The JV plans to develop the renewable projects (solar, wind, hybrid, floating solar, BESS, pumped-storage hydropower) in phases, with an initial capacity of 500 MW to ramp up to 2 GW, and to eventually scale up to 5 GW.

Despite the global push for transition to cleaner sources of energy, India’s crude oil refining capacity is set to expand — to 450 million tons by the end of the decade from about 250 million tons now — on the back of growing domestic and overseas demand for oil products.

The discussion centred on new approaches to the efficient allocation of nuclear energy resources, current industry trends and prospects for cooperation between participating countries for balanced global development and energy security.

India’s imports of Russian crude are on track to hit 2.15 million barrels a day in April, the biggest monthly volume since May 2023, according to data from Kpler. Shipments have climbed since tumbling to a 14-month low in February.

Joint Indian-Russian operators are already managing the countries second airport at Hambantota, which is being repositioned as a tourist arrivals hub from East Asia. Sri Lanka is a member of the SAARC trade bloc, and has also applied to join the BRICS.

Current Russia-India bilateral trade is running at US$66 billion with a target to increase this to US$100 billion by 2030.

Hindustan Petroleum Corp. Ltd. is building an 80,000 mt underground LPG rock cavern in Mangalore, which is expected to be operational by mid-2025, company and government officials said.

Asia more than doubled its installed solar capacity, with 327 GW added in 2024, including 85% (278 GW) in China and 10% (24.5 GW) in India; in addition, over 38 GW of solar capacity was installed in the United States, while Brazil and Germany each added over 15 GW.

India’s energy landscape is a study in contrasts. On one hand, the country is a global leader in renewable energy adoption, with ambitious targets for solar and wind power. On the other, coal remains the backbone of its energy mix, accounting for 55% of the national energy supply and over 74% of power generation.

In the global race to achieve net-zero emissions, India stands at the threshold of a transformative clean energy revolution. Green hydrogen, a fuel produced through water electrolysis using renewable sources, has captured attention for its immense potential to cut carbon emissions and drive economic growth.

Russian oil products exports remain resilient with volumes climbing last month to the highest in a year, despite repeated drone strikes against the country’s refining operations.

Минэнерго России планирует совместно с Экспертным советом БРИКС и при поддержке МИД России проводить активную работу, направленную на консолидацию позиции БРИКС в рамках других международных структур, прежде всего ООН и «Группы двадцати».

India is forging ahead with its ambitious target of achieving 500 GW of renewable energy capacity by 2030, as reaffirmed by industry leaders at the recently concluded India Energy Week 2025.

Demand for the super-cooled fuel from the world’s fourth-largest buyer will rise to an annual 64 billion cubic meters by 2030, up from 36 billion last year, according to the IEA’s latest report on the Indian gas market, published on Wednesday.

Indian Railways has been seen as a potential joint venture partner for nuclear projects for many years: as long ago as 2017 NPCIL said it planned a joint venture with the state-owned enterprise.