ReNew Energy Global has announced a major investment of ₹220 billion ($2.57 billion) to develop a large-scale hybrid renewable energy project in the eastern Indian state of Andhra Pradesh. The project will combine 1.8 gigawatts (GW) of solar capacity with 1 GW of wind capacity, totaling 2.8 GW. It will be capable of delivering power during peak demand for up to four hours daily, marking a significant addition to India’s clean energy infrastructure.

This move reinforces ReNew Energy’s position as one of the country’s top renewable energy developers, second only to Adani Green. The company already operates projects across ten Indian states and boasts a global portfolio of 17.4 GW as of mid-February 2025.

China’s leading solar companies are accelerating their expansion into emerging overseas markets during the 90-day tariff truce with the United States, seeing the pause as an opportunity to strengthen their global positioning.

Executives from top firms such as Jinko Solar, CSI Solar (an affiliate of Canadian Solar), and Tongwei Co. say the temporary de-escalation provides a measure of trade stability but does little to alter the long-standing reality that direct exports from China to the U.S. remain minimal due to years of punitive duties.

China’s coal market is mired in a deepening glut, with prices sinking and producers under mounting strain despite the broader optimism spurred by Beijing’s recent trade truce with Washington. Domestic coal prices are locked in a downward spiral driven by excess supply and waning demand — a dynamic unlikely to reverse without meaningful intervention or a sharp spike in power usage.

The benchmark coal price at the major port of Qinhuangdao has fallen to a four-year low of 630 yuan ($87) per ton, down 17% since the beginning of the year. That drop has pushed prices near or even below production costs for many miners, slicing into profits and raising concerns over sustainability across the sector. Mining companies are facing pressure from local governments to maintain output in order to bolster regional tax revenues, even as inventories rise and buyers pull back.