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….
The Andhra Pradesh government will soon unveil an ‘Integrated Renewable Energy Policy,’ following Brookfield’s announcement to invest over Rs 500 billion in the state over the next three to five years. The policy will cover solar, wind, hybrid energy, energy storage, green hydrogen, biofuels, and electric vehicle charging infrastructure. Brookfield’s joint venture with Axis Energy, Evren, plans to install a total of 8,873 MW of solar and wind capacity in Andhra Pradesh. State Minister Nara…
Commerce and Industry Minister Piyush Goyal highlighted the vast potential for economic cooperation between India and Africa, proposing to double two-way trade to USD 200 billion in the next seven years. Speaking at CII’s India-Africa business conclave, Goyal identified key sectors for collaboration, including agriculture, pharmaceuticals, mining, tourism, auto, critical minerals, and renewable energy. Goyal emphasized the need to engage more African countries in India’s duty-free tariff preference (DFTP) scheme, noting that currently, only a…
Servotech Power Systems Ltd., an EV charger manufacturer, has won a contract from Kerala’s Agency for New and Renewable Energy Research and Technology (ANERT) to build 12 electric vehicle (EV) charging stations. The contract involves supplying, commissioning, and constructing 30kW fast DC EV charging stations at various locations within the Kerala Motor Vehicle Department. The project will be completed in two phases: the first phase will see the installation of 4 charging stations, followed by…
Delhi Environment Minister Gopal Rai unveiled a draft of a new environmental policy, aiming to combat the effects of climate change through various initiatives. The plan includes creating an “environment health cell” to tackle diseases linked to climate change, expanding solar power generation, and developing waste-to-energy plants. The draft action plan, which will be submitted to the Centre in the next two weeks, highlights a vulnerability assessment showing high vulnerability in Northeast, East, and South…
Brookfield, a global real assets firm, has proposed an investment of over Rs 500 billion in Andhra Pradesh over the next three to five years, focusing on renewable energy projects, particularly in wind and solar power. Evren, a clean energy platform promoted by Brookfield and Axis Energy, committed to the investment during the meeting. The company plans to install 1,380 MW of solar power and 1,640 MW of wind power by 2026, with additional capacities…
Green hydrogen has emerged as a promising solution for achieving deep decarbonization across various industries. Despite its potential, the market for green hydrogen remains relatively underdeveloped, with only a handful of buyers actively committing to its use. This hesitancy can be traced back to several interconnected challenges, including high production costs, inadequate infrastructure, and uncertain regulatory environments. Here’s a detailed analysis of these barriers and their impact on the green hydrogen market. The High Cost…
New modeling from BloombergNEF (BNEF) reveals that Australia needs to rapidly decarbonize its power sector to meet its 2050 net-zero goal, requiring an investment of AUD 3.56 trillion ($2.4 trillion) by 2030 and a 135% increase in renewable energy capacity to over 126 GW. BNEF’s New Energy Outlook report emphasizes the urgent need to transform Australia’s energy mix, phasing out all unabated coal and nearly all unabated gas generation by 2035. The country will need…
The Australian Energy Market Commission (AEMC) has introduced new rules designed to help households and businesses better utilize and capture value from their consumer energy resources (CER), such as solar panels, batteries, and electric vehicles (EVs). These changes aim to give consumers greater control over their energy use while supporting the integration of CER into the national energy system. The new rules allow large customers to engage multiple energy service providers more easily and manage…
Natron Energy has announced plans to build the first sodium-ion battery gigafactory in North Carolina, marking a $1.4 billion investment. The facility will be located on a 437-acre site at the Kingsboro megasite in Edgecombe County and will span approximately 1.2 million square feet. The gigafactory is set to produce 24 gigawatts (GW) of sodium-ion batteries annually, significantly expanding Natron Energy’s current production capacity by 40 times. The batteries, noted for being the only UL-listed…
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