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Daily Update — October 15, 2026

India’s Renewables Plan; The Engine of Decentralized Finance; and Data Center Energy

Today is Thursday, October 15, 2026, and here’s your curated selection of Essential Intelligence on global markets from S&P Global. Subscribe to be notified of each new Daily Update.

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Energy Expansion

Indian Renewables: Dhara's Benefits Will Come With A Gap

 

India's Green Energy Corridor Phase-III scheme, also known as PM-Dhara, will provide 1.86 trillion rupees (about $20 billion) to support the most vulnerable links of the country's ambitious and rapid renewables energy build-out. With grid constraints causing about two-thirds of renewable electricity curtailment, the initiative aims to strengthen the infrastructure needed to store and transmit renewable capacity.

 

The government will finance 540 billion rupees of the outlay. However, S&P Global Ratings believes that the planned new capacity and spending may not be enough for the country to reach its target of 500 gigawatts of renewable power capacity by 2030. Renewable capacity additions will likely outgrow grid connectivity until then. The scheme is expected to be fully implemented by 2032-2033.

Digital Assets

The Engine of DeFi: Inside the Aave Crypto Lending Protocol

 

Decentralized finance lending leverages blockchain technology to facilitate borrowing and lending digital assets. These lending platforms allow permissionless, overcollateralized transactions, enabling users to earn interest on their digital assets. Unlike traditional finance, where overcollateralized lending typically requires intermediaries and permissions, decentralized finance (DeFi) operates via smart contracts, so users can interact directly.

 

Aave is a prominent DeFi lending protocol operating on Ethereum and other blockchains. As of September 2026, Aave had about $19.2 billion in total value locked (TVL), most of which was held in its most popular version, Aave v3. This large TVL demonstrates that on-chain credit intermediation has achieved scale and has the potential to increase DeFi’s attractiveness to institutional investors, whose primary focus is liquidity and operational capacity.

Artificial Intelligence

Listen: Data Center Energy

 

The dynamics around data centers and the power needed to drive them are complex. A team at 451 Research by S&P Global attended the AWS Energy Symposium and the Linux Foundation’s LF Energy Summit to explore these dynamics. In this episode of the “Next in Tech” podcast, 451 analysts Jean Atelsek, Rich Karpinski, Brian Partridge and Melanie Posey joined host Eric Hanselman to share their thoughts on the events and discuss the state of the industry.

 

The AWS Energy Symposium examined the options for meeting the power demands of rapidly expanding data centers. Hyperscalers such as Amazon Web Services have been at the forefront of using power purchase agreements to invest in green energy, but grid connection queues mean that delivering power can take considerable time.

 

At the LF Energy Summit, improved operational efficiency was identified as a factor that could help to address power demand. There is a series of projects looking at deploying AI to optimize generation and grid operation. Agentic approaches can gather operating and demand data and improve grid response. Agents are far from gaining operational control, but building a foundation of greater visibility and data access could establish the trust needed for the next steps.

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