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.
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.

U.S. Tariffs: India Increases Brazilian Crude Imports by 80% in 2025

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.
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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.
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.

Eco Wave Power Expands Global Presence Despite Rising Mid-Year Losses

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.
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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.
Under threat of increased U.S. tariffs, New Delhi is accelerating its energy independence strategy to reduce reliance on imports, particularly Russian oil.

Washington strengthens ties with Pakistan over minerals and hydrocarbons

The United States plans to collaborate with Pakistan on critical minerals and hydrocarbons, exploring joint ventures and projects in strategic areas such as Balochistan.
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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.
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 Revises Global Oil Forecasts for 2026 to 106.5 Million b/d

OPEC's August report reveals Russian production above quotas and commercial dominance in Asia, while Kazakhstan massively exceeds its reduction commitments.
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Hundreds of aging tankers transport Russian oil to Asia, circumventing Western sanctions while creating major environmental risks and transforming global trade flows.
The Emirati logistics giant posts 40% revenue growth despite depressed maritime freight rates, driven by Navig8 integration and strategic fleet expansion.

Eco Wave Power completes installation of pilot project at the Port of Los Angeles

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.
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The next-generation solar cell market will grow by 15.73% annually by 2031, driven by diversified uses in residential, industrial, and aerospace sectors.
Washington launches antidumping procedures against three Asian countries. Margins up to 190% identified. Final decisions expected April 2026 with major supply chain impacts.

India launches a two-pronged strategy to accelerate nuclear power by 2047

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.
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Start-up HYLENR finalises a strategic $3 mn fundraising to move from pilot phase to industrialisation of its low-energy nuclear reaction systems for industrial heat production.
BrightNight’s Asian subsidiary becomes Yanara and positions itself as an independent player to strengthen the development of large-scale renewable energy solutions in the Asia-Pacific region.
Emmanuel Macron and Narendra Modi meet in Marseille to deepen their energy cooperation. The visit to the ITER nuclear fusion project and discussions on small modular reactors (SMRs) illustrate the ambition of a strategic collaboration between France and India.
India is positioning itself as the fastest-growing bioenergy market in the world, with an expected 45% increase in consumption by 2030. To achieve these goals, the country will need to optimize its biomass resource utilization and structure its biogas market.

India Reaches 100 GW of Solar Capacity and Accelerates Its Energy Transition

India has surpassed 100 gigawatts (GW) of installed solar capacity, marking a significant increase over the past decade. This expansion aligns with its goal of reaching 500 GW of non-fossil energy capacity by 2030.
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Russia will continue supplying oil to India under advantageous conditions despite U.S. sanctions affecting its energy sector. New Delhi relies on stable Russian deliveries to meet growing demand, consolidating a strategic partnership in a tense global market.
GAIL, Indian Oil, and BPCL are in talks with U.S. suppliers to purchase additional liquefied natural gas (LNG). The objective is to diversify supply sources and secure extra volumes following the lifting of U.S. export restrictions.

Major Economies Delay the Publication of Their Climate Strategies

The majority of countries have not submitted their new climate roadmaps to the UN before the February 10 deadline. This delay raises questions about the priorities of major economies amid geopolitical shifts and economic uncertainty.
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Amazon has signed a Power Purchase Agreement (PPA) with CleanMax for the development of a 100 MW wind farm in India. The project, which will be connected to the national grid, is expected to be operational by the second quarter of 2026.
Emmanuel Macron and Narendra Modi will meet in Marseille on Wednesday to discuss trade exchanges, port infrastructure, and nuclear cooperation between France and India. The visit will include the Iter project and the development of small modular reactors (SMRs).

BNP Paribas and CERE Complete the First Phase of ACTREC Solarization

The Centre for Environmental Research and Education (CERE) and BNP Paribas have completed the first phase of installing a 996 kWp photovoltaic solar system at the Advanced Centre for Treatment, Research, and Education in Cancer (ACTREC) in India. This project aims to reduce the institution's energy costs and enhance its operational efficiency.
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The Indian government is considering amending the Atomic Energy Act to facilitate private sector involvement in civil nuclear energy. Tata Power is closely monitoring these developments, particularly regarding the development of small modular reactors (SMRs), a technology still in the research phase.
Eco Wave Power announces a collaboration with a Fortune 500 company to launch its first hydropower energy pilot project in India. The agreement will be signed during India Energy Week 2025 in New Delhi, a key event in the Indian energy sector.

OPEC+ maintains production increase despite pressure from Trump

OPEC+ continues to increase its oil production, responding to global demand while ignoring Donald Trump's calls to slow down the rise. This decision to maintain the production increase schedule has direct implications for global markets.
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Saudi Aramco plans to raise its official selling prices (OSP) in March, driven by China’s economic recovery and the redirection of Russian oil flows. Asian refiners are adapting to these new dynamics, influencing premiums on Middle Eastern crude.
The Indian government has announced an investment of 1.8 billion euros to reduce its dependence on China for strategic minerals essential for the renewable energy and defense industries.

Enfinity Global secures 2 GW for solar and wind projects in India

Enfinity Global progresses in the Indian energy market by securing 2 GW of connectivity for strategic projects, bolstering solar and wind capacities in a country aiming for an accelerated energy transformation.
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Suzlon and Torrent Power consolidate their strategic partnership with a 486 MW order in Gujarat, achieving a significant milestone of 1 GW in installed wind energy capacity.
Radiance Renewables has placed an order for 132.5 MWp of N-Type Topcon solar modules with Waaree Energies, showcasing a strategy focused on optimizing energy performance and economic outcomes in the C&I segment.

Sri Lanka revokes a major energy contract with Adani

The Sri Lankan government has canceled a power purchase agreement with Adani, citing corruption concerns and criticism over the project’s costs. This decision marks a shift in the country’s energy policies under the new administration.
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In 2024, the energy storage sector saw a 5% increase in total investments, reaching $19.9 billion. However, a notable shift is evident with a decline in venture capital funding and a rise in debt and public market financing.
Despite a historic drop in solar module prices, the top ten global manufacturers show remarkable resilience. Their production capacity is sufficient to meet annual global demand, according to Wood Mackenzie.
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