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Explainer: Nepal transforms from electricity importer to exporter of India

India, News

Nepal, once plagued by frequent blackouts, has transformed into a significant electricity exporter to India. The country is set to supply an additional 251 megawatts (MW) of power to India, mainly through Bihar, due to a medium-term sales agreement involving 12 hydropower projects. This will increase Nepal’s total power exports to India to 941 MW, enough to power nearly 190,000 homes for an entire year. This transformation was set in motion by the Power Trading…

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India’s power demand to grow by 15 GW annually

India, News

India’s power demand is set to increase at a rate of 15 GW per year over the next six years, up from 11 GW per year over the past decade, according to Srikant Nagulapalli, Additional Secretary for Power. Speaking at an Industry Conclave organized by IEEMA, Nagulapalli highlighted that by 2030, an additional 85 GW of demand will be added during solar hours, with more than 90 GW added to peak demand during non-solar hours….

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CenterPoint Energy’s Indiana utility seeks proposals for diverse energy generation by 2028

Global, News

CenterPoint Energy’s Indiana-based electric utility has issued an All-Source Request for Proposals (RFP) for generation capacity to be operational by March 2028. The RFP invites proposals for utility-scale solar, wind, and storage projects (either standalone or paired), as well as thermal generation, load-modifying resources, demand-side resources, and other innovative solutions. Shane Bradford, CenterPoint’s Vice President for Indiana Electric, emphasized that the RFP will help the company explore a wide range of technologies for its long-term…

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South Africa seeks to strengthen energy trade ties with India, launches India-SA Chamber of Commerce

India, News

South Africa’s Trade, Industry, and Competition Minister, Parks Tau, highlighted the country’s commitment to enhancing bilateral trade with India, particularly in the energy sector. Speaking at the launch of the India-SA Chamber of Commerce (ISACC), Tau emphasized the growth in trade between the two nations, which has increased from USD 8 billion to USD 13 billion over the past five years, with coal being a significant export to India. Tau stressed the need to diversify…

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Just Climate to invest Rs 12.56 billion in Continuum Green Energy for wind-solar hybrid projects in India

India, News

Continuum Green Energy, a leading renewable energy group in India focused on commercial and industrial consumers, has entered into a definitive agreement with Just Climate, a specialist investment firm. Just Climate will invest Rs 12.56 billion (approximately USD 150 million) in new equity to support Continuum’s deployment of wind-solar hybrid energy generation and storage projects across India. This investment is part of Just Climate’s Climate Asset Fund I, which targets industrial climate solutions in the…

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India’s renewable energy storage capacity set to surge to 6 GW by 2028: Crisil

India, News

India’s renewable energy storage capacity is projected to increase to 6 GW by fiscal 2028, up from less than 1 GW operational as of March 2024, according to a statement by Crisil Ratings on August 14.   The Indian government is focusing on developing infrastructure through standalone storage systems, such as pumped hydro or battery storage, as well as storage-linked projects that combine renewable energy (RE) generation with storage. In the past two fiscal years, auctions…

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Share of thermal power in India’s energy mix to decline by FY26 as renewables rise

India, News

The share of thermal power in India’s overall power generation is projected to decline to 67% by the fiscal year 2025-26, down from 73% in FY24, according to Crisil Ratings. While thermal power has met growing electricity demand over the past five years, the upcoming surge in renewable capacity—over 50 gigawatts (GW) by FY26—will outpace thermal power generation growth. This marks the first time incremental RE generation growth, at 20%, will surpass overall power demand…

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India’s renewable energy capacity grows 165% in a decade, reaching 203 GW

India, News

India’s installed renewable energy capacity has surged by 165% over the past ten years, increasing from 76 GW in 2014 to 203 GW in 2024, according to New and Renewable Energy Minister Pralhad Joshi. Addressing the Rajya Sabha, Joshi highlighted India’s position as the fourth-largest globally in renewable energy capacity and noted an investment of approximately Rs 7 trillion in renewable projects during this period. The Union Budget 2024-25 allocated over Rs 210 billion to…

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Commonwealth SG urges India to lead in sustainable development

India, News

India is not historically responsible for the climate crisis but should avoid the polluting practices of the West from the 19th century during its development, says Commonwealth Secretary General Patricia Scotland. In an interview with PTI, Scotland emphasized that India has the opportunity to lead a just and equitable energy transition by sharing expertise and technology within the 56-nation Commonwealth, which represents 2.7 billion people. Scotland highlighted India’s unique position, noting that while the country…

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CEA recommends addition of 80 GW of coal-based capacity by 2031-32

India, News

The Central Electricity Authority (CEA) has recommended a coal and lignite-based installed capacity of 283 GW, up from the current 217.5 GW. Consequently, the Ministry of Power (MoP) is planning to establish an additional minimum of 80 GW of coal-based capacity by 2031-32. This expansion is expected to entail an expenditure of at least Rs. 6,672 billion by 2031-32. According to Intended Nationally Determined Contributions (INDCs), the country is committed to achieving approximately 50 per…