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					</table><p>The <a href="https://www.europarl.europa.eu/portal/en" target="_blank" rel="noopener">European Parliament</a> has approved the Net-Zero Industry Act to enhance net-zero technology production within the European Union. The Act targets Europe to produce 40% of its net-zero technology needs by 2030 and capture 15% of the global market for these technologies.</p>
<p>The Act supports various technologies crucial for the EU&#8217;s climate and energy goals, including all renewable technologies, nuclear, industrial decarbonization, grid, energy storage technologies, and biotech. It introduces streamlined permitting procedures, with maximum timelines for project authorization, to accelerate the deployment of these technologies.</p>
<p>A component of the Act is the creation of &#8220;Net-Zero Acceleration Valleys.&#8221; This will accelerate the permitting process by delegating parts of the evidence collection for environmental assessments to member states, fostering quicker deployment of new technologies.</p>
<p>Public procurement and national auctions for deploying renewable energy sources must incorporate sustainability and resilience criteria, ensuring a greener approach to energy production. The legislation mandates that at least 30% of the volume auctioned annually in each member state, or up to a maximum of 6 GW annually per country, should meet these criteria.</p>
<p>Funding incentives are also part of the package. The Act encourages the National Emission Trading System revenues and strategic project support through the Strategic Technologies for Europe Platform, paving the way for a potential European Sovereignty fund.</p>
<p>The Act will now proceed to the European Council for formal adoption to become law. This legislative milestone is aligned with the conclusions from the Conference on the Future of Europe, underscoring the EU&#8217;s commitment to a sustainable, resilient, and independent energy framework.</p>
<p>&#8220;We welcome the resilience and sustainability criteria in the adopted Net-Zero Industry Act. This gives a green light for the procurement of sustainable European-made solar panels and is a clear direction towards resilient supply. We urge the Member States to start buying as from now and not waiting for the time thresholds in the regulation,&#8221; says Žygimantas Vaičiūnas, Policy Director at the European Solar Manufacturing Council.</p>
<p>The Act will support technologies crucial for the EU&#8217;s climate and energy goals, including solar power. This is a necessary move after the EU Parliament <a href="https://www.mercomindia.com/eu-parliament-votes-to-boost-2030" target="_blank" rel="noopener">voted</a> to boost the domestic renewable energy share to 42.5% by 2030 in October.</p>
<p>Europe&#8217;s power industry recently called for <a href="https://www.mercomindia.com/europes-power-sector-calls-for-ramping-up-aging-grid-infrastructure" target="_blank" rel="noopener">ramping</a> up investments in aging grid infrastructure by 84% annually until 2050. According to Eurelectric, which represents the interests of the European electricity industry, the grid infrastructure is ill-suited for accommodating decentralized renewables, electric vehicles, and smart grids.</p>


EU Approves Net-Zero Industry Act to Boost Local Clean Technology Production


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					</table><p><a href="https://www.mercomindia.com/rajasthan-renewable-policy-65-gw-solar-fy30" target="_blank" rel="noopener"><strong>Rajasthan has unveiled its Renewable Energy Policy 2023, aiming to establish 90 GW of renewable energy projects by the financial year 2029-30.</strong></a> Solar projects will constitute 65 GW, wind and wind-solar hybrid 15 GW, hydropower, pumped storage projects, and battery energy storage system (BESS) projects 10 GW. The state has also announced that renewable energy projects supplying power to entities other than DISCOMs will be charged with facilitation charges or will be mandated to supply 7% of the power to DISCOMs at no cost.</p>
<p><a href="https://www.mercomindia.com/tcil-seeks-bids-solar-projects-at-airports-in-oman" target="_blank" rel="noopener"><strong>Telecommunications Consultants India has invited bids for the development of solar power projects of 20 MW at Muscat International Airport and 6 MW at Salalah Airport in Oman on an asset</strong></a> lease basis for a fixed tenure. The scope of the work includes design, engineering, supply, construction, testing, and commissioning, including operation and maintenance. The last date for the submission of bids is October 16, 2023. Bids will be opened the same day.</p>
<p><a href="https://www.mercomindia.com/cerc-challenges-implementing-gna-regulations" target="_blank" rel="noopener"><strong>The Central Electricity Regulatory Commission recently issued an order clarifying certain issues raised by Grid-India related to the implementation of General Network Access (GNA)</strong></a> regulations for projects connected to both state and central transmission utilities. In its submission, Grid-India highlighted the difficulties of implementing GNA Regulations and requested clarification on a few aspects.</p>
<p><a href="https://www.mercomindia.com/inox-green-divest-stake-nani-virani-wind-energy" target="_blank" rel="noopener"><strong>Inox Green Energy Services (IGESL), an Inox Wind subsidiary, has signed a term sheet to divest its 100% stake in Nani Virani Wind Energy, a special purpose vehicle operating a 50 MW wind farm in</strong></a> Gujarat, aiming to cut its debt and enhance profitability. The divestment, amounting to ₹3 billion (~$36 million) that IGESL had borrowed to develop the Nani Virani wind project, is expected to help IGESL transition to an asset-light operation and maintenance business.</p>
<p><a href="https://www.mercomindia.com/mnre-%E2%82%B94-billion-roadmap-national-green-hydrogen-mission" target="_blank" rel="noopener"><strong>The Ministry of New and Renewable Energy has unveiled a ₹4 billion (~$48.12 million) Research and Development (R&amp;D) Roadmap for the National Green Hydrogen Mission, seeking to</strong></a> develop an ecosystem that can help commercialize green hydrogen. The R&amp;D roadmap aims to advance fresh materials, technologies, and infrastructure to enhance the efficiency, reliability, and cost-effectiveness of green hydrogen production, storage, and transportation.</p>
<p><a href="https://www.mercomindia.com/eu-parliament-votes-to-boost-2030" target="_blank" rel="noopener"><strong>Members of the European Parliament have voted to increase the share of renewable energy to 42.5% by 2030 as a part of the Renewable Energy Directive, a legal framework governing the</strong></a> development of clean energy across sectors driving the economy. The framework was agreed upon by the Parliament and the European Council in March this year in a bid to increase the European Union’s binding target from 32%. The legislation has been formally endorsed by the Council.</p>


Daily News Wrap-Up: Rajasthan Unveils New Renewable Energy Policy

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