Renewable Energy & Technology
Jan 2025
PM Narendra Modi lays foundation stone for NTPC Green Energy Limited Green Hydrogen Hub Project at Pudimadaka, near Visakhapatnam, Andhra Pradesh
The first Green Hydrogen Hub under the National Green Hydrogen Mission. The project entails an investment of approx. ₹1,85,000 Crore including investment in 20 GW renewable energy capacities, making it one of India’s largest integrated green hydrogen production facilities.
Jan 2025
India added 24.5 GW of new solar power capacity in 2024, the highest ever achieved any year
According to JMK Research: In 2024, India added ~24.5 GW of solar and ~3.4 GW of wind capacity representing a ~2x rise in solar installations compared to that of 12.8 GW in 2023 and a ~1.21x increase in wind installations compared to 2023. Notably, 2024 is the highest recorded total solar capacity added than in any previous year.
Jan 2025
India approves mission to bridge critical mineral gap in energy transition
The government approved a ₹16,300-crore National Critical Mineral Mission, envisaging a total outlay of ₹34,300 crore spread over seven years, with an aim to achieve self-reliance and accelerate India’s journey towards green energy transition.
Jan 2025
PM Suryaghar initiative has surpassed 8.5 lakh (850000) rooftop installations
Making progress toward the goal of powering 10 Mn households with solar energy, Union Minister of New and Renewable Energy Prahlad Joshi informed. He added, “The government aims to achieve 500 GW of RE by 2030, with long-term vision of 1,800 GW RE by 2047.”
Feb 2025
India’s Finance Minister presented the Financial Year 2025-26 budget to parliament. The budget introduced a slew of measures for RE and power sector
spanning power sector reforms, nuclear energy development, clean technology manufacturing, lithium-ion battery production and tariff reduction to boost domestic manufacturing. INR 26,549 Crore has been allocated to MNRE, up 53.48% from the last year’s budget. Solar energy will receive ~91% of this allocation, primarily to implement PM Suryaghar Yojana.
Feb 2025
India’s installed solar capacity reached 100 GW
solar sector has seen a 3450% increase in capacity over the past decade, rising from 2.82 GW in 2014 to 100 GW in 2025. There is 84.10 GW of solar capacity under implementation and another 47.49 GW under tendering.
Mar 2025
Indian government has enhanced the Battery Energy Storage System (BESS) target to 14,000 MWh from earlier 4,000 MWh as storage prices have dropped.
The Ministry of Power has issued an advisory to all states and implementing agencies to award all the BESS contracts under Viability Gap Funding (VGF) program by June 2025 so that installations can be completed by May 2027.
Apr 2025
India’s wind and solar generation doubled in the five years leading to 2024
it overtook Germany to become the world’s third largest generator of electricity from wind and solar in 2024 as per the Ember’s Global Electricity Review 2025. Solar and wind energy generated 15% of global electricity, with India at 10%.
Apr 2025
The Central Electricity Authority (CEA) under Ministry of Power has approved six hydro pumped storage projects (PSPs) for about 7.5 GW during the Financial Year 2024-25.
Further CEA plans to approve minimum 13 PSP projects of about 22 GW during FY 2025-26.
Apr 2025
India has launched a green hydrogen certification scheme to ensure greater transparency and credibility
It targets building stakeholder confidence and attracting domestic and international investments.
May 2025
India largest state-owned miner Coal India Limited said that it will set up clean energy projects of around 4.5 GW at a cost of about USD 3 billion
As it aims to achieve net zero carbon emissions from its operations. It plans to supply clean energy through solar and wind energy projects to the upcoming green ammonia facilities.
May 2025
Government of India has started allocation of electric buses announced under approx. USD 1.3 Bn PM e-Drive Scheme launched last year
Through the scheme support, Bengaluru will receive 4,500 electric buses, Delhi 2,800, Hyderabad 2,000, Ahmedabad 1,000, and Surat 600, as part of the nationwide rollout.
May 2025
Raja Khas becomes Himachal's first solar model village
Raja Khas, a village in Himachal Pradesh (one of the hilly states in India) has been identified as the first Solar model village of the state under the PM Surya Ghar yojana. The village will be provided a grant of INR 1 Crore (approx USD 120 k) for solar development setting up a model for green energy adoption in rural areas.
Jun 2025
India to spend ₹90,000 cr to set up undersea power transmission lines to Saudia Arabia and UAE
During a press briefing, Indian power minister Manohar Lal Khattar said that India will not set up new thermal coal-power power plants post 2035 and the government is trying to develop massive nuclear power generation capacity to provide the baseload power for the grid.
Jun 2025
Government Announces ₹54 Billion VGF for Battery Storage Under Second Tranche
Indian Ministry of Power has announced new tranche of viability gap funding (VGF) to support battery energy storage systems (BESS) development in India. Under this tranche, a VGF of INR 1.8 million ($ 21,043)/MWh will be provided to support development of 30 GWh of BESS capacity with a total financial outlay of INR 54 billion ($ 631.30 million).
Jun 2025
Government Announces ₹54 Billion VGF for Battery Storage Under Second Tranche
Indian Ministry of Power has announced new tranche of viability gap funding (VGF) to support battery energy storage systems (BESS) development in India. Under this tranche, a VGF of INR 1.8 million ($ 21,043)/MWh will be provided to support development of 30 GWh of BESS capacity with a total financial outlay of INR 54 billion ($ 631.30 million).
Jul 2025
India achieves 50% non-fossil fuel power generation capacity 5 years ahead of 2030 target
India has reached a significant milestone in renewable energy. The nation achieved 50% non-fossil fuel power capacity. This accomplishment arrives five years before the 2030 goal. India’s total installed power capacity is now 484.8 GW. Of this, 242.8 GW comes from green sources.
Aug 2025
Government green companies are bringing domestic bonds for long-term investment in renewable energy
Two government-owned green energy companies in India, NHPC and NTPC Green Energy, are set to raise Rs 4,500 crore through domestic bonds to fund renewable energy projects. NTPC Green Energy will debut in the local bond market, while NHPC continues its bond strategy.
Aug 2025
Rajya Sabha passes critical minerals bill; Rs 32,000 crore allotted for exploration outside India
After the Lok Sabha, Rajya Sabha has also passed the Mines and Minerals (Development and Regulation) Amendment Bill, 2025, aiming to enhance the supply of critical minerals and streamline mineral conservation.
Climate Change/Climate Diplomacy/Climate Finance/Air Pollution/FF/Other
Jan 2025
India has submitted its 4th Biennial Update Report (BUR-4) to the United Nations Framework Convention on Climate Change (UNFCCC)
India reported a 7.93% reduction in greenhouse gas (GHG) emissions in 2020 compared to 2019, primarily due to COVID-related reduction in economic activity. The energy sector contributed 75.66% of total emissions, while other land-use activities sequestered ~522 million tonnes of CO2, reducing total emissions by 22%.
Mar 2025
RBI Increases Priority Sector Lending Cap for Renewables to ₹350 Million
The Reserve Bank of India (RBI) has increased the lending limit for the renewable energy sector to USD 4.08 million in its new guidelines for priority sector lending (PSL) set to take effect from April 1, 2025. PSL is a lending requirement administered by the RBI, requiring banks to give a minimum proportion of their loans to sectors of development importance or the sectors that have difficulty getting loans and RE sector is included in this policy.
Mar 2025
RBI Increases Priority Sector Lending Cap for Renewables to ₹350 Million
The Reserve Bank of India (RBI) has increased the lending limit for the renewable energy sector to USD 4.08 million in its new guidelines for priority sector lending (PSL) set to take effect from April 1, 2025. PSL is a lending requirement administered by the RBI, requiring banks to give a minimum proportion of their loans to sectors of development importance or the sectors that have difficulty getting loans and RE sector is included in this policy.
May 2025
Finance Ministry unveils draft ‘climate taxonomy’ document to aid clean energy investment
The draft note follows an announcement by Nirmala Sitharaman in her Budget speech this February. The climate finance taxonomy, the report said, was a “tool to identify activities consistent with India’s climate action goals and transition pathway.”
Aug 2025
Climate finance faultline looms over COP30
The 30th Conference of Parties (COP30) to the United Nations Framework Convention on Climate Change, to be held in Belém, Brazil this year, is set to carry forward the contentious debate on climate finance, taking a cue from COP29. Developing countries, including India, will be pressing for the enforcement of Article 9.1 of the Paris Agreement.
Aug 2025
Environment Ministry finalises National Designated Authority to kickstart carbon markets
The Ministry of Environment, Forest and Climate Change has announced a ‘National Designated Authority (NDA),’ a mandatory requirement under the provisions of the 2015 Paris Agreement to enable a carbon emissions trading regime.
Aug 2025
According to Air Quality Life Index 2025 by the Energy Policy Institute at the University of Chicago (EPIC), Delhi residents losing 8.2 years of their lives to high air pollution
“These levels are more than 8 times higher than the WHO guideline, and reducing them to permanently meet the WHO Guideline would add 3.5 years to the average life expectancy of Indians,” said the report. It added that people of Delhi were the worst impacted across the country.