India

The Economic Survey 2024 reveals significant strides in India’s green transition, aiming for 500 GW of renewable energy capacity by 2030. As of March 31, 2024, India’s renewable energy installed capacity has reached 190.57 GW, 43.12 per cent of the nation’s total power generation capacity. The survey highlights advancements in India’s power transmission infrastructure, which now supports the transfer of 118,740 MW across a network of 485,544 ckm with a transformation capacity of 1,251,080 MVA….

The Ministry of Science and Technology announced the discovery of 1,600 tonnes lithium reserves in Karnataka’s Mandya and Yadgiri districts. The Atomic Minerals Directorate for Exploration and Research (AMD) located these resources in the Marlagalla area of Mandya through initial surveys and subsurface exploration. AMD is exploring other potential lithium sources in India, including Korba district in Chhattisgarh, mica belts in Rajasthan, Bihar, and Andhra Pradesh, and pegmatite belts in Odisha, Chhattisgarh, and Karnataka. Lithium,…

Indian Railways (IR) plans to deploy 50 hydrogen trains by 2047, and the first of these is expected to start operations this year. This initiative aligns with broader goals to enhance energy efficiency within the railways sector. Additionally, India’s first Bullet train is projected to commence by 2027. IR is focusing on reducing its carbon footprint. Rail transport is more energy-efficient compared to road transport, being 40 per cent more efficient and resulting in an…

The Ministry of New and Renewable Energy (MNRE) has announced that India has about 151 GW of renewable energy projects in various stages of implementation. Around 76.42 GW of this capacity will become operational in the next three to four years. The tendering process for the 76.42 GW capacity projects has been completed. Since 2014, India’s renewable energy capacity has grown from 76 GW to over 195 GW as of June 2024.

Directorate General of Trade Remedies (DGTR), investigative arm of the Ministry of Commerce and Industry, has recommended imposing an anti-dumping duty on aluminium frames for solar panels imported from China. The aluminium frames were exported to India below the normal value, resulting in dumping.  The proposed duty, which could reach up to USD 577 per tonne, is intended to protect the domestic industry from the adverse effects of cheaper imports being sold at unfairly low…

The 2024 Union Budget of India introduced significant measures to boost the energy sector, emphasising renewable energy adoption, energy transition, and infrastructure enhancement. Here are the key highlights: PM Surya Ghar Muft Bijli Yojana: 10 million households will receive up to 300 units of free electricity monthly, supported by subsidies and concessional loans, with a National Online Portal for streamlined applications. Renewable Energy Funding: The Ministry of New and Renewable Energy (MNRE) has been allocated…