AGP Executive Report
Last update: 8 hours agoGrid Storage: India approved ₹14,500 crore in support for 92 GWh of grid-scale storage, alongside a ₹2,814-crore scheme to expand critical-mineral processing. Clean Fuels: A draft Indian policy proposes 1% sustainable aviation fuel blending for international flights from January, rising to 20% by 2040. Hormuz Security: Iran has exempted ships from India, China, Iraq and Qatar from Strait of Hormuz restrictions; separately, the UAE is weighing a third pipeline to route crude exports around the chokepoint. Renewables Investment: Companies discussed about $400 billion in potential investment in India’s clean-energy sector, including storage, green hydrogen and transmission. China’s Energy Transition: China-Africa renewable projects exceeded 17 GW in combined capacity from 2023 to 2026. Beijing also set a 2030 target to cut energy use per unit of GDP by about 10% from 2025 levels. Regional Finance: Japan’s JBIC will lead a credit line of up to $600 million for Petronas to support emissions-reduction projects.
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