GREEN ENERGY PROJECTS
CNG poised for significant growth as India focuses on energy transition: Crisil
Crisil Intelligence's report says that India's city gas distribution sector, particularly CNG, is set for substantial expansion driven by government initiatives and rising urban mobility needs. Infrastructure development and increasing demand for cleaner mobility position CNG as a sustainable alternative.
Stock market update: Nifty Realty index advances 2.11%
The Nifty Realty index closed 2.11 per cent up at 1013.65.
Banks are financing their own multitrillion-dollar nightmare
Despite climate risks, the world's largest banks increased fossil fuel financing to $869.4 billion last year, reversing previous declines. This surge aligns with a political shift against environmental considerations, potentially costing trillions in global GDP and exacerbating climate-related economic damage. The US alone faces significant financial losses and increased risks to home valuations due to climate disasters.
Delhi: Solar powered centre to collect e-waste unveiled at Khan Market
The New Delhi Municipal Council (NDMC) and NGO Chintan have launched a solar-powered micro material recovery facility at Khan Market. This initiative aims to reduce landfill burden through decentralized, community-focused waste management. The facility, equipped with separate collection boxes and a plastic compression machine, will handle e-waste, old clothes, and other materials.
Stock market update: Power stocks up as market rises
The 30-share BSE Sensex closed up 1046.3 points at 82408.17
HPCL to invest $231 mn to build 24 compressed biogas plants in India
Hindustan Petroleum Corp Ltd plans to invest 20 billion rupees to establish 24 compressed biogas plants in the next two to three years. This initiative supports India's goal to cut carbon emissions and achieve net-zero by 2070 by utilizing organic waste for cleaner fuels. India aims to increase gas usage in its energy mix to 15% by 2030.
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World Economic Forum report praises India's efforts in shaping global energy transition
India, ranked among the world's largest economies, significantly influences the global energy transition through its rapid growth and rising energy demand. The nation has made substantial progress in expanding energy access, improving regulations, and investing in renewable technologies.
Stock market update: Power stocks up as market rises
The 30-share BSE Sensex was up 719.55 points at 82081.42
Gentari plans to offload up to 50% stake in India arm
Gentari, Petronas' renewable energy arm, plans to sell a stake in its Indian unit. This could be a major green energy deal. Standard Chartered is advising on the sale. NTPC Green Energy and others are potential buyers. Gentari's CEO will visit India to discuss the sale. The company has a large portfolio of renewable energy projects in India.
4 reasons why crude oil is not likely to sustain $80/bbl. How is India impacted?
Crude oil may not sustain above $80/bbl despite Middle East tensions, say brokerages, citing factors like OPEC's spare capacity, stable US shale output, and weak global demand. For India, a $10/bbl price rise could inflate oil imports by $13–14 billion, hitting downstream margins and LPG subsidy costs.
Despite threats, Iran never closed Strait of Hormuz; oil mkt well-supplied: Analysts
Despite Iran's repeated threats to close the Strait of Hormuz, a vital waterway for global oil and gas transit, it has never followed through due to strategic and economic costs. Analysts believe the oil markets are well-supplied, with OPEC's spare capacity and rising US shale production providing a buffer.
Need to track green hydrogen utilisation: MNRE secretary
India is developing a plan to track the use of green hydrogen and establish global partnerships for its export, according to Santosh Kumar Sarangi. Traceability is crucial to determine if steel production uses green or grey hydrogen. Concessions for green hydrogen exports will be considered in trade agreements, including the India-EU FTA, to promote its adoption.
Siemens Energy may see up to $180 million in outflows after MSCI exit
Global index provider MSCI will delete Siemens Energy India from its Global Standard Index (Large Cap segment), effective post-market close on June 20. The exit, Nuvama notes, could trigger “estimated passive outflow in the range of USD 170–180 million,” although the brokerage added that a more accurate estimate would be available once the stock begins trading.
Siemens Energy shares zoom 5%, hit upper circuit post listing; brokerages project 30% upside
Siemens Energy India's shares have witnessed a surge. This follows its listing on the BSE. Brokerage firms anticipate a substantial upside, with target prices reaching Rs 3,700. Analysts foresee the company benefiting from India's power transmission investments. Jefferies projects a strong EPS CAGR. Antique Broking highlights the company's role in decarbonization. Motilal Oswal expects significant revenue and profit growth.
UK's tougher immigration stance may undermine efforts to meet net zero by 2050
A new report indicates that the UK's stricter immigration rules could impede its net zero and housing objectives by limiting the availability of foreign-born workers in crucial sectors. Many foreign-born workers in green jobs may not meet the new visa requirements, potentially leading to labour shortages in construction and clean energy.
Energy transition: How coal mines could go solar
Disused coal mines could be refashioned to place vast fields of solar panels, a new report suggests, providing an unlikely solution to a common obstacle to uptake of the green energy source. Coal mine-to-solar conversions are already happening in some countries, most notably China, which leads the world in solar uptake.
For long-term investors: Time to ‘switch on’ again; 7 power stocks from different segments with upside potential of over 39%
When a sector sees a strong re-rating in a short span of time, it sometimes raises doubts about whether the stocks moved too fast. These fears come to the fore especially when the market has just gone through a phase of correction. At the same time, there are sectors that, after going through a deep phase of trouble, take some time to make a comeback. But when the comeback happens, it is much stronger. This might be the case for players in the power sector – a sector that is seeing both a comeback and a transition.
Stock market update: Nifty Realty index falls 0.05% in an upbeat market
The Nifty Realty index was trading 0.05 per cent down at 1006.5.
Wind energy centre of Atma Nirbhar Bharat: India becomes 3rd largest maker of renewable energy; wind capacity hits 51.5 GW in a decade
On Global Wind Day 2025, Minister Prahlad Joshi emphasised wind energy's pivotal role in India's clean energy goals and its ambition to become a global manufacturing hub. India has achieved 51.5 GW of wind capacity and aims for 100 GW by 2030. The focus is now on integrating wind with storage, reducing tariffs, and boosting manufacturing efficiency.
Karnataka placed first in country for highest wind power capacity
Karnataka secured the top position in India for wind power capacity addition. The state added 1,331.48 MW in the financial year 2024-25. Energy Minister K J George received the award from Union Minister Pralhad Joshi. Tamil Nadu and Gujarat followed in second and third place respectively. Karnataka's total installed wind power capacity now stands at 7,351 MW.
India has achieved 51.5 GW wind capacity, 150% growth in a decade: Union Minister Pralhad Joshi
Union Minister Pralhad Joshi announced India's wind energy capacity has reached 51.5 GW. This marks a 150% growth in ten years. India is now exporting wind turbines. The nation aims for 100 GW by 2030, including offshore projects. The government approved Viability Gap Funding for offshore wind projects. Renewable energy budget increased by 53%.
Delhi Assembly to go fully digital by July; Kiren Rijiju lays foundation stone for e-Vidhan project
Delhi Assembly is preparing to go paperless by July using the National e-Vidhan Application. Kiren Rijiju inaugurated the e-Vidhan project. This initiative aligns with the 'One Nation, One Application' drive. The goal is to digitise legislative processes. A MoU was signed between multiple entities. The assembly aims to become a green, tech-enabled institution. It will be powered by renewable energy.
Stock market update: Nifty Realty index falls 0.93% in a weak market
The Nifty Realty index was trading 0.93 per cent down at 997.1.
Torrent Power shares in focus after bagging 300 MW wind project from SECI
Torrent Power shares will be in focus after its subsidiary, Torrent Green Energy, secured a 300 MW wind power project from SECI under Wind Tranche-XVIII. With a tariff of Rs 3.97/unit and Rs 2,650 crore investment, the project is set for commissioning within 24 months. This brings Torrent’s total renewable capacity under development to 3.3 GWp.
Torrent Power bags 300 MW wind project from SECI
Torrent Power's subsidiary, Torrent Green Energy, has secured a 300 MW wind project from SECI under Wind Tranche-XVIII. The project, with a tariff of Rs 3.97 per unit, requires an estimated investment of Rs 2,650 crore. This win increases Torrent's renewable capacity under development to 3.3 GWp, solidifying its position in the power sector.
Nepalese Foreign Minister calls for 'green energy cooperation' with India
Nepal's Foreign Minister highlights that green energy cooperation will strengthen interdependence between Nepal and India, emphasizing clean and sustainable energy sources. A long-term agreement to export 10,000 MW of electricity to India over the next decade signifies growing energy collaboration. Deuba also stressed enhancing connectivity through investments in various infrastructure projects.
Cost of green hydrogen in India set to fall by up to 40%: Report
India's green hydrogen costs are projected to decrease by up to 40% due to government support and incentives, potentially reaching Rs 260-310 per kg. The nation's Green Hydrogen Mission, launched in January 2023 with a Rs 19,744 crore outlay, aims for 5 million tonnes of annual production by 2030.
DeepDive: India’s green hydrogen journey starts at Rs 397 per kg
India's price discovery marks progress, but the jury is still out on competitiveness.
NTPC Group installed capacity stands at 80,265 MW post commissioning of 110.25 MW solar supply
NTPC's group installed generation capacity has reached 80,265 MW following the commencement of commercial operations of 110.25 MW from the Khavda solar project by its subsidiary, NTPC Renewable Energy. This Khavda-I Solar PV Project, with a total capacity of 1255 MW, marks a significant step for NTPC Green Energy, a subsidiary of NTPC Ltd.
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