Energy & Petroleum News Today

US utilities plan 116 GW large-load capacity growth, equal to 15.5% of current peak demand. 60 GW expected by 2030, with 93 GW by 2035.

The European Solar Manufacturing Council (ESMC) urges the EU to add solar products to the Carbon Border Adjustment Mechanism (CBAM), leveling the playing field against Chinese imports and boosting the EU solar sector.

Electricity demand in the Middle East and North Africa is projected to rise 50% by 2035, driven by cooling and desalination. Renewables and nuclear power are set to expand, with solar PV capacity increasing tenfold.

Serentica Renewables signs India's first 100 MW round-the-clock renewable energy PPA with SECI, using wind, solar, and BESS to meet 80% of hourly demand, generating 400 GWh annually.

Solarworld Energy Solutions' ₹490 crore IPO opens September 23-25, priced at ₹333-₹351 per share, funding a 1.2 GW solar cell facility in MP.

Chennai Petroleum Corporation Limited (CPCL) has commenced maintenance work at its 210,000 b/d Manali Refinery in Tamil Nadu, scheduled to continue for 24 days until October 8, 2025. The refinery shutdown is expected to affect oil product supplies across southern Indian states, which will now depend on alternative sources including BPCL’s 311,000 b/d Kochi refinery, MRPL’s 300,000 b/d Mangalore refinery, and HPCL’s 301,000 b/d Vizag refinery.

Indian state-owned refiner Bharat Petroleum Corporation Limited (BPCL) has initiated maintenance activities at its Kochi Refinery, which has a processing capacity of 311,000 barrels per day. The refinery is situated in Kochi, Kerala, India.

BYD, a Chinese EV maker, eyes the Indian market with its Atto 2 SUV, potentially priced under ₹20L. This could disrupt the EV sector like Jio did to telecom, but charging infrastructure is crucial.

CERC to finalize virtual PPA guidelines, unlocking financing for 40+ GW of uncontracted renewable energy projects. VPPAs aim to address PPA challenges and boost India's renewable capacity.

India launched a $4B initiative to secure critical minerals like lithium and cobalt in Africa, supporting EV and renewable energy sectors. KABIL secured lithium blocks in Argentina and is pursuing acquisitions in Zambia.