Page 3 - Energy

Energy storage sector to attract Rs 4.79 trn investment by 2032: IESA

India's energy storage sector is likely to attract Rs 4.79 lakh crore investment by 2032, industry body India Energy Storage Alliance (IESA) said on Sunday. At the 5th Edition of International Conference on Stationary Energy Storage India (SESI) 2025 concluded last week at Gandhinagar, in Gujarat, industry body IESA projected that India's energy storage sector is poised to expand five-fold between 2026 and 2032, a statement said. The National Electricity Plan (NEP), projected that India will need an energy storage capacity of 16.13 GW (7.45 GW PSP (pumped storage project) and 8.68 GW BESS (battery energy storage system) with a storage capacity of 82.37 GWh (47.6 GWh from PSP and 34.72 GWh from BESS) by 2026-27. By the year 2031-32, the storage capacity demand is projected to increase to 73.93 GW (26.69 GW PSP and 47.24 GW BESS), with storage of 411.4 GWh (175.18 GWh from PSP and 236.22 GWh from BESS). "India's energy storage sector is projected to expand five-fold between 2026 and

Reliance-ONGC-BP alliance wins Gujarat offshore block for exploration

In an unprecedented alliance, ONGC, Reliance, and BP won a Gujarat offshore block under OALP-IX. ONGC secured 15 blocks overall, while Vedanta won 7 out of 28 blocks offered in the latest bid round

India, Sri Lanka, UAE unveil ambitious initiative for energy cooperation

India, Sri Lanka and the United Arab Emirates on Saturday firmed up an ambitious agreement to develop Trincomalee as an "energy hub" with a broader aim to help Colombo to achieve energy security and fuel its economic growth. The pact was signed following wide-ranging talks between Prime Minister Narendra Modi and Sri Lankan President Anura Kumara Dissanayake. To expand their energy ties, India and Sri Lanka also concluded a separate pact on electricity grid interconnection, a project that has been on the drawing board for some time. On the tripartite energy pact, Foreign Secretary Vikram Misri said it is an initiative designed to ensure Sri Lanka's energy security, provisioning of energy at affordable rates, and also to contribute revenue to the island nation through export earnings from energy. Explaining the pact, Misri said at a media briefing that the pact is a government-to-government MoU in order to provide the enabling framework, and to set out some of the broad terms of ...

JSW Energy installed generation capacity touches 10.9 GW in FY25

The installed generation capacity at the end of FY25 stands at 10.9 GW, significantly surpassing the 10 GW capacity target set for FY25

India Energy Week: Alternative sourcing deals with global firms on cards

Energy Ministers from UK, Qatar and African economies to be present at 3rd IEW beginning today

Juniper Green Energy secures $1 billion fund in phased debt financing

Renewable energy developer Juniper Green Energy on Monday said it has secured USD 1 billion in phased debt financing over the past few months from leading financial institutions. This strategic funding will support the growth and development of Juniper Green Energy and its subsidiaries, specifically for wind-solar hybrid and Firm & Dispatchable Renewable Energy (FDRE) projects. The company has successfully secured USD 1 billion in phased debt financing over the past few months from leading financial institutions, including Power Finance Corporation Limited (PFC), DBS Bank, HSBC Bank, and the Indian Renewable Energy Development Agency Limited (IREDA), Juniper Green Energy said in a statement. This fresh debt financing positions Juniper Green Energy to execute large-scale renewable projects, strengthen its operational capacity, and meet the rising demand for clean energy, it informed. Juniper Green operates a total capacity of 1.1 GWp. Recent developments include Juniper Green ...

Energy transition fund in crude oil sector unlikely to make return

Petroleum ministry had requested to reinstate the fund in Union Budget

From immigration to energy: Inside Donald Trump’s first executive orders

Donald Trump, sworn in as the 47th US President, signed a series of executive orders on his first day, reversing several Biden-era policies and pushing his agenda.

Donald Trump to declare national energy emergency, unlocking new powers

Trump vowed he would declare a national emergency on energy, saying it was needed to increase output and address burgeoning demand

Delhi's Bawana plant sparks protests, locals threaten to boycott polls

The proposed waste-to-energy plant in Bawana has taken centre stage ahead of the Delhi Assembly elections with the local residents raising environmental and health concerns and a section threatening to boycott the polls if the project proceeds. The plant has been planned on a 15-acre site near the Treatment, Storage, and Disposal Facility (TSDF) for hazardous waste in DSIDC Sector 5. Speaking to PTI, residents from over 15 nearby villages have claimed that the project will result in the destruction of trees, increased air and water pollution, and long-term health risks, including respiratory ailments as well as neurological disorders. They also argued that emissions from the waste-to-energy (WTE) plant, such as dioxins, furans, particulate matter (PM2.5 and PM10), and even heavy metals like mercury and lead, will not just worsen the air quality but also endanger public health. The toxic emissions from this plant will put our lives at risk. We're already struggling with pollution fr

Sterling Tools forays into manufacture of latching relays for energy sector

The company has partnered with Zhejiang Meishuo Electric Technology Co., China to locally manufacture latching relays for the energy sector, industrial grids, and other applications in India

Testing of energy storage systems needed for transition: NITI Aayog member

India must establish nationally accredited testing facilities for battery energy storage systems to support its ambitious clean energy transition goal, suggested NITI Aayog member V K Saraswat on Thursday. According to a statement, speaking at FICCI's Energy Storage Conference 2024, he highlighted the significant gap in testing and certification infrastructure as India aims to deploy over 238 gigawatt hours of battery storage capacity by 2030 to balance its expanding renewable energy network. He called for authorising third-party testing and certification till the time the government sets up storage certification agencies. Saraswat underlined that India requires a universal standard for all types of energy storage systems. While the Bureau of Indian Standards has developed 17 specifications for energy storage systems, with more under development, he pointed out, the country lacks adequate facilities to verify compliance with these standards. He also underscored that coal will have

Targets unchanged a year after deal on tripling renewables by 2030: Report

A year after countries agreed to triple global renewable energy capacity to 11,000 gigawatts by 2030, a new report on Tuesday revealed that national targets still only aim for a collective doubling of capacity in the next six years. The report by global energy think tank Ember showed only eight countries have updated their renewable targets in the last 12 months, resulting in just a four-GW increase in overall renewable energy targets globally. The report analysed national 2030 renewable capacity targets for 96 countries and the EU as a bloc. These countries collectively account for 96 per cent of the world's renewable capacity, 95 per cent of global electricity sector demand and 94 per cent of global power sector emissions. Of the 96 countries, 83 have renewable capacity targets for 2030. At the UN's climate conference in December 2023 in Dubai, world leaders reached a historic agreement to triple global renewables capacity by 2030. The International Energy Agency (IEA) and ...

China's energy dominance gets boost from Trump's return to White House

China is responsible for nearly a third of the world's carbon footprint, about 2.5 times the US figure

Amit Shah inaugurates Gujarat's largest waste-to-energy plant in Ahmedabad

This significant Waste-to-Energy Plant, developed at Piplaj in collaboration with Jindal Urban Waste Management Limited, will process 1,000 metric tons of waste daily

Spanish President affirms aid for India's energy security, green transition

Spanish President Pedro Sanchez on Tuesday affirmed Madrid's commitment to help New Delhi enhance its energy security and green transition. He also said that the country is eager to advance negotiations for a free trade agreement (FTA) between India and the European Union. Addressing a business meeting in India's financial capital, the President of EU's fourth-largest economy spoke strongly for greater partnerships on the digitalization front between India and Spain, and also bought a Ganesh idol using the Unified Payment Interface (UPI) at a merchant here. "We will be eager to advance the negotiations on an EU-India FTA. It is something essential to build up our position in the world economy for our two markets to grow both in size and diversity," Sanchez, who is on a three-day visit to India, said. He said India and the 27-member bloc need to develop "ambitious proposals" for the agreement, negotiations for which were relaunched in 2022 after a nine-year hiatus. "I am confident

India to launch coal exchange soon: Coal minister G Kishan Reddy

"Last week we took a briefing on setting up coal exchange," Minister added but didn't disclose the exact timing on when the exchange will come up

India emerging as clean energy superpower, delivering beyond expectations

By 2026, the country will be able to assembly 172 GW of panels per year, according to Mercom India Research, a renewables consultancy

How Pak Army 'coerced' five power companies to end contracts prematurely

Prime Minister Shehbaz Sharif's office stated that the companies had 'voluntarily agreed' to prioritise national interest over their business concerns

Indore on a 100-day mission to become world's first energy-literate city

The Indore Municipal Corporation is partnering with the Energy Swaraj Foundation to educate and empower residents to adopt more sustainable practices over the campaign's duration