In Short : Global energy demand witnessed a sharp surge in 2024, growing nearly twice the recent average, driven by economic recovery, industrial expansion, and extreme weather events. Increased consumption of electricity, oil, and gas intensified supply challenges, highlighting the urgent need for accelerated renewable energy deployment and energy efficiency measures to balance rising demand […]
India Plans Massive $600 Billion Investment to Power Sustainable Growth Over Next Decade – EQ
In Short : India plans to invest $600 billion in its power sector over the next decade, according to a recent report. The investment will focus on expanding renewable energy, upgrading transmission infrastructure, and ensuring reliable power supply. This massive push aims to support the country’s growing energy demand, boost clean energy capacity, and drive […]
Driving Renewable Energy Growth: Policy Reforms, Climate Finance, and Innovation Key to Scaling Investments – EQ
In Short : Policy reforms and climate finance are vital to scaling renewable energy investments, says IIT Madras Research Park. Clear regulations, incentives, and carbon pricing can boost renewables, while climate finance mobilizes capital and mitigates risks. Innovations in technology and global cooperation further accelerate the transition. Public awareness and stakeholder engagement ensure equitable benefits, […]
Growth in global electricity demand is set to accelerate in the coming years as power-hungry sectors expand – EQ
In Short : Global electricity demand is expected to grow by 4% annually through 2027, driven by data centers, electric vehicles, and manufacturing. China and India will be major contributors to this surge. Renewable energy is set to meet most of the demand, potentially stabilizing carbon emissions from power generation, according to the International Energy […]
India Powers Ahead: Expanding Transmission and Accelerating Clean Energy Growth – EQ
In Short : India’s power transmission network expanded 70% in a decade, boosting grid reliability. Non-fossil fuel capacity surged 180%, with renewables now 44% of total capacity. Solar and wind led growth, supported by policies like the Green Energy Corridor. India, a global renewable leader, aims for 500 GW non-fossil capacity by 2030, advancing towards […]
Gensol Engineering Sees 42% Revenue Growth, Secures Major Solar EPC Contracts – EQ
In Short : Gensol Engineering reported a 42% YoY revenue growth, reaching ₹10.56 billion in FY2025’s first nine months. The company also saw a 34% rise in profit and a 89% increase in EBITDA. Gensol secured major EPC contracts, including a ₹10.62 billion project for 275 MW solar in Gujarat. The company’s solar EPC order […]
India is driving global growth: PM Modi on India Energy Week – EQ
In Short : Speaking at India Energy Week 2025, Prime Minister Narendra Modi highlighted India’s pivotal role in driving global economic growth. He emphasized the country’s rapid energy transition, expanding renewable capacity, and commitment to sustainability. PM Modi underscored India’s investment-friendly policies, energy security initiatives, and innovation in clean energy, reinforcing the nation’s position as […]
Synergy Steel applauds India’s 113% clean energy growth, foresees stainless steel boom – EQ
In Short : Synergy Steel has praised India’s 113% growth in clean energy, highlighting the positive impact on the stainless steel industry. The company anticipates a surge in demand for stainless steel, driven by the increasing use of renewable energy infrastructure, including solar and wind projects. As India accelerates its green transition, Synergy Steel envisions […]
IEX reports 16% YoY growth in Jan electricity trade, REC market hits record high – EQ
In Short : Indian Energy Exchange (IEX) reported a 16% year-on-year growth in electricity trade for January, reflecting increased demand for power. Additionally, the Renewable Energy Certificate (REC) market reached a record high, driven by rising compliance and sustainability commitments. The surge highlights growing reliance on energy trading platforms and the expanding role of renewables […]
IH2A Seeks USD 2.5 Billion for Green Hydrogen Mission – EQ
In Short : The India Hydrogen Alliance (IH2A) is seeking $2.5 billion in funding to advance its Green Hydrogen Mission. The investment will support the development of large-scale green hydrogen projects, infrastructure, and innovation to accelerate India’s transition to clean energy. This initiative aligns with the nation’s goal of achieving carbon neutrality and promoting sustainable […]