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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.
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.

Yanara gains independence to accelerate renewable project expansion in Asia-Pacific

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.
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The visit of India's national security adviser to Moscow comes as the United States threatens to raise tariffs on New Delhi due to India’s continued purchases of Russian oil.
Siemens Energy posts historic third-quarter orders, significant revenue growth and lifts its dividend ban, reinforcing its backlog strength and ambitions for profitable growth in 2025.

Ember: Merchant battery storage in India reaches 17% return in 2025

According to Ember, the profitability of battery storage on Indian wholesale markets is rising sharply, driven by the rapid decline in costs and high volatility in electricity prices.
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Gentari and Amazon Web Services have entered into an 80 MW power purchase agreement in India, marking a major step for large-scale wind energy development in the region.
Eight OPEC+ countries boost output by 547,000 barrels per day in September, completing their increase program twelve months early as Chinese demand plateaus.

India rejects Trump’s tariff threats over Russian oil purchases

New Delhi calls US sanctions unjustified and denounces double standard as Trump threatens to substantially increase tariffs.
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Faced with falling discounts on Russian oil, Indian Oil Corp is purchasing large volumes from the United States, Canada and Abu Dhabi for September, shifting its usual sourcing strategy.
Facing US secondary sanctions threats, Indian refiners slow Russian crude purchases while exploring costly alternatives, revealing complex energy security challenges.

First Solar raises annual outlook after new import tariffs

First Solar anticipates higher revenue for the current year, driven by an increase in solar panel prices following the introduction of new import tariffs.
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The progress of national targets for renewable energy remains marginal, with only a 2% increase since COP28, threatening the achievement of the tripling of capacity by 2030 and impacting energy security.
Sanctions imposed on August 1 accelerate the reconfiguration of Indo-Pacific trade flows, with Vietnam, Bangladesh and Indonesia emerging as principal beneficiaries.

Trump imposes 25% plus mystery penalties on India from August

Washington triggers an unprecedented tariff structure combining 25% fixed duties and an additional unspecified penalty linked to Russian energy and military purchases.
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Schneider Electric’s revenue reached EUR19.3bn in the first half, supported by strong data centre activity and growth across all its main markets.
Global electricity demand is projected to grow steadily through 2026, driven by industrial expansion, data centres, electric mobility and air conditioning, with increasing contributions from renewables, natural gas and nuclear power.

Reliance, BP and ONGC Unite to Explore Saurashtra Offshore Basin

The consortium formed by ONGC (40%), Reliance (30%) and BP (30%) has signed a joint operating agreement for block GS-OSHP-2022/2, marking the first tripartite collaboration in Indian oil exploration.
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Eco Wave Power has completed the installation of floaters for its pilot project in Los Angeles, marking a strategic milestone in the validation and commercialisation of its wave energy technology in the US market.
Bluebird Solar is initiating a significant investment plan in Greater Noida to increase its production capacity to 2.5 GW and integrate automated lines powered by artificial intelligence.
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.
China and India are stepping up investment in solar megaprojects, reinforcing their dominant position in the renewable energies sector.

Bangladesh reviews its energy projects after the Indian U-turn

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.
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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.
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.

Bangladesh reviews its energy projects after the Indian U-turn

Summit Group adjusts its renewable energy import strategies following a change in the rules in India, reassessing its investment projects in an uncertain context.
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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.
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.

Asia, a key market for Russian fuel oil, led by China and Saudi Arabia

Russia increases fuel oil and VGO exports to Asia. China and Saudi Arabia stand out as the main importers, according to LSEG data.
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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.

Russian oil exports bypass Suez to set Asian record

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.
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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.

Diesel engine market set to reach 54.7 billion USD by 2032

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.
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India adjusts its electricity export rules, allowing Adani Power to redirect its production to the domestic market, in the face of political uncertainties in Bangladesh.
Turkmengaz has completed 214 km of the TAPI gas pipeline in Turkmenistan, heralding a new phase of work in Afghanistan, despite security challenges.

Bangladesh’s energy demand rises 7% despite political crisis

Despite a political crisis and protests crippling the economy, electricity demand in Bangladesh jumped by 7%, mainly due to increased use of air conditioners as a result of high temperatures.
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Reliance Industries concludes a strategic agreement with PDVSA to exchange naphtha for crude oil, optimizing their operations despite US sanctions.
Suzlon announces the acquisition of 51% of Renom, consolidating its dominant position in multi-brand maintenance services for renewable energies in India, and plans to reach a 76% stake within 18 months.
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