India

India’s coking coal imports are rising and increasingly split between the United States and Russia, while Australian producers redirect volumes to China; 2025 results confirm a shift in trade flows.
A surprise drop in US crude inventories and renewed focus on peace talks in Ukraine are shaping oil market dynamics.

Vikram Solar secures a 250 MW order from Bondada Group in India

Vikram Solar will supply 250 MW of high-efficiency solar modules to the Bondada Group for a project in Maharashtra, with deployment scheduled to begin in fiscal year 2025–2026.
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Driven by rising industrial demand and emerging capacities in Asia, the global petrochemicals market is expected to see sustained expansion despite regulatory pressures and raw material cost challenges.
Indian imports of Brazilian crude reach 72,000 barrels per day in the first half of 2025, driven by U.S. sanctions, and are expected to grow with new contracts and upstream projects between Petrobras and Indian refiners.

Global EV Charging Points to Reach 206.6 Million by 2040

Electric vehicle charging infrastructure investments are expected to hit $300 billion by 2040, driven by a 12.3% annual increase in global charging port deployments.
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With an annual growth rate estimated at 10.11%, the global aviation fuel market could reach USD 751 billion by 2032, driven by increasing air traffic and new industrial partnerships.
With active projects across four continents and strong liquidity, Eco Wave Power accelerates its expansion strategy while absorbing a rise in operational costs in H1 2025.

Putin Signs Decree Paving the Way for Exxon’s Return to Sakhalin-1

A new Russian presidential decree could allow Exxon Mobil to reclaim its stake in Sakhalin-1, under strict conditions tied to Western sanctions and equipment logistics.
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Under threat of increased U.S. tariffs, New Delhi is accelerating its energy independence strategy to reduce reliance on imports, particularly Russian oil.
The United States plans to collaborate with Pakistan on critical minerals and hydrocarbons, exploring joint ventures and projects in strategic areas such as Balochistan.

ACEN reaches 2,100 MW of attributable renewable capacity in India

ACEN strengthens its international strategy with over 2,100 MWdc of attributable renewable capacity in India, marking a major step in its expansion beyond the Philippines.
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The Japanese group TDK’s venture capital fund supports Ultraviolette, an Indian electric motorcycle manufacturer, to help it scale up in a domestic market estimated at over $50 billion within ten years.
OPEC's August report reveals Russian production above quotas and commercial dominance in Asia, while Kazakhstan massively exceeds its reduction commitments.

Russian Shadow Fleet Disrupts Global Oil Balance in Asia

Hundreds of aging tankers transport Russian oil to Asia, circumventing Western sanctions while creating major environmental risks and transforming global trade flows.
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The Emirati logistics giant posts 40% revenue growth despite depressed maritime freight rates, driven by Navig8 integration and strategic fleet expansion.
Eco Wave Power has completed the full installation of its wave energy system at the Port of Los Angeles, paving the way for initial operational tests scheduled for September.

The global next-generation solar cell market will reach $12.95 billion by 2031

The next-generation solar cell market will grow by 15.73% annually by 2031, driven by diversified uses in residential, industrial, and aerospace sectors.
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Washington launches antidumping procedures against three Asian countries. Margins up to 190% identified. Final decisions expected April 2026 with major supply chain impacts.
India unveils a national plan to boost nuclear capacity to 100 GW by 2047, combining large reactors and small modules, with a strengthened regulatory framework and new public-private partnerships.
AM Green Ammonia finalizes the investment decision for a green ammonia production unit in Kakinada, India, targeting production of one million tons per year by 2026.
India recorded unprecedented growth of 15 GW of solar capacity in the first half of 2024, a jump of 282% year-on-year, marking a key milestone in its energy expansion.

NTPC creates a nuclear subsidiary and focuses on SMRs

NTPC, India's largest energy producer, confirms the creation of a dedicated nuclear subsidiary, with a focus on small modular reactors (SMRs), marking a strategic turning point in its energy diversification.
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In July, India became the biggest buyer of Russian oil, surpassing China, against a backdrop of Western sanctions against Moscow and changes in global trade flows.
Falling battery storage costs and the accelerating growth of renewable energies are key to India's strategy of achieving carbon neutrality by 2070, reveals an analysis by Ember and The Energy and Resources Institute.

RMC Green Energy launches 50 MW solar project in Rajasthan

RMC Green Energy, a subsidiary of RMC Switchgears Limited, receives approval to develop a 50 MW plant in Rajasthan, marking a breakthrough in renewable energy in India.
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China and India are stepping up investment in solar megaprojects, reinforcing their dominant position in the renewable energies sector.
Summit Group, a key player in the Bangladeshi energy sector, is reassessing its plans to import renewable energy following a regulatory amendment in India, upsetting cross-border investment forecasts.

India: Petronet LNG adopts Novolen technology to boost production

Petronet LNG selects Lummus Technology's Novolen® technology for its new polypropylene plant in Dahej, aiming to increase domestic production and reduce dependence on imports.
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Falling battery storage costs and the accelerating growth of renewable energies are key to India's strategy of achieving carbon neutrality by 2070, reveals an analysis by Ember and The Energy and Resources Institute.
Summit Group adjusts its renewable energy import strategies following a change in the rules in India, reassessing its investment projects in an uncertain context.

The challenges of diversifying ENR supply chains

The relocation of copper supply chains out of China could slow down the energy transition and entail significant costs, according to a study by Wood Mackenzie.
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The global market for hydrocrackers, essential to the production of high-quality fuels, will reach 125.2 billion USD by 2033, driven by growing demand for cleaner energy.
Russia increases fuel oil and VGO exports to Asia. China and Saudi Arabia stand out as the main importers, according to LSEG data.

Clean energy infrastructure market targets USD 1.5 trillion by 2033

The energy infrastructure sector, driven by renewable energies and storage technologies, is booming and is expected to reach a valuation of 1.5 trillion USD by 2033, with annual growth estimated at 9.3%.
India aims to eliminate thermal coal imports by 2025-26. Challenges related to the quality of domestic coal and technical constraints could, however, put the brakes on this ambition.
In July 2024, Russian seaborne exports of petroleum products to Asia doubled to 1.1 million tonnes, with increased use of the Cape of Good Hope route to avoid the Suez Canal.

Russian thermal coal exports on the rise

Russian exports of thermal coal have risen sharply, boosted by strong demand in the Asia-Pacific and Mediterranean regions, as well as a temporary reduction in export tariffs.
The market for biomass briquettes is booming, driven by growing demand for renewable energies and regulations promoting the energy transition.
The market for diesel engines for vehicles will reach 54.7 billion USD by 2032, driven by urbanization and increased automobile production, despite high operating costs.