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India's energy storage requirement set to jump from 1 GWh to 888 GWh by 2035-36: Report
India’s vision for 2035-36 includes a staggering demand of 888 GWh for energy storage, significantly up from today’s capacity. This development is critical not only for maintaining grid reliability but also for the seamless integration of renewable energies. In a mere six months, installed energy storage capabilities grew elevenfold, and the momentum continues with more tenders anticipated.
OMCs, gas utilities remain top picks despite fresh oil price volatility: ICICI Securities
Probal Sen, Senior Research Analyst-Indian Oil & Gas Sector, Indian Agrichem Sector, Institutional Equities at ICICI Securities discusses India's energy outlook, LPG supply risks, ONGC and Oil India, while Trading.com's Peter McGuire shares his view on crude prices amid escalating West Asia tensions.
Weak monsoon dries up India's hydropower as dam output records sharpest fall in over two years
India's hydropower generation significantly dropped in June due to a delayed monsoon. Shrinking reservoir levels limited water availability for electricity production. Coal, nuclear, and renewable energy plants increased output to meet demand. Recent rains have improved monsoon progress, potentially reviving hydropower generation. Electricity demand has also softened after the summer heatwave subsided.
Maruti Suzuki commissions 1 MWh battery energy storage system at Kharkhoda plant
Maruti Suzuki commissioned a 1 MWh Battery Energy Storage System at its Kharkhoda plant. This system integrates into the plant's internal electricity distribution network as a pilot project. The battery storage will store excess solar power generated during low-demand periods. This initiative helps improve renewable energy utilization and reduce carbon emissions annually. The company remains committed to lowering emissions despite increasing production volumes.
IndiGo, HPCL, other oil sensitive stocks plunge up to 5% as US strikes on Iran lift crude prices
Oil-sensitive Indian stocks tumbled significantly after US airstrikes on Iran. Crude oil prices climbed as sanctions on Iranian sales were reinstated. These events reignited concerns over Middle East stability and potential supply disruptions. Shipping through the Strait of Hormuz remains vulnerable, impacting global energy supply routes. Analysts expect oil inventories to stay under pressure until Gulf supplies resume.
Include infra loans in priority sector in absence of vibrant bond market: SBI economists
Economists propose reviewing priority sector lending guidelines for banks. They note banks struggle to meet targets without certificate purchases. Infrastructure loans should gain priority sector status for national development. Housing and education loan limits also need upward revision. Renewable energy project loan limits should be significantly increased.
Tata Power targets ₹1 lakh crore revenue and ₹10,000 crore profit by 2030
Chairman N. Chandrasekaran said Tata Power is accelerating investments across renewable energy and power infrastructure as it targets ₹10,000 crore in annual profit and ₹1 lakh crore in revenue by 2030.
Rashtriya Chemicals and Fertilizers shares jump as board approves ₹1,500 crore FPO
The government-owned fertiliser company plans to raise up to ₹1,500 crore by selling more shares to investors and wants to expand into businesses such as renewable energy, water treatment and agrochemicals.
Serentica Renewables inks pact with SECI to supply power from 600 MW FDRE project
Serentica Renewables proudly announces its new power purchase agreement with SECI, dedicated to a groundbreaking 600 MW Firm and Dispatchable Renewable Energy project. Notably, it achieved the largest allocation in the competitive SECI auction. This innovative project ensures electricity provision during non-solar hours, effectively addressing peak demand while significantly cutting down annual carbon emissions, contributing positively to the environment.
Clean Max Enviro Energy Solutions commissions 530 MW renewable energy capacity in Q1 FY27
Total operational renewable energy portfolio now stands at 4.2 GW
Founder Of Brookfield-Backed Avaada Seeks $750 Million Loan
Avaada Group, which includes Avaada Energy, is one of India's fastest-growing renewable energy developers with a portfolio spanning solar, wind and hybrid power projects.
ET Graphics: Crude oil retreats, but India's fuel bills stay up
China has reduced fuel prices, mirroring pre-war levels as crude oil costs decline. Indian private retailer Nayara Energy also cut its fuel rates recently. State-run firms have not yet followed suit after substantial first-quarter losses. These companies incurred nearly seventy-five thousand crore rupees in losses. This situation arose due to delayed fuel price adjustments by the government.