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Market Chatter: Renewable Energy Share in India Power Mix Hits Record High in June; Coal Power Highest in Nearly 3 Years

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The share of renewable energy in India's power mix reached a record of 19% in June, as renewable generation rose 23% year over year to 33.81 terawatt-hours, Reuters reported Friday, citing government data.

At the same time, India's coal-fired power generation climbed 14% year over year to 120.20 TWh in June, the highest since November 2023, as hot, dry weather drove demand for cooling.

The country experienced its fifth-driest June since 1901 last month due to a strong El Nino weather phenomenon. Consequent higher power demand pushed generation up 10.4% from a year earlier to 178.31 TWh, the report said.

The Ministry of Power did not immediately respond to' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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