Markets & Policy

A new report says India will have only 50 million electric vehicles (EVs) on road by 2030 despite a ramp-up in domestic manufacturing, falling behind by 40% on the cumulative sales projections by NITI Aayog. It also recommends policy measures to improve India’s chances of realizing 80 million EV sales by 2030.

A new report by The Energy and Resources Institute (TERI) examines the challenges before India in achieving its ambitious target of having 500 GW non-fossil fuel capacity and meeting 50% of its energy requirements from renewables by 2030. It also discusses feasible pathways for achieving these.

India’s largest crude oil and natural gas company has signed an agreement with renewables major Greenko to undertake renewable energy, green hydrogen, and green ammonia projects jointly. 

A new report looks at the current status of climate finance for cleantech startups in India. It highlights the opportunities and challenges and presents potential solutions to accelerate climate tech finance in the country.

The Chinese PV module maker has shipped more than 8 GW of solar panels to India since the start of its operations in the market in 2010.

New Jersey-headquartered Triton Electric Vehicle, which plans to make electric cars in India, will also roll out hydrogen-run two-wheeler and three-wheeler EVs from its plant in Gujarat.

The Australian graphite developer and its 50:50 joint venture partner Metachem have acquired a 5-acre site in Pune for their downstream graphite processing plant.

Recycling solar panels keeps them out of landfills, but also provides much-needed raw materials with Rystad Energy projecting a value approaching $80 billion by 2050.

State-run hydropower producer NHPC Ltd is also entering green hydrogen production. To begin with, it will set up pilot green hydrogen projects in Leh and Kargil districts of the Indian union territory of Ladakh.

Hyderabad-headquartered Pennar Industries has appointed ReneSola’s former India head, Pradeep Sangwan, to lead its solar modules business. In his most recent role, Sangwan was the country head for Econess Energy—a China-based PV cells and modules manufacturer.