ELECTRIC VEHICLES RENEWABLE ENERGY
EV infrastructure startup Kazam raises $6.2 million in round led by International Finance Corporation
Kazam, an electric mobility infrastructure startup, secured $6.2 million in funding led by the International Finance Corporation (IFC) to expand its EV charging and battery swapping solutions. The company's platform has facilitated over five million charging sessions and onboarded 68,000 chargers. Kazam aims to further its reach in domestic and international markets, targeting $12 million in revenue this fiscal year.
Adani commissions India's first off-grid 5 MW green hydrogen plant in Gujarat
Adani New Industries Ltd. has commissioned India's first off-grid 5 MW Green Hydrogen Pilot Plant in Kutch, Gujarat. Powered by solar energy and a Battery Energy Storage System, the plant operates independently, marking a breakthrough in decentralized hydrogen production. This project demonstrates the feasibility of renewable hydrogen production at scale, aligning with India's green energy goals.
Forget AI. Keeping cool is the bigger power sector problem: Maguire
Global electricity demand is surging due to rising use of air conditioners and data centres, straining already fragile power grids. While cooling needs grow rapidly in developing nations, risking lives during heatwaves, developed countries face increased AI-related demand. Fossil fuel use may rise short-term, worsening climate impacts.
Assam Cabinet clears 900 MW pumped storage project for Hinduja Renewables
The Assam cabinet has approved a 900 MW pumped storage project by Hinduja Renewables with a ₹5400 crore investment, aiming for 2 GW PSP capacity by 2030. Additionally, a ₹3000 crore Assam Industrial and Green Growth Fund was established to boost renewable energy and other sectors.
Assam far from 13,428 MW rooftop solar energy generation potential, working to bridge gap: Officials
Assam aims to significantly boost rooftop solar power generation, targeting 1,900 MW by 2030 under its Integrated Clean Energy Policy, despite currently producing only 60 MW against a potential of 13,428 MW.
Nearly half of India's power generation capacity non-fossil
India's power sector shows significant growth. Non-fossil fuels contribute nearly half of the total power capacity. Renewable energy sources like solar and wind are expanding. Thermal power, mainly coal, remains a major source. Power shortages have decreased. Electricity consumption has increased. India aims for 500 GW of renewable energy by 2030. The nation balances energy needs with sustainability goals.
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CNG poised for significant growth as India focuses on energy transition: Crisil
Crisil Intelligence's report says that India's city gas distribution sector, particularly CNG, is set for substantial expansion driven by government initiatives and rising urban mobility needs. Infrastructure development and increasing demand for cleaner mobility position CNG as a sustainable alternative.
Europe's lithium quest hampered by China and lack of cash
To succeed, Europe needs to strengthen ties with lithium-rich nations and foster local electric vehicle markets.
ACME Solar inks pact to supply 250 MW electricity from RE project in Rajasthan
ACME Solar Holdings has secured a 25-year power purchase agreement with NHPC to supply 250 MW of renewable energy from a project in Rajasthan at Rs 4.56 per kWh. This Firm and Dispatchable Renewable Energy project, combining solar, wind, and battery storage, aims to meet peak power demands and bolster India's clean energy goals.
Chinese EV maker Hozon enters bankruptcy proceedings, state media reports
Zhejiang Hozon New Energy Automobile, owner of Chinese EV brand Neta, has officially entered bankruptcy proceedings, according to state broadcaster CCTV. Several Neta stores in Shanghai have closed, following a creditor’s bankruptcy petition filed last month on a national disclosure platform.
India emerging as major science and tech force, says UK minister at London innovation forum
Britain aims to strengthen science and technology ties with India. Lord Patrick Vallance emphasized collaboration and talent mobility. The UK's upcoming Industrial Strategy will guide this partnership. Piyush Goyal highlighted the Free Trade Agreement's benefits. Lord Ara Darzi praised India's health solutions. Indian start-ups showcased innovations, with Zypp Electric winning the Clean Tech Award.
World Economic Forum report praises India's efforts in shaping global energy transition
India, ranked among the world's largest economies, significantly influences the global energy transition through its rapid growth and rising energy demand. The nation has made substantial progress in expanding energy access, improving regulations, and investing in renewable technologies.
Gentari plans to offload up to 50% stake in India arm
Gentari, Petronas' renewable energy arm, plans to sell a stake in its Indian unit. This could be a major green energy deal. Standard Chartered is advising on the sale. NTPC Green Energy and others are potential buyers. Gentari's CEO will visit India to discuss the sale. The company has a large portfolio of renewable energy projects in India.
Rare earths set to get up to Rs 5,000 crore incentive scheme
India is set to approve a ₹3,500-5,000 crore scheme to incentivise domestic production of rare earth minerals and magnets, aiming to reduce reliance on Chinese imports. This decision follows concerns raised by industries like automotive and renewable energy, which heavily depend on these critical materials.
India records highest growth in power generation after US & China in last five years: IEA
India shows significant growth in power generation. It ranks third globally in capacity growth over five years. Demand rises due to commercial expansion and appliance use. Renewable energy investments drive expansion. Solar projects receive major funding. Foreign investment increases in the power sector. Government policies support this growth. India is a major recipient of clean energy funding.
Still riding petrol? Electric two-wheelers cost you just Rs 1.48/km, study says
India's transportation landscape is undergoing a silent revolution with electric two-wheelers poised to dominate. By 2050, nearly 70% of vehicles will be two-wheelers, with electric models offering a lower total cost of ownership at ₹1.48 per kilometre compared to petrol vehicles at ₹2.46.
Energy transition: How coal mines could go solar
Disused coal mines could be refashioned to place vast fields of solar panels, a new report suggests, providing an unlikely solution to a common obstacle to uptake of the green energy source. Coal mine-to-solar conversions are already happening in some countries, most notably China, which leads the world in solar uptake.
For long-term investors: Time to ‘switch on’ again; 7 power stocks from different segments with upside potential of over 39%
When a sector sees a strong re-rating in a short span of time, it sometimes raises doubts about whether the stocks moved too fast. These fears come to the fore especially when the market has just gone through a phase of correction. At the same time, there are sectors that, after going through a deep phase of trouble, take some time to make a comeback. But when the comeback happens, it is much stronger. This might be the case for players in the power sector – a sector that is seeing both a comeback and a transition.
Rare Earths supply: India steps up mining, refining to safeguard EV future
The Centre is working to secure the supply chain for rare-earth materials, essential for electronics and electric vehicles, by holding inter-ministerial meetings to review local availability. These efforts aim to mitigate the impact of potential supply disruptions from China, particularly concerning permanent magnets derived from rare earth elements.
Ferrari delays second EV model as demand slows
Ferrari has postponed its second electric vehicle. The original plan was to release it in 2026. Now, it is expected no sooner than 2028. This delay is due to low demand for high-performance luxury EVs. Ferrari will unveil its first EV in stages, starting October. Customer deliveries are expected in October 2026.
India proposes virtual power agreements to boost renewable energy trading in power markets
India's power market regulator on Tuesday proposed amending its electricity trading rules to introduce Virtual Power Purchase Agreement (VPPA), a new financial instrument aimed at helping consumers meet renewable energy obligations and trade power.
MCX shares hit record high on report of electricity derivatives launch this year
Share price of Multi Commodity Exchange of India (MCX) surged to a record high following reports that the exchange is set to launch electricity derivatives, a move already approved by SEBI. These contracts aim to help market participants better manage power price volatility and are expected to bridge the gap between the physical and financial power markets.
MCX said to launch electricity futures this year
Multi Commodity Exchange of India Ltd. (MCX) is set to launch electricity futures later this year, having received approval from the Securities and Exchange Board of India (SEBI) in June. This move aims to cater to the increasing demand for managing electricity price fluctuations, particularly with the rise of intermittent renewable energy sources. The National Stock Exchange of India Ltd.
Elements by Oberoi: The Oberoi Group plans to go greener by 2030
The Oberoi Group introduces Elements by Oberoi, its environmental and social responsibility framework, aiming for ambitious sustainability goals by 2030. These goals include recycling all wastewater, reducing freshwater consumption, sourcing renewable energy, and transitioning to electric vehicles. The initiative reflects a long-standing commitment to responsible growth and integrating sustainability into the guest experience and community engagement.
Karnataka placed first in country for highest wind power capacity
Karnataka secured the top position in India for wind power capacity addition. The state added 1,331.48 MW in the financial year 2024-25. Energy Minister K J George received the award from Union Minister Pralhad Joshi. Tamil Nadu and Gujarat followed in second and third place respectively. Karnataka's total installed wind power capacity now stands at 7,351 MW.
NCLT directs insolvency against Gensol, Gensol EV Lease; appoints IRP
The National Company Law Tribunal has initiated insolvency proceedings against Gensol Engineering and Gensol EV Lease following petitions from the Indian Renewable Energy Development Agency due to defaults of ₹510 crore and ₹218.95 crore, respectively. An interim resolution professional has been appointed to manage the affairs of both companies, whose boards have been suspended.
German utility RWE and tech giant Amazon announce partnership
German utility RWE and Amazon have formed a strategic partnership, exchanging clean energy from RWE’s wind and solar projects for Amazon’s AI and cloud services. The deal supports Amazon’s green energy goals and RWE’s digital transformation, with plans to expand collaboration in renewables, data centers, and energy-focused AI development.
India extends transmission charge waiver for energy storage projects until June 2028
India has extended inter-state transmission charge waivers for electricity storage projects until June 2028 to boost clean energy adoption. This move supports the country's ambitious target of 500 GW of clean energy capacity by 2030, addressing the intermittency of renewable sources. Additionally, a 54 billion rupees scheme has been approved to support battery energy storage systems.
Hyundai shares soar 7% to surpass IPO price, hit new all-time high amid high volumes
The surge in Hyundai Motor India could be attributed to multiple factors, including RBI’s repo rate cut, boosting auto demand, the company's gains in India’s electric vehicle market, and its investment in renewable energy. Hyundai's EV strategy and macroeconomic tailwinds are seen as key growth drivers.
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