Oil & Gas / Energy

India is accelerating its transition to cleaner energy sources through significant policy initiatives and infrastructure investments. The government recently approved a ₹1.86 lakh crore Green Energy Corridor Phase-III to facilitate the evacuation of 135 GW of renewable energy and deploy 50 GWh of battery storage, supported by substantial central financial assistance. Complementing this, the GOBARdhan scheme introduces administered Compressed Biogas (CBG) prices and incentives to boost domestic production, while GSPL Transmission has commenced trading post-demerger, expanding India's gas transmission network. These developments, alongside increased focus on critical minerals for energy security and the continued expansion of renewable energy capacity by SECI, signal a concerted effort to bolster energy security and reduce reliance on fossil fuels, potentially reshaping investment landscapes and driving innovation in the sector.