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Weak demand, PPA delays stall 45 GW of renewable projects despite grid connectivity

A determined farmer integrates solar power into his rural Indian landscape, balancing tradition with a sustainable future. NEW DELHI: Relatively slow growth in electricity demand in 2025–26, surplus power availability during solar hours leading to weak demand, and assured power availability for discoms after 2028–29 are among the reasons why renewable energy implementing agencies (REIAs)…

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Budget 2026: PHDCCI pitches green bank to finance renewable energy, EVs and climate tech

Industry body PHDCCI has suggested that the government set up a dedicated Green Bank or Climate Finance Facility in the upcoming Union Budget to help channel private capital into green technologies such as renewable energy, energy efficiency and electric vehicles, PTI reported.The proposal was made during a pre-Budget interactive session with representatives from the banking,…

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India’s clean energy push: Record 44.5 GW renewable capacity added in 2025, says government; non-fossil capacity at 262.74 GW

India recorded its highest-ever annual renewable energy capacity addition this year, installing 44.5 GW of new capacity till November, nearly doubling the additions seen in the same period last year, according to the Ministry of New and Renewable Energy (MNRE).With this expansion, the country’s renewable energy installed capacity has reached 253.96 GW, while overall non-fossil…

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Solar financing: Renewable energy ministry issues clarification; says no lender advisory was issued to banks

The Ministry of New and Renewable Energy (MNRE) on Sunday dismissed reports suggesting it had asked lenders to halt financing for renewable energy projects, saying no such advisory has been issued to financial institutions, PTI reported.In a statement, the ministry said it has not directed banks or other lenders to stop extending loans to renewable…

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Renewable energy surge: India’s non-fossil fuel power capacity to touch 300 GW soon; 40 GW projects in advanced stages

India’s non-fossil fuel-based power generation capacity is set to reach around 300 gigawatts (GW) soon, with over 40 GW of renewable energy projects in advanced stages of signing power purchase agreements (PPAs) and securing transmission connectivity, the ministry of new and renewable energy (MNRE) said on Wednesday.As of September 30, India’s non-fossil fuel capacity stood…

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Top 5 sectors reshaping workforce needs in 2025: Growing demand for tech skills and renewable energy roles

Top sectors shaping workforce demand in 2025: Digital skills and renewable energy roles lead growth. (AI Image) The India Skills Report 2025 highlights the rapid transformation of the job market as new industries gain prominence and technology adoption accelerates across the globe. India, with its projected growth rate of 7.6%, is positioned to meet rising…

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