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Indian green hydrogen developers are seeking offtake contracts in Japan and South Korea to drive investments in green hydrogen and green ammonia projects, as the domestic market is still emerging. Securing these contracts is crucial for decarbonizing heavy industries and establishing India as a key player in the global renewable energy market.
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Kerala has been awarded Rs 34.84 crore in funding for its Green Hydrogen pilot project in the transport sector. The project, with a total cost of Rs 40 crore is supported by the Ministry of New and Renewable Energy (MNRE) and aims to demonstrate the feasibility of Hydrogen technology by deploying Hydrogen powered vehicles and establishing refueling stations in the state. Premium Content Access
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The Government of Maharashtra has launched a bidding process for a transmission project to evacuate 7 GW of Solar Power from Dharashiv and Beed districts. PFC Consulting Limited is the Bid Process Coordinator. The project includes a 400 kV Substation at Washi and multiple Transmission Lines to connect Renewable Energy zones with key load centers.
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Uttar Pradesh is leading India's electric vehicle (EV) revolution with over four lakh EVs, surpassing Delhi and Maharashtra. The state's 2022 EV policy targets ₹30,000 crore investment and 10 lakh jobs, aiming to make UP a global EV hub. E-rickshaws drive 85% of sales. Benefiting from Fame schemes, UP approved 300+ new charging stations, especially in Ayodhya.
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Gujarat leads India with 58% Renewable Energy capacity, surpassing the national 47% average. To support this green shift, the state plans to invest Rs 29,000 crore in the third Green Energy Corridor (GEC-III) to transmit 16,500 MW from Solar and Wind zones. The project includes building extensive transmission lines and substations for grid stability.
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JSW Energy Ltd has commissioned 281 MW of renewable energy (215 MW solar, 66 MW wind), raising its total capacity to 12,499 MW, with 55% from renewables. Wind, solar, and hydro capacities now stand at 3,482 MW, 1,968 MW, and 1,391 MW respectively. Its subsidiary signed a 25-year PPA with Adani Electricity for a 250 MW wind project at ₹3.
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Ignitis Renewables has fully commissioned the 314 MW Kelmė Wind Farm, the largest in Lithuania and the Baltic States. Generating 1 TWh annually, it powers 250,000 homes and boosts energy independence. The €550 million project includes 44 Nordex turbines and was built in two phases. It supports Ignitis Group’s 2030 renewable goals and aids the local economy through contracts and €192,000 in community support.
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Wallbox (NYSE: WBX), a global EV charging leader, secured $15 million through two private placements. The Government of Spain, via the Spanish Society for Technological Transformation (SETT), invested over $9 million, supporting Wallbox’s role in the energy transition under the Next Tech initiative.
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As Electric Vehicles (EVs) become more widespread, the demand for Lithium-ion Batteries grows, raising concerns over their environmental impact. Current recycling methods, like pyrometallurgy, are energy-intensive and environmentally harmful. A shift to carbon-neutral, low-energy processes such as Hybrid-Hydrometallurgy (HHM™) can drastically reduce emissions and improve material recovery.
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India's Solar Photovoltaic (PV) Balance of System (BoS) market is projected to grow from $3 billion in 2024 to $7 billion by 2029 at a 16% CAGR, driven by Clean Energy targets and supportive schemes like PM-KUSUM and Rooftop Solar Programs. BoS includes all non-panel components essential for Solar Projects.
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Avaada Group, founded by Vineet Mittal, is preparing for a Rs 4,000-5,000 crore IPO of its Solar Module manufacturing unit. The funds raised will primarily finance the group’s capex, including a 5 GW Solar Module and Cell facility in Uttar Pradesh. Avaada has approached investment banks and law firms to manage the IPO.
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Bolt.Earth has launched Blaze DC, a universal fast charger designed for electric two- and three-wheelers, which constitute 80% of India’s EV fleet. Made entirely in India, Blaze DC supports key connectors compatible with major EV brands and offers fast charging up to 120 km in 15 minutes. Bolt.
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India will need nearly 6,900 acres of land and $7.5 to $9 billion investment for EV manufacturing by 2030, lithium-ion battery production, and public charging infrastructure, says Savills India. Driven by government policies, rising environmental concerns, and growing EV demand, this development will boost real estate sectors like industrial, warehousing, and logistics.
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Rama Steel Tubes (RSTL) shares surged 14.19% to Rs 13.36 after investing 10% equity in a 225 MW Solar Power Project under the PM-KUSUM scheme. The project, by Onix IPP in Maharashtra, has 25-year power purchase agreements with a fixed tariff, ensuring stable revenue. Rama Steel expects Rs 270.28 crore over 25 years.
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