OPEC slightly adjusts its production forecasts for 2025-2026 while projecting stable global demand growth, leaving OPEC+ significant room to increase supply without destabilizing global oil markets.
Driven by rising electricity demand, the battery energy storage systems market is set to soar, according to The Insight Partners, growing from $41.97bn in 2024 to $143.28bn in 2031 at an average annual rate of 17.91%.
European Union ambassadors are close to reaching an agreement on a new sanctions package aimed at reducing the Russian oil price cap, with measures impacting several energy and financial sectors.
SAEL Industries will invest $954mn in a solar factory in Greater Noida, boosting Indian manufacturing capacity and supporting the national strategy to localise photovoltaic component production.
India unveils a series of reforms on oil and gas contracts, introducing a fiscal stability clause to enhance the sector’s attractiveness for foreign companies and boost its growth ambitions in upstream energy.
Global photovoltaic inverter shipments increased by 10% in 2024, driven by the Asia-Pacific region, which accounts for nearly seven out of ten shipments, while China consolidates its influence on the sector.
BRICS adopt a joint financial framework aimed at supporting emerging economies while criticizing European carbon border tax mechanisms, deemed discriminatory and risky for their strategic trade relations.
Meeting in Rio, BRICS nations urge global energy market stability, openly condemning Western sanctions and tariff mechanisms in a tense economic and geopolitical context.
The global photovoltaic films market is expected to see significant growth, reaching $41.59bn by 2034 due to the development of new solar technologies and the increasing demand for encapsulation suited to these innovations, a recent study indicates.
Emerging economies from the BRICS group now account for more than half of global solar electricity production in 2024, driven mainly by China, India, and Brazil, according to a new report by the organisation Ember.
A Wood Mackenzie report estimates required battery investments at $1.2 trillion to integrate an additional 5,900 GW of renewable energy, highlighting battery storage systems' key role in stabilising electrical grids.
Adani Green Energy Limited becomes the first Indian company to achieve 15,539.9 MW of operational renewable capacity, cementing its position among the global top 10 independent green power producers.
The increase in oil drilling, deepwater exploration, and chemical advances are expected to raise the global drilling fluids market to $10.7bn by 2032, according to Meticulous Research.
According to the 2025 report on global energy access, despite notable progress in renewable energy, insufficient targeted financing continues to hinder electricity and clean cooking access, particularly in sub-Saharan Africa.
Estimated at $384.4mn in 2025, the global photovoltaic panel recycling market is expected to grow annually by 7.4%, reaching $548mn in 2030, driven by the rapidly increasing number of installations reaching end-of-life.
Estimated at $613.57bn in 2025, the global photovoltaic market is expected to reach $968.32bn by 2030, driven by declining costs and growing demand from residential and utility sectors, according to a MarketsandMarkets analysis published on June 26.
NPCIL has announced an extension until September 30 for industrial proposals concerning Bharat Small Reactors (BSR), following increased interest from the Indian private sector.
Driven by strong solar adoption, the global SCADA systems market for renewable energy is expected to reach $3.56bn by 2030, with an estimated average annual growth rate of 12.7%, according to MarketsandMarkets.
Global carbon capture and offset credit markets could exceed $1.35 trillion by 2050, driven by private investment, technological advances, and regulatory developments, according to analysis published by Wood Mackenzie.
The global solar tracker market is expected to reach $29.31bn by 2030, driven by a compound annual growth rate of 26.2%, notably supported by large-scale photovoltaic projects and recent technological advances, a new study reports.
According to DNV, global energy-related CO2 emissions are peaking this year due to the decreasing costs of renewables. However, increased efforts are necessary to meet the climate targets set by the Paris Agreement.
REC prices are expected to drop by 76% by 2050 in the Asia-Pacific region, falling from 46 to 11 USD/MWh, due to the massive increase in renewable energy generation in the region, according to a report by Wood Mackenzie.
The latest auction of oil blocks in India has sparked significant interest among local private players, but the persistent absence of international companies highlights ongoing doubts about the real opportunities in exploration.
India seeks to stabilize its power grid with a 6,000 MW tender for renewable energy projects coupled with storage solutions. This project aims to reach 500 GW of non-fossil capacity by 2030 and meet peak-hour demand effectively.
Vladimir Putin has announced the strengthening of energy alliances between Russia, the BRICS and OPEC+, with the aim of stabilizing the global energy market, despite the sanctions imposed by the West in response to the conflict in Ukraine.
Megha Engineering & Infrastructures Limited (MEIL) is developing two hydroelectric storage projects in Maharashtra, with a total capacity of 4,000 MW, marking a breakthrough in energy management in India.
BP is strengthening its presence in India through a series of strategic initiatives, in collaboration with Reliance Industries and Oil and Natural Gas Corporation (ONGC).
The aim is to increase local oil and gas production to meet the country's growing demand and enhance energy security.
BRICS energy ministers focus on the future of global energy markets, highlighting the de-dollarization of trade, despite the challenges of currency fluctuations and the complexity of oil trade.
Kazakhstan maintains its OPEC+ obligations despite a planned increase in production from its Tengiz field in 2025.
The Kazakh authorities are closely monitoring market developments to adjust their strategy.
India and China are accelerating the deployment of their solar and wind power capacities.
However, optimizing storage infrastructures and networks remains a major challenge to avoid energy losses.
Delectrik Systems will deploy a 3 MWh storage system for NTPC in India, marking a milestone in the optimization of long-term storage for the NETRA campus.
The Cove Point LNG plant, operated by Berkshire Hathaway Energy, is suspending operations for planned three-week maintenance, temporarily disrupting natural gas flows.
Zelestra has secured 132 million euros in financing for its 435 MW solar power plant in the Indian state of Rajasthan, confirming its expansion in India's renewable energy sector.
The development of carbon capture technologies is crucial to achieving decarbonization targets, but projects are not progressing fast enough according to experts.
RWE and AM Green Ammonia join forces to supply up to 250,000 tonnes of green ammonia per year, meeting the growing demand for sustainable energy.
This strategic partnership marks a significant step towards the decarbonization of industrial sectors.
Solar energy is experiencing unprecedented growth, with a projected increase of 593 GW by the end of 2024.
This momentum, driven by emerging markets and leaders such as China and India, is redefining the global energy landscape.
India is at a critical juncture, faced with growing energy demand and ambitious climate commitments.
Increasing coal production is raising major concerns about methane emissions, threatening the country's environmental goals.
Hygenco Green Energies, in partnership with REC Ltd, is launching an ambitious green ammonia project in India, with an investment of $280 million.
This initiative aims to promote sustainable energy solutions and support the transition to a low-carbon economy.
