Asia

The world is projected to retire over 11 million tonnes of lithium-ion batteries each year by 2030. India may contribute nearly 2 million tonnes by 2030, not only due to electric vehicles, but also because of an exponential level of consumption of consumer electronics and stationary storage.

ACME Group and Vietnam’s Stavian Industrial Metal have executed a binding term sheet for long-term sale and purchase of 0.8 MTPA of green HBI (Hot Briquetted Iron) and DRI (Direct Reduced Iron)—two critical raw materials used in steelmaking—for a period of ten years.

Despite a nearly fourfold increase in applications between March 2024 and July 2025, only 13.1% of the target of one crore (10 million) residential rooftop solar installations had been achieved, and just 14.1% of the allocated INR 65,700 crore ($7.5 billion) in subsidies released under the PM Surya Ghar: Muft Bijli Yojana as of July 2025. Given this context, achieving the FY2027 target of 30 GW capacity remains a considerable challenge, according to a new report by IEEFA and JMK Research.

India added 29.5 GW of solar capacity in the first nine months of 2025, including about 22.5 GW from utility-scale, 5.8 GW rooftop, and 1166 MW offgrid installations.

Hinduja Renewables Energy Pvt Ltd (HREPL), part of Hinduja Group, has appointed Deepak Thakur as managing director and chief executive officer, effective from October 1, 2025.

Kosol Energie, led by chairman & managing director, Kalpesh Kalathia, has committed an investment of INR 52,000 crore for solar manufacturing expansion and setting up R&D facilities and integrated renewable energy parks in the Indian state of Gujarat.

ENGIE has launched a program to collaborate with enterprise-ready startups in addressing operational and technological challenges across India’s renewable energy sector.

NTPC Vidyut Vyapar Nigam Ltd (NVVN), appointed as the authorised representative by Kerala State Electricity Board Ltd (KSEBL), has invited bids for the development of 500 MWh (250 MW x 2 hours) of standalone battery energy storage systems (BESS) in Kerala for on-demand usage by KSEBL.

Advait Greenergy has signed a Memorandum of Understanding (MoU) with the Government of Gujarat to invest INR 1,400 crore across electrolyser and fuel cell manufacturing, emergency restoration system (ERS), and engineering, procurement & construction (EPC) projects.

SJVN’s tender for an assured peak supply of 6 GWh (1.5 GW x 4 hours) from 1.5 GW of renewable energy projects backed by energy storage systems has discovered a tariff of INR 6.74/kWh. Reliance NU Energies secured the largest share.