Russian Urals Discounts in India Triple Since August as US Sanctions Hit
Discounts for Russian flagship Urals crude in Indian ports have tripled since August against dated Brent as U.S. sanctions drive key buyers away from Moscow-supplied oil, three sources…
Inox Green, India loses grid access to 300 MW of wind power project after regulators back revocation
Inox Green Energy Services, an Indian developer of clean energy, has lost grid connectivity after it failed to complete its 300 megawatts (MW) Gujarat wind project on time. In an order dated on Monday…
Solex Energy, an Indian company, will invest $1.5 billion in solar manufacturing and is looking to export the product to the US
Solex Energy, an Indian manufacturer of solar modules, will invest $1.5billion over the next five-years to expand its manufacturing and exports to the United States. A top executive said this on Wednesday.
Havells led funding round secures $171 Million for India's Goldi Solar
Goldi Solar, India's largest manufacturer of solar modules, announced on Wednesday that it had raised $142,1,000,000 ($171,000,000) in growth capital, led by the electrical equipment giant Havells India.
Draft bill shows India plans to open the retail electricity sector to private companies nationwide
A draft bill from the federal ministry of power showed that India intends to open its retail electricity market nationwide for private companies, ending the dominant role of state-run distribution in the majority states.
India launches its first national policy on geothermal power
India launched Monday its first national policy for geothermal power, joining the growing list of countries that are relying on underground heat to drive their clean energy transitions.
Indian clean energy developers are urged to align their growth with demand
A power ministry advisor warned on Friday that India's renewable energy developers need to align their growth plans with realistic projections of demand in order to avoid infrastructure investments becoming unprofitable.
Nayara Energy Relies on Dark Fleet to Transport Fuels
Indian refiner Nayara Energy, backed by Russia and under European Union sanctions, is relying on a dark fleet to import oil and transport refined fuels, according to shipping reports and LSEG flows.Nayara…
India's Inox Clean Energy files IPO via confidential route
A newspaper advertisement revealed that India's Inox clean energy filed IPO draft documents with the country’s markets regulator on Friday via the confidential route. Mint, citing PTI news agency…
Adani Green, India's clean energy company, aims to add 5 GW in clean energy by FY26 with $3.6 billion capex
Ashish Khanna, CEO of India's Adani Green Energy, said that the company plans to invest 310 billion rupees (about $3.64 billion) to add five gigawatts in clean energy during the current fiscal period.
India auctions three coal bed methane block
Pallavi Govil, the Directorate General of Hydrocarbons' upstream regulator, announced Tuesday that India had launched an auction of three blocks of coal bed methane and 55 small discovered areas for exploration and production.
Waaree, a manufacturer of Indian solar modules, is confident in US demand despite Trump's policy concerns. CEO Waaree
Amit Paithankar, CEO of Waaree Energies, said that the company is confident about U.S. demand, and it is well-positioned to handle possible import tariffs under Donald Trump thanks to its Texas operations.
India will mandate the use of solar cells made locally in all clean energy projects by June 2026
From June 2026, Indian clean energy companies will have to use solar photovoltaic modules made from local cells by a list of approved companies. This is a measure to reduce imports from China, the top supplier.
Sources say that India's HPCL will start a LNG terminal by the end of the year and seeks a long-term supply.
Three sources claim that India's Hindustan Petroleum Corp. (HPCL) has been in discussions with eight to nine companies about a long-term LNG supply. HPCL built the sixth LNG import terminal in India at Chhara…
Hindalco, a subsidiary of India's Hindalco, plans to manufacture solar modules.
Hindalco Industries, a company based in India, plans to manufacture solar modules and establish a factory in Gujarat's western state. Two people with knowledge of the matter confirmed this on Tuesday.
Hero Future Energies, a company in India, plans to invest $20 billion over six years in renewable energy.
Rahul Munjal, Chairman of Hero Group's Power Production Unit, said at an industry event Tuesday that the unit will invest $20 billion in six years to increase its production capacity by 16 times.
India receives $386 billion to expand renewable energy by 2030
Pralhad Joshi, the minister for renewable energy, said that India has received 386 billion dollars in commitments from financial institutions and banks to expand its renewables capability by 2030.
Adani Power wins 25-year power supply contract with Maharashtra after winning joint bid
Adani Power, Adani Green Energy and Adani Energy won a bid for a combined supply of 6,600 MW renewable and thermal energy to Maharashtra State over a 25-year period. Adani Green Energy’s wind-solar power plant in Jaisalmer…
Rains hit India and Pakistan, evacuating thousands
Authorities warned of further heavy rains on Thursday after heavy rains flooded parts of India's western Gujarat state, forcing thousands of people to flee their homes and causing utility lines to be cut.
Prime Minister Modi: India to Double Refining Capacity in 5 Years
India plans to nearly double its oil refining capacity in the next five years, Prime Minister Narendra Modi said on Saturday, offering a much more aggressive timeline than previously despite…