Saurav Anand

Serentica Renewables and Resonia plan Rs 1.2 lakh crore capex over four years, targeting renewable capacity, battery storage and new transmission projects.

The government is considering battery storage and other changes to help 42 GW of stalled renewable capacity find buyers as India shifts towards firm and dispatchable green power.

Global smart-grid corporate funding surged 36% to $1.9 billion in H1 2026, led by a 267% rise in debt financing despite a decline in venture capital. Mergers and new funds also saw significant growth.

India’s crude shipping costs have surged up to 411% since February, while Strait of Hormuz war-risk insurance has reached $7.5-10 million per voyage, adding pressure on the oil import bill and refiners.

The government is set to overhaul PM Surya Ghar: Muft Bijli Yojana, focusing on electricity generation, performance, AI checks, and financial support to enhance rooftop solar efficiency and grid integration.

India plans to end imports of SCADA systems for the power sector by 2030, focusing on indigenous development of hardware and software to enhance energy security and comply with the Make in India mandate.

Vessel traffic through the Strait of Hormuz increased slightly by August 23, but cargo-bearing transits fell 27%, signaling a decline in commercial flows despite higher vessel crossings and increased sanctioned movements.

Freight, duties, and import expenses left India’s landed LFP battery cell prices up to 23% higher than China’s after-tax rates in July, underscoring the push for local cell production under the ACC PLI scheme.

A CREA report reveals that the Hormuz crisis added over $330 billion to global fossil-fuel import bills, with India incurring $22.5 billion in extra costs—making it the second-hardest hit importer globally after China.

Denmark is strengthening its defence and maritime partnership with India, offering modular naval vessel technology, dual-use component strategies, and green commercial shipbuilding expertise.