Regulatory reforms needed to accelerate clean energy adoption, says Primus Partners’ new report
A new report by Primus Partners highlights key regulatory reforms required to accelerate clean energy adoption, stabilize distribution companies (discoms) and boost investor confidence in India’s power sector.
India needs $300 billion to meet 2032 renewable energy target
Achieving the National Electricity Plan (NEP-14) targets would require annual financing for renewable energy, storage and transmission to grow by 20% each year, reaching $68 billion by 2032 from $13.3 billion in FY 2024, says a new report from Ember.
“Electrical, electronics manufacturing will be key in scaling clean energy”: Power minister
Manohar Lal Khattar, union minister for power, highlighted the electrical and electronics manufacturing industry will be key in scaling clean energy, advancing grid modernization, and strengthening transmission networks as India aims to achieve 800 GW of power generation capacity by 2030, with 50% from renewables.
Advait Energy Transitions receives corporate affairs ministry’s approval to set up transmission tools company
Advait Transmission Tools will focus on the business of assembly, manufacturing and trading of stringing tools for power transmission line business.
Volks Energie to help Power Grid switch to Ni-Cd batteries for energy storage
Volks Energie has secured a project from Power Grid Corp. of India Ltd (PGCIL) to deploy Nickel-Cadmium (Ni-Cd) batteries for energy storage.
Large batteries with grid-forming inverters can increase renewables hosting capacity
Researchers recommended that transmission system operators consider adopting grid-forming battery energy storage systems system-wide to improve grid stability and to maximize system hosting capacity for solar and wind generation.
Torrent Power Q3 profit 30% up YoY
Torrent Power has reported revenue from operations of Rs 6,499 crore and net profit of INR 489 crore in Q3 FY 2025.
Solarium Green Energy IPO opens this week
The price band is fixed at INR 181 – 191 per share and the lot size is 600 equity shares.
Union Budget 2025-26: India focuses on waste-to-wealth to secure lithium battery supply chain
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.
Budget 2025 expectations of the Indian renewable energy industry
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.
