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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On February 3, 2025, POWERGRID approved two major investment projects to enhance India’s transmission infrastructure. The first involves a 400kV switchyard at Vataman to support 500 MW of Offshore Wind capacity off Gujarat’s coast, with a cost of ₹319.42 crore and a 2026 commissioning date.
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Toyota plans to establish a wholly-owned EV and battery unit in Shanghai, China, focusing on Lexus brand EVs and batteries. Production is expected to start in 2027, with an initial capacity of 100,000 units annually, creating around 1,000 jobs. Toyota will collaborate with the Shanghai municipal government on carbon-neutral initiatives, supporting China's 2060 carbon neutrality goal.
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BYD has announced the launch of its most anticipated electric SUV, the Sealion 7. The unveiling of the Sealion 7 in Australia has been set for mid-February 2025 with a hinted starting price of under $60,000 before on-road costs for the entry-level Premium variant. Premium Content Access
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Orlen and Northland Power have begun construction of Poland's first offshore wind farm, the 1200MW Baltic Power. The project is installing 78 monopiles to support 15MW turbines. Expected to start operations in 2026, it is a key part of Orlen's strategy to deploy over 4GW of Offshore Wind in the Baltic.
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Mitsubishi Corp took a 66.8 billion yen ($438.61 million) impairment charge on its domestic Offshore Wind Projects for the nine months ending December. The company is reevaluating its Offshore Wind Projects in Japan due to a "significantly changed" business environment and rising global costs. Despite this setback, Mitsubishi posted a 19% increase in net profit, reaching 827.
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BluPine Energy has signed a Power Purchase Agreement (PPA) with Amazon for a 99 MW Wind Energy Project in India, generating 360 million units of Renewable Electricity annually. This supports Amazon’s sustainability goals, offsetting over 250,000 tonnes of CO2. BluPine Energy’s total C&I capacity reaches 800 MW, aiming for 1 GW.
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IICA and CMAI signed a MoU to strengthen India’s carbon markets and accelerate decarbonization efforts, with a key focus on hydrogen as a fuel for the future. This collaboration will center on training programs, joint research, workshops, and policy advocacy to support India’s net-zero goals.
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The reduction in Import duty on Solar Panels has been offset by a higher Agriculture Infrastructure and Development Cess, maintaining overall import duties. Domestic Solar manufacturers struggle to meet demand, impacting supply. Industry experts warn India's Renewable Energy targets may be at risk.
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According to CEA Advisor there is urgent need to increase investment in the Battery Storage. The major focus should be on the research & development in BESS. The survey said innovation in energy storage, grid infrastructure and securing critical minerals should be prioritised in short-to-medium term.
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Chief Minister Sukhvinder Singh Sukhu laid the foundation stone for North India's first green hydrogen plant in Dabhota, Nalagarh Tehsil of Solan district, Himachal Pradesh. The Rs 9.04 crore, 1 MW project is being developed collaboratively by Himachal Pradesh Power Corporation Limited (HPPCL) and Oil India Limited.
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NTPC has signed a 25-year Power Purchase Agreement (PPA) with the Indian Army to supply 200 kW of renewable energy from a solar-hydrogen based microgrid at Chushul, Ladakh. This is world’s most unique hydrogen based off-grid microgrid project which once operational, would usher in a new era of decarbonisation and modernisation.
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CleanMax, a renewable energy provider, has signed a Power Purchase Agreement with Amazon to develop 100 MW of Renewable Energy Projects. This collaboration will help Amazon meet its electricity needs and support its Climate Pledge commitment to Net-Zero Emissions by 2040. The wind farm, operational by Q2 2026, will generate 355 million kWh annually, offsetting 252,000 tons of CO2.
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