India’s NTPC & ONGC Plan To Partner For Offshore Wind Energy Projects
Two public sector giants in India’s energy sector have come together to set up offshore wind energy projects.
According to media reports, power generation company NTPC Limited and oil and gas exploration company ONGC Limited have announced a partnership to set up offshore wind energy projects. The two companies signed a memorandum of understanding last year. The partnership agreement also covers other clean energy sectors like storage and e-mobility.
NTPC recently announced plans to set up 60 gigawatts of renewable energy capacity by 2032. To put this in perspective, NTPC currently has an installed capacity of 66 gigawatts, dominated by coal-based power capacity with 46.6-gigawatts of capacity. The company has just over 1 gigawatt of solar and wind energy capacity. It recently participated in competitive auctions and secured rights to develop large-scale solar power projects.
The Ministry of New and Renewable Energy (MNRE) has set a target to set up 5 gigawatts offshore capacity by 2022 and 30 gigawatts capacity by 2030. However, progress on this front has been extremely slow. The Centre for Wind Energy Technology (C-WET) launched a survey to assess offshore wind energy potential in India in 2010. The survey was expected to be completed in 2-3 years. India adopted its offshore wind energy policy in 2015 and there have been many reports indicating implementation of the first offshore wind project in the the country, but nothing has materialized.
In 2018, MNRE issued an expression of interest to set up an offshore wind energy project. While the EoI attracted interest from several leading Indian and international companies, no further progress has been reported since. In 2019, there were news reports claiming imminent launch of a tender for India’s first-ever auction for an offshore project. The project was supposed to be located in the western state of Gujarat and receive more than $900 million in subsidies. Again, no progress has been reported on this project.
The latest announcement of partnership between the two public sector companies is unlikely to bear any fruits in terms of actual project development, at least in the near future. Offshore wind projects, while much more efficient compared to onshore projects, are very expensive. At present, the subsidized offshore projects will not be able to compete with record-low solar power tariffs.
Jeep’s first electric SUV in the US just got more affordable. On Thursday, Jeep launched a new Limited trim at the Chicago Auto Show. The new 2025 Jeep Wagoneer S Limited trim is $5,000 cheaper than the Launch Edition. And it also qualifies for the $7,500 federal EV tax credit. Here’s what the new model includes.
Jeep promised a new Wagoneer S trim would be available this month, and it delivered. The new Limited model, with a starting price of $66,995, “further enhances” the electric SUV’s attractiveness.
The new Limited trim joins the Launch Edition in Jeep’s 2025 Wagoneer S lineup. The Wagoneer S Limited model is $5,000 cheaper than the Launch Edition, which starts at $71,995.
Like the initial model, the new Wagoneer S Limited still offers plenty of features and exclusive design elements. It has a black roof and mirror caps, a dual-pane panoramic sunroof, 20″ aluminum wheels, and low-profile exterior badging.
Inside, the Limited trim maintains the “best-in-class” infotainment system from the Launch Edition, with 45″ of usable screen space. Buyers can choose from a new Hyrdo Blue exterior color and Arctic Grey interior design.
Other optional features include a segment-exlusive front passenger screen and a premium 920-watt McItosh sound system, The Propulsion Boost Package and Obsidian Appearance Package will be available later. The Propulsion upgrade is delivered over-the-air (OTA), providing up to 600 hp.
Jeep’s new model still includes its signature Selec-Terrain traction management system with five drive modes: Auto, Sport, Snow, Sand, and Eco.
With a 400V, 100 kWh battery pack, the Wagoneer S can charge from 20% to 80% in 23 minutes using a DC fast charger.
| 2025 Jeep Wagoneer S trim | Starting Price | Range |
| Jeep Wagoneer S Launch Edition | $71,995 | +300 miles |
| Jeep Wagoneer S Limited | $66,995 | +300 miles |
The 2025 Jeep Wagoneer S Limited is available to order now, starting at $66,995 (including a $1,795 destination fee). All Wagoneer S models qualify for the $7,500 EV tax credit.
Ready to test out Jeep’s new electric SUV for yourself? We can help you get started. You can use our link to find 2025 Jeep Wagoneer S models at a dealer near you today.
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Nuclear energy is set for a “renaissance” that will be accelerated by backing from U.S. President Donald Trump’s administration.
That’s according to Yuri Khodjamirian, chief information officer at Tema ETFs, who noted that the Trump administration is “very, very interested in backing this technology.’ However, he also warned investors that developing this energy source is “going to take time.”
New nuclear technology approvals take “10 years to get done,” Khodjamirian said, but added that the nuclear re-emergence will likely be accelerated under the new Trump administration.
Speaking to CNBC’s Silvia Amaro on Tuesday’s “Squawk Box Europe,” Khodjamirian said his investment fund has its eyes on firms with a history of developing nuclear technology, such as U.S.-based BWX Technologies, which builds nuclear reactors for military carriers and submarines.
Khodjamirian said Tema is being “very selective in a new technology called small scale modular reactors.”
Small scale modular reactors (SMRs) are advanced nuclear reactors with the ability to provide around one-third of the generating capacity of traditional nuclear power reactors, according to the International Atomic Energy Agency.
SMRs take up less physical space compared to conventional reactors and produce a large amount of low-carbon electricity.
“There’s a lot of excitement there, and equally, a lot of loss-making companies that have unproven technologies, and we’re going for companies that have projects that are approved,” Khodjamirian said.
The nuclear energy renaissance is partly driven by a wave of people that are “realizing that it’s a stable, clean source of energy,” the chief investment officer said, adding that he believes that “there is a need for extra investment” in nuclear, alongside green energy sources that are variable in their electricity production.
“Renewables are good. They can be put up to speed quickly, but they require battery storage,” he said.
Trump has moved quickly on his energy agenda since his return to the White House. The U.S. Senate on Monday confirmed Chris Wright, a fracking executive and a Trump ally, as energy secretary.
Wright is a known nuclear energy supporter, having previously served on the board of advanced reactor company Oklo, as well as having held the position of chief executive at Liberty Energy. The energy firm has since appointed a new CEO following Wright’s confirmation as U.S. secretary of energy.
Digital borders
Khodjamirian is also closely monitoring artificial intelligence volatility, after the emergence of China’s Open AI model DeepSeek sparked concerns over how much money big tech companies will invest in AI.
European nations have voiced security concerns over DeepSeek.
Italy was the first country to block DeepSeek on data protection concerns. France‘s privacy watchdog has expressed concerns and South Korea’s industry ministry has temporarily restricted employee access to the Chinese startup’s AI model.
Taiwan, meanwhile, banned state departments from using the Beijing-based chatbot, wary of potential security threats from Beijing.
The international pushback shows that “no one really knows exactly how to defend digital borders,” according to Khodjamirian.
Global concern will “limit the growth of this model, because it’s coming out of China, but it’s clearly showing you that the West needs to be aware that there’s a lot of technical development,” he said.
“[But] I do think it redraws some of the lines, and it’ll be interesting to see how the U.S. in particular reacts,” he added.
Environment
Here’s our first look at Volkswagen’s cheapest EV, with prices starting at about $20,000
We are finally getting a look at Volkswagen’s answer to BYD and other low-cost Chinese electric cars. Volkswagen previewed its cheapest EV for the first time on Wednesday. It will kick off a new series of entry-level electric vehicles, with starting prices at €20,000, or just over $20,000.
Volkswagen teases its cheapest EV for the first time
At a meeting at its Wolfsburg plant on Wednesday, Volkswagen gave employees a sneak peek at the new model. The auto giant confirmed it will be a part of a new small electric car lineup.
Volkswagen said the new entry-level EV, with a base price of €20,000 ($20,000), “will be attractive for a wide variety” of buyers.
The first model in the new series will be the production version of the ID.2all, which was unveiled in March 2022. Volkswagen said the first ID.2 models will arrive at dealerships in 2026 with a base price of less than €25,000 ($26,000).
CEO Thomas Shafer said at the meeting, “With the conclusion of negotiations in December, we set the largest future plan in Volkswagen’s history in motion.”
The ID.2 and new entry-level EV (likely the ID.1) will be key to Volkswagen’s plans to catch up with EV leaders like BYD and Tesla.
Based on the MEB Entry Platform, the ID.2 is expected to have a range of up to 279 miles (450 km). Volkswagen also teased an SUV version, which will follow in its upcoming entry-level EV lineup.
Volkswagen will introduce the show car for its new entry-level EV. The company plans to reveal the production model in 2027.
Volkswagen is preparing its Wolfsburg plant for the upcoming entry-level models. Shafer stressed that the plant would “remain the heart of the Volkswagen brand in the electric age.” It will also produce the next-gen electric Golf on Volkswagen’s new SSP platform alongside the new T-Roc EV.
For those in the US, don’t get too excited. The new entry-level EV likely won’t make the trip overseas. Shafer described the model as ” an affordable, high-quality, and profitable electric Volkswagen from Europe for Europe.”
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