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Source: Statistical Review of World Energy 2025
The Statistical Review of World Energy 2025 introduces total energy supply (TES), a metric that is aligned with the United Nations’ guidelines ,replacing primary energy consumption that was used until 2024. TES harmonises the dataset with reporting from the International Energy Agency (IEA), the US (United States) Energy Information Administration (EIA) and other energy institutions. TES is the actual amount of energy available to meet national energy demand. It accounts for production and imports, subtracts exports and storage, and adjusts for losses during conversion and transmission. It captures the energy that reaches end users in a usable form. The older metric of primary energy consumption tended to treat all energy sources as if they had the same conversion losses.
The statistical review highlights a complex and "disorderly" energy transition, characterised by both rapid advances in clean energy and continued reliance on fossil fuels. Globally, wind and solar grew nearly nine times faster than total energy demand, while fossil fuels also grew by just over 1 percent in 2024. Global fossil fuel supply was over 512 exajoules (EJ) in 2024 and 1 percent increase in supply added almost twice as much energy supply compared to renewable energy (RE), excluding hydro and nuclear energy.
The US was the world’s largest oil producer, accounting for a fifth of global production in 2024. Its production in 2024 was equal to the combined output of Saudi Arabia and the Russian Federation. Oil was the largest source of energy, meeting 34 percent of total global demand in 2024. Although slowing, global oil demand increased by 0.7 percent to breach the 101 million barrels per day (mb/d) for the first time. China’s oil demand declined by 1.2 percent in 2024, leading to the observation that China’s oil demand may have peaked in 2023. Although coal reached a global record level of demand at 165 EJ in 2024, over 72 percent of demand was from three countries: China, India and Indonesia. China alone accounted for over 55 percent of global coal demand and 67 percent of coal demand from Asia Pacific. Over the past 10 years, coal’s share of China’s power generation fleet has fallen from 70 percent to 58 percent. Wind and solar met 53 percent of the global increase in generation. Generation from renewables, including hydro, met 32 percent of global electricity supply last year. China was host to 47 percent of the world’s total installed solar and wind energy capacity in 2024, twice the installed capacity of wind and solar in the US and Europe combined.
India’s TES (excluding unprocessed biomass) of 38.76 EJ in 2024 was the third largest after China and the US, accounting for about 6.5 percent of the global total. India’s TES grew at over 4.3 percent in 2024, but Indonesia, Philippines and Vietnam, leading manufacturing economies of Asia, demonstrated higher growth in demand for energy. India’s TES in 2024 consisted of 59 percent coal (28 percent global share of coal), 28 percent oil (34 percent global share), 6.5 percent natural gas (25 percent global share), 3 percent renewables (6 percent global share), 1.5 percent nuclear energy (5.2 percent global share) and 1.4 percent hydropower (2.7 percent global share).
India’s oil consumption grew at over 3 percent to 5.6 mb/d in 2024. India’s oil consumption was the third largest after the US and China, and it accounted for about 5.5 percent of the global total. India’s gas consumption grew at about 13 percent to over 70 billion cubic meters (BCM) in 2024. India’s LNG (liquefied natural gas) imports grew at over 24 percent to 37.9 BCM in 2024. India was the fourth largest LNG importer after China, Japan and South Korea. India’s coal consumption, which was about a fourth of that of China, recorded a consumption growth rate of about 3.7 percent in 2024. Coal’s share in electricity generation in India has remained at around 75 percent over the last ten years. Nuclear generation increased by over 13 percent while hydro power generation increased by about 4.5 percent in 2024. Growth rate of power generation from renewables slowed to about 8.4 percent in 2024, slower than the double-digit growth rate recorded in the last ten years.
India’s per capita TES (excluding unprocessed biomass) was 26.72 giga joules (GJ) in 2024, compared to the global average of 72.56 GJ. India’s carbon dioxide (CO2) from energy grew by over 4 percent to about 2.9 billion tonnes in 2024. Though India’s CO2 emissions are the third largest in the World, in quantitative terms it is only about a fourth of CO2 emissions from China, the largest emitter and about half of that of the US, the second largest emitter.
India
Inox Solar, part of Indian conglomerate INOXGFL Group, has secured a site in the eastern state of Odisha to build a manufacturing plant capable of producing 4.8 gigawatt (GW) of solar cells and 4.8 GW of solar modules annually. The government of Odisha has allocated land in Dhenkanal for the project. Inox Solar is part of Inox Clean Energy, which is one of the renewable energy business units of INOXGFL. Its first solar module factory in Gujarat, with an initial capacity of 1.2 GW, was projected to be operational by March. INOXGFL’s project comes as the latest investment in India’s solar manufacturing sector, which is currently gaining pace.
Clean energy player Waaree Energies Ltd announced the launch of its solar cell facility, having a capacity of 5.4 GW at Chikhli in Gujarat. The facility is spread across 150 acres, with a built-up area of 101 acres. The launch of one of the largest solar cell facilities embodies the spirit of Atmanirbhar Bharat and stands as a tribute to India's growing prowess in the global renewable energy landscape.
India became the world’s third-largest producer of electricity from wind and solar energy in 2024, overtaking Germany. As per the global energy think tank Ember’s Global Electricity Review, wind and solar together generated 15 percent of global electricity last year. India’s share stood at 10 percent. In India, clean sources accounted for 22 percent of the electricity generation. Hydropower contributed the most at 8 percent, while wind and solar together accounted for 10 percent. India, too, saw a rapid increase in solar power. Solar contributed 7 percent of the country’s electricity in 2024, the generation doubling since 2021. India added 24 GW of solar capacity in 2024, more than twice the addition in 2023, becoming the third-largest market after China and the United States (US).
In a bid to introduce the use of green energy extensively in tractor manufacturing, Swaraj Tractors, a division of the Mahindra Group, has announced its collaboration with Mahindra Susten, the group’s clean-tech arm, to establish Punjab’s largest solar group captive project, a 26 megawatt (MW) solar energy installation in Bathinda district. The solar energy project will supply clean energy to four Swaraj Tractors’ manufacturing facilities located in Mohali and Dera Bassi in Punjab. As per the company, the project is expected to generate approximately 60 million kilowatt hour (kWh) of renewable energy annually, contributing to the abatement of around 54,600 tonnes of CO2 (carbon dioxide) emissions.
Renewable energy projects in Rajasthan, India’s leading solar state, are expected to become more expensive and face delays due to a recent amendment to the state’s land registration laws, industry experts said. The Rajasthan government has made it compulsory for companies to pay stamp duty when signing an agreement for sale or leasing land for solar projects, as both types of agreements must now be registered. New renewable energy projects in Rajasthan would see at least 8-10 percent increase in land expenses due to registration charges and stamp duties. Rajasthan tops Indian states in installed renewable energy capacity, at about 30 GW, and Indian companies have pledged billions of rupees in investments in the state. Solar projects require large tracts of land, typically ranging from at least 50 to 100 acres to build 10-20 MW. With abundant land and high solar radiation, the desert state of Rajasthan stands out as a top choice. India’s clean energy sector has been facing obstacles, including weak demand for tenders, delays in power agreements and project cancellations. Issues such as the non-availability of land in resource-rich areas, site accessibility problems and complexities in land aggregation have already posed major challenges to clean energy deployment, according to the Council on Energy, Environment and Water (CEEW) report. The share of land cost in the overall project expenses has more than doubled and is expected to increase further in areas with strong connectivity and clean energy potential.
Chandigarh and the Union Territory of Daman & Diu have successfully achieved 100 rooftop solar installation targets for government buildings, marking a significant milestone in India’s renewable energy journey. This accomplishment aligns with the national goal of promoting solar energy and reducing carbon emissions. The initiative is part of the central government’s broader strategy to encourage solar power adoption across the country. By equipping government buildings with rooftop solar panels, these regions are setting an example for other states and territories to follow. Chandigarh, known for its planned infrastructure, has leveraged its urban design to maximise solar energy generation. Similarly, Daman & Diu, with its smaller geographical footprint, has demonstrated how even smaller regions can achieve significant progress in renewable energy adoption. Chandigarh and Daman & Diu’s success serves as a model for other states and union territories, showcasing the feasibility and benefits of transitioning to clean energy. As India continues to push for a sustainable future, such milestones are critical in achieving the nation’s ambitious renewable energy targets.
The New Delhi Municipal Council (NDMC) held its first council meeting following the Delhi Assembly elections, focusing on key civic initiatives, including a push for 100 percent solar energy adoption by 2026 and providing 9,000 new water connections across 34 JJ clusters in the next six months, benefiting 47,000 residents. NDMC announced that the civic body would offer subsidies matching those provided by the central government to encourage residents and commercial establishments to install solar panels.
Maharashtra will soon roll out an independent solar power scheme to complement the Centre's ‘PM Surya Ghar Free Electricity' initiative, which provides rooftop solar panels to households consuming up to 300 units of electricity. The announcement was made in the legislative assembly, emphasising the state’s commitment to reducing electricity costs and promoting clean energy.
According to SJVN Ltd, the Phase-1 of the 1,000 megawatt (MW) Bikaner Solar power project, being set up by its arm SJVN Green Energy Ltd (SGEL), has started 241.77 MW of commercial power supply. The project is slated for full commissioning by September 30, 2025. Upon completion of the project, SGEL will supply solar power to three states -- Rajasthan, Jammu & Kashmir and Uttarakhand. SJVN looks to become a 25,000 MW company by 2030 and 50,000 MW by 2040.
Indraprastha Gas Limited (IGL) has approved a major renewable energy project to set up a solar power plant in Rajasthan. The company will invest INR20.66 billion (bn) (US$0.24 bn) in this project as part of its strategy to expand into clean energy and achieve its net zero targets. The proposed 500 megawatt peak (MWp) solar power plant will be established in partnership with Rajasthan Vidyut Utpadan Nigam Limited (RVUNL), a state-run power company. The project will be developed through a joint venture, where IGL will hold a 74 per cent stake, and RVUNL will own the remaining 26 per cent. RVUNL will provide land for the project at its upcoming solar park in Bikaner and will also assist in power transmission.
NTPC has commissioned a 50 MW unit of Shajapur solar project in Madhya Pradesh (MP), taking the group’s total installed and commercial capacity to 77,461.50 MW. As per the NTPC, second and last part capacity of 50 MW out of 105 MW Shajapur Solar Project (Unit-I) in Shajapur Solar Park, MP of NTPC Renewable Energy Limited (NTPC REL) is declared on commercial operation. The first part capacity of 55 MW has already been declared on commercial operation on 29 November 2024. With this, the total installed and commercial capacity of NTPC group has become 77,461.50 MW.
NTPC Green Energy Ltd has commissioned a 90 MW unit of Dayapar Wind Energy Project Phase-I in Gujarat. The first part capacity of 50 MW has already been declared on commercial operation effective 4 November 2023. NGEL said NTPC-MAHAPREIT Green Energy has been incorporated in JV with Mahatma Phule Renewable Energy and Infrastructure Technology Limited (MAHAPREIT). The 74:26 joint venture will be engaged in the business of developing, operating and maintaining renewable energy parks comprising Solar/Wind/Hybrid projects with or without storage up to 10 GW capacities in Maharashtra and any other state in India.
Prime Minister (PM) Narendra Modi reiterated India’s commitment to sustainable energy through nuclear power. Union Minister Jitendra Singh mentioned opening up the nuclear energy sector to private players, its rise in recent years and the challenges faced even as electricity demand in the country is projected to triple by 2047. As per the minister, more than expanding capacity, the focus is now on “developing indigenous technology.” The government has set a target of 100 GW nuclear power capacity by 2047. The current nuclear power capacity is 8.18 GW. To achieve the target, the government has launched Nuclear Energy Mission for Viksit Bharat.
Taking a step towards its green energy commitments, the Andhra Pradesh Government, which has partnered with Reliance Industries Ltd (RIL) division, Reliance New Energy Ltd, saw the laying of foundation to set up 500 Compressed Biogas (CBG) plants across Andhra Pradesh. The state-of-the-art plant, spanning 475 acres, is being developed with an investment of INR1.39 bn and will have a production capacity of 100 tonnes. The total investment is estimated to be to the tune of INR650 (US$7.57) bn with potential of 2.5 lakh jobs over five years with each plant having a capacity of 22 tonnes per day and generating employment for 500 individuals. Additionally, the project will utilise wasteland for energy plantations, promoting sustainable agricultural development.
Mysuru City Corporation (MCC)'s ambitious waste-to-energy project at the Vidyaranyapuram solid waste management plant marks a significant step towards sustainable urban development. The plant, once operational, will help address the growing waste management challenges while generating renewable energy. According to MCC commissioner about Bharat Petroleum Corporation Limited (BPCL)'s proposal to produce biogas from the organic waste collected daily, in Mysuru. The corporation has forwarded the proposal to the government for approval. The plan involves BPCL establishing an INR600 (US$6.98) mn facility at the solid waste management plant to convert organic waste into biogas. This non-profit initiative will process approximately 200 tonnes of organic waste daily. BPCL will be using the generated biogas fuel and help the corporation manage a portion of its daily waste collection. The commissioner confirmed that they have already identified a location for establishing this facility. The project aligns with MCC's ongoing efforts to manage waste. Clearing close to 7 lakh tonnes of accumulated waste is progress, with 40 percent of it already processed. The project represents a crucial milestone in Mysuru's journey towards becoming a zero-waste city. It demonstrates how urban local bodies can innovatively address waste management challenges while promoting renewable energy generation.
According to a report by energy think tank Ember, renewable power generation provided a record 32 percent of global electricity last year as overall electricity demand grew 4 percent driven by heatwaves and data centres. Energy security fears, exacerbated by a trade war prompted by US President Donald Trump’s sweeping tariffs, could further boost demand for renewable power this year, Ember electricity and data analyst Euan Graham said. Graham said, though it was too early to tell whether the tariff fallout would impact electricity demand this year, renewable power could benefit. The growth of renewable power generation - including wind, hydro and solar - in the global electricity mix in 2024 beat the previous year’s 30 percent record, Ember’s Global Electricity Review showed.
Global renewable energy capacity registered record growth in 2024 but progress is still falling short of the 2030 renewable capacity target, International Renewable Energy Agency (IRENA) report showed. About 92.5 percent of energy capacity added in 2024 came from renewables, at 585 GW, marking record annual growth of 15.1 percent and lifting total renewables capacity to 4,448 GW. However, progress remains below the 11.2 terawatts needed to meet the Paris climate agreement and the global goal of tripling installed renewable energy capacity by 2030, which demands an annual growth rate of 16.6 percent. Almost 64 percent of new global renewable capacity was built in China, which alone added 278 GW of solar capacity last year. Solar and wind energy remained the fastest-growing renewables, together accounting for 96.6 percent of all net renewable additions in 2024.
Fossil fuels accounted for less than 50 percent of the US power mix for the first month on record in March driven by a near-quarter rise in wind and solar power generation. Electricity generated from fossil fuels, including coal and natural gas, slipped to 49.2 percent in March, down from 57 percent on the month. More power was instead generated using renewable sources such as wind and solar, which in March reached an all-time high of 83 terawatt hours (TWh), or 24.4 percent share of the total power mix. The electric power sector is planning to add 32 GW of solar generating capacity this year, according to the Energy Information Administration (EIA), which will drive a 33 percent uptick in solar generation in 2025. Fossil fuels accounted for less than half of the US power mix in March for the first month ever.
Solar technology company Terabase Energy has secured a funding of US$130 mn, led by SoftBank, to scale its technology deployment for large solar projects. The funding round, the largest in the company's history, brings Terabase Energy's total funding to US$200 mn. Despite 84 percent of the new electricity generation capacity added to the US power grid last year coming from solar and energy storage, the sector faces a challenging future due to the US government's new energy policies encouraging fossil fuels.
Shell is discontinuing its solar and onshore wind power generation projects in Brazil, as part of a "portfolio adjustment", the company said. The move comes amid an unfavorable environment for renewable power investments in Brazil, where projects have struggled to be implemented due to oversupply of energy, a slow growth in demand and regulatory questions. It also follows Shell’s new global strategy, which included reducing spending on low-carbon and renewable businesses. In recent months, the company has been seeking to revoke with Brazil energy regulator its rights to operate some solar plants in the country’s center-west and northeastern regions. Shell said the operations being discontinued are from centralized power generation plants, which are the ones of large-scale. The firm said it will continue to operate Prime Energy, a firm that has smaller solar generation assets in Brazil, part of a segment called "distributed generation".
Cuba is making progress on a China-backed plan to install more than 50 solar parks this year capable of churning out more than 1,000 MW, the energy ministry said, just days after the country’s antiquated grid collapsed and left millions in the dark. In the most detailed report yet on the plan's progress, two solar parks had come online in February - one in Havana and one in Cienfuegos - and that by the end of March, workers would complete six more. By the end of March, eight of the planned 50 solar parks will be operating, producing 170 MW, the ministry said. The goal by 2030 is to generate 24 percent of total electricity production using renewable sources, up from around 4 percent currently. That goal includes building 92 solar parks, the government has said, in addition to battery storage facilities, hydro- and wind-generation projects. Cuba and China struck a deal last year in which Beijing agreed to help the island’s Communist-run government boost solar production. China recently said it was donating materials and expertise to build 22 more solar parks across Cuba capable of generating 120 MW, starting this year.
France is currently on course to miss its offshore wind installation target unless permitting and a more favourable investment climate is created, a new research claims. The Institute for Energy Economics for Financial Analysis (IEEFA) claimed in its new paper that France has a very low share (11 percent) of its electricity demand covered by wind power, while offshore wind is just 1 percent. Since 2011, France has carried out numerous tenders to develop offshore wind, but projects from only one tender round have started operations. Currently, only 1.5 GW of the 8.65GW of capacity awarded or due to be awarded in tenders is operational. It took the winning bidders 10 years to install the first 500 MW and a further two years for the next gigawatt.
Britain’s Octopus Energy said its Octopus Energy Generation business had acquired a 10 percent stake in the East Anglia One wind farm, one of the world’s largest operational wind farms, powering around 700,000 homes a year. The deal, financial terms of which were not disclosed, is the fourth investment by the unit in a British offshore wind farm and its seventh in Europe. Octopus Energy Generation manages a portfolio of around 1.7 GW of renewable power in Britain worth 5 bn pounds (US$6.5 bn), and has projects in several other countries such as Germany and the United States. The 714 MW wind farm, 43 kilometres (27 miles) off the coast of eastern England, has 102 turbines. Octopus bought the stake from Macquarie Asset Management on behalf of Vector, Octopus' innovative offshore wind fund, which invests in fixed and floating offshore wind and pioneering technology to reduce costs. Octopus plans to participate in France’s offshore wind tender and develop a new offshore wind farm in partnership with Skyborn Renewables. Last year, Britain’s Labour government ended an effective ban on new wind farms in England. It has a goal to decarbonise the country’s electricity system by 2030 and has set out plans to help unblock infrastructure projects as it seeks to boost renewable power capacity. GB Energy will lead a 200 mn pound (US$260 mn) solar panel project for hospitals and schools, Britain said, in the first investment for the state-owned company since it was set up last year with the aim of lowering energy bills. A key part of the Labour government’s plan to improve public services in Britain and help revive the economy, GB Energy was established in October to drive investment in renewables. GB Energy will pay for solar panels on the roofs of schools and hospitals, in this first major project, with the first installations expected to be made this summer, the government said.
Greece’s Public Power Corporation plans to invest €5.75 bn (US$6.4 bn) in the country’s Western Macedonia region to create a green energy and technology hub for Greece and southeastern Europe, the company said. The plan includes a €2.3 billion, 300 MW data center at the Agios Dimitrios power plant. The facility, which would rank among the largest in Europe, could be operational by 2027 and potentially scaled up to 1,000 MW, subject to the level of demand, PPC said. The company intends to invest 1.2 billion euros to develop solar parks on former mining sites in Western Macedonia, providing a combined capacity of 2,130 MW.
The European Commission handed Spain a victory when it instructed the country not to pay any compensation in a case related to claims amounting to billions of euros on renewable energy subsidies cut more than a decade ago. Foreign investors, mostly investment funds, took legal action against Spain after the previous conservative government cut renewables subsidies in 2013 to reduce a power tariff deficit built up through years of artificially low prices. The EU (European Union) Commission, after a long-running investigation, said that paying the arbitration would breach EU state aid rules, which prevent governments from giving unfair advantages to one firm over competitors.
Abu Dhabi’s renewable power company Masdar has bought Valle Solar, one of the largest photovoltaic solar projects in Spain’s Valencia region. The project, expected to be operational by the first half of 2027, will feature a 234 MW solar plant with a potential 259 MW battery energy storage system. Masdar is in the early stages of considering an initial public offering in Abu Dhabi to raise funding for renewable projects.
Masdar and Spanish power utility Endesa are closing in on a deal that would see Masdar pay around US$200 mn for a 49.9 percent stake in a solar portfolio controlled by Endesa. The deal for the roughly 450 MW portfolio builds on the existing partnership between the companies and would further expand Masdar’s operations in Spain, a country it sees as key for its European growth. In July last year Masdar took a minority stake in a 2 GW solar portfolio controlled by Endesa.
Tunisia granted licenses to four international firms to build solar farms with a total capacity of 500 MW, together worth 1.2 bn dinars (US$386.31 mn), the energy ministry said. Licenses were awarded to French firm Qair International SAS to build two plants with a total capacity of 300 MW, Voltalia for a 100 MW solar farm, and Norway’s Scatec and Japanese firm Aeolus, a unit of Toyota Tsusho, for a 100 MW project, the ministry said. The projects are the first to be awarded in Tunisia's international tender for renewable energy projects with a total capacity of 1,700 MW. The Tunisian government last year approved a plan to develop 1,700 MW of renewables capacity by 2027, looking to save $200 mn annually by reducing use of natural gas. Tunisia, mostly dependent on gas-fired power, aims to generate 35 percent of its electricity from renewable sources by 2030.
9 April: Reliance Industries Ltd (RIL) has shut a crude unit and some secondary units for maintenance for 21 days at its 660,000 barrels per day (bpd) domestic market-focussed refinery, traders said. RIL, operator of the world’s biggest refining complex at Jamnagar in Western Gujarat state, has two refineries at the complex with a combined capacity to process about 1.4 million bpd of crude oil. The shutdown includes maintenance shutdown of a diesel hydrotreater among other secondary units.
14 April: The consumer affairs ministry has framed draft rules for gas meters under the Legal Metrology (General) Rules, 2011, which make it mandatory for all gas meters used for domestic, commercial, and industrial purposes to undergo testing, verification and stamping prior to their use in trade and commerce. The ministry said the primary objective of these new rules was to ensure accuracy, transparency, and reliability in the measurement of gas. The rules will provide a structured compliance framework for manufacturers and gas distribution companies, aligned with international best practices and International Organisation of Legal Metrology standards.
11 April: GAIL India Ltd issued a tender to buy an up to 26 percent stake in a liquefied natural gas (LNG) project in the US (United States) combined with a 15-year gas import deal, aiding New Delhi’s efforts to narrow its trade surplus with Washington. India is racing to become one of the first to agree a trade deal with the US, as President Donald Trump’s announcement of sweeping tariffs has triggered a trade war with China and efforts by other countries to negotiate. India’s largest gas distributor GAIL has invited initial bids from companies as it seeks to buy equity in an existing LNG liquefication project or a new project that would be commissioned by 2030 at the latest. The US is already the second biggest supplier to India, one of the fastest growing economies in the world. Qatar is the biggest LNG supplier to India. GAIL wants 1 million metric tonnes per year of LNG from a plant in the US on a free-on-board basis for a period of 15 years. The deal could be extended by five to 10 years. GAIL wants to start taking LNG from the US project by 2029-2030. The last date for the US projects to submit bids is 28 April. To boost its US energy imports, India is also considering scrapping its import tax on US LNG to make it more price competitive, and help trim its US$45.7 billion trade surplus with the US. GAIL had to stall a similar process in 2023 to buy a stake in a US LNG plant after then-President Joe Biden banned export permits for pending and new LNG projects. India is the world’s fourth largest LNG importer and aims to raise the share of gas in the country's energy mix to 15 percent by 2030 from 6.2 percent. GAIL has contracted to buy 15.5 million tonnes annually of LNG, including supplies from the Australia, Qatar and the United States and traders Vitol and Adnoc, according to its annual report for 2023-24.
10 April: India’s natural gas consumption is expected to climb by nearly 60 percent by 2030, pushed by growing demand in the city gas distribution (CGD) sector and increased use across transport, cooking, and industry. A new study by the Petroleum and Natural Gas Regulatory Board (PNGRB) revealed that daily gas consumption are likely to rise from 188 million metric standard cubic metres per day (mmscmd) in 2023–24 to 297 mmscmd by 2030 under the “Good-to-Go” scenario. This scenario assumed moderate economic growth and policy progress in line with current trends and government commitments. Looking further ahead, demand is projected to reach 496 mmscmd by 2040 under the same scenario. However, under a more optimistic “Good-to-Best” outlook, factoring in favourable policies, faster development, and greater investments, consumption could jump to 365 mmscmd by 2030 and hit 630 mmscmd by 2040. India is targeting a rise in the share of natural gas in its energy mix to 15 percent by 2030, up from the current 6–6.5 percent, as part of its efforts to shift towards cleaner energy and meet net-zero emission goals by 2070. So far, the PNGRB has awarded city gas licences covering 307 geographical areas (GAs), extending gas infrastructure to most parts of the country.
15 April: The Singareni Collieries Company Ltd (SCCL) is all set to mine coal outside Telangana for the first time in its 13 decades of existence with the commencement of production in the mine allotted to it in the Naini Block in Odisha, about nine years after the allotment of mine to it. Deputy Chief Minister (CM) M Bhatti Vikramarka, who handles the portfolios of Energy and Finance, will officially launch the mine on 16 April. At its peak, 10 million tonnes (MT) of coal could be produced from the mine in a year and its lifetime is 38 years.
13 April: India’s largest power producer NTPC Ltd has sourced 3 million tonnes (MT) of the dry fuel directly from commercial miners in the past six months as part of a new coal procurement strategy for its doorstep delivery model. The move is aimed at increasing the availability of coal for electricity generation during the upcoming summer season, the company said. Under the doorstep delivery concept, the commercial coal miner -- chosen through an auction -- is responsible for transporting coal to the company. Earlier, NTPC used to procure a large share of its coal requirement from Coal India Ltd. In the last six months, NTPC has sourced around 3 MT of thermal coal through multiple procurement tenders. Coal India cannot be a bidder in the auction, and the winning party cannot supply coal bought from Coal India either. Market analysts said NTPC is the largest buyer of coal from Coal India, and if in the long run this procurement model succeeds, it will impact the sales of the miner. For FY26, Coal India has set a production target of 875 MT.
12 April: Union Minister of Coal and Mines G Kishan Reddy has concluded a two-day visit to South Eastern Coalfields Limited (SECL), aimed at reviewing mining operations, assessing Corporate Social Responsibility (CSR) initiatives, and strengthening coordination with state authorities. The visit focused on boosting coal production, advancing sustainable mining practices, and promoting inclusive development in the region. Reddy held a high-level meeting with Chhattisgarh Chief Minister (CM) Vishnu Deo Sai. Discussions centred on accelerating mining-led economic growth in the state and addressed key areas such as expediting land acquisition for mine expansion, streamlining environmental clearances, and developing integrated rehabilitation and resettlement sites. The strategic importance of critical mineral development in Chhattisgarh was also a key highlight.
9 April: Meghalaya Chief Minister (CM) Conrad K Sangma said eleven more miners are all set to get the mining opening permission for starting scientific mining of coal in the state soon. As of now three miners have started extracting coal using scientific mining methods as prescribed by the Central authorities and they are dealing with issues of safe transportation, he said. He said that as per the latest information, 11 more miners are awaiting permission from the coal ministry to extract coal in the state. The CM had virtually inaugurated the first scientific coal mining block at Saryngkham-A block in the Byndihati East Jaintia Hills district. In January 2025, the ministry had approved three coal mining leases which include Saryngkham-A and Lumia-khi-Wah Sarang in East Jaintia Hills and Pyndeng-shalang in West Khasi Hills. Rat hole mining was banned by the National Green Tribunal (NGT) following numerous complaints on its devastating impact on the environment besides a series of coal mine tragedies in Meghalaya.
15 April: Advait Energy Transitions advanced 5.61 percent to INR1303.10 after the company announced that it has been confirmed as the L1 (lowest bidder) successful bidder for a power supply project in Gujarat. Specifically, the company secured the turnkey contract for the supply, installation, testing, and commissioning of 11 kilovolt (kV) Medium Voltage Covered Conductor (MVCC) systems, including accessories, to enhance the reliability of the power network in the Bhavnagar Circle of PGVCL. This project, under the system improvement (SI) scheme, is to be completed within 12 months. Advait Energy Transitions is engaged in the manufacturing and supply of power transmission products such as stringing tools, OPGW and OFC cables, ACS, ERS, and OPGW joint boxes, which are the products and solutions tailored for power transmission, substation, and telec.
10 April: Delhi’s peak power demand surged to 5,462 megawatt (MW) — the highest recorded this year so far, according to the State Load Dispatch Centre (SLDC) data. This marked a sharp rise from peak of 5,029 MW. Delhi Power Minister Ashish Sood said the city’s peak power demand could touch 9,000 MW this season. Tata Power-DDL successfully met the summer peak demand of 1,670 MW— the highest recorded so far this season — ensuring uninterrupted power supply across its network. The company’s robust power arrangements, including long-term tie-ups and the strategic deployment of Battery Energy Storage Systems (BESS) at Rohini, played a key role in maintaining a reliable and resilient supply amid soaring temperatures. Power distribution company BSES recently said that it was fully prepared to meet the escalating demand and has made extensive arrangements to ensure uninterrupted electricity supply to nearly 20 million residents across the city. The city’s power demand crossed the 8,000 MW threshold for the first time last year and has been steadily rising since breaching the 7,000 MW mark in 2018. Compared to 2002, when the peak demand was 2,879 MW, this year’s expected peak represents a threefold increase.
14 April: The Nagaland government launched a scheme for installation of residential rooftop solar power systems in convergence with a central programme Surya Ghar: Muft Bijli Yojana. Chief Minister (CM) Dr Neiphiu Rio said the government has taken major steps to address the power deficit faced across the state by launching the Nagaland Solar Mission. To support the green energy revolution, the state has decided to support this initiative through an additional state subsidy of up to INR50,000 for up to 3 kilowatt (KW) provided through budgetary support. He said the state and central governments’ subsidy together will cover most of the cost of installing solar power for households. He urged the citizens of Nagaland to reap the benefits of the transition to sustainable solar power production. Power Minister K G Kenye said access to rooftop solar installation will be affordable and thus he anticipates a positive response and contribution of the public to achieve the objective of Nagaland’s green energy revolution.
14 April: Himachal Pradesh Chief Minister (CM) Sukhvinder Sukhu laid the foundation stone of an 1 megawatt (MW) solar power plant at Dhanwas in the remote Pangi Valley in Chamba district. The project, estimated at a cost of INR105 million, is scheduled for completion before November. Once operational, the solar power plant will guarantee uninterrupted power supply to all 19 Panchayats of Pangi Valley, even during the harsh winter months. The project includes a 500 kilowatt (kW) battery storage system to provide electricity during nighttime, effectively eliminating load shedding and bolstering the region’s power distribution network. Spread over 2.2 hectares, the plant will feature 2,400 solar panels dedicated to clean energy generation. The CM emphasized the government’s focused efforts on harnessing renewable energy to improve the quality of life in remote and far-flung regions.
13 April: Simari, a remote border hamlet along the Line of Control in Jammu and Kashmir, will have a steady supply of electricity with a solar power project installed jointly by the Indian Army and a Pune-based foundation. Perched high in Kashmir’s rugged Karnah Valley, Simari has long been defined by its isolation. The village, one half of which lies in Pakistan-occupied Kashmir, holds deep strategic and democratic importance as India’s polling booth number 1. When villagers appealed for help, Army’s Chinar Corps answered under Operation Sadbhavana, partnering with Aseem Foundation to craft a solution that would not only power homes but transform lives.
12 April: The Northeast Frontier Railway (NFR) took a significant stride towards environmental sustainability and adoption of renewable energy after a solar power plant was commissioned in Guwahati. The 306.9 kilowatt peak (kWp) solar power plant at the Uzanbazar Water Treatment Plant in Guwahati was officially inaugurated. This state-of-the-art solar installation, developed under the Environment and Housekeeping Management (EnHM) fund, is designed to generate an average of 928 units of electricity every day, resulting in an estimated annual savings of INR30 lakh. With a payback period of eight years and an expected operational lifespan of 25 years, the solar power plant underscores NFR’s dedication to energy efficiency, green technology adoption and carbon footprint reduction, it said. The project forms an integral part of Indian Railways' broader vision to embed renewable energy into its core infrastructure and minimise reliance on conventional power sources, it said.
12 April: The Central Electricity Authority (CEA) approved a record number of detailed project reports (DPRs) of six hydro pumped storage projects (PSPs) of about 7.5 gigawatt (GW) during FY2024-25, the Ministry of Power said, marking a key milestone in India's ongoing commitment to developing advanced and long-term energy storage solutions. These six projects are Upper Indravati (600 MW) in Odisha; Sharavathy (2,000 MW) in Karnataka; Bhivpuri (1,000 MW) in Maharashtra; Bhavali (1,500 MW) in Maharashtra; MP-30 (1,920 MW) in Madhya Pradesh and Chitravathi (500 MW) in Andhra Pradesh. Further, CEA has made ambitious plan to concur minimum 13 PSPs of about 22 GW during 2025-26. Most of these PSPs are targeted to be commissioned in 4 years and latest by 2030. The development of these projects will boost energy storage capacity drastically in the country, making a major contribution to grid reliability and supporting India's ambitious renewable energy goals.
11 April: Tripura’s first solar village is being established at Rangachhera, located in the Mohanpur subdivision of West Tripura district. Power Minister Ratan Lal Nath announced this village will be fully powered by solar energy as part of the green energy transition. The transition will be cost-free for residents, with no financial contribution required from villagers. The Tripura Renewable Energy Development Agency (TREDA) has installed solar pumps and a water treatment plant in the village to facilitate power generation, the Minister said. The government aims to install 50,000 solar plants across Tripura, with 12,800 installations already completed. Tripura is advancing in utilising alternative energy sources for rural transformation. The state government is actively promoting rooftop solar panel installations under the Pradhan Mantri Surya Ghar Muft Bijli Yojana. The scheme includes incentives to encourage the adoption of clean energy.
10 April: India’s GreenLine Mobility Solutions will invest US$275 million to accelerate decarbonization of heavy trucks in the country, the company said, in a move to cut logistics-related emissions and align its supply chain with sustainability goals. Companies in India, the world’s third-largest emitter of greenhouse gases, are investing billions of dollars to help the country reach the net-zero emissions target by 2070. GreenLine, which is part of retail-to-mining Essar Group, said it will use the investment to deploy over 10,000 liquefied natural gas (LNG) and electric trucks. The Mumbai-based firm will also establish a nationwide network of 100 LNG refueling stations, EV charging stations and battery-swapping facilities. GreenLine said its LNG-powered trucks cut carbon dioxide emissions by up to 30 percent. The firm currently operates a fleet of 650 LNG trucks and has covered more than 38 million kilometres so far, reducing these emissions by 10,000 tonnes.
9 April: Carbon credit developer and supplier EKI Energy Services (EKI) has bagged consultancy work for Varanasi Smart City Bio-Conversion Project. The company said the project is targeting methane reduction. Located in Shahanshahpur, Varanasi district, the project utilises anaerobic digestion technology to transform about 70 tonnes per day of animal manure and organic feedstock into clean energy and organic fertilisers. The project is expected to reduce 33,187 tonnes of CO2 (carbon dioxide) equivalent emissions over its seven-year crediting period. The project is part of the Government of India’s Sustainable Alternative Towards Affordable Transportation initiative, showcasing a collaboration between Adani Group, Gobardhan Varanasi Foundation SPV, and local authorities. EKI Energy Services is providing support in realisation of benefits from the carbon market. With a lifespan of 25 years, the Varanasi Smart City Bio-Conversion Project serves as a model for innovative waste-to-energy solutions, emphasising the critical need to integrate sustainability into urban planning and development.
15 April: Global oil demand will grow at its slowest rate for five years in 2025 and US (United States) production rises will also taper off, due to US President Donald Trump’s tariffs on trading partners and their retaliatory moves, the International Energy Agency (IEA) said. Trump’s tariffs, along with a supply hike by OPEC+ producers, have driven a steep slide in oil prices this month, cutting revenue for producers. The US oil industry, despite calls by Trump to "drill baby drill", may actually slow activity, the IEA said. World oil demand this year will rise by 730,000 barrels per day (bpd), the IEA, which advises industrialised countries, said, a sharp cut from 1.03 million bpd expected last month. The reduction is larger than a cut made by producer group OPEC. Growth of 730,000 bpd would be the lowest since 2020, when demand contracted due to the COVID-19 pandemic. Excluding the pandemic, it would be the lowest since 2019, when growth was 540,000 bpd, the IEA said.
11 April: Argentine oil producer could see its core earnings this year slide on lower crude prices. The firm currently estimates its earnings before interest, taxes, depreciation and amortization (EBITDA) in 2025 will range between US$5.2 billion and US$5.5 billion, assuming Brent crude prices at US$72.5 a barrel. However, with crude selling for around US$60 a barrel, that would bring projected EBITDA down to US$4.2 billion to US$4.5 billion, the firm estimated. Oil prices have faced volatile price swings as US (United States) tariffs forced traders to reconsider risks to the crude market. Prices ticked up, however, with Brent futures settling up 2.26 percent to US$64.76 a barrel after US Energy Secretary Chris Wright said Washington could move to halt Iran’s oil exports, stoking concerns over global supply. Still, YPF's business operation remains resilient in uncertain times, it said. YPF is divesting from mature oil fields to concentrate its investments in Vaca Muerta, the world’s second-largest unconventional gas reserve and fourth-largest oil reserve. This year, YPF expects to spend between US$5 billion and US$5.2 billion, with 66 percent of the funds going toward shale investments. By 2030, that should come up to US$5.4 billion, with 88 percent of spending on shale.
10 April: Tariffs are clouding the global economic outlook and could weigh heavily on oil prices in the months ahead, the United States (US) Energy Information Administration (EIA) said as it lowered its oil demand forecasts through 2026. The US Department of Energy’s statistical arm cut its oil price forecasts for this year and next, highlighting significant uncertainty in energy markets from potentially lower global economic growth and higher oil supply. Benchmark crude oil futures have plummeted to pandemic lows since US President Donald Trump announced a blanket 10 percent tariff on all US imports and sharply higher duties on dozens of trading partners. In response, China slapped additional import levies on imports from the United States. While Trump paused the country-specific duties for 90 days, tariffs on imports from China were hiked to 125 percent. The 10 percent tariff on imports from all countries is being implemented. Analysts have said that escalating trade wars could slow global economic activity and dent oil demand. The EIA said it expects global oil and fuel demand to grow by 900,000 barrels per day (bpd) from last year to around 103.6 million bpd this year. It previously expected growth of 1.2 million bpd this year. For next year, the EIA expects demand growth of around 1 million bpd, down from its previous forecast of 1.2 million bpd. Combined with weaker demand, an acceleration of the OPEC+ group’s plans to boost oil supply is set to raise global crude inventories starting mid-2025, the EIA said. EIA expects global benchmark Brent crude prices to average around US$67.87 per barrel in 2025, a sharp cut from its previous forecast of US$74.22. Next year, the agency expects Brent to average US$61.48, down from its earlier expectation of US$68.47. US crude prices are expected to average US$63.88 per barrel in 2025 and US$57.48 in 2026. That compares to prior forecasts of US$70.68 for this year and US$64.97 next year.
10 April: Venezuela’s state oil company PDVSA has canceled several authorizations it had granted US-based producer Chevron to load and export Venezuelan crude in April. The cancellations follow US President Donald Trump's imposition of tariffs on Venezuela’s oil buyers. The suspensions comes after Washington canceled key licenses to a handful of PDVSA partners and customers, including Chevron, that had allowed them to operate and export Venezuelan oil under exemptions to the US sanctions on the South American country. The cancellations follow US President Donald Trump's imposition of tariffs on Venezuela’s oil buyers. The suspensions comes after Washington canceled key licenses to a handful of PDVSA partners and customers, including Chevron, that had allowed them to operate and export Venezuelan oil The US Treasury Department gave the companies until 27 May to wind down operations and complete purchases. Chevron was exporting about 250,000 barrels per day (bpd) of Venezuelan crude to the US under its license. In early April, Washington imposed a 25 percent tariff on buyers of Venezuelan crude and gas, a measure experts said could hurt China the most. The tariffs on Venezuela’s oil buyers earlier this month prompted the temporary suspension of some cargo loadings, particularly those bound for China, which is the largest recipient of Venezuela's oil. Chevron, whose exports of Venezuelan crude were not affected by the tariffs because of its license, had not been impacted by the measures until now, according to the shipping data.
9 April: The Caspian Pipeline Consortium (CPC) resumed loading oil at one of two previously shut Black Sea's moorings, it said, after a court lifted restrictions placed on the Western-backed group's facility by a Russian transport regulator. The constraints targeting the CPC officially resulted from inspections related to a December oil products spill. But they came as OPEC+ members had been pressing Kazakhstan to reduce output to honour agreed production quotas. The move sparked a flurry of diplomatic activity between Russia and Kazakhstan and fed concerns over a potential drop in oil exports from the Central Asian nation, 80 percent of which go via the CPC. A court ruled that the CPC’s terminal facilities should not be suspended, overturning the decision by the transport watchdog. The CPC, whose shareholders include Chevron and ExxonMobil, is operating at two of the three moorings at its export terminal, it said. The resumption of loading will help avert a potential fall in Kazakhstan’s oil exports. Expected Black Sea CPC Blend oil exports for April were revised down, however, to 1.6 million barrels per day (bpd), or 6.2 million metric tonnes, from 1.7 million bpd in the preliminary plan. The decline in loading is due to a fall in Russian oil exports via the CPC, as there will be no supplies from the oil depot in the Krasnodar region, where there was a large fire in March after a drone attack. The pipeline is a major oil export route for Kazakhstan, which - due mainly to rising production from the giant Chevron-led Tengiz oilfield - has been breaching export quotas within the OPEC+ producer group, which includes OPEC and Russia.
15 April: United States (US) natural gas futures fell about 6 percent to a nine-week low on record output over the weekend and forecasts for less demand next week than previously expected. Gas futures for May delivery on the New York Mercantile Exchange fell 20.2 cents, or 5.7 percent, to settle at US$3.325 per million metric British thermal units, their lowest close since 7 February. The price drop came despite record flows to liquefied natural gas export plants and forecasts for higher gas demand than previously expected. Gas stockpiles were currently about 4 percent below normal levels for this time of year, after cold weather in January and February forced energy firms to pull large amounts of gas out of storage, including record amounts in January.
14 April: UK-based gas producer Energean said that its Israeli subsidiary has signed a gas sale and purchase contract with Kesem Energy to supply fuel for a new power plant in Israel. Under the agreement, which represents over US$2 billion in revenue, Energean Israel will supply Kesem’s new plant with about 12.5 billion cubic meters (bcm) of gas over the 17-year lifespan of the contract. Energean, which primarily operates in Israel, has been benefiting from increased gas demand in the country due to rising electricity needs and coal phase-out plans. The company aims to double its production in the coming years, primarily by developing new prospects in Israel.
14 April: Russia, the world’s second biggest oil exporter and the second largest natural gas producer, sees stable crude production and significant growth in natural gas production and exports over the next quarter century, according to its new energy strategy. Russia’s pipeline gas exports to Europe, once its main trading partner, collapsed following the 2022 invasion of Ukraine, though Russian crude exports have continued to world markets. According to Russia’s new energy strategy published by the government, Russia targets natural gas exports, including sea-borne liquefied natural gas (LNG) and supplies via pipelines, at 293 billion cubic meters (bcm) in 2030, up from 146 bcm in 2023. It is expected to jump to 438 bcm in a targeted scenario in 2050. The document is a long-term vision of the Russian energy sector which sets goals. Russia has been unable to start LNG deliveries to customers from Arctic LNG-2 plant, which started super-cooled gas output in December 2023, due to the US sanctions. In its energy strategy, Russia expects LNG exports to jump to 142 bcm in 2030 from 45 bcm in 2023 and further to 241 bcm in 2050.
14 April: An exploration drill by ExxonMobil offshore Cyprus has failed to find commercial quantities of natural gas, the island’s energy ministry said. Drilling operations had been completed at the Elektra-1 well in Block 5 of the exclusive economic zone (EEZ) of Cyprus, it said. The drill was conducted by a consortium of ExxonMobil Exploration and Production Cyprus as operator, and with QatarEnergy Internation E&P LLC. According to the operator’s early assessment post-drilling, Elektra-1 yielded encouraging results, confirming the existence of a hydrocarbon system and good quality reservoirs.
11 April: Europe’s imports of liquefied natural gas (LNG) are set to increase by a quarter this year, as the continent needs to offset lower pipeline gas supplies amid a weather-driven rise in demand, the International Energy Agency (IEA) said. Over the first three months of the year, European LNG imports grew by 23 percent, or more than 9 billion cubic meters (bcm), the IEA said. European Union (EU) gas storage ended the winter with only 35 bcm of gas in storage, equivalent to a 34 percent fill level, which it will need to refill to 90 percent ahead of next winter. Compared to last year, this meant the EU market faced an incremental injection requirement of close to 20 bcm, or 50 percent more than last year, by 1 November, the IEA projected. The agency is forecasting gas demand in Europe to increase by 1.5 percent compared to 2024, due rising demand in the residential and commercial sectors. However, gas-to-power demand is expected down 10 percent year-on-year due to the continued expansion of renewables. Industrial gas use should decline through the remainder of the year, as higher gas prices are expected to weigh on gas- and energy-intensive industries, the IEA said.
11 April: Abu Dhabi state oil company ADNOC is in the early stages of considering a bid for investment firm Aethon Energy Management’s US (United States) natural gas assets. ADNOC has done a string of acquisitions in gas and chemicals, which along with LNG (liquefied natural gas) and renewables it considers as pillars for its future growth. Last year, the energy giant bought a stake in NextDecade’s LNG export project in Texas along with a 20-year supply deal.
9 April: Japanese oil and gas explorer Inpex Corporation started the front-end engineering design process for its Abadi liquefied natural gas (LNG) project in Indonesia, as the government put pressure on the company to accelerate development. The Abadi LNG project had faced years of delays including from requests by the previous administration to move the LNG plant onshore from an earlier offshore plan, Shell’s exit from the project and a change in the development plan to incorporate a carbon capture and storage component. Inpex has previously said it plans to reach a final investment decision (FID) for the project in 2027 and aims for production to start in early 2030s. Indonesia’s oil and gas production has declined in the past decade because of depleting reserves and delays at new projects. The government is keen to reverse the trend as President Prabowo Subianto vows to make Indonesia energy independent. The Abadi project is expected to produce at its peak 9.5 million metric tonnes of LNG a year, 150 million standard cubic feet per day of pipe gas and 35,000 barrels of condensate per day, data from SKK Migas shows.
9 April: The European Union (EU) must reassess its financing and policies on long-term contracts if it wants to keep importing natural gas from Azerbaijan, President Ilham Aliyev said. As it diversified its energy imports from Russia following the start of the war in Ukraine, the EU has increased gas imports from the South Caucasus country to nearly 13 billion cubic meters (bcm) in 2024 from 8 bcm in 2021. In 2022 Brussels signed a deal with Baku to double gas imports to at least 16 bcm a year by 2027. Azerbaijan has said it wants to expand its main gas artery to Europe, the Southern Gas Corridor network, which runs across 3,500 km (2,175 miles) from Azerbaijan to Italy. A total of 12 countries, including ten in Europe, receive Azerbaijani gas, Aliyev said, with gasification projects agreed in Albania and planned in Bulgaria. European countries who are not currently members of the Southern Gas Corridor have requested imports of Azerbaijani gas amounting to 14 bcm, the country’s energy ministry said. The United States (US) is vying to sell liquefied natural gas (LNG) to Europe in the context of possible trade negotiations.
10 April: US (United States) President Donald Trump is advocating for increased coal production in the US, however, reviving decommissioned coal plants to meet this goal makes "no economic sense", the Institute for Energy Economics and Financial Analysis (IEEFA) said in a report. Trump’s executive orders could potentially delay the closure of coal-fired power plants and encourage the restart of 102 recently shut coal-fired units, the report said. According to the report, the units, which have a total generating capacity of 36,566 megawatt (MW), were closed over the past four years. Very few of them, however, are reliable candidates for a restart. The median age of the retired plants is 56 years and as coal plants age, maintenance costs also rise, subsequently pushing up generation costs. In addition to these costs, any unit considering a restart would need to complete a sizable and expensive backlog of required maintenance, the report said. Coal-burning plants now account for less than 20 percent of US electricity generation, a drop from 50 percent in 2000, with existing coal plants contributing power to the grid only about 40 percent of the time.
14 April: Canadian power producer Capital Power Corporation said it would buy two natural-gas fired power plant operators located in the PJM market for about US$2.2 billion. The deal comes at a time when electricity prices are rapidly increasing in PJM, the United States' biggest power market, and as demand for electricity continues to increase on the back of the proliferation of energy-guzzling AI data centers and the electrification of transportation and buildings. Capital Power said it would buy power plant operators Hummel Station Intermediate Holdings III and Rolling Hills Generating Holdings from LS Power Equity Advisors. Capital Power expects the acquisition to generate average annual adjusted EBITDA of about US$443 million for the 2026-2030 period.
10 April: United States (US) power consumption will hit new record highs in 2025 and 2026, the US Energy Information Administration (EIA) said. EIA projected power demand will rise to 4,201 billion kilowatt hour (kWh) in 2025 and 4,244 billion kWh in 2026, from a record 4,097 billion kWh in 2024. EIA forecast 2025 power sales will rise to 1,527 billion kWh for residential consumers, 1,467 billion kWh for commercial customers and 1,059 billion kWh for industrial customers. Those forecasts compare to all-time highs of 1,509 billion kWh for residential consumers in 2022, 1,434 billion kWh in 2024 for commercial customers and 1,064 billion kWh in 2000 for industrial customers.
10 April: Norway’s Equinor is combining its renewables business with its gas-to-power plants and energy storage assets to boost its electricity business, the company said. The move is a response to the surging demand for power fuelled by the expansion of artificial intelligence, data centres, and the green transition, said Equinor, which still gets the vast majority of its income from oil and gas. Global electricity consumption from data centres is expected to rise to around 945 terawatt hours by 2030 in a base-case scenario, the International Energy Agency (IEA) said in a report.
13 April: The United States (US) and Saudi Arabia will sign a preliminary agreement to cooperate over the kingdom's ambitions to develop a civil nuclear industry, US Energy Secretary Chris Wright said. Wright, who had met with Saudi Energy Minister Prince Abdulaziz bin Salman earlier, said Riyadh and Washington were on a "a pathway" to reaching an agreement to work together to develop a Saudi civil nuclear programme. Wright, on his first visit to the kingdom as secretary as part of tour of energy-producing Gulf states, said further details over a memorandum detailing the energy cooperation between Riyadh and Washington would come later this year. A so-called 123 agreement with Riyadh refers to Section 123 of the US Atomic Energy Act of 1954 and is required to permit the US government and American companies to work with entities in the kingdom to develop a civil nuclear industry. Saudi Arabia, the world’s largest oil exporter, is seeking to generate substantial renewable energy and reduce emissions, under the crown prince’s Vision 2030 reform plan. At least some of this is expected to come from nuclear energy.
11 April: United Arab Emirates' renewable energy company Masdar signed two Memorandums of Understanding (MoU) with Indonesia’s electricity company Persero for floating solar power projects in the Southeast Asian country, it said. It is set to develop a floating solar power plant at the Jatigede Dam reservoir in West Java and explore the expansion of its Cirata floating photovoltaic power plant in the country.
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