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Battery storage critical for India’s shift from coal, renewable capacity lags behind

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India’s transition to renewable energy is encountering significant obstacles, according to a new report by Zero Carbon Analytics, as the country strives to meet its ambitious target of 500 GW of non-fossil fuel capacity by the early 2030s. Although renewable energy investment reached USD 12.4 billion in 2023, it is far from the USD 200 billion needed to achieve this goal. To stay on track, India needs to add 300 GW of new renewable capacity…

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Hero Future Energies wins 120 MW in SJVN’s FDRE-2 tender

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Hero Future Energies Limited (HFE) has secured 120 MW of capacity in the SJVN Limited firm and dispatchable renewable energy (FDRE)-2 tender, with a tariff of Rs 4.25 per kWh.  This is HFE’s seventh FDRE bid win in the last 18 months, reinforcing the company’s commitment to advancing India’s energy transition by providing affordable and reliable green power.