India’s energy sector saw several major developments across gas, solar power, renewable energy, battery storage, and oil markets.
Gas demand rose sharply in June, while renewable developers sought financial relief over transmission bottlenecks. India also crossed 300 GW of non-fossil capacity, strengthening its clean energy expansion.
ACME Solar announced major capital spending plans, while rooftop solar adoption continued growing across Varanasi. Reliance Industries booked a supertanker for Iraqi crude amid higher shipping costs.
Meanwhile, Waaree Renewable secured a solar EPC order, and Serentica commissioned battery storage capacity. CESC also moved to acquire major operational renewable assets from ReNew Solar.
India’s gas demand increased 6.8 percent in June, surpassing levels recorded before the Iran crisis disrupted regional energy supplies. Total gas demand reached around 197 million standard cubic meters daily during the month, according to industry data.
LNG demand increased 13 percent from May, reaching nearly 110 million standard cubic meters daily. Alternative LNG supplies helped India replace some volumes affected by disruptions involving Qatar’s LNG facilities. Domestic gas production, however, declined slightly during June compared with both May and the previous year.
Renewable energy developers have requested financial relief worth up to INR 3,000 crore because transmission delays are affecting projects. Several renewable projects in Rajasthan are facing major power curtailment because transmission infrastructure remains incomplete.
Developers have sought bridge financing, repayment moratoriums, and longer loan periods to manage the resulting financial pressure. Some projects reportedly faced power curtailment between 80 percent and 90 percent because electricity could not reach transmission networks. Developers said prolonged delays are increasing financial losses while commissioned renewable projects remain unable to operate fully.
India crossed 300 GW of non-fossil power capacity, marking an important milestone in its renewable energy expansion. The country reached 300.5 GW of installed non-fossil capacity by July 31, according to government figures. Solar power contributed 164.59 GW, making it the largest contributor among non-fossil energy sources.
Wind power accounted for 58.14 GW, while hydropower contributed another 57.24 GW to total capacity. The milestone strengthens India’s progress toward its target of achieving 500 GW non-fossil capacity by 2030.
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ACME Solar is planning capital expenditure of up to INR 20,000 crore to expand renewable energy and storage projects. Chief Executive Officer Nikhil Dhingra said battery storage will remain a major focus for the company.
ACME Solar plans to deploy around 10 GWh of battery storage capacity during the current year. The company also has around 1.5 GW of firm renewable capacity scheduled for commissioning during FY27. ACME Solar has signed power purchase agreements covering around 4,000 MW across renewable energy projects.
More than 50,000 households in Varanasi have installed rooftop solar systems under the Prime Minister Surya Ghar scheme. Among them, 17,698 households are receiving zero electricity bills after adopting rooftop solar systems. Varanasi has developed more than 150 MW of solar capacity through rooftop and other renewable installations.
These rooftop systems generate nearly 7.50 lakh units of electricity every day across the district. The solar generation is helping households reduce electricity expenses while increasing local renewable power generation.
Chief Development Officer Prakhar Kumar Singh said 76,218 people in the district have applied under the scheme so far, and rooftop solar plants have been installed in more than 50000 homes.
Reliance Industries has booked a supertanker at record freight rates to transport Iraqi crude amid higher shipping costs. The company agreed to pay around USD 23-25 million for transporting approximately two million barrels of Iraqi crude.
The cargo will be loaded from Iraq’s Basrah Oil Terminal for delivery to India. Shipping costs have increased because regional tensions have disrupted normal tanker movements and increased vessel availability pressures. Lower Iraqi crude prices could help Reliance offset part of the unusually high transportation costs.
Waaree Renewable Technologies has received a Letter of Award for a 124 MWp ground-mounted solar photovoltaic project. The project has a corresponding capacity of 88 MWac and will be developed under an EPC contract.
The order was awarded by a domestic renewable energy solutions company, which was not named in the filing. Waaree Renewable said the project is classified as a commercial contract and will be completed during FY27. The company also confirmed that the contract does not involve a related-party transaction.
Serentica Renewables has commissioned the first 200 MWh phase of its planned 1 GWh battery energy storage system. The battery storage project is located in Bikaner, Rajasthan, which has become a major renewable energy development region.
The system will support round-the-clock renewable power delivery to commercial and industrial customers. Serentica expects the remaining 800 MWh phase to become operational within the next quarter. The project forms part of the company’s INR 1 trillion investment plan for renewable energy development in Rajasthan.
CESC’s renewable energy arm is set to acquire operational renewable assets from ReNew Solar for approximately USD 510 million. The transaction involves a 1.4 GW renewable energy portfolio spread across multiple projects in India. Most of the acquired capacity has long-term power purchase agreements, providing stable revenue visibility after the transaction.
The acquisition will significantly increase CESC’s renewable portfolio and strengthen its position in India’s clean energy market. The deal also supports CESC’s broader plans to build a much larger renewable energy platform.
Shashwat Goenka, Vice-Chairman of RPSG, said: “This acquisition gives us immediate operating scale, complements our strong pipeline of contracted capacity, and meaningfully brings forward the growth of the platform. We have always believed our renewable growth should combine disciplined greenfield development with selective acquisitions where they accelerate value creation, and the quality and long-term visibility of these assets made this a compelling opportunity.”
India’s energy industry is expanding across renewable power, natural gas, battery storage, and conventional fuel markets. The country’s 300 GW non-fossil capacity milestone highlights the rapid growth of clean energy infrastructure. At the same time, transmission bottlenecks remain a major concern for renewable developers across key states.
Companies including ACME Solar, Waaree Renewable, Serentica, and CESC are continuing to expand their energy portfolios. These developments show that investment, storage, transmission infrastructure, and reliable power supply will remain key industry priorities.
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