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Global energy investment to rise to USD 3.3 trillion in 2025: IEA

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Global energy investment is set to reach USD 3.3 trillion in 2025, up 2% from 2024, according to a report from the International Energy Agency (IEA), World Energy Investment 2025. Around USD 2.2 trillion will go to clean energy, double the USD 1.1 trillion set for fossil fuels. China, Europe, the US, and India drove most of the clean energy growth over the past five years. While emissions cuts are a factor, energy security, industrial…

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India’s clean energy rise continues, but investment needs remain high

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India is making rapid progress in expanding clean power, with 83% of power sector investment in 2024 going to renewables and a rising share of non-fossil capacity. However, a June 2025 report from the International Energy Agency (IEA), titled “World Energy Investment 2025,” highlights that current policies still fall short of the funding needed to meet long-term goals. While foreign and domestic investment is growing, key risks—like discom payment delays, land issues, and transmission gaps—continue…

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Juno Joule and Select Energy to build green ammonia plant in Andhra Pradesh

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Juno Joule Green Energy Private Limited has signed a memorandum of understanding (MoU) with Germany’s Select Energy GmbH to co-develop a green hydrogen and ammonia export facility at Mulapeta port in Andhra Pradesh. The total investment for the project is estimated at $1.3 billion. The facility will be developed in three phases. By 2029, it aims to produce 180,000 tonnes of green hydrogen annually. This will be converted into up to one million tonnes of…

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AIIB, ADB, and AIF partner to boost ASEAN infrastructure and power grid

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The Asian Infrastructure Investment Bank (AIIB), Asian Development Bank (ADB), and ASEAN Infrastructure Fund (AIF) have signed a letter of intent to collaborate on ASEAN-related infrastructure projects.  The agreement outlines cooperation on high-impact projects, including the ASEAN Power Grid (APG) and ASEAN Catalytic Green Finance Facility (ACGF). The partnership will focus on project origination, co-financing, technical cooperation, and knowledge sharing. It aims to mobilise joint expertise and financial resources, aligning AIIB and ADB assistance with…

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Coal Ministry signs coal gasification agreements with three firms

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The Ministry of Coal (MoC) has signed coal gasification plant development and production agreements (CGPDPA) with three entities under Category II of the coal gasification financial incentive scheme.  The selected companies are Jindal Steel and Power Limited, New Era Cleantech Solution Private Limited, and Greta Energy and Metal Private Limited. Launched on January 24, 2024, the scheme has a total outlay of Rs 85 billion. It aims to facilitate 100 million tonnes of coal gasification…

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ArcelorMittal starts renewable power supply to Hazira steel plant

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ArcelorMittal has begun delivering clean energy to AMNS India’s Hazira steel facility in Gujarat using its newly operational 1 GW wind-solar hybrid project in Andhra Pradesh. This renewable power now covers more than 20 per cent of the Hazira plant’s energy needs. The shift is projected to cut annual carbon emissions by 1.5 million tonnes. It aligns with AMNS India’s goal to lower its steel carbon intensity by 20 per cent by 2030, compared to…

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Philippines to pilot global model for replacing coal with clean energy

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The Rockefeller Foundation and a group of international partners—ACEN Corporation, Mitsubishi Corporation, Keppel, and GenZero—are launching a pilot project in the Philippines to demonstrate a new model for replacing coal with clean energy.  The project will focus on the early retirement of the South Luzon Thermal Energy Corporation (SLTEC) coal plant, which will be replaced by a mix of solar, wind, and battery storage systems. This initiative is part of the Foundation’s Coal to Clean…

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Amplus Solar rebrands as Gentari

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Amplus Solar has rebranded as Gentari, marking a major step in its clean energy journey in India. This change reflects a unified brand identity and the consolidation of Gentari’s renewable energy business in the country. Gentari, a clean energy solutions company, acquired Amplus Solar in 2023. Amplus Solar had made significant contributions to Gentari’s commercial and industrial (C&I) portfolio.  The integration combines Amplus Solar’s expertise in the C&I segment with Gentari’s broader ambitions in utility-scale…

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India and Denmark renew energy cooperation MoU

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India and Denmark have signed a renewed Memorandum of Understanding (MoU) to strengthen their partnership on clean energy. This move builds on five years of collaboration and supports India’s goal of achieving net-zero emissions by 2070. The original MoU, signed on June 5, 2020, was set to end in 2025. By renewing it early, both countries have ensured that their joint work continues without disruption. The new agreement goes beyond the earlier focus areas. It…

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EESL partners with DVC to drive energy efficiency

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Energy Efficiency Services Limited (EESL) has signed a memorandum of understanding (MoU) with Damodar Valley Corporation (DVC) to enhance energy efficiency and clean energy adoption.  The collaboration aims to implement energy efficiency programs such as the street lights national programme, energy-efficient building solutions, and decentralised solar initiatives, including rooftop solar installations, solar carports, and hybrid thermal solar systems. The partnership will also promote electric mobility with the deployment of electric vehicles and charging infrastructure, along…