sustainable energy storage solutions

Boson Cell launches two lithium variants to support India's clean mobility, drone, and renewable sectors, aligning with the Atmanirbhar Bharat energy self-reliance mission

Boson Cell leads India's march towards sustainable energy storage solutions

Boson Cell launches two lithium variants to support India's clean mobility, drone, and renewable sectors, aligning with the Atmanirbhar Bharat energy self-reliance mission

ECB cuts growth, inflation forecasts amid trade war and weak demand

Inflation is now seen falling further below the ECB's 2% target next year as lower energy costs, a stronger euro and weak economic growth all weigh on prices

India's energy transition, grid security hinge on strategic diversification

Regulatory frameworks must evolve to recognise both 'strategic premium' and 'cybersecurity premium' as legitimate components in tariff determination

India's energy trade with US facing price and transport challenges

Crude oil purchases are facing hurdles, LNG imports are crashing and potential LPG purchases are falling hostage to tariff and geopolitics, according to industry sources and ship tracking data

Delta Electronics signs deal with Ventus Energy to reduce carbon footprint

Delta Electronics would source a combined 9.6 million units of wind power annually to power its manufacturing facilities in Tamil Nadu

India produces 2.6% more coal in May at 86 million tonnes, shows data

The growth in both production and dispatch ensures a steady coal supply to key industries such as power, steel, and cement, the Ministry of Coal said in a statement

Jindal Stainless acquires stake in SPV formed with Oyster Renewable Energy

The company said that the equity stake in a special purpose vehicle has been formed with Oyster Renewable Energy Private Limited to develop a 282 MW hybrid renewable energy project

Jindal Stainless acquires stake in SPV formed with Oyster Renewable Energy

The company said that the equity stake in a special purpose vehicle has been formed with Oyster Renewable Energy Private Limited to develop a 282 MW hybrid renewable energy project

Tough emission targets may raise carbon credit prices, impact net zero goal

"More stringent targets, combined with fair carbon pricing, are urgently needed to safeguard Indian industry's competitiveness while still fulfilling our climate commitments"

We are sowing the seed for the future, says L&T's Subramanian Sarma

A few weeks ago, we had a meeting with the Ministry of Power and the minister was talking about adding 30 gigawatt (Gw) of additional thermal power capacity in India as the demand is rising

Coal ministry to auction 25 commercial mines in FY26 to boost output

The auctions aim to expand coal production capacity, replace depleted mines and ensure long-term energy security as India targets net zero via diversification

NTPC Green Energy wins major battery energy storage project in Kerala

NTPC Green Energy secured the deal for total battery storage capacity of 80MW/320MWh through a competitive bidding process

Mission LiFE may be merged into national action plan on climate change

Currently, the NAPCC has eight active missions across sectors like water, energy, and agriculture, aimed at addressing climate change

Serentica plans ₹1 trn investment to boost capacity to 17 GW by 2030: CEO

Akshay Hiranandani talks about about Serentica's future roadmap, and the current market scenario

Solex Energy net profit up 390% at Rs 42.79 cr in FY25 on higher revenues

Solar solutions provider Solex Energy on Tuesday posted 390 per cent jump in its net profit to Rs 42.79 crore for the fiscal year 2024-25, mainly on the back of higher revenues. The company's Earnings Per Share (EPS) rose to Rs 43.82, reflecting a 301 per cent year-on-year growth, a company statement said. According to the statement, Solex Energy also reported a remarkable 390 per cent increase in Profit After Tax (PAT), soaring to Rs 42.79 crore from Rs 8.73 crore in the previous year. The company delivered a robust performance, with consolidated revenues reaching Rs 665.82 crore, a significant 81 per cent year-on-year growth compared to Rs 368.02 crore in FY 2023-24, it stated. The stellar growth was driven by increased demand for solar modules, strategic execution of large-scale EPC projects, and geographical expansion in Maharashtra, Tamil Nadu, Uttar Pradesh, and Rajasthan, it added. Chetan Shah, Chairman & Managing Director, Solex Energy, said, "Our FY 2024-25 performance is