Sunday, October 25

Tag: India energy transition.

Daily Energy News Updates
News Update

Daily Energy News Updates

1. India Fast-tracks Hydrogen in Industrial Transition India’s green hydrogen ambitions moved beyond policy rhetoric in 2025. The government’s ₹19,744 crore National Green Hydrogen Mission aims for 5mn tonnes annual production by 2030, with initial facilities taking shape in Gujarat’s industrial belt, Odisha’s port complexes and Tamil Nadu’s renewable corridors. Production costs remain challenging at $3-5 per kilogram, well above the $1 threshold needed for commercial viability against fossil alternatives. However, manufacturers are banking on scale economics and improved electrolyser technology to bridge this gap within five years. Industrial buyers face mounting pressure from global supply chains demanding carbon-neutral inputs. Fertiliser producers, oil refineries and steel mills—sec...
REC reports record profits, drives renewable financing
News Update

REC reports record profits, drives renewable financing

By Newscript News Network August 21, 2025 Rural Electrification Corporation (REC) delivered a stellar Q1 FY26 performance with net profit up 29% year-on-year to ₹44.51 billion. Total disbursements surged 36% to ₹595.08 billion, with renewable energy lending rising 35%.   The state-run financier declared a ₹4.60 interim dividend and a ₹2.60 final dividend for shareholders. Analysts say REC has emerged as a key beneficiary of India’s renewable investment wave, with a growing loan book in solar, wind and hybrid projects.   “REC’s balance sheet resilience gives it the flexibility to back India’s 500 GW by 2030 target,” said a Mumbai-based power sector analyst.  
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