India Plans Mandatory Battery Storage at Solar and Wind Projects
This regulation creates a direct, mandatory demand driver for battery energy storage systems (BESS) in the Indian market, …
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India's Central Electricity Authority (CEA) proposes a regulation effective July 1, 2027, mandating that new solar and wind projects include co-located battery storage equal to at least 10% of installed capacity with a minimum two-hour duration.
The UK government is expected to make a decision on approving the Jackdaw and Rosebank oil fields, with approximately £11bn in private investment contingent on this outcome.
The article reports that a U.S.-Venezuela oil deal threatens the recovery of Chinese government loans, noting that Chinese policy banks provided at least $60 billion in oil-backed financing to Venezuela through 2015 and that Caracas still owes at least $10 billion.
Brazil's Congress passed a bill granting the government authority to block foreign takeovers of mining companies and scrutinize access to mineral reserves, pending presidential signature.
The EU and NATO officials attributed a drone attack at Leipzig Airport to Russia and announced plans to impose stricter measures targeting Russia's financial and military capabilities.
The article reports that Superhot Geothermal has secured $180 million in investment, described as a 'vote of confidence,' driven by AI-related energy demand and renewed policy interest in enhanced geothermal energy.
OPEC+ is expected to maintain its current oil production policy in October, following the completion of a phased rollback of supply cuts agreed in 2023.
New York Fed President John Williams stated in a CNBC interview that the recent surge in Treasury yields is primarily driven by strong economic prospects, though he did not commit to whether a rate hike is necessary.
Prediction market traders indicate a 50% probability that U.S.
Federal Reserve Governor Barr indicated he would support a rate hike if inflation does not ease, citing concerns about broader price pressures persisting above the Fed's 2% target.
India's state-owned ONGC reports that spot crude oil imports are primarily driven by price competitiveness rather than geopolitical or policy factors, with term crude volumes declining.
Six months after US and Israeli air strikes against Iran launched a conflict that has shaken energy markets and disrupted …
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