India's renewable power capacity soared by almost 150% in the last five years to 77.6 GW, while the government set a target of 175 GW by 2022.
Crude oil traded higher as global oil prices rose more than 1 per cent.
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The IEA is revising its 2019 global oil demand growth forecast to 1.1 million barrels per day (bpd) and may cut it again if the global economy and especially China shows further weakness, Fatih Birol said.
As of May 2019 about 80 Gw of renewable energy generation has been commissioned and the balance 95 Gw has to come up in the next three years.
The bank cut its 2019 Brent and U.S. West Texas Intermediate (WTI) price forecasts by $2 to $69 per barrel.
The S&P/ASX 200 index ended 0.4 per cent lower at 6,649.10.
The duty is 44-54 per cent on crude palm and refined palm oil imported from other countries.
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