Finance minister Nirmala Sitharaman has submitted Union Budget 2025-26, which proposes customs duty exemption for waste and scrap of lithium-ion batteries and critical minerals.
Regulatory and fiscal incentives to set up specialized labs in collaboration with leading international and domestic research institutions, reduction of Goods and Services Tax (GST) on turbines and solar modules, and ISTS charges waiver extension are on the budget wishlist of the renewable energy industry in India.
Avaada Group has collaborated with Switzerland-headquartered ammonia technology specialist Casale to develop a 1,500 tons per day (tpd) green ammonia plant in Gopalpur, Odisha.
Central Government’s Pradhan Mantri Kisan Urja Suraksha Evam Utthaan Mahabhiyan (PM-KUSUM) scheme holds transformative potential for both India’s agricultural and energy sectors. Decisive financial boosts in the 2025 budgets will harness the growing winds of interest and pave the way for widespread adoption.
Waaree Energies has reported a total income of INR 35,452.65 million and net profit (profit after tax) of INR 5,068.76 million for the third quarter of FY 2025.
Jupiter International will invest INR 2,005 crore into setting up a facility with an annual production capacity of 4.2 GW for solar cells and 3.6 GW for modules.
NTPC Ltd has launched the tender for selection of solar power generators to set up 1.2 GW of solar PV power projects with 600 MW/2,400 MWh of energy storage systems anywhere in India.
Blueleaf Energy and Jakson target to jointly develop over 5 GW of renewable energy projects in India. The first project under the partnership is a 1 GW solar portfolio in Rajasthan, which benefits from 25-year power purchase agreements secured with the Solar Energy Corp. of India, NHPC, and Rajasthan Urja Vikas Nigam Ltd.
The PM Surya Ghar: Muft Bijli Yojana, the world’s largest domestic rooftop solar initiative, aims at powering 10 million households with solar power by March 2027.
NTPC Ltd, in partnership with Triveni Turbine and Italy’s CO2 battery technology company Energy Dome, will set up a 160 MWh CO2 battery project at its Kudgi super thermal power station in Karnataka.
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