India Adds 2.7 GW Rooftop Solar Capacity in Q1 2026, Residential Segment Drives 82% Growth: Report
India added 2.7 GW of rooftop solar in Q1 2026, a 25% QoQ rise and 125% YoY growth, driven largely by the PM Surya Ghar residential subsidy programme. The residential segment contributed 82% of the new capacity, while capex‑financed projects made up 81% of installations. Maharashtra, Uttar Pradesh and Gujarat together supplied nearly half of the quarterly additions, pushing cumulative rooftop capacity to 23.5 GW. Tender issuance fell 38% QoQ but was 32% higher YoY, and system costs remained broadly stable despite a price uptick for Chinese modules.
China Plans a Giant Overseas Renewable Energy Plant with 1,000 Turbines and Millions of Solar Panels
China announced plans for its largest overseas renewable‑energy complex, featuring 1,000 wind turbines and millions of solar photovoltaic panels on a site roughly 4,300 miles from the mainland. The hybrid plant will integrate wind, solar and battery storage to deliver...
Rooftop Solar Adoption Surges in Delhi as Subsidies, Awareness Drives Boost Installations: Tata Power-DDL
Tata Power Delhi Distribution Limited (Tata Power‑DDL) has crossed 10,466 rooftop solar installations in North and North‑West Delhi, delivering 160.3 MWp of capacity. Residential customers dominate with 8,451 households, while FY 2025‑26 saw a record 5,378 new systems adding 55.75 MWp. The surge...
Rupee Falls 8 Paise to 95.78 Against US Dollar in Early Trade
The Indian rupee weakened to 95.78 per U.S. dollar, slipping 8 paise in early trade as Brent crude hovered around $98 a barrel. The move was spurred by renewed U.S. strikes on Iran, which revived safe‑haven demand for the dollar. Foreign...
Uttar Pradesh CM Urges Power Saving Amid Demand Spike
Uttar Pradesh Chief Minister Yogi Adityanath warned residents to curb electricity use as the state faces a sharp demand surge amid soaring temperatures and strained global energy supplies. Peak power demand has climbed to 32,000‑33,000 MW, roughly double the 2017 level,...
India's KPI Green Plans up to $1 Billion Renewable Energy Investment Trust, Executive Says
KPI Green Energy, a Gujarat‑based renewable developer, plans to launch an infrastructure investment trust (InvIT) to raise up to $1 billion by the end of fiscal year 2027‑28. The target raise is 80‑100 billion rupees (≈ $838 million‑$1.05 billion) and the InvIT will bundle 1.5‑2 GW...
Saatvik Green Energy Bags ₹171-Cr Solar Modules Supply Order
India's solar module maker Saatvik Green Energy announced a ₹171.45 crore (~$20.6 million) contract to supply TOPCon Bifacial glass‑glass PV modules for a utility‑scale project of a domestic independent power producer. The order highlights the company's advanced bifacial technology, which can boost...
Heatwaves, Urban Heat Islands Push India’s Power Demand to Record 270 GW: Report
India’s electricity grid reached a record‑high peak of 270 GW as a severe heatwave intensified residential cooling demand. The surge is attributed mainly to urban heat islands, which make cities 2‑10 °C hotter and extend night‑time temperatures. In contrast to past years,...
India, Japan Discuss Steps to Fix Energy Supply Disruptions
India and Japan met on May 26 to discuss joint actions against energy‑supply and maritime‑connectivity disruptions stemming from the West Asian war. Both external affairs ministers highlighted their shared status as major energy‑importing, trading economies and pledged to deepen cooperation...
Fuel Tensions Leave Logistics Industry Tyred Out
Diesel shortages have forced about 20% of India’s 9.5 million‑truck fleet to idle, tightening goods transport. State‑run oil marketers raised diesel prices four times in 11 days, adding ₹5‑6 per litre (~$0.06‑$0.07) and creating a ₹40‑42 per litre (~$0.48‑$0.51) retail‑to‑institutional gap, while...
Discoms Told to Commission Rooftop Solar Units by May 31
India’s Ministry of New and Renewable Energy has given electricity distribution companies (discoms) until May 31 to finish inspections and issue commissioning certificates for already‑installed rooftop solar projects. The deadline safeguards these projects from the upcoming requirement to use solar cells...
Solar Surge Hits Coal Wall, 300 GWh of Clean Power Wasted in Q1 of 2026
Coal‑fired plants in India blocked solar generation, leading to about 300 GWh of clean power being curtailed in Q1 2026. The curtailment accounts for nearly two‑thirds of total renewable waste that quarter. A 2023 government order to cut coal plants' minimum technical...
India's Mine Block Operationalisation Picks Up
India’s mines ministry reported a sharp acceleration in mineral block auctions and operationalisation. In fiscal 2025‑26, a record 212 blocks were auctioned and 36 blocks were operationalised, including 28 greenfield sites. Over the past five years, annual auctions have risen...
Adani, GMR Among Shortlisted Bidders for $400 Million IntelliSmart Deal
IntelliSmart Infrastructure, a joint venture of NIIF and EESL, is being sold for an equity value of about $400 million (₹3,700 crore). Four bidders – Adani Energy Solutions, GMR Smart Electricity Distribution, Genus Power Infrastructures and Partners Group – have been shortlisted...
'Good News' May Come in the Next Few Hours: Rubio on West Asia Conflict
U.S. Secretary of State Marco Rubio announced that negotiations with Iran have yielded significant progress toward reopening the Strait of Hormuz for commercial shipping. He indicated that a formal announcement could come within hours, pending a decision from President Donald...
Chhattisgarh Bets on ‘Solar Didis’ for Green Energy & Womenpreneurship
Chhattisgarh has unveiled the Dweepti Yojana (2026‑2031), a program that will train rural women to become “Solar Didis” who install, operate and maintain village‑level solar infrastructure. The scheme targets essential assets such as irrigation pumps, flour mills and cold storages,...
Iran Agrees to Give up Enriched Uranium as Deal with Donald Trump 'Largely Negotiated': Report
Iran has signaled a willingness to surrender its roughly 970 lb of 60% enriched uranium as part of a tentative peace framework with the United States. President Donald Trump described the arrangement as “largely negotiated,” though final details such as verification...
KDP Meet Rejects Nuclear Plant in Besur; Seeks HC Circuit Bench in Shivamogga
The Karnataka Development Programme (KDP) meeting in Shivamogga voted to block the National Power Corporation’s plan for a nuclear power plant in Besur village, citing long‑standing fears of displacement among residents. The same session adopted a resolution demanding the establishment...
Singareni Implements State's First Battery Energy Storage System, Saves ₹26 Lakh
Singareni Collieries Company Limited (SCCL) installed a 1‑MW battery energy storage system (BESS) at its 28‑MW Mandamarri solar plant, the first such system in Telangana. The BESS stores surplus solar generation that would otherwise be fed to the grid for...
Maharashtra CM Fadnavis Warns Against Black-Marketing of Fuel, Assures Diesel Supply for Farmers
Maharashtra Chief Minister Devendra Fadnavis warned against black‑marketing of fuel and ordered district officials to guarantee diesel availability for farmers amid rural shortages. He highlighted a sudden 20‑30% spike in fuel sales, driven by panic buying linked to the West...
BSPTCL Signs MoU with RECPDCL to Develop Bihar Transmission Projects via TBCB
Bihar State Power Transmission Company Limited (BSPTCL) and REC Power Development & Consultancy Ltd (RECPDCL) have signed a Memorandum of Understanding to develop intra‑state transmission projects through the Tariff‑Based Competitive Bidding (TBCB) route. The partnership aims to modernise the grid,...
Vedanta Resources Looking to Rejig $5.5 Bn Holdco Debt in One Go
Vedanta Resources is negotiating a single‑shot refinancing of its $5.5 bn holding‑company debt. The plan targets $3.5‑3.7 bn of 10‑year amortising bonds and $1.5‑1.7 bn of five‑year senior loans, aligning repayments with dividend cash flows after a recent demerger. Extending the average debt...
RIL, Foreign Firms Refute in SC Centre's Claim of 'Unjust' Extraction of Gas From KG Basin
Reliance Industries Ltd, along with BP Exploration (Alpha) Ltd and Niko (NECO) Ltd, denied the Indian government’s allegation that they siphoned natural gas from ONGC’s Krishna‑Godavari basin. The Supreme Court is hearing their appeal after a Delhi High Court overturned...
OPEC+ Leaders Expected to up July Oil Output Target Despite Hormuz Disruption, Sources Say
OPEC+ is expected to raise its July oil‑output target by roughly 188,000 barrels per day, according to six sources ahead of the June 7 meeting. The increase involves seven core members—Saudi Arabia, Iraq, Kuwait, Algeria, Kazakhstan, Russia and Oman—despite ongoing delivery...
GAIL India Q4 Net Profit Falls 40.41% to ₹1,485 Crore; Revenue Declines 2.30%
GAIL (India) Ltd reported a sharp 40.4% drop in Q4 FY26 profit after tax to ₹1,485 crore (≈$181 million), while revenue slipped 2.3% YoY to ₹35,705 crore (≈$4.36 billion). The full‑year PAT also fell 39.1% to ₹7,582 crore (≈$92 million) despite a near‑flat revenue trend. The...
Bulk Buyers Shifting to Retail Pumps Behind Fuel Demand Spike in Parts of India
India is seeing a sharp rise in diesel demand at retail petrol pumps as bulk buyers, including state transport fleets and telecom generators, switch to retail outlets to exploit a ₹40‑42 per litre (about $0.48‑$0.50) price gap with bulk sales....
The Big Power Shift: From Megawatts to System Performance
India’s renewable energy capacity has surged fivefold, topping 197 GW in 2025 and exceeding 250 GW by early 2026, representing 51.5% of total installed power. Yet grid bottlenecks leave up to 50 GW of renewable potential stranded, with 4,000 MW in Rajasthan unable to...
Energy Storage Firms Raise $2.3 Billion in Q1 2026 as Funding Activity Rises: Report
Corporate funding for energy‑storage firms reached $2.3 billion in Q1 2026, up 5% YoY and spread across 38 deals. Venture‑capital inflows grew 9% to $1.2 billion, while debt and public‑market financing contributed $1.1 billion. Deal activity surged 44% year‑on‑year, and mergers and acquisitions jumped...
Kotak Warns of Massive Fuel Under-Recoveries Despite Recent ₹3/Litre Price Hike
Kotak Securities warns Indian state‑run oil marketers may need additional fuel price hikes as refiners still face large under‑recoveries despite a recent ₹3 per litre ($0.036) increase. At a delivered crude price of about $120 per barrel, the implied burden...
Gurgaon Sees Rooftop Solar Boom as 7k Applications Filed in 5 Months
Gurgaon recorded 7,497 rooftop solar applications in just five months, pushing operational connections past 4,200. The surge, driven by the PM Surya Ghar Muft Bijli Yojana, has seen subsidies flow to roughly 2,360 households and rapid installations in upscale housing...
Numaligarh Refinery Signs Post-Expansion Agreement with Progressive Fertichem
Numaligarh Refinery Limited (NRL) has signed a commercial agreement to sell 52,500 metric tonnes of sulphur each year to Progressive Fertichem Private Limited. The deal marks the first product off‑take since NRL completed its expansion, which triples capacity from 3 MMTPA...
Advait Energy, Norway’s TECO Sign MoU for Hydrogen Fuel Cell Manufacturing in India
Advait Energy Transitions Ltd signed a memorandum of understanding with Norway’s TECO Fuel Cell Technology, backed by AVL List, to launch local manufacturing of 400 kW hydrogen fuel‑cell modules and 100 kW stacks in India. The partnership will initially produce units for...
Reliance in Talks with Chinese Battery Behemoth CATL & Others for Big Battery System Parts
Reliance Industries is in confidential talks with Chinese battery giant CATL and other suppliers to source components for its upcoming Jamnagar battery energy storage system (BESS) complex. The move follows setbacks in a prior technology‑transfer deal with CATL and recent...
Coal Gasification Can Raise India's Resource Security Amid Decarbonisation Uncertainties: Report
India’s steel industry, the world’s fastest‑growing market, is grappling with heavy reliance on imported coking coal and LNG, which drives price volatility and supply risk. A new Observer Research Foundation report argues that coal‑gasification could convert abundant domestic coal into...
NCLAT Upholds Separate Insolvency Processes for Videocon Industries and Videocon Oil Ventures
The National Company Law Appellate Tribunal (NCLAT) has upheld separate insolvency proceedings for Videocon Industries Ltd (VIL) and Videocon Oil Ventures Ltd (VOVL), overturning a 2020 NCLT order that sought to combine the two cases. The tribunal emphasized that VIL’s...
US Nuclear Industry Delegation Visiting India to Explore Opportunities
A 20‑member delegation of senior U.S. nuclear executives is touring New Delhi and Mumbai to assess partnership opportunities after India’s SHANTI Act opened its civil nuclear sector to private firms. The visit coincides with India’s ambitious plan to expand nuclear...
NTPC Chief Cautions Against Dependence on Single Supplier for Nuclear Technology
India’s push for a 100 GW nuclear power portfolio is gaining momentum, with state‑run NTPC aiming to add 30 GW by 2047. Chairman Gurdeep Singh warned that over‑reliance on a single foreign supplier could expose the program to global supply‑chain risks, even if...
By 2047, Karnataka Plans to Use AI to Run Power Grid Operations
Karnataka's energy department announced a roadmap to fully automate its power grid operations with artificial intelligence by 2047. The plan promises real‑time monitoring of assets, distribution lines and transformers, cutting response times from weeks to minutes. Officials highlighted the creation...
Abu Dhabi to Ramp up Crude Storage, India’s Reserve May Go up 70%
India’s strategic petroleum reserve, currently 5.3 million tonnes (about 38 million barrels), is set to jump roughly 70 percent after Abu Dhabi’s National Oil Company (ADNOC) expands crude‑oil storage to 30 million barrels in the country. The added capacity translates to over four million...
US Oil Refiners Finally Profit From Biofuels Due to Mandates, High Fuel Prices
U.S. refiners are now profiting from renewable fuels after the EPA imposed record biofuel blending mandates, driving a 60% increase in biodiesel and renewable diesel use. HF Sinclair posted a $133 million profit and Valero turned a $139 million profit in its...
Waaree Clean Energy Solutions Bags Order to Develop Green Hydrogen Project in Karnataka
Waaree Clean Energy Solutions, a wholly‑owned subsidiary of Waaree Energies, has secured a landmark order to build a multi‑technology green hydrogen hub at TMEIC Industrial Systems’ plant in Tumkur, Karnataka. The project will integrate PEM and alkaline electrolyzers, hydrogen compression,...
PM Modi’s Abu Dhabi Visit: India, UAE Deepen Energy, Technology Ties
Prime Minister Narendra Modi’s brief Abu Dhabi visit resulted in a suite of strategic accords spanning energy, defence, maritime infrastructure and advanced technology. India’s Strategic Petroleum Reserves Ltd and ADNOC signed a collaboration to expand strategic petroleum reserves and explore...
IOCL Refineries Exceed 100% Capacity Amid Fuel Price Hike, Focus on Green Hydrogen
Indian Oil Corporation Limited (IOCL) is operating its ten refineries at more than 100% capacity to prevent fuel shortages after a modest ₹3‑per‑litre price hike – roughly $0.04 – on petrol and diesel nationwide. Prices rose to about ₹97.77 ($1.18)...
Fuel Price Hike Offers Limited Relief to OMCs Amid Crude Oil Surge: Experts
The Indian government raised petrol and diesel prices by up to ₹3 per litre on May 15, 2026, as global crude oil hovered around $105‑110 per barrel. Even after the hike, oil marketing companies (OMCs) are still losing roughly ₹1,000 crore (~$120 million) each...
Maharashtra Reduces VAT on Jet Fuel From 18% to 7%
Maharashtra announced a reduction of value‑added tax on aviation turbine fuel from 18% to 7%, effective until November 14. The cut comes as global jet‑fuel prices have risen to $162.89 per barrel, squeezing Indian airlines whose fuel costs represent 35‑40%...
Austerity Drive: Andhra Pradesh Govt Urges Officials to Walk, Cycle, WFH
The Andhra Pradesh government announced a voluntary austerity drive that asks officials and citizens to cut vehicle use, adopt electric vehicles, and walk or cycle for short trips. A weekly “No Vehicle Friday” and mandatory bike rides to the secretariat...
PFC Q4 FY26 Profit Rises 11% to ₹6,999 Crore
Power Finance Corporation (PFC) posted a 10.8% year‑on‑year rise in Q4 FY26 profit, reaching ₹6,999 crore (≈ $843 million). The lender’s net worth surpassed the ₹1 lakh crore milestone, now standing at ₹1,02,532 crore (≈ $12.3 billion). FY26 revenue grew 8.4% to ₹1,15,443.61 crore (≈ $13.9 billion) while the full‑year net...
India Set to Scale Back Russian Oil Imports if US Waiver Lapses
India may be forced to cut Russian crude imports if the U.S. sanctions waiver expires on May 16. Imports have surged to a record 2.3 million barrels per day this month, but could fall to about 1.9 million barrels without a renewal. Indian...
Avaada Energy Expands UP Footprint with Solar, Battery Backed Power Projects
Avaada Energy is adding an 85 MW solar plant in Chitrakoot, Uttar Pradesh, with construction slated to start this year and commissioning by 2027. The project involves a $30 million investment on 200 acres of leased government land and will supply renewable...
EU Carbon Trading Revamp to Boost Revenue Return to Industry, Commissioner Says
The European Commission announced a revamp of the EU Emissions Trading System (ETS) aimed at returning a larger share of permit revenues to industry as a decarbonisation incentive. Climate commissioner Wopke Hoekstra highlighted the need for more renewable capacity, continued...