Page 2 - Renewable Energy

COP30 chief hails India, China for leading global clean energy transition

COP30 President Andre Corra do Lago has praised India and China for playing a transformative role in the global energy transition, saying both countries have embraced climate action "in a very clear way" and are driving down the cost of clean technologies worldwide. Addressing a press conference at the opening of COP30 in Belem, Brazil, do Lago said China has "embraced this agenda in an extraordinary way" by combining scale, technology and affordability, three crucial ingredients that have accelerated the world's progress towards cleaner energy systems. He said both China and India are shaping the future of the global energy transition. China has very advanced technology and has a scale that can only be compared to India. And India is somehow doing the same, because they also have brilliant companies and engineers and incredible people. They are going in the same direction, he said in response to a question on China's contribution to the fight against climate change Do Lago emphasi

India could miss 2030 green hydrogen production goals, says top official

A key global decarbonisation milestone for maritime shipping has also been delayed, further dimming near-term prospects for the use of green hydrogen in large vessels

Tracking India's solar future: Why every GWh matters in energy transition

As India builds renewable capacity at record speed, the focus must shift from scale to strength-ensuring every GW added delivers dependable GWh and lasting energy security

India's solar capacity to exceed 125 GW, raising oversupply concerns

India's solar module manufacturing capacity is set to surpass 125 GW by 2025, more than triple the domestic demand of around 40 GW, creating an inventory surplus of 29 GW, according to Wood Mackenzie. The surge has been fueled by the government's Production Linked Incentive (PLI) scheme, which has spurred rapid factory expansion. However, the industry now faces overcapacity risks, compounded by a sharp decline in exports to the United States, where new 50 per cent reciprocal tariffs caused module shipments to fall 52 per cent in the first half of 2025. Several manufacturers have paused their US expansion plans and refocused on the domestic market. Wood Mackenzie warned that cost competitiveness remains a challenge. Indian-assembled modules using imported cells are at least USD 0.03 per watt more expensive than fully imported Chinese modules, while fully 'Made in India' modules could cost more than double their Chinese counterparts without government support. Protective measures,

Why the US economy might benefit from abandoning clean energy goals

By selling more fossil fuels and avoiding the expense of meeting green regulations, the US would see its GDP grow by about 1% more than it would have had it continued the clean energy transition

Mitsubishi Corp buys stake in India's KIS Group, debuts into biogas segment

KIS Group aims to invest $1 billion across renewable gas and biofuel solutions in Southeast Asia and India by 2030

India asks RE agencies to secure buyers for stranded power projects

According to the document, the ministry has directed REIAs to sign agreements directly with the developer, bypassing the buyer-side agreement, or, alternatively, cancel the tenders as a last resort

India crosses 500 Gw power capacity, non-fossil sources contribute over 50%

India achieves one of its COP26 goals five years ahead of schedule as non-fossil energy sources contribute over half of total installed power capacity

UK's BII set to invest $75 million for Blueleaf Energy's India plans

The investment will be made in Blueleaf's utility-scale solar, wind, and energy storage projects in India, and is expected to generate more than 3.2 gigawatt-hours (GWh) of clean energy annually

India now 4th largest renewable energy producer at 257 GW: Pralhad Joshi

Union minister Pralhad Joshi on Tuesday said India is the fourth-largest nation in the world in terms of renewable energy capacity, at 257 GW, a three-fold jump from 81 GW in 2014. Addressing the 8th session of the International Solar Alliance Assembly, the union minister of new and renewable energy said India's solar capacity increased from 2.8 GW in 2014 to 128 GW today. He said, "India is now the world's 4th-largest in RE capacity. Renewables in 2014 V/s Now: 81 GW - 257 GW." He informed that solar module manufacturing capacity increased from 2 GW in 2014 to 110 GW at present. Similarly, the solar cells manufacturing increased from 'zero' to 27 GW. He said under the leadership of Prime Minister Narendra Modi, India achieved the Nationally Determined Contribution target of 50 per cent capacity from non-fossil sources, five years ahead of the deadline. India's renewable tariffs, be it solar, solar-plus-battery, and green ammonia, are among the lowest globally, he said, adding th

Japanese auto major Honda Motor picks up minority stake in OMC Power

Japanese auto major Honda Motor Co Ltd has picked up a minority stake, in the range of 5-10 per cent, in homegrown OMC Power, which is in the process of building up 1 gigawatt (GW) renewable energy portfolio in India, according to industry sources. The investment has come at a time when OMC Power is entering into a new business vertical where the company will deploy electric vehicle (EV) batteries as battery energy storage system (BESS) solution, and re-purpose the old EV batteries to support with UPS (uninterrupted power supply) like the inverters or some similar kind of applications. As per industry sources, Honda Motor is learnt to have picked up a stake of 5-10 per cent in OMC Power and may increase its share in the future. In an interaction, OMC Power MD & CEO Rohit Chandra said both companies had been in talks for over 4 years to work out a business collaboration. It is the result of research and development, market studies, feasibility studies, and customer trials, all of ..

Govt says India's renewable energy sector has entered consolidation phase

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

Coal may singe net-zero journey as India readies updated climate pledge

Indian policymakers are drawing up an updated climate change pledge to be presented to the UN by early November. The world's watching closely

Centre plans tighter rules for green power to safeguard grid stability

Unpredictable weather makes it difficult for green energy producers to meet scheduled supply, often causing surges or shortfalls that strain the grid's balance

India added record 34.4 Gw solar, wind power capacity in 9 months of 2025

The country's overall renewable energy installed capacity reached 247.3 Gw at the end of September

Waaree Renewable Q2FY26 results: Net profit more than doubles to ₹116 cr

Waaree Renewable Technologies' consolidated net profit in September quarter more than doubled to Rs 116.34 crore on the back of higher revenues. The company had logged a consolidated net profit of Rs 53.51 crore in the quarter ended September 30, 2024, a BSE filing said. According to a company statement, the company recorded its highest-ever quarterly revenue and PAT (net profit), driven by robust execution, strong sectoral tailwinds, and continued expansion into new energy verticals including Battery Energy Storage Systems and data centres. The revenue stood at Rs 774.78 crore as against Rs 524.47 crore in Q2 FY25, delivering a growth of 47.73 per cent. The company's unexecuted order book stands at 3.48 GWp, to be executed over the next 1215 months, while its bidding pipeline remains robust at 27+ GWp, it stated. The board on Friday approved capex budget for setting up 28 MWp IPP solar power plants (14 MWp each) at two locations in Maharashtra. The board also approved capex budg

Govt proposes Electricity Bill 2025 for cost-reflective power pricing

The draft law seeks mandatory cost-reflective tariffs, lower industrial power rates, and relief from cross-subsidies while boosting clean energy investment

Beaten-down stocks Part 9: REC at current levels may reward patience

Analysts remain positive, citing a steady decline in bad loans and an uptick in new loan sanctions as key drivers of future growth

Centre tells renewable energy agencies to cancel rushed solar tenders

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 Energies share price rises 4% today; should you buy, sell or hold?

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.