Srivastava has assumed charge after his appointment by the Appointments Committee of the Cabinet.

Jitendra Srivastava (IAS) assumed charge as Chairman & Managing Director (CMD) of REC Limited on 22^nd April Tuesday. An IAS from Bihar Cadre (2000 Batch), he was appointed as CMD of REC on 18^th April Friday by the Appointments Committee of the Cabinet (ACC). This appointment has been made in the rank and pay of Additional Secretary to the Government of India, under the Ministry of Power.

Srivastava is a seasoned civil servant with over two decades of distinguished service. Over the years, he has held several key administrative and leadership roles across the Central government and Bihar government. Srivastava has served as Joint Secretary in the Department of Drinking Water and Sanitation, Ministry of Jal Shakti from January 2023 onwards. Earlier, he served as Secretary to the Bihar government in Home Department and Public Health Engineering Department (PHED).

His postings have included important assignments in sectors such as finance, power sector, education, public health, and infrastructure. His deep understanding of grassroots governance, combined with his experience at the central level, makes him well-equipped to steer REC’s strategic objectives and support India’s growing power and energy needs. He holds a B.A. (Hons) in Economics from Delhi University’s Hansraj College and MBA (Finance) from Cochin University of Science and Technology.

Evren signed PPA with NTPC that entails development of close to 1 GW of renewable energy capacity including wind, solar and battery energy storage.

Evren, a platform launched by Brookfield in India, has entered into a 300 MW PPA with NTPC Ltd for supply of firm and dispatchable renewable energy. The PPA entails development of close to 1 GW of renewable energy capacity including wind, solar and battery energy storage.

The plant, designed for 300 MW Firm and Dispatchable Renewable Energy (FDRE), combines solar, wind, and battery storage for efficient peak-hour energy dispatch, helping power distribution companies in better matching power demand with renewable supply, especially during peak demand periods. This PPA will also assist the power distribution companies in meeting their renewable energy consumption and energy storage obligations.

Commenting on the development Suman Kumar, CEO Evren said, “The FDRE tender marks a great milestone for Evren. We are proactively investing in a large pipeline of high quality resources, comprising of interconnect approvals and data mapped land, thereby enabling us to provide decarbonisation solutions at scale.  We are firmly placed to contribute to India’s renewable energy transition at scale.”

The PCOC certificate 70066-100-25-1879122 issued on April 11, 2025 is valid until April 11, 2026 and permits Jindal (India) Limited to supply ERW pipes to Saudi Arabia a market where adherence to SASO technical regulations is mandatory.

Jindal (India) Limited, has successfully achieved the Product Certificate of Conformity (PCOC), a mandatory requirement for supplying Electric Resistance Welded (ERW) pipes to Saudi Arabia. The certification follows a rigorous virtual audit conducted on April 9, 2025, by Verger Global, an authorised auditor of Saudi Standards, Metrology and Quality Organisation (SASO). The audit comprehensively assessed the quality management systems, production processes and product testing at Jindal (India) Limited’s Jangalpur mill.

The PCOC certificate 70066-100-25-1879122, issued on April 11, 2025, is valid until April 11, 2026, and permits Jindal (India) Limited to supply ERW pipes to Saudi Arabia, a market where adherence to SASO technical regulations is mandatory. The certification covers compliances with the technical regulation for building materials- Part 5, applicable to tubes and pipes used in water electricity and gas networks. The certification boosts Jindal (India) Limited’s ability to cater to the industrial and infrastructure sectors in the Middle East country, reinforcing our commitment as a reliable supplier of high-quality steel solutions.

Sanjay will lead the strategic growth and operations of Panasonic Life Solutions Solar and EV Charging business in India and select global markets laying focus on expanding the company’s market presence and building strong partnerships to support its clean energy goals.

Panasonic Life Solutions India, announces appointment of K V S Sanjay as the Vice President and Head of the Solar and Electric Vehicle (EV) Charging Business. With over 25 years of experience across the solar energy and telecom sectors, he has held leadership roles at major organisations such as Reliance, Luminous, Tata, and Airtel, where he led key projects in renewable energy and infrastructure development.

In his new role, Sanjay will lead the strategic growth and operations of Panasonic’s Solar and EV Charging business in India and select global markets. He will focus on expanding the company’s market presence and building strong partnerships to support its clean energy goals. His efforts will also contribute to Panasonic’s long-term vision of a greener and more sustainable future. At a time when India’s renewable energy and electric mobility sectors are growing rapidly, his appointment further strengthens Panasonic’s leadership in this space.

Welcoming him to the company, the leadership at Panasonic Life Solutions India shared, “We are delighted to have Sanjay on board. His deep industry knowledge and strategic vision will be key in scaling our solar and EV initiatives. We look forward to building a strong and future-ready energy portfolio under his leadership.”

Tata Power Renewable Energy Limited (TPREL) is set to achieve a cumulative Group Captive capacity of 1.5 GW with its latest project. Generating 300 million units of clean energy annually, the initiative will offset over 2 lakh tons of CO₂, supporting Tata Motors’ six plants in Maharashtra and Gujarat in their RE-100 and Net-Zero goals.

Tata Power’s renewable energy arm, Tata Power Renewable Energy Limited (TPREL) and Tata Motors have signed a landmark Power Purchase Agreement (PPA) to co-develop a 131 MW wind-solar hybrid renewable energy project.

Set to generate approximately 300 million units of clean electricity annually, the project is expected to offset over 2 lakh tons of CO₂ emissions each year. Enabled through co-investment and a long-term Power Purchase Agreement (PPA), this integrated wind-solar hybrid solution will provide a reliable supply of green, cost-effective energy exclusively to Tata Motors’ six manufacturing facilities in Maharashtra and Gujarat, supporting the production of both commercial and passenger vehicles.

This initiative significantly advances the Tata Motors’ clean energy transition for achieving its RE-100 commitment ahead of the 2030 target and accelerates meaningful progress toward climate-resilient operations.  It also marks a major milestone in Tata Motors’ sustainability roadmap, aligning with its broader ambition to achieve net-zero emissions and lead the shift towards environmentally responsible manufacturing.

By offering integrated Round-The-Clock (RTC) green energy solutions, TPREL helps these energy-intensive industries meet their ESG and RE100 goals. It stands out among its peers due to its ability to combine solar, wind, floating solar, and battery storage into a hybrid model, providing reliable, uninterrupted clean power while optimising costs.

With a pan-India presence, strong execution capabilities, and deep regulatory expertise, TPREL delivers scalable, customized energy solutions, positioning itself as a most trusted partner in India’s clean energy transition, having recently surpassed 1.5 GW in group captive project capacity.

TPREL is driving the sustainable energy transition for a diverse range of Commercial & Industrial (C&I) sectors, including Steel, Automotive, Polymer, Hospitality, Retail, and Realty. It has collaborated with Tata Group entities, including Tata Steel, Tata Motors, Tata Communications, IHCL etc. to implement group captive solar projects, thereby advancing the Group’s transition towards sustainable energy. 

Under its Group Captive portfolio, TPREL currently operates approximately 478 MW of renewable energy capacity. In addition, nearly 1.1 GW of capacity are at various stages of implementation and will be completed in next 6-24 months. With this order, the total Group Captive capacity will be over 1.5 GW.

With impressive power outputs from 620 Wp to 640 Wp with industry-leading module efficiency of up to 23.69 percent, this leading-edge module has been certified by BIS as next-generation modules.

In line with the importance of developing smart and efficient photovoltaic solutions, Gautam Solar has introduced its Rectangular N-Type TOPCon Bifacial Solar Panel. The solar module manufacturing company now ranks among the early adopters in India to roll out this high-efficiency, next-gen N-Type TOPCon solution.

Designed to cater to the ever-evolving requirements of developers and EPC players, including impressive power outputs from 620 Wp to 640 Wp with industry-leading module efficiency of up to 23.69 percent, this leading-edge module has been certified by BIS as next-generation modules. It is the most recent addition to Gautam Solar’s advanced TOPCon product line, further underlining the company’s commitment to performance-oriented high-end solar technology.

Developed with rectangular N-Type TOPCon bifacial solar cells, the panel increases energy yield through higher cell packing density and improved light absorption from both front and rear sides. This is smart design: a greater active area, minimised losses and enhanced bifacial gain-considered very advantageous for large-scale ground-mounted solar installations particularly in areas characterised by high albedo conditions.

The Rectangular N-Type TOPCon Bifacial Solar Panel is manufactured by Gautam Solar with power output spanning between 620 Wp and 640 Wp, with a high module efficiency of 22.95 percent to 23.69 percent. Advanced bifacial technology allows it to capture sunlight from the front and rear sides, optimising energy production. Its unique rectangular N-Type TOPCon cell configuration imparts an advantage by enhancing energy density while maximising space utilisation with respect to adjacent solar panels.

The panel performs better; lower degradation rates, excellent temperature coefficient and confirmed higher output even under low-light conditions characterise the module. These factors make this module more durable, PID-resistant and weatherproof, able to withstand high mechanical loads. Added to this, the high power output per module means fewer modules are required per megawatt, thus saving greatly on balance of system (BOS) components like structures, wiring and installation.

This gives a rectangular cell quasi-core cell type with a higher energy yield per square meter of surface area, significantly improving project returns on investment. These modules were devised to address the immediate requirements of the industry for scalable, cost-effective, high-output systems, especially as India speeds up on the road to renewable energy goals. “The launch of the Rectangular N-Type TOPCon Bifacial Solar Panel is a great leap toward innovation in solar modules. This product promises all—efficiency, durability and system cost savings. Gautam Solar is proud to present an all-ready future solution that meets the evolving requirements of developers and EPC partners, as the Indian solar industry heads towards scaling up installations with utility-grade performance,” said Gautam Mohanka, CEO of Gautam Solar.

Pradip Kumar Das, CMD of IREDA presented an impressive overview of the agency’s remarkable progress, highlighting a 27 percent compound annual growth rate (CAGR) in its loan book and a 51 percent CAGR in Profit After Tax over the last five years.

Nidhi Khare, Secretary of the Ministry of New & Renewable Energy (MNRE), visited the Corporate Office of Indian Renewable Energy Development Agency Ltd. (IREDA) in New Delhi, where she was warmly received by CMD Pradip Kumar Das and Director (Finance) Dr. Bijay Kumar Mohanty. The visit included a comprehensive review meeting and an interactive session with senior officials.

CMD Das presented an impressive overview of IREDA’s remarkable progress, highlighting a 27 percent compound annual growth rate (CAGR) in its loan book and a 51 percent CAGR in Profit After Tax over the last five years. The discussion also emphasised the notable increase in loan sanctions and disbursements during the same period, reflecting growing influence of IREDA in the renewable energy finance sector.

The agency’s strategic initiatives to lower borrowing costs while enhancing Net Interest Margin without burdening renewable energy developers were also underlined. Notably, IREDA recently set a benchmark by becoming the first NBFC and PSU to publish its audited financial results for FY 2024-25 within just 15 days of the fiscal year’s end.

J.V.N. Subramanyam, Joint Secretary, MNRE, along with other senior ministry officials also participated in the discussions. The meeting highlighted pivotal role of IREDA in contributing to India’s ambitious target of achieving 500 GW of non-fossil fuel capacity by 2030, aligning with the national vision of ‘Viksit Bharat’. Secretary Khare commended stellar performance of the organisation and reaffirmed continued support of the ministry in accelerating renewable energy transition and decarbonisation efforts in India.

Ministry of Coal has rationalised the registration fee to a flat rate of ₹500 per consignment, effective from 15th April, 2025.

In a strategic move to strengthen transparency and efficiency in the coal import monitoring, the Ministry of Coal has implemented the Coal Import Monitoring System (CIMS). By enabling real-time monitoring and informed decision-making in coal imports substitution, this initiative represents a significant milestone in the Government vision of ensuring Atmanirbhar Bharat.

CIMS is a digital platform developed to streamline the reporting of coal imports, ensuring timely and accurate data for effective policy formulation and sectoral analysis. Coal importers are now required to register the details of their consignments in the CIMS portal on or prior to the arrival of shipments in the Port in India. To further promote ease of doing business and ensure uniformity across import monitoring platforms, the Ministry of Coal has rationalised the registration fee of the CIMS Portal.

The registration fee has been revised to a flat rate of ₹ 500 (Rupees Five Hundred only) per consignment, effective from 15th April, 2025. This replaces the earlier fee structure, which ranged from ₹ 500 to ₹ 1,00,000 per consignment, and rationalisation in registration fee aligns CIMS with similar Import Monitoring Systems such as the Steel Import Monitoring System (SIMS), Non-Ferrous Import Monitoring System (NFIMS), and Paper Import Monitoring System (PIMS)—all of which operate under a flat fee model.

Importers are required to obtain an Automatic Registration Number from the CIMS portal, which is to be quoted in the Bill of Entry at the time of customs clearance. The Ministry of Coal remains committed to facilitating trade, enhancing transparency, and streamlining regulatory processes to support India’s growing industrial and energy needs.

Ganz Tranformers net revenue increased from 71.55 million euros in 2023 to 110.65 million euros in 2024, representing a 55 percent year-on-year growth, operating profit nearly tripled, reaching 19.8 million euros, while net profit quadrupled from 4.45 million euros to 18.15 million euros.

Ganz Transformers and Electric Rotating Machines Ltd. closed the 2024 fiscal year with outstanding results. The company’s net revenue reached 110 million euros, while net profit rose to 18 million euros. The historic industrial manufacturer performed strongly not only in the domestic market but also internationally, with 42.34 percent of total revenue generated from exports. This marks the third consecutive year of revenue growth and positive financial results for the company.

Ganz’s net revenue increased from 71.55 million euros in 2023 to 110.65 million euros in 2024, representing a 55 percent year-on-year growth. Operating profit nearly tripled, reaching 19.8 million euros, while net profit quadrupled from 4.45 million euros to 18.15 million euros. Ganz has undergone a complete renewal in recent years, thanks to which it has now achieved significant progress in all three of its business divisions. The Service Division recorded the largest, two and a half times increase in sales revenue, the Rotating Machines Division doubled its sales revenue in 2024, while the Transformer Division line performed almost one and a half times better in this indicator compared to 2023.

Ganz’s strategic goal is to further strengthen its international presence in the coming years. In 2024, the company’s strongest performance came from Europe, with 32 percent of revenue originating from EU markets. These results confirm that Ganz can operate efficiently from its domestic base while successfully expanding its global footprint. Today, Ganz products can be found in most European countries, and the company has also established a presence in the Middle East and Southeast Asia.

The company’s expansion is also reflected in employment figures: Ganz hired over 100 new employees in 2024, bringing its total headcount to more than 620 by year-end. This not only supports Ganz’s long-term growth trajectory but also contributes significantly to the economic development of eastern Pest County in Hungary, where its manufacturing base in Tápiószele is located.

“Our goal is to build a company that, leveraging the strong legacy of the Ganz brand and a commitment to continuous innovation, can become a top-tier manufacturer of transformers and rotating machinery both domestically and internationally. Closing our third consecutive profitable financial year in 2024 opens the door to further opportunities and new markets. We are confident that 2025 will bring even more exceptional results and achievements” – said Gergely Gál, Managing Director of Ganz Transformers and Electric Rotating Machines Ltd.

Ganz continues to prioritize sustainability and the optimization of its manufacturing processes. In spring 2025, the company completed construction of a solar power plant and energy storage system, enabling plant in Tápiószele to operate exclusively on self-generated green energy on certain days—cutting carbon emissions by around 40 percent.

These outstanding financial results reflect not only the success of the past year but also the effectiveness of Ganz’s long-term strategic direction. They lay the foundation for future developments and further strengthen the company’s position in the energy sector and the global green energy transition. Ganz aims to be a reliable and indispensable global player in addressing tomorrow’s industrial and energy challenges, building on more than 140 years of experience and innovation to help shape a sustainable future.

Tata Power Renewable Energy Limited (TPREL)’s total renewable utility capacity has reached 10.9 GW. Currently, 5.5 GW of this capacity is operational, comprising 4.5 GW of solar and 1 GW of wind energy.

Tata Power Renewable Energy Limited (TPREL), has signed a Power Purchase Agreement (PPA) with NTPC Limited (NTPC), India’s largest integrated power company to develop a 200 MW Firm and Dispatchable Renewable Energy (FDRE) Project. The project, spread across multiple locations in India is set to be completed within 24 months and is expected to generate approximately 1,300 million units (MUs) of electricity annually, mitigating over 1 million tons of carbon dioxide emissions per year. The project was won by TPREL based on competitive bidding and would consist of solar, wind and BESS technologies. A key feature of this initiative is the commitment to a 4 hour peak power supply, ensuring at least 90 percent availability during peak demand hours to support the growing energy needs of Distribution Companies.

This collaboration reinforces TPREL’s position as a leader in India’s renewable energy sector with hybrid and complex renewable projects, consisting of Solar, Wind and battery storage. With a steadfast commitment to sustainability and innovation, the Company continues to drive forward India’s mission of a greener and more resilient clean energy future. With this project, TPREL’s total renewable utility capacity has reached 10.9 GW. Currently, 5.5 GW of this capacity is operational, comprising 4.5 GW of solar and 1 GW of wind energy. Additionally, 5.4 GW is under various stages of implementation, evenly split between 2.7 GW of solar and 2.7 GW of wind projects. These ongoing projects are expected to be completed in phases over the next 6 to 24 months in a staggered manner.

The company signed a 25-year Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI) for a 150 MW solar project integrated with Energy Storage System (ESS) in the state of Rajasthan.

BluPine Energy, announced the signing of a 25-year Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI) for a 150 MW solar project integrated with Energy Storage System (ESS) in the state of Rajasthan. The agreement was formally signed as part of SECI’s initiative to procure 2,000 MW of power generated from ISTS-connected Solar Power Projects with 1,000 MW/4,000 MWh Energy Storage Systems.

The solar power project will be established in Bikaner district in Rajasthan. This project is part of India’s ambitious target to achieve 500 GW of non-fossil-based installed energy capacity by 2030. “We are deeply committed to powering India’s decarbonisation journey through reliable, round-the-clock renewable energy. The PPA with SECI highlights our ability to pivot with agility as India’s renewable powered grids become resilient. Our 150 MW solar project with integrated energy storage in Rajasthan is designed to deliver firm and dispatchable clean power addressing intermittency and enhancing grid stability. By integrating cutting-edge solar technology with advanced storage solutions, we are not only meeting today’s energy demands but also shaping a sustainable energy future for India,” said Neerav Nanavaty, CEO, BluPine Energy.

The Ministry of Power’s mandate for energy storage integration in February 2025, is specifically designed to resolve intermittency issues and provide critical support during peak demand hours, ensuring grid stability, reliability, and optimal energy utilisation. The project was secured through SPV Solarcraft Power India 8 Private Limited through competitive bidding.

With this expansion, the company becomes 6.6 GWp strong in PV modules and 2.5 GWp in solar cells.

Emmvee announced the inauguration of its new facility at Sulibele, near Bengaluru International Airport, Karnataka. With this expansion, the company adds 2.0 GWp module capacity to become around 6.6 GWp strong in PV modules and 2.5 GWp in solar cells.
Speaking on the occasion, D.V Manjunatha, Chairman and Managing Director, said, “This is yet another step in the company’s dedication to supporting India’s renewable energy goals and achieving solar manufacturing self-reliance.”
The new manufacturing unit covers nearly 4 lakh square feet and will accommodate more than 500 new team members, including core engineering professionals, senior management, factory operations, and administrative staff. Emmvee currently has a workforce of over 2,000, and the new hires will further add to its strength.
Suhas Donthi, President and CEO of Emmvee, added, “The new facility will bolster our production capacity, which will enable us to better service our customers. We are not merely increasing capacity but also enhancing our technological advancements and business operations. The unit is designed with advanced automation, multiple level of quality control and is versatile to produce different module sizes and formats.”
Currently, within India’s renewable energy landscape, solar power leads the way with an installed capacity of 105.65 GW, playing a crucial role in India’s efforts to harness its abundant sunlight and reflecting the country’s increasing reliance on cleaner, non-fossil fuel-based energy sources.

EMPOWERPATH a Socomec India and Indo-French Chamber of Commerce & Industry (IFCCI) three year collaboration, will promote well-being through behaviour change sessions, counselling, hygiene education and mental health support to 500 individuals belonging to high-risk groups. 

Socomec India in collaboration with Indo-French Chamber of Commerce & Industry (IFCCI) has launched a game-changing CSR initiative – Project EMPOWERPATH – to uplift unserved communities. This innovative project will focus on Digital Literacy Training, Technical Skills Development, Health & Management Awareness for High-Risk Groups (FSW/HRG) and After-School Academic Support for Children of HRG & Female Sex Workers (FSW).

As part of the three-year collaboration with IFCCI, Socomec has pledged to refurbish and renovate school buildings in Noida and Gurugram. These efforts created physical infrastructures that foster a positive and conducive learning atmosphere.

On its latest CSR initiative, Meenu Singhal, Regional Managing Director of Socomec Greater India, said, “We are happy to collaborate with IFCCI for project EMPOWERPATH – an initiative that aligns with our mission of manufacturing of UPS and energy management solutions while ensuring that our skill development programs create a workforce that meets industry demands. By providing access to these initiatives, we are not just creating job opportunities—we are transforming lives and empowering individuals to take charge of their future. Together with IFCCI, we are helping marginalised communities unlock their potential and thrive in tomorrow’s workforce.”

This project will empower 120 individuals with essential digital skills and 120 others with industry relevant technical skills to enhance employability and financial independence. EMPOWERPATH will promote well-being through behaviour change sessions, counselling, hygiene education and mental health support to 500 individuals belonging to High-Risk Groups.  After school academic support will be given to 80 children of High-Risk Groups and Female Sex Workers, strengthening their educational foundations.

“At Socomec, we are deeply committed to building stronger, more inclusive communities,” said Nida Khanam, Head of Human Resources at Socomec Greater India. “Through our partnership with IFCCI, the EMPOWERPATH initiative focuses on equipping individuals with the tools they need to thrive—whether it’s through digital literacy, technical skill development, or academic support for children from high-risk groups. We’re also prioritising the health and well-being of High-Risk Groups by addressing mental health, hygiene, and behavior change. With over 800 individuals set to be impacted in Dwarka and Najafgarh, this is a meaningful step towards sustainable, community-led progress—and we look forward to expanding this initiative to other regions in the near future.”

Payal S. Kanwar, Director General, Indo-French Chamber of Commerce & Industry (IFCCI), said, “We are delighted to partner with Socomec on the EMPOWERPATH project, supporting education for children of High-Risk Groups, promoting health awareness, and fostering youth skill development with our NGO partner, Indian Society for Applied Research & Development (ISARD). Aligned with key UN SDGs, this initiative empowers underserved communities, creating opportunities for a brighter future.”

The initiative is aimed at curbing the issue of duplicate serial numbers and ensuring the use of domestically produced solar components.

The Ministry of New and Renewable Energy (MNRE) has integrated the Domestic Content Requirement (DCR) portal with the National Portal of the PM Surya Ghar Muft Bijli Yojana. The initiative is aimed at curbing the issue of duplicate serial numbers and ensuring the use of domestically produced solar components.
The scheme which targets the installation of one crore rooftop solar systems across residential households in India, mandates the use of solar modules manufactured in India using Indian-made solar cells in accordance with the DCR policy.
MNRE has directed all stakeholders to upload installation data from January 1, 2024, onwards to this portal. Starting December 1, 2024, any solar PV module whose DCR credentials cannot be verified on the portal will be deemed ineligible under major government schemes, including the CPSU Scheme Phase-II, PM Surya Ghar Muft Bijli Yojana and PM-KUSUM.
This integration is expected to strengthen compliance with DCR norms and bolster the government’s push for self-reliance in the renewable energy sector.

A key achievement of the government has been the expansion of exploration activity, with the explored area of India’s sedimentary basins increasing from 6 percent in 2014 to 10 today, with a target of reaching 15 percent. 

India is heading towards the energy security goals. With it currently reliant on imports for 88 percent of its crude oil and 50 percent of its natural gas needs, the urgency for domestic exploration and production has never been greater. The Petroleum Minister Hardeep Singh Puri emphasised the urgency of domestic exploration while addressing the Open Acreage Licensing Policy (OALP) Round-IX and Special Discovered Small Field (DSF) Signing Ceremony. He pointed out, “In the next two decades, 25 percent of the world’s incremental energy demand growth will come from India.” 

He said that the Indian hydrocarbon sector is entering a new era of accelerated exploration and development, highlighting that through investor-friendly reforms, swift approvals, scientific exploration, and a strong emphasis on sustainability, India is steadily building a resilient and future-ready energy ecosystem aligned with the vision of Viksit Bharat.

Addressing the esteemed gathering of dignitaries, industry stakeholders, and investors, Puri noted that today’s signing ceremony signifies much more than the completion of a procedural formality—it is a powerful testament to India’s unwavering commitment to reducing its import dependence and securing its energy future.

Reflecting on the past, Puri acknowledged the challenges the Indian upstream sector faced between 2006 and 2016—a “dull decade” marred by policy paralysis and procedural delays, leading to the exit of global energy giants like BG, ENI, and Santos. However, the tide has turned. “We were determined to unlock India’s untapped energy potential, estimated at approximately 42 billion tonnes of oil and oil equivalent of gas,” he said.

To that end, the Government has implemented a series of transformative reforms over the past decade. A key achievement has been the expansion of exploration activity, with the explored area of India’s sedimentary basins increasing from 6 percentt in 2014 to 10 today, with a target of reaching 15 percent. The Minister reiterated the commitment to increasing exploration acreage to 1 million sq. km by 2030, highlighting the dramatic 99 percent reduction in “No-Go” areas within India’s Exclusive Economic Zone (EEZ).

Scientific, data-driven exploration has been a cornerstone of this strategy, backed by a ₹7,500 crore investment into new seismic data acquisition, aerial surveys in remote terrains, and stratigraphic wells. Importantly, geo-scientific data is now available for major basins on both coasts, with the National Data Repository being upgraded to a cloud-based platform to ensure faster, transparent access to seismic, production, and well data.

The Minister proudly noted that 76 percent of the total area currently under exploration has been brought under active exploration only since 2014. Under OALP Round-IX alone, 28 blocks across eight sedimentary basins have been awarded, covering 1.36 lakh square kilometers—38 percent of which fall in areas previously designated as “No-Go.” Additionally, two blocks were awarded under the Special DSF Round, with a total of 60 bids received.

“Congratulations to all the awardees. Your success will play a pivotal role in meeting our increasing energy demands as India continues its ascent as one of the world’s largest energy consumers,” Puri said.

Looking ahead, the Minister announced that OALP Round-X has already been launched at the India Energy Week 2025, offering 25 blocks across 13 sedimentary basins—covering the largest-ever acreage of 1.92 lakh square kilometers, with 51 percent falling in previously restricted zones.

Furthermore, DSF Round-IV is being launched tonight, comprising 55 discoveries across nine contract areas with estimated reserves of 258.59 million metric tonnes of oil equivalent (MMTOE).All blocks have undergone rigorous technical vetting by global experts, and critically, all relevant data is being made freely available to potential investors.

He also shared that under previous DSF Bid Rounds (I, II, and III), a total of 85 Revenue Sharing Contracts covering 175 fields have been awarded.

Highlighting the potential in unconventional hydrocarbon sources, Puri elaborated on India’s Coal Bed Methane (CBM) assets, currently estimated at 2,600 BCM. With 15 active CBM blocks—five already under production—the Government is preparing to launch a Special CBM 2025 Round to offer three new blocks (two in West Bengal and one in Gujarat), further diversifying India’s energy portfolio.

In a major legislative update, the Minister announced that the amended Oilfields (Regulation and Development) Act, 1948 (ORDA), will come into effect in April 15, 2025. This “landmark reform” modernises India’s upstream regulatory framework and aligns it with international best practices.

The Government has also been responsive to industry concerns through the establishment of a Joint Working Group (JWG) comprising private E&P operators, National Oil Companies, the Ministry of Petroleum and Natural Gas, and the Directorate General of Hydrocarbons. “The JWG has submitted its report, and we are formally launching it this evening,” Puri announced.

In a move towards inclusive governance and legal clarity, the Minister also launched the draft PNG Rules Public Consultation Portal, encouraging industry and public stakeholders to share feedback. These rules will help shape future Model Revenue Sharing Contracts and streamline sectoral regulations.

Hosted by TAQA, the event is to take place from 27–29 May 2025 in Abu Dhabi spanning more than 20000 square meters of exhibition space. The event will showcase advancements across the entire utilities value chain including power generation, transmission and distribution, water management, energy efficiency and sustainable mobility.

The World Utilities Congress 2025, hosted by TAQA, is set to take place from 27–29 May 2025 in Abu Dhabi. As the premier global gathering for the power and water utilities sector, the event will serve as a dynamic platform fostering cross-sector and cross-border collaboration among key industry players. It is expected to attract over 18,000 international attendees, uniting decision-makers, innovators, and stakeholders from around the world to shape the future of the utilities industry.

Spanning more than 20,000 square meters of exhibition space, the event will showcase advancements across the entire utilities value chain, including power generation, transmission and distribution, water management, energy efficiency, and sustainable mobility. The exhibition will feature cutting-edge technologies, products, and solutions from global utilities and service providers, offering participants opportunities to discover the latest innovations driving operational excellence and sustainability.

The Congress will host over 120 conference sessions, featuring 500+ speakers comprising government ministers, policymakers, C-suite executives, and industry pioneers. These sessions are designed to inspire dialogue, promote knowledge exchange, and encourage strategic partnerships that can lead to real-world impact. Through a combination of keynote speeches, panel discussions, technical deep-dives, and networking forums, the Congress aims to address the most pressing challenges and emerging opportunities shaping the global utilities landscape.

The Strategic Conference will focus on high-level discussions surrounding critical industry trends, innovative business models, and large-scale sustainable solutions. It will provide valuable insights into the evolving energy and water landscape, with a spotlight on efficiency, resilience, decarbonisation, and digital transformation. Delegates can expect to explore how utilities can enhance grid flexibility, integrate renewable energy sources, advance digital infrastructure, and ensure long-term energy and water security in the face of climate change and rising demand.

Complementing this, the Technical Conference will bring together subject-matter experts, engineers, and researchers to present the latest scientific advancements, case studies, and technological innovations in the utilities sector. Sessions will delve into core topics such as smart grid integration, water reuse and desalination technologies, hydrogen and clean fuels, energy storage, and sustainable infrastructure development. This segment will also highlight how digital tools such as AI, IoT, and data analytics are transforming utility operations and enabling smarter, more responsive systems.

Beyond its content-rich agenda, the World Utilities Congress will serve as a powerful networking hub, enabling participants to connect with peers, investors, and technology providers. It offers a fertile ground for forging strategic alliances, exploring investment opportunities, and initiating transformative projects that support the transition to a low-carbon, resource-efficient, and inclusive energy future.

With the utilities sector at the forefront of global efforts to combat climate change, ensure energy access, and build resilient communities, the World Utilities Congress 2025 will play a crucial role in shaping policies, accelerating innovation, and fostering the partnerships needed to create a more sustainable world.

The company’s core product lineup spans 1–320kW string inverters, 3–20kW solar energy storage inverters, storage batteries and photovoltaic system accessories.

SOFAR celebrated a major milestone as Chairman Xu Tao rang the opening bell at the Shenzhen Stock Exchange, officially marking the company’s listing on the ChiNext Board under the stock code 301658.

The ceremony was attended by representatives from government agencies, financial intermediaries, business partners, and other distinguished guests, underscoring the significance of the event. The successful listing signals SOFAR’s formal entry into the global capital markets and represents a key step forward in aligning its technological innovations with financial growth.

As the world accelerates toward a low-carbon future, SOFAR’s listing also highlights the company’s ongoing dedication to supporting China’s “Dual Carbon” goals and the global energy transition. The capital raised will enable SOFAR to further expand its research and development efforts, enhance product offerings, and solidify its position in the international renewable energy sector.

A Journey of Technological Excellence and Global Growth

Established in 2013, SOFAR has dedicated itself to solar power conversion, storage, and management. Its core product lineup spans 1–320kW string inverters, 3–20kW solar energy storage inverters, storage batteries, and photovoltaic system accessories, delivering comprehensive energy solutions to residential, commercial, industrial, and large-scale ground-mounted solar power facilities.

Driven by China’s “Dual Carbon” objectives and the expanding global need for low-carbon energy, solar power and other green solutions have experienced rapid adoption worldwide. As an early champion of clean energy, SOFAR continues to lead in this transformative era by providing reliable, high-quality green solutions. By June 2024, its global inverter shipments exceeded 34GW, achieving a compound annual growth rate of over 100% between 2020 and 2022. Through robust product quality and comprehensive solar-plus-storage offerings, SOFAR has secured a top-five ranking among Chinese photovoltaic inverter brands and global energy storage inverter brands, and has been recognised as a “TOP BRAND PV” by EUPD Research in India, Poland, the UK, Italy, Brazil, and Australia.

Building a Green, Low-Carbon Future Globally

SOFAR maintains a competitive global advantage through its cohesive approach to product innovation, technological leadership, market expansion, and customer service. The company operates three worldwide R&D centers and two major manufacturing bases, with a global supply chain that reaches over 100 countries and regions. To better meet the needs of diverse markets, SOFAR has established localized service platforms in more than 20 countries, including the UK, Poland, and Germany, complemented by after-sales service centers in Poland and the Czech Republic and a warehousing hub in the Netherlands. This localised strategy, supported by global roadshows, multinational exchange summits, specialised recruitment programs, and digital service platforms, has resulted in a three-tier service system—headquarters, regional, and local—which enhances agility in capturing market opportunities and mitigating regional fluctuations. Currently, over 95% of SOFAR’s overseas workforce comprises local talent.

Investing in Innovation for a Sustainable Future

While broadening its global footprint, SOFAR is also embracing the rise of energy digitization by boosting its investment in research and development. As of June 2024, more than 25% of SOFAR’s employees are dedicated to R&D, and the company holds 250 authorised patents, including 105 invention patents, 94 utility model patents, and 51 design patents. This firm commitment to technological innovation continues to propel the industry toward more sustainable development.

A New Chapter in Capital Market Development

SOFAR’s successful listing on the ChiNext Board stands as a testament to its unwavering pursuit of excellence over the past 12 years, from the launch of its first photovoltaic inverter to its complete portfolio of solar energy storage solutions. Now active in over 100 countries and regions, SOFAR has emerged as a robust and self-assured force in the global green energy landscape.

Looking ahead, the company will continue to prioritise technological innovation and execute on a worldwide growth strategy. By harnessing capital market resources, SOFAR plans to accelerate its expansion in the renewable energy sector, strengthen collaboration and innovation with partners across the value chain, and foster the responsible, orderly development of the solar energy storage industry. At the same time, SOFAR remains steadfast in fulfilling its social responsibilities, contributing actively to the global transition toward clean energy and sustainable development.

The firm’s skilling initiative trains 904 rural youth—over 45% women across four states in solar energy offering certified training, job placement and promoting inclusive sustainable livelihoods in clean energy.

BluPine Energy launched four new Skill Development Training Centres (SDTCs) in Bhavnagar district, Gujarat. These newly opened centres are part of the company’s broader mission to bridge the rural–urban skill gap in the clean energy sector and enable sustainable livelihoods for local communities.

Since inception, BluPine’s Skill Development Training Centres (SDTCs) have benefitted 904 individuals across three phases.

In the first phase of the SDTC rollout, 140 beneficiaries from Patan and Banaskantha districts in Gujarat completed the programme. The second phase expanded to include 316 trainees from Surendranagar, Ahmedabad, and Patan in Gujarat, as well as Mungeli district in Chhattisgarh. The third phase, currently underway, has enrolled 448 beneficiaries from Raichur in Karnataka, Jodhpur in Rajasthan, and Banaskantha and Bhavnagar in Gujarat.

Of the total 904 enrollees, 456 have completed training, and 448 are presently undergoing the programme. From the total cohort, 402—or 45%—of the participants are women, reflecting BluPine’s strong commitment to gender parity in rural skilling—a significant milestone in a traditionally male- dominated sector.

“Future readiness through vocational salience is a key requisite in building resilient communities while advancing India’s renewable energy ambitions. By equipping rural youth—especially women—with the skills required for a green economy, the training centres are catalysts towards creating a broad-based skill availability that is currently skewed between rural and urban India,” said Sumit Barat, Chief Sustainability Officer, BluPine Energy.

“Clean energy must empower not just the grid—but also the grassroots. These vocational training centres reflect our strategic commitment, along with Actis, to drive long-term economic impact by equipping rural communities—especially women—with the skills needed to participate meaningfully in India’s energy transition,” said Neerav Nanavaty, Chief Executive Officer, BluPine Energy.

The new centres, located in the villages of Tana, Varal, Bhakhal, and Mamsi, have enrolled 124 students, with the cohort expected to graduate by September 2025.

The six-month training programme, led by certified professionals, combines classroom learning with hands-on experience in electrical work, solar panel installation, system maintenance, and troubleshooting.

Graduates receive government-recognised certifications and are supported by BluPine Energy’s dedicated placement team to secure jobs within the company, as well as in the renewable energy industry and allied sectors. The training is facilitated by professionals with more than three years of on-field experience in electrical engineering.

BluPine’s placement team is actively collaborating with clean energy companies and local industries to facilitate employment for the trained cohort.

The programme has, to date, yielded an 82 percent placement success rate, enabling students— including many women—to secure employment in clean energy roles and supplement the talent pipeline for India’s green jobs sector. This vocational skilling initiative reflects BluPine Energy’s commitment to creating long-term social value while contributing to India’s clean energy goals. By expanding into more villages and empowering communities with job-ready skills, the company is fostering sustainable livelihoods alongside climate progress.

The authority has ambitious plan to concur minimum 13 PSP of 22 GW for 2025-26.

The Central Electricity Authority (CEA) has accorded concurrence to Detailed Project Reports (DPRs) for six Hydro Pumped Storage Projects (PSPs) with a total capacity of approximately 7.5 GW during 2024–25.

The approved projects include Upper Indravati (600 MW) in Odisha, Sharavathy (2,000 MW) in Karnataka, Bhivpuri (1,000 MW) and Bhavali (1,500 MW) in Maharashtra, MP-30 (1,920 MW) in Madhya Pradesh, and Chitravathi (500 MW) in Andhra Pradesh.

The achievement is the result of coordinated efforts between PSP developers and key appraising agencies such as the Central Water Commission (CWC), Geological Survey of India (GSI), and Central Soil and Materials Research Station (CSMRS). Several innovative steps were taken to streamline the appraisal process, including the introduction of the “Jalvi Store” Portal, a simplified DPR format, and a standardised checklist to facilitate faster and more transparent submissions. These efforts have been especially impactful in promoting the development of Off-Stream, closed-loop PSPs—a relatively new concept in India.

Looking ahead, the CEA has set an ambitious target to approve at least 13 PSPs with a combined capacity of about 22 GW during 2025–26. These projects are expected to be commissioned within four years, with the latest completion timeline by 2030. This accelerated development is expected to drastically boost the country’s energy storage capacity, enhance grid stability, and support India’s renewable energy goals.

The private sector’s growing interest in this segment has further unlocked massive potential, with self-identified PSP capacity now exceeding 200 GW and continuing to rise. From a modest base of 3.5 GW of operational PSP capacity, the country aims to commission around 3,000 MW this year and scale up to approximately 50 GW by 2032. Currently, eight projects (10 GW) are under construction, DPRs for three projects (3 GW) have been cleared, and 49 more projects with a combined capacity of 66 GW are under survey and investigation, with DPRs expected to be finalised within two years. Hydro PSPs are crucial to the energy transition, allowing excess electricity generated during off-peak hours to be stored as water in elevated reservoirs and utilised during peak demand periods.

With operational lifespans of 70–80 years, these projects also offer a highly attractive long-term investment opportunity, reinforcing the CEA’s commitment to building a sustainable, flexible and resilient power system for the future.

The conglomerate will diversify and commence manufacturing of key component which includes solar cells and modules, storage battery cells and assembly and solar glass with an investment to the tune of ₹15,000 crore by 2030.

BC Jindal Group announced its strategic entry into component manufacturing for renewable energy power generation. The group aims to achieve capacity additions  with investments to the tune of ₹15,000 crore by 2030.

In a move to expand its business portfolio, the BC Jindal Group will diversify and commence manufacturing of key component which includes solar cells and modules, storage battery cells, and assembly and solar glass. In the first phase of the project, the group aims to deploy an investment of Rs 4,000 crore to kickstart its renewable energy component manufacturing venture. This phase will include setting up 2 GW of solar cell manufacturing/ solar module production, 4 GWh of battery storage capacity, and a solar glass manufacturing unit with a capacity of 1,200 tonnes per day.

Commenting on the announcement, Spokesperson, BC Jindal Group, said, “Our foray into the renewable energy component manufacturing sector is a reflection of our unswerving commitment towards supporting India’s vision of installing 500 GW of renewable energy capacity by 2030. At BC Jindal, we foresee a rising demand for end-to-end products and plan to leverage our expertise in the renewable energy space to offer sustainable solutions.”

The conglomerate announced that it has shortlisted the states of Maharashtra and Gujarat to set up state-of-the-art production facilities for renewable energy equipment manufacturing.

“Approximately 40 per cent of the manufacturing output is likely to be captively consumed for our renewable energy generation projects,” the spokesperson added. 

Recently, the BC Jindal Group’s JIRE secured a 300 MW solar-plus-battery energy storage project (BESS) from NHPC, signalling its expertise in large-scale renewable projects. It has also announced plans of exploring strategic acquisitions of operational and pipeline or platform renewable energy assets across India and globally. 

Last year, the group has launched its renewable energy arm, Jindal India Renewable Energy (JIRE), with an aim to generate 5 GW of power through solar, wind, hybrid, and FDRE (Firm & Dispatchable Renewable Energy) solutions to boost the country’s decarbonisation goals and support its transition to clean energy.

Towards this end, the BC Jindal Group plans to invest $2.5 billion in the renewable energy sector over the next five years to meet India’s growing energy demand while enhancing grid stability through battery energy storage systems. Additionally, JIRE is strengthening its presence in renewable energy-rich states by developing projects connected to Central Transmission Utility (CTU) and State Transmission Utility (STU) networks. This will cater to both utility-scale buyers and commercial & industrial (C&I) customers looking for reliable green energy solutions.

The company signed a power purchase agreement with NTPC to supply 200 MW of on-demand renewable energy, using 600+ MW hybrid solar, wind and storage assets to meet UP Discoms peak demand.

Serentica Renewables signed a Power Purchase Agreement (PPA) with NTPC Limited for the supply of 200 MW of Firm Dispatchable Renewable Energy (FDRE) to Uttar Pradesh’s distribution companies (DISCOMS). The project will utilise hybrid solar, wind, and battery storage assets across multiple states, ensuring on-demand renewable power during the state’s critical morning and evening peak hours.

The project will be developed across several states, utilising Serentica’s state-of-the-art hybrid renewable energy infrastructure. The integration of large-scale energy storage ensures the availability of renewable power even during periods of low generation. This reliable power supply is expected to reduce the reliance on conventional thermal power, contributing to a greener, more sustainable energy mix for Uttar Pradesh.

Akshay Hiranandani, CEO of Serentica Renewables, said, “This agreement exemplifies our commitment to providing reliable and sustainable renewable energy solutions. By integrating solar, wind, and advanced storage technologies, we can offer Uttar Pradesh a consistent, firm energy supply, particularly during times of high demand, contributing to the state’s energy transition goals. Our FDRE model ensures that we can deliver clean energy when it’s most needed, contributing to the state’s energy transition”

Serentica’s firm dispatchable renewable energy (FDRE) solution aims to provide reliable, cost-effective green power to India’s industrial and commercial sectors, addressing the intermittency challenges of renewable energy. By leveraging advanced technologies, Serentica enables a stable transition to clean energy for industries, playing a crucial role in India’s net-zero ambitions.

The new orders fall under the company’s core area of expertise i.e in the transmission and distribution (T&D) segment.

Transrail Lighting Limited has commenced FY26 on a strong note by securing fresh orders worth ₹1,085 crore in the domestic Transmission and Distribution (T&D) segment. The new orders, which fall under the company’s core area of expertise, mark a significant milestone in its growth journey and further consolidate its position in the power infrastructure sector.

Commenting on the development, Randeep Narang, Managing Director and CEO of Transrail Lighting Limited, said, “We are pleased to begin the financial year with this new order in our core T&D segment. This addition reinforces our position in the market and aligns with our strategic focus on continued growth. We remain committed to maintaining operational excellence and ensuring timely project delivery.”

Transrail Lighting has built a robust reputation for delivering end-to-end solutions in the T&D space, including engineering, procurement, and construction (EPC) of transmission lines, substations and railway electrification projects. The new order win is expected to bolster the company’s order book significantly and provide sustained revenue visibility in the near term.

This development underscores the increasing demand for power infrastructure and the government’s ongoing investments in strengthening India’s transmission network. With a proven track record and a strong execution team, Transrail Lighting is well-positioned to capitalise on emerging opportunities in the sector.

As the company steps into the new financial year, it aims to leverage its technological expertise and project management capabilities to ensure quality execution and client satisfaction, further reinforcing its role as a key player in T&D ecosystem of the country.

Kosol has achieved a significant milestone with its Category-1 Certification and approval as a trusted supplier by NTPC, ensuring the highest standards of reliability and performance in its products.

Kosol Energie secured a 400MW photovoltaic (PV) module supply order through Zetwerk, as part of a 1,515MWp PV module order for NTPC’s Khavda Solar Project in Gujarat. This achievement reinforces Kosol Energie’s position as a leading player in India’s solar sector, contributing to the country’s clean energy transition.

Kosol achieved this milestone with its Category-1 Certification and approval as a trusted supplier by NTPC, ensuring the highest standards of reliability and performance in its products. The company’s solutions are designed to withstand the toughest conditions, including those in Khavda, thanks to their state-of-the-art quality standards. With a focus on optimising efficiency, the firm uses 550W bifacial modules for tracker-mounted systems, enhancing power generation and overall system performance. The company also boasts a rigorous in-house testing facility to ensure that its products meet the highest industry standards. In addition, Kosol’s adherence to MNRE and ALMM compliance aligns with India’s vision of self-reliance and the ‘Make In India’ initiative, contributing to the growth of the nation’s solar manufacturing sector.

Expanding Manufacturing and Industry Leadership

Kosol Energie has strengthened its industry presence by expanding its solar panel manufacturing capacity to 3.1 GW with a fully automated facility, adhering to world-class manufacturing standards. With a strong foothold in the renewable energy sector, Kosol Energie has installed 2.2 GW of solar power across residential, commercial, and industrial segments in India and the USA, Europe and Africa.

Driving India’s Green Energy Future

Kosol Energie’s contribution ensures a high-quality, reliable module supply for large-scale solar projects, aligning with PM Modi’s vision of ‘Atamnirbhar Bharat’ and MNRE’s renewable energy goals. As the demand for locally manufactured, MNRE-approved and BIS & ALMM-compliant solar modules continues to rise, Kosol Energie remains at the forefront of innovation and sustainability propelling India toward a cleaner, energy-efficient future.

The software, STELLAR, designed to assist in preparing dynamic and robust Resource Adequacy (RA) plans in alignment with the guidelines issued by the Ministry of Power in June 2023 has been developed entirely in India under the active guidance of the Central Electricity Authority (CEA) and will be distributed free of cost to all Discoms.

The Central Electricity Authority (CEA) launched an indigenously developed Integrated Generation, Transmission and Storage Expansion Planning Model with Demand Response. This comprehensive Resource Adequacy Tool was officially unveiled by Ghanshyam Prasad, Chairperson of CEA, in the presence of Alok Kumar, former Power Secretary and current partner at The Lantau Group (TLG), along with key representatives from State Power Utilities.

The software, developed entirely in India under the active guidance of CEA, is being distributed free of cost to all States and Distribution Companies (Discoms). It is designed to support the preparation of dynamic and robust Resource Adequacy (RA) plans aligned with the guidelines issued by the Ministry of Power in June 2023.

Since the release of the RA Guidelines, CEA has taken the lead in formulating RA plans for all Discoms, initially up to 2032 and now extended to 2034–35. A national-level RA plan for the same period has also been completed. With annual updates mandated, the development of a common planning tool aims to simplify the process and encourage consistent, data-driven decision-making across the country.

The newly launched model simulates the chronological operation of the power system, factoring in detailed unit commitment constraints such as ramp rates, minimum up/down times, and technical minimums. It also integrates demand response mechanisms, allowing consumer behaviour to directly influence system planning. Key features include optimisation of generation and operational costs, support for ancillary services planning, and strategic guidance for energy storage sizing and placement.

With these capabilities, the tool promises to ensure zero load shedding, eliminate stressed capacity, and promote least-cost power system solutions. It is expected to significantly enhance system reliability, operational efficiency, and cost-effectiveness.

The development of this model was supported through a Technical Assistance programme involving CEA, The Lantau Group (TLG), and the Asian Development Bank (ADB). CEA has committed to continuously upgrade the tool based on user feedback from Discoms and load despatchers, ensuring its relevance and effectiveness in the evolving power sector landscape.

From achieving 10% ethanol blending ahead of schedule in 2022 to reaching a remarkable 19.6% blending in January 2025, India has demonstrated its capability to scale clean energy solutions rapidly according to a recently released ‘Thought Leadership Report.

India’s ethanol sector has emerged as a global clean energy success story by reaching nearly 20 percent ethanol blending in petrol—well ahead of its 2025 target. A recently released ‘Thought Leadership Report,’ along with a subsequent roundtable conference organised by Primus Partners in collaboration with the Grain Ethanol Manufacturers Association (GEMA) and the Indian Federation of Green Energy (IFGE), lays out a strategic roadmap. This roadmap underscores ethanol’s critical contribution to India’s goals of enhancing energy security, fostering rural development and advancing climate action. The report advocates for increased policy support, enhanced stakeholder collaboration and significant investments in technology—especially for grain-based sources such as maize and surplus rice—to drive the next phase of growth in ethanol blending.

A Platform for Progress

From achieving 10 percent ethanol blending ahead of schedule in 2022 to reaching a remarkable 19.6% blending in January 2025, India has demonstrated its capability to scale clean energy solutions rapidly. The ethanol blending initiative has already saved over Rs. 1.08 lakh crore in foreign exchange, substituted nearly 185 lakh metric tonnes of crude oil, and reduced 557 lakh metric tonnes of CO₂ emissions. The report also addressed myths around India’s food security, showing it is a grain surplus country which can cater to the needs of food and ethanol production without causing scarcity. Every year, India has a surplus of around 165 lakh metric tonnes of grain that could be used for ethanol.

Charting a Sustainable Path Forward

The Thought Leadership Report identifies grain-based ethanol, particularly from maize and surplus grains like broken rice, as a key lever for sustainable expansion. It emphasises the environmental and economic advantages of maize—India’s least water-intensive feedstock with strong ethanol conversion efficiency. The report projects that 165 Lakh Metric Tons of surplus grain could be utilised annually to generate over Rs. 35,000 crores in direct payments to farmers, reinforcing rural prosperity and arresting urban migration.

However, to maintain this momentum, the sector faces several critical challenges. One of the primary concerns is the availability and pricing of feedstock, particularly with the rising costs of maize and increasing competition from other sectors for the same resources. Additionally, ethanol procurement prices have not kept pace with the escalating costs of feedstock, putting financial strain on producers. Compounding these issues is the decline in by-product margins, such as those from Distiller’s Dried Grains with Solubles (DDGS), which further impacts the overall viability and profitability of distillery operations.

The roundtable and accompanying report emphasise the need for urgent, actionable policy reforms to address the sector’s challenges and ensure sustainable growth. Key recommendations include scaling up maize cultivation nationwide to secure a stable and sufficient feedstock supply. Additionally, the introduction of dynamic pricing for grain-based ethanol is proposed to better align procurement prices with fluctuating feedstock costs. To bridge the gap until maize production is adequately scaled, the report advocates for an uninterrupted supply of damaged, broken, and surplus rice from the Food Corporation of India (FCI). Furthermore, promoting robust domestic market linkages for ethanol by-products such as Distiller’s Dried Grains with Solubles (DDGS) is essential to enhance the economic viability of ethanol production.

The report release was followed by a roundtable conference organised by Primus Partners, in partnership with Grain Ethanol Manufacturers Association (GEMA) and IFGE (Indian Federation of Green Energy). Herein various industry experts and policy leaders—including His Excellency Ambassador Kenneth H. da Nobrega, Brazilian Ambassador to India,  Ashwini Srivastava, Joint Secretary, Department of Food and Public Distribution, Vivek Shukla, Deputy Director General, Commission for Agricultural Costs and Prices (CACP), Ministry of Agriculture and Farmers Welfare Vaibhav Dange, Green Fuel Expert and Abhinav Singhal, Committee Head and Treasurer of Grain Ethanol Manufacturers Association—shared their perspectives on the path forward for grain ethanol. The panel discussed important issues, prospects, and workable solutions in order to support the industry and guarantee long-term success.

“We understand the current challenges of India’s grain ethanol story industry. There is a roadmap being planned; it will address multiple issues – feedstock availability and supply of broken and surplus rice from FCI, scope for E100/E93/E85, possibility of SAF (Sustainable Aviation Fuel), etc. We need to work together on this” Said Ashwini Srivastava, Joint Secretary, Department of Food and Public Distribution.

PM Modi initiative – “Ethanol Blending program (EBP)” is a great step forward by the GOI to ensure India’s future energy security, rural development, increasing farmer’s income manifold and reducing carbon footprint in the environment. In the last two years, Grain Ethanol Industry has grown & become the largest contributor to the EBP of India. Still, India being a Grain surplus country- the Grain Ethanol Industry requires timely support from Government of India with right policy initiatives & direction to grow and thrive in the future” said, Abhinav Singal, Treasurer, Grain Ethanol Manufacturers Association (GEMA).

“India’s ethanol success is a result of bold policy decisions and collaborative industry efforts.  The grain-based ethanol industry, in particular, holds immense potential to drive rural economic development, enhance farmer incomes, and ensure year-round ethanol production. It must be actively promoted through supportive policies, assured feedstock supply, and fair pricing mechanisms. This roundtable is a step toward building consensus among stakeholders and crafting actionable strategies that will ensure long-term sustainability and growth of the ethanol sector. IFGE remains committed to enabling a robust and future-ready ethanol ecosystem that supports India’s clean energy transition and national energy security.” Said Sanjay Ganjoo, Director General, IFGE (Indian Federation of Green Energy).

The Way Forward

This roundtable and the release of the Thought Leadership Report underscore the government’s commitment to a structured, strategic, and inclusive ethanol roadmap—one that harmonizes the interests of energy, environment, and rural India. Going forth, we eye E100, flex-fuel-vehicles, sustainable aviation fuel, etc. Given such ambitious goals, it is important the government and industry come together and shape a cleaner and prosperous future.

According to a report by DataIntelo the global thermal energy storage market size is projected to grow at a robust CAGR of 10.1% during the forecast period.

The global thermal energy storage market size was valued at approximately USD 4.5 billion in 2023 and is projected to reach around USD 10.7 billion by 2032, growing at a robust CAGR of 10.1% during the forecast period according to DataIntelo. This substantial growth can be attributed to the increasing demand for energy efficiency and renewable energy solutions, as well as the rising need for sustainable and cost-effective energy storage options. 

The global thermal energy storage (TES) market has been gaining significant momentum over recent years. This rise is driven by increasing demand for renewable energy integration, energy efficiency, and advancements in energy infrastructure. TES systems allow the storage of thermal energy for later use, making them essential in balancing energy demand and supply, particularly in solar power applications. They are also widely used in heating, ventilation, and air conditioning (HVAC) systems, as well as in industrial processes.

Thermal Energy Storage Market: Drivers

Several key factors are propelling the growth of the thermal energy storage market. Firstly, the growing need to reduce greenhouse gas emissions has led to a surge in the adoption of renewable energy technologies. TES plays a vital role in stabilising energy output from intermittent sources such as solar and wind. Additionally, governments and organisations across the globe are investing in modernising the energy grid, with TES being a critical component in achieving grid flexibility and resilience. Cost savings, enhanced energy efficiency, and energy security are further encouraging its adoption.

Technological Advancements

Innovations in TES technologies are expanding the market potential. The three primary types of TES systems are sensible heat storage, latent heat storage, and thermochemical storage. Sensible heat storage, using materials like water or molten salt, is currently the most commonly used due to its simplicity and reliability. However, latent and thermochemical storage systems are gaining popularity for their higher energy densities and improved performance in compact spaces. Research into phase change materials (PCMs) and new heat transfer fluids continues to improve efficiency and reduce costs.

Market Challenges

Despite its advantages, the TES market faces several challenges. High upfront installation costs and technical complexity can hinder widespread adoption. Additionally, the lack of standardised regulations and limited awareness in some regions may slow market growth. Addressing these challenges through policy support, research funding, and public-private partnerships is essential for sustaining the market’s upward trajectory.

Future Outlook

Looking ahead, the thermal energy storage market is expected to continue its expansion. The transition toward a more sustainable and decentralised energy system will require effective storage solutions like TES. With increasing integration of renewable energy and ongoing technological improvements, TES is set to play a crucial role in the global energy transition. Strategic investments, innovation, and supportive policies will be key to unlocking its full potential.

Thermal Energy Storage Market: Competitive Landscape

The competitive landscape of the thermal energy storage market is characterised by a mix of established players and emerging companies, each striving to capitalise on the growing demand for efficient and sustainable energy storage solutions. Major companies in the market are:

• Abengoa Solar
• Baltimore Aircoil Company
• BrightSource Energy
• Caldwell Energy Company
• Calmac Manufacturing Corporation
• Cryogel Thermal Energy Storage
• DN Tanks
• Duke Energy Corporation
• EDF Renewables

Prahlad Joshi in a review meeting in the state highlighted that under PM-KUSUM, the central government provides up to 90 percent subsidy, significantly reducing the cost burden on farmers adopting solar power. 

Uttar Pradesh has reaffirmed its commitment to achieving the ambitious target of 22 GW solar energy capacity in a high level meeting held in Lucknow. Union Minister for New and Renewable Energy, Pralhad Joshi addressed the meeting held to assess progress of the PM-KUSUM and PM Surya Ghar schemes in which UP Chief Minister Adityanath was present along with Energy Minister A.K Sharma and the Secretary to MNRE, Nidhi Khare.

The Union Minister, Joshi commended the state’s leadership in implementing the Central government’s flagship schemes, emphasising Prime Minister Narendra Modi’s vision of empowering farmers through clean energy. He highlighted that under PM-KUSUM, the Central government provides up to 90 percent subsidy, significantly reducing the cost burden on farmers adopting solar power.

Joshi also visited Duggaur village in Bakshi Ka Talab tehsil to inspect a solar pump project established under the PM-KUSUM C-1 scheme. Local farmer Mohammad Ahsan Ali Khan has installed an 11.2 kW on-grid solar power plant for his 7.5 HP irrigation pump. The ₹6.23 lakh project was largely funded through subsidies, with only ₹62,391 borne by the beneficiary. Since its installation, the plant has generated 8,945 kWh of electricity, with 7,100 kWh exported to the grid, enabling the farmer to earn income while achieving energy independence. Energy Minister A.K. Sharma hailed the Central government’s support, noting the allocation of 3.7 lakh solar pumps to Uttar Pradesh under the PM-KUSUM Scheme (Component C – Feeder Level Solarisation). 

As of 31st March 2025, the country’s total installed renewable energy (RE) capacity has reached 220.10 GW, marking an annual addition of 29.52 GW. This includes 106 GW of solar power and 50 GW of wind power, up from 198.75 GW recorded in the previous fiscal year.

The Ministry of New and Renewable Energy (MNRE) has reported robust progress in India’s clean energy sector for the Financial Year 2024–25. With a record annual capacity addition of 29.52 GW, the total installed renewable energy (RE) capacity in the country has reached 220.10 GW as of 31st March 2025, up from 198.75 GW in the previous fiscal. This performance reflects India’s steady advancement towards the target of achieving 500 GW of non-fossil fuel-based capacity by 2030, as part of its commitments under the ‘Panchamrit’ goals set by Prime Minister Narendra Modi.

Solar Energy Drives Growth

Solar energy contributed the most to the year’s capacity expansion, with 23.83 GW added in FY 2024–25, a significant increase over the 15.03 GW added in the previous year. The total installed solar capacity now stands at 105.65 GW. This includes 81.01 GW from ground-mounted installations, 17.02 GW from rooftop solar, 2.87 GW from solar components of hybrid projects, and 4.74 GW from off-grid systems. The growth demonstrates continued uptake of solar energy across utility-scale and distributed categories.

Steady Rise in Wind Installations

Wind energy also witnessed sustained progress during the year, with 4.15 GW of new capacity added, compared to 3.25 GW in FY 2023–24. The total cumulative installed wind capacity now stands at 50.04 GW, reinforcing wind energy’s role in India’s renewable energy mix.

Bioenergy and Small Hydro Power Maintain Momentum

Bioenergy installations reached a total capacity of 11.58 GW, which includes 0.53 GW from off-grid and waste-to-energy projects. Small Hydro Power projects have achieved a capacity of 5.10 GW, with a further 0.44 GW under implementation. These sectors continue to complement the solar and wind segments by contributing to the decentralised and diversified nature of India’s energy landscape.

Expanding Pipeline of Clean Energy Projects

In addition to the installed capacities, India has 169.40 GW of renewable energy projects under implementation and 65.06 GW already tendered. This includes 65.29 GW from emerging solutions such as hybrid systems, round-the-clock (RTC) power, peaking power, and thermal + RE bundling projects. These initiatives represent a strategic shift towards ensuring grid stability and reliable supply from renewable sources.

MNRE under Union Minister of New and Renewable Energy Pralhad Joshi has been taking various key initiatives to achieve Prime Minister Narendra Modi’s vision of 500 GW of renewable energy by 2030. The continued growth reflects India’s commitment to its climate goals and energy security, underscoring the Government’s focused efforts to scale up renewable energy deployment across the country.

The expansion is adjacent to Timken’s existing manufacturing facility and will cater to growing demand for the company’s spherical roller bearings (SRBs), cylindrical roller bearings (CRBs) and related products.

Timken India Limited, celebrated the expansion of its bearing manufacturing capabilities in Bharuch, Gujarat. The expansion is adjacent to Timken’s existing manufacturing facility in Bharuch and will cater to growing demand for the company’s spherical roller bearings (SRBs), cylindrical roller bearings (CRBs) and related products.

Andreas Roellgen, executive vice president and president of Engineered Bearings and Sanjay Koul, president – India and South-East Asia and chairman – Timken India Ltd., joined other Timken officials key customers and suppliers to commemorate the event.

 “This is an exciting time for Timken,” Roellgen said. “As we continue to accelerate profitable growth in attractive markets with innovative products, the expansion of our world-class manufacturing facility in Bharuch will help increase the value and service we provide to customers in the region and around the world.”

“This marks an important milestone in the company’s continued expansion in India.” Koul said. “We are now able to manufacture Timken CRBs and SRBs locally, which will bring us closer to our customers while boosting our speed to market.”

The new plant was engineered with sustainability at its core with solar rooftop panels, zero liquid discharge, rainwater harvesting, energy-efficient heating, ventilation, air conditioning and lighting, electric material handling equipment and more than 900 trees planted on site. The 55,465-square-meter facility features state-of-the-art, fully automated and seamlessly connected grinding machines along with advanced superfinishing equipment helping to ensure precision and efficiency at every stage of production.

This collaboration aligns with India’s commitment to reducing carbon emissions by 33-35 percent from 2005 levels by 2030, contributing to the nation’s clean energy transition.

Schneider Electric and Freyr Energy Services Pvt Ltd, have partnered together to accelerate the adoption of smart, energy-efficient, and sustainable solutions for homeowners across the country. As part of this partnership, Schneider Electric will integrate its advanced digital and automation technologies with Freyr Energy’s expertise in rooftop solar solutions. This collaboration aligns with India’s commitment to reducing carbon emissions by 33-35 percent from 2005 levels by 2030, contributing to the nation’s clean energy transition.

A key focus will be the deployment of Schneider Electric’s Wiser Smart Home system, an intelligent platform that enables homeowners to monitor and optimize their energy consumption in real time. Seamlessly integrating with solar energy systems, Wiser allows homeowners to maximize renewable energy use, reduce dependence on conventional power sources, and lower electricity costs. By combining cutting-edge technology with a customer-centric approach, Schneider Electric and Freyr Energy aim to empower individuals to make informed decisions about their energy consumption, contributing to a more sustainable and energy-efficient future

Speaking on the partnership, Sumati Sahgal, Vice President, Retail, Schneider Electric India said, “At Schneider Electric, sustainability drives our innovation, and this partnership with Freyr Energy represents a significant step toward sustainable living for Indian homeowners. By integrating Freyr’s solar expertise with our Wiser energy management system, we’re creating a seamless experience that empowers consumers to reduce their energy costs while contributing to India’s clean energy goals. This collaboration demonstrates how smart technology can make sustainability accessible and practical for everyday households.”

Saurabh Marda, Co-Founder & Managing Director, Freyr Energy, echoed this sentiment, highlighting the shared vision of both organizations. He stated, “This partnership with Schneider Electric allows us to offer homeowners a complete energy solution that goes beyond traditional solar installations. By combining our rooftop solar systems with Schneider’s Wiser home automation technology, customers can now visualize and control their energy production and consumption in real-time. We’re excited to demonstrate how this integrated approach can accelerate adoption of clean energy technologies while providing tangible savings for Indian families.”

As part of the collaboration, Schneider Electric will also provide access to best-in-class products and solutions that are safe, reliable, efficient, and sustainable. Additionally, homeowners can rely on industry-leading service support, ensuring seamless installation, long-term reliability, and expert assistance for all Schneider Electric products and solutions. This association is a step towards creating intelligent, future-ready homes that prioritise sustainability, energy efficiency, and digital innovation.