India’s Rs 1.86 lakh crore Green Energy Corridor Phase-III has won backing from the UN’s top climate official, who said stronger grids and battery storage could boost energy security, jobs and economic growth. The scheme aims to enable evacuation of about 135 GW of renewable power, deploy 50 GWh of battery storage and support India’s 500 GW non-fossil capacity target for 2030.
India's electric vehicle market recorded substantial growth in September, with sales reaching 34,894 units. This represents a 95% increase compared to last year's figures. Tata Motors maintained its market leadership with a 42.2% share, while Mahindra followed with 22.2%. Interestingly, newer entrants like VinFast and Maruti Suzuki captured significant market shares within a short span.
Instamart is expanding its battery-swapping stations network to encourage electric vehicle use in last-mile delivery. The improvements are part of partnerships with Yulu and Yuma Energy to facilitate affordable access and reduce downtime. Recently, the first station was opened in Bengaluru, enhancing efficiency for delivery partners. Instamart is offering rental cashback incentives for using Yulu electric two-wheelers to lower costs.
Renaissance Solar and Electronic Materials has announced plans to invest Rs 5,000 crore in Karnataka. The company aims to establish a 5 GW solar ingot and wafer manufacturing facility by mid-2028. This facility will be located in the Chennai-Bengaluru Industrial Corridor in Tumakuru. RSOLEC has requested 100 acres of land, along with 80 MW of power and 10 million litres per day of water.
Solex Energy is targeting revenue of over ₹4,500 crore by FY28 as it expands beyond solar modules into solar cells and battery energy storage systems. The company has outlined a ₹4,000-crore investment plan through FY30 to scale manufacturing capacity and strengthen its renewable energy platform.
India’s Rs 1.86 lakh crore Green Energy Corridor Phase-III has won backing from the UN’s top climate official, who said stronger grids and battery storage could boost energy security, jobs and economic growth. The scheme aims to enable evacuation of about 135 GW of renewable power, deploy 50 GWh of battery storage and support India’s 500 GW non-fossil capacity target for 2030.
India’s first port-based e-methanol plant will be built at Kandla with an investment of ₹2,300 crore. The 150-tonne-per-day facility, a joint venture between Deendayal Port Authority and Assam Petro-Chemicals, will produce green fuel using renewable power, water and biogenic CO₂.
Purvah Green Power Private Ltd (PGPPL) signed a power supply agreement with Prism Johnson Ltd to develop a 49.5 MW wind project in Madhya Pradesh. The project will be established by KUS Renewable Ltd (KRPL), a wholly owned subsidiary of PGPPL. The date of commercial operation is January 25, 2028. The project will supply renewable power to Prism Johnson's manufacturing operations in the state for 25 years.
Inox Clean Energy has acquired Vena Energy India's renewable platform for Rs 6,000 crore. This rapid transaction was completed within two months, showcasing strong financing capabilities. Vena Energy India's portfolio includes operational and developing solar, wind, and BESS assets. Following this acquisition, Inox Clean's operational capacity will reach approximately four gigawatts.
The Union Cabinet approved the GEC-III scheme, earmarking Rs 1.86 lakh crore for developing transmission systems and battery storage. This initiative will facilitate the evacuation of 135 GW of renewable energy by FY2032-33 while addressing industry concerns regarding transmission capacity. Experts believe that it will also lead to significant growth in the renewable sector and stabilize the electricity grid.
The power ministry is exploring subordinated debt for NHPC's Sawalkote project. This low-interest financing aims to support the large hydropower development in Jammu and Kashmir. The project's estimated cost stands at ₹31,380 crore, with approvals pending. India is accelerating hydropower projects, especially on western rivers. Other large projects in Arunachal Pradesh have also received government approval.
India's state owned Indian Renewable Energy Devlopment Agency (IREDA) on Wednesday, says its director of Finance, Bijay Kumar Mohanty who has assumed additional charge of Chairman and Managing Director on July 1. He's a fellow member at of the Institute of Cost Accountants of India and has 27 years of experience in the Indian power sector, where he worked with the Central Electricity Supply Company of Odisha Ltd (CESCO) and Grid Corporation of Odisha Ltd (GRIDCO).
Advanced machine learning and statistical models are being used to enhance EV battery safety, efficiency, and lifespan. By analyzing real-world data, these models can predict battery health, optimize performance, and offer significant cost savings. Integrating diverse data sources provides actionable insights, supporting better maintenance, reliability, and financial management in the EV ecosystem.
India plans to increase its wind energy capacity by 7.5 to 8 GW in the current fiscal year. The country had already achieved over 6 GW of capacity addition in 2025-26, indicating positive sector growth. Investment considerations show that this capacity increase will require around ₹50 crore annually. Partnerships with European companies are anticipated to enhance offshore wind development and technology transfer.
