AGP Executive Report
Last update: an hour agoBRICS Energy Diplomacy: Ethiopia used the 11th BRICS Energy Ministers’ Meeting in India to pitch itself as a renewables leader, saying it generates over 96% of its energy from renewables and is pushing grid upgrades, storage, and off-grid electrification, alongside plans for peaceful nuclear and green hydrogen. China Power Buildout: China’s installed power capacity crossed 4.01 billion kW by end-May, with renewables at 61% and non-fossil at 62%, underscoring the scale of its low-carbon transition. India Refining Resilience: EY says India’s strong refining capacity helped blunt the West Asia-driven energy shock by reducing the need for large refined-product imports. Oil Market Shockwatch: Oil slid toward pre-Hormuz levels as more tankers exited the Strait, but analysts warn cheaper crude won’t quickly erase the social strain from earlier price spikes. Clean Mobility Moves: India completed a hydrogen train trial between Delhi and Jind at 120 km/h, while China accelerates EV charging—aiming for 40 million chargers by 2030. Renewables Project Pipeline (Odisha): NIRL and OREDA signed a JV for 1,000 MW green energy in Odisha, with solar, wind, storage, and green hydrogen in the mix. Energy Security Policy: The IEA says the Middle East conflict is shifting investment priorities from climate goals toward security—renewables and domestic resources included.
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